NextSource Materials Inc. (TSX:NEXT, OTCQB:NSRCF) said on Tuesday it has approved a final investment decision on Phase 1 of its Battery Anode Facility in Abu Dhabi, advancing its push into vertically integrated anode materials manufacturing.
The decision follows the completion of front-end engineering design work, which the company said confirmed the economics and project configuration outlined in an October 2025 feasibility study.
UBS has flagged the risk of a "super El Niño" developing from mid-2026, which it says could tighten the seaborne thermal coal market and push prices higher, with Indonesian and Australian producers set to benefit.
The World Meteorological Organisation expects an El Niño event to develop in the coming months, and some scientists predict it could be the strongest this century based on high Pacific Ocean surface temperatures.
Orbminco Ltd (ASX:OB1) will begin a 27-hole reverse circulation drilling program in late May at its 100%-owned Majestic North Gold Project, 65 kilometres southeast of Kalgoorlie in WA’s Eastern Goldfields.
The 2,500-metre program is designed to advance resource development and exploration targeting across the shallow gold system.
Auravelle Metals Ltd (ASX:AUV) is preparing to start its next round of reverse circulation (RC) drilling at the Nuckulla Hill Gold Project in South Australia, with work to focus on the Sheoak and Sheoak East prospects.
The program is designed to infill and extend high-grade gold mineralisation at Sheoak, while also testing early-stage targets at Sheoak East and elsewhere across the project area.
Koonenberry Gold Ltd (ASX:KNB) has extended gold mineralisation at the Sunnyside Prospect within its Enmore Project in northern New South Wales, with the final three holes from its Phase II drilling campaign continuing to return broad gold zones and high-grade intervals at depth.
The latest assays have pushed mineralisation a further 195 metres down dip on two drill sections and confirmed continuity across more than 200 metres of strike and to vertical depths of up to 415 metres, reinforcing Sunnyside’s emergence as a sizeable orogenic gold system.
Biome Australia Ltd (ASX:BIO) has extended its exclusive supply agreement with long-term strain partner Probiotical SpA for a further two years, providing continuity in the company’s supply chain as it expands internationally.
The new agreement replaces the previous deal, which had been due to expire in June 2026, and will now remain in place until 2028 on existing commercial terms.
Dalaroo Metals Ltd (ASX:DAL) has completed a large-scale systematic soil geochemistry program across the Gold Ridge Prospect within its Bondoukou Gold Project in Côte d’Ivoire, marking a key step toward maiden drilling.
Wall Street’s AI trade is starting to look increasingly split between believers and sceptics.
In the space of just a few days, investors have been confronted with several mixed signals about where the artificial intelligence boom is heading: Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) ramping up its already extraordinary investment push across the AI ecosystem, famed short-seller Michael Burry warning of bubble-like conditions, and veteran strategist Ed Yardeni lifting his S&P 500 target yet again.
AuKing Mining Ltd (ASX:AKN) will host an investor webinar this week to provide shareholders and investors with an operational update across its expanding exploration portfolio, including recent developments at the Tundulu rare earths project in Malawi.
Managing director Paul Williams is set to present the webinar on Wednesday, May 13, where the company will discuss exploration activities and broader progress across its portfolio.
Critical Resources Ltd (ASX:CRR, FRA:9S70) is stepping up exploration across its Mavis Lake Lithium Project in Ontario, launching a new field campaign at the underexplored Corona Pegmatite Field as part of a broader strategy to build a multi-deposit lithium district in Canada.
The ASX-listed company has mobilised field crews to the Corona target, about 4 kilometres north of the existing Mavis Lake Main Zone deposit, where it already hosts an inferred mineral resource of 8.0 million tonnes grading 1.07% lithium oxide.