Cavendish sees huge upside (more than thirteenfold) for 88 Energy Ltd (AIM:88E, ASX:88E, OTCQB:EEENF, FRA:POQ), with the bullish house-broker highlighting that the explorer has reshaped its Namibia farm-in agreement.
This, it says, will strip out $15 million of anticipated funding exposure while retaining a 20% stake in frontier acreage.
For stroke patients, diagnosis still depends heavily on access to advanced hospital imaging — even though treatment outcomes can deteriorate by the minute.
That challenge is helping drive interest in portable brain scanning technologies that could help doctors identify and triage strokes earlier, particularly in emergency departments, regional hospitals and eventually ambulances.
Acrux (ASX:ACR) has secured binding commitments to raise $1.6 million before costs through a share placement to institutional and professional investors.
The placement was strongly supported, with commitment bids totalling $2.6 million received before the offer was scaled back by $1 million.
Delta Lithium Ltd (ASX:DLI) has delivered a dual-project update that adds a potentially significant new commodity to its Yinnetharra project while Mt Ida continues to build resource confidence ahead of a scoping study.
The company's regional exploration campaign at Yinnetharra in Western Australia's Gascoyne region has returned eye-catching fluorite assays from surface sampling and a shallow drill program, while partner drilling at Mt Ida is consistently intercepting high-grade lithium at depth.
Greatland Resources Ltd (AIM:GGP, OTC:GRLGF, FRA:G8G, ASX:GGP) said drilling has pointed to a potentially significant southward extension of its West Dome Underground deposit at Telfer after a step-out hole returned one of the project’s best intercepts to date.
The Pinnacles hole, drilled around 1.2 kilometres south of the current West Dome Underground resource, intersected 58.7 metres at 6.5 grams per tonne gold and 0.1% copper from 1,754 metres, including 37 metres at 9.98 g/t gold and 0.14% copper.
Australian Mines Ltd (ASX:AUZ) has submitted additional metal hydride samples to the National Laboratory of the Rockies (NLR) for independent testing by a US Department of Energy national laboratory team, as the company advances its proprietary solid-state hydrogen storage technology toward potential commercial applications.
The latest submission follows earlier testing undertaken through the Hydrogen Materials Advanced Research Consortium (HyMARC), which previously evaluated the company’s MH-May24 metal hydride formulation.
88 Energy Ltd (AIM:88E, ASX:88E, OTCQB:EEENF, FRA:POQ) announced it has secured its 20% working interest in Namibia’s PEL 93 on an unconditional basis while cutting about $15 million of minimum future funding exposure under an amended farm-in agreement.
The AIM- and ASX-listed explorer said the revised deal with operator Monitor Exploration cancels Stage 2 and Stage 3 farm-in obligations, removes reassignment risk and simplifies the original commercial structure.
Atlantic Lithium Ltd (AIM:ALL, ASX:A11, OTCID:ALLIF) told investors that it has consented to Elevra Lithium transferring its rights and obligations in the Ewoyaa Lithium Project to Zhejiang Huayou Cobalt, potentially simplifying the funding route for Ghana’s flagship lithium development.
Elevra currently holds rights to a 22.5% interest in Atlantic’s Ghana lithium portfolio, including Ewoyaa, after meeting the Stage 2 terms of the project agreement.
Lightning Minerals Ltd (ASX:L1M, FRA:YZ1) last week outlined plans for the next phase of drilling at the company’s flagship Mount Turner Gold Project in far north Queensland, with chief executive Troy Brice providing an on-site update ahead of the commencement of drilling activities in June.
Brice said the company had finalised logistics and drill planning for the phase two campaign, which is expected to comprise around 670 metres of diamond drilling across six holes. The drilling program is designed to follow up on high-grade mineralisation identified during the company’s November 2025 campaign and further define mineralisation beneath Pit Three at Mount Turner.
Greatland Resources Ltd (AIM:GGP, OTC:GRLGF, FRA:G8G, ASX:GGP) has outlined a potentially significant southern extension to its West Dome Underground (WDU) system at Telfer, after a deep step-out drill hole at the Pinnacles prospect returned one of the strongest intercepts recorded from the project to date.
The company said a 1,858-metre diamond hole drilled from surface intersected 58.7 metres at 6.5 g/t gold and 0.1% copper from 1,754 metres, including 37 metres at 9.98 g/t gold and 0.14% copper, approximately 1.2 kilometres south of the current WDU mineral resource.
Lindian Resources Ltd (ASX:LIN, OTC:LINIF) has strengthened its executive and operational leadership team with seven new appointments across legal, sustainability, supply chain, health and safety, technology, finance and investor relations as the company pushes towards first production at its Kangankunde Rare Earths Project in Malawi.
The appointments come as Lindian transitions from project developer to future producer, with construction at Kangankunde well advanced and first production from both the Malawi upstream operation and the company’s planned SARECO hydrometallurgical facility in Kazakhstan targeted for Q4 2026.
Elixir Energy Ltd (ASX:EXR, OTC:ELXPF) has begun flow-back and clean-up operations at the Diona-1 exploration well in Queensland’s Surat-Bowen Basin after successfully completing stimulation and well completion activities.
The Diona-1 well, in which Elixir holds a 49% operating interest alongside joint venture partner Xstate Resources Limited (ASX:XST, FRA:XW7), has been stimulated across identified Permian net gas pay zones and completed with 2-3/8-inch tubing and sliding sleeve completions.
Riversgold Ltd (ASX:RGL, FRA:RGV, OTC:RVSGF) has strengthened its land position at the Kalgoorlie Gold Project in Western Australia through a binding agreement to acquire 100% of granted tenement P25/2850.
The acquisition increases the project area by 20% to 10.22 square kilometres from 8.36 square kilometres, adding ground immediately north of the company’s Northern Zone porphyry gold project.
Pantoro Gold Ltd (ASX:PNR, OTC:PNTOF, FRA:RKN) has identified a significant new high-grade gold discovery at the Racetrack target within its Norseman Gold Project in Western Australia, with early drilling pointing to a substantial new ore source close to existing infrastructure.
The discovery comes from an initial 27-hole RC and diamond drilling growth program targeting early-stage prospects across the Norseman Mainfield, including Racetrack, Golden Goose and southern extensions to the Crown Reef.
Small caps are entering the week against a volatile macro backdrop, with renewed US–Iran tensions pushing oil prices sharply higher again even as Wall Street continues to trade near record highs.
That mix of geopolitical uncertainty and resilient commodity markets is keeping investor focus firmly on gold, critical minerals and energy-linked plays, with early news flow today spanning high-grade drilling, project expansion and commercial repositioning.