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The Markets
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The Markets
by Proactive
Proactive UK has moved.
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The Small Cap Wrap: NewPeak Metals soars; Krakatoa raises $1.6M and more

Pilbara Gold Ltd (ASX:PGL) is accelerating exploration and study work at its flagship 2.1-million-ounce Mt York Gold Project in Western Australia’s Pilbara, with five drill rigs active on site and a sixth rig due to join by the end of July.

The company has completed 13,748 metres of a planned 50,000-metre-plus drilling program, with first assays expected from late July as laboratories in Perth continue to report extended turnaround times.

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Lightning Minerals Ltd (ASX:L1M) (Lightning Minerals Ltd (ASX:L1M)) has completed its Western Zone soil geochemistry program at the wholly owned Mt Turner Gold Project in northern Queensland, moving the company closer to refining its next round of gold drill targets.

The field program collected 551 systematic soil samples across the highly prospective 5-kilometre Western Zone structure, along with 12 rock samples made up of gossanous breccias and altered intrusives.

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Greatland Resources Ltd (AIM:GGP, OTC:GRLGF, FRA:G8G, ASX:GGP) told investors that its full-year gold production topped guidance after a June quarter that also lifted its cash balance to almost US$1.3 billion with no debt.

The AIM- and ASX-listed miner produced 79,099 ounces of gold and 3,573 tonnes of copper in the three months to 30 June 2026, taking full-year production to 328,986 ounces of gold and 14,594 tonnes of copper.

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NewPeak Metals Ltd (ASX:NPM, OTC:NPMFF, FRA:NPM) shares surged in morning trade after the company confirmed a large-scale gold-zinc-silver discovery from the first hole of its 2026 drilling program at the 100%-owned Las Opeñas Gold Project in San Juan Province, Argentina.

The stock surged as high as A$0.031 in morning trade, representing an intraday gain of about 107% from its previous close of A$0.015. The stock is currently up 66.6% intraday (1pm).

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Krakatoa Resources Ltd (ASX:KTA, LSE:, AIM:) has secured firm commitments to raise $1.6 million through a strongly supported placement, giving the company fresh funding to advance its 2026 exploration program at the Zopkhito Antimony-Gold Project in Georgia.

The placement will see Krakatoa issue about 400 million new fully paid ordinary shares at $0.004 per share to new and existing wholesale and sophisticated investors.

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AuMEGA Metals Ltd (ASX:AAM, TSX:AUM, OTCQB:AUMMF, FRA:FRA: MA30) has appointed experienced mining executive and geologist Rafael Gradim as president, effective August 1, 2026, as the company advances exploration across its district-scale gold portfolio in Newfoundland and Labrador, Canada.

Michael Skead has stepped down as president, effective immediately, for personal reasons. Gradim will be based in Toronto and will take responsibility for AuMEGA’s exploration activities, including planning, execution and advancement of exploration programs across the company’s land package.

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Noble Helium Ltd (ASX:NHE, OTC:NBHEF, FRA:GN1) has appointed experienced oil and gas finance executive Jani Surjan as chief financial officer, effective July 6, 2026, as the company prepares for the next stage of development at its North Rukwa helium project in Tanzania.

The appointment follows Owain Franks’ transition from the CFO role and forms part of Noble’s planned refocusing of its board and management team.

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Nine Entertainment and Microsoft have signed an Australian-first agreement that will allow Microsoft Copilot to reference Nine’s journalism when generating AI search responses, marking a new step in the relationship between publishers and artificial intelligence platforms.

Under the deal, Copilot will be able to draw on text from Nine’s mastheads beyond standard paywalled previews to help “ground” AI-generated answers in verified reporting.

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Greatland Resources Ltd (AIM:GGP, OTC:GRLGF, ASX:GGP) has delivered full-year gold production of 328,986 ounces, beating the top end of its FY26 guidance range after producing 79,099 ounces in the June quarter.

The Western Australian gold and copper producer also reported June quarter copper production of 3,573 tonnes, taking full-year copper output to 14,594 tonnes.

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First Graphene Ltd (ASX:FGR, OTCQB:FGPHF) has signed a Memorandum of Understanding with The Sixth Element (Changzhou) Material Technology Co Ltd to distribute its PureGRAPH® CEM additive into China, opening a pathway into the world’s largest cement and concrete market.

The MOU appoints Sixth Element as a key distributor for PureGRAPH® CEM in China, with exclusivity available, subject to achieving annual purchase targets.

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Regenerative medicine company Orthocell Ltd (ASX:OCC, OTC:ORHHF) will release its quarterly results for the period ended June 30, 2026, on Monday, July 13, 2026.

The company will also host an investor webinar on Tuesday, July 14, 2026, providing an overview of the results and an operational update, including progress on the US rollout of Remplir and other strategic initiatives.

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Dalaroo Metals Ltd (ASX:DAL)'s ongoing exploration at its 100%-owned Blue Lagoon Rare Earth Project in southern Greenland is rapidly improving its understanding of a potentially large rare earth and critical minerals system.

The company’s 2026 field program has identified multiple granite units, aplite sills, beryl-bearing pegmatites and interpreted eudialyte-bearing alkaline granites, providing stronger evidence for the hard-rock source of rare earth-bearing sediments previously discovered at the project.

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