Small caps are heading into a firmer session, with ASX futures pointing higher after another strong Wall Street lead, as easing oil prices and renewed hopes for US–Iran talks continue to support risk appetite.
While the broader market tone has improved, today’s updates highlight a mix of high-grade drilling results, resource growth pathways and commercial momentum across resources and healthcare names.
Riversgold delivers standout Kalgoorlie hits
Riversgold Ltd (ASX:RGL, FRA:RGV, OTC:RVSGF) has delivered high-grade gold intercepts of up to 71g/t from its latest drilling at the Northern Zone project near Kalgoorlie, with multiple wide, shallow hits reinforcing the scale of the system.
The results continue to expand the oxide gold footprint and are expected to feed into a near-term mining lease decision, with a development pathway already supported by a funding and profit-sharing agreement.
Terrain extends Lightning gold system
Terrain Minerals Ltd (ASX:TMX, OTC:TMXAF, FRA:T4Y) has confirmed strong continuity of high-grade gold at its Lightning prospect, with drilling intersecting multiple zones across strike and at depth.
The program points to a larger and more complex system than previously understood, with follow-up drilling planned and a maiden JORC resource estimate targeted for July.
Orthocell unlocks major US hospital network
Orthocell Ltd (ASX:OCC, OTC:ORHHF) has secured approval for its Remplir nerve repair device across US Department of Defence and Veterans Affairs hospital networks, providing access to more than 200 facilities.
The approval builds on existing distribution coverage and recent clinical use in conflict settings, supporting further rollout into military and trauma-focused healthcare systems.
AuMEGA strengthens balance sheet for exploration push
AuMEGA Metals Ltd (ASX:AAM, TSX:AUM, OTCQB:AUMMF, FRA:FRA: MA30) has completed a ~C$30.1 million capital raise, attracting new institutional investors while maintaining support from existing strategic backers.
The funding significantly extends the company’s runway and positions it to accelerate exploration across its Newfoundland gold portfolio in 2026.
Novo bolsters exploration leadership
Novo Resources Corp (TSX:NVO, OTCQX:NSRPF, ASX:NVO, FRA:1NOR) has appointed experienced geologist Rohan Williams as general manager of exploration, bringing more than 30 years of global mining experience.
His appointment strengthens the company’s technical leadership as it continues to advance a diversified exploration portfolio spanning gold, base metals and critical minerals.
Critical Resources outlines multi-front quarterly progress
Critical Resources Ltd (ASX:CRR, FRA:9S70) has reported progress across its lithium, gold and battery technology programs over the March quarter, including defining a 2026 exploration campaign at Mavis Lake in Canada.
The update also highlighted ongoing fieldwork in New Zealand, early-stage battery technology validation and a recent capital raise to support development across its broader portfolio.