Horizon Gold Ltd (ASX:HRN, OTC:HZGLF) has confirmed a financially robust development pathway for its 100%-owned Gum Creek Gold Project in Western Australia, with a definitive feasibility study targeting first production in the second half of 2028.
The open-pit study outlines average production of 98,000 ounces of gold per annum during the first five years and total recovered production of 880,000 ounces across an initial 10-year mine life.
The S&P/ASX Small Ordinaries Index (XSO) gained 9.60 points, or 0.29%, to close at 3,324.60 yesterday, although the benchmark remains 60 points, or 1.77%, lower over the past five trading sessions.
The modest daily rise came as junior resource and energy companies continue to advance drilling, development and funding initiatives across projects in Australia and Canada. You can read about the following and more throughout the day.
Terrain Minerals Ltd (ASX:TMX, OTC:TMXAF, FRA:T4Y) advanced its flagship Smokebush Gold and Silver Project toward a maiden mineral resource estimate during the June 2026 quarter, supported by high-grade drilling results, completed technical studies and new exploration targets across its Western Australian portfolio.
At the Lightning prospect, Terrain completed 29 reverse circulation holes for 5,309 metres, testing extensions to the known gold system along strike and at depth.
Recce Pharmaceuticals Ltd (ASX:RCE, OTC:RECEF) advanced its diabetic foot infection treatment toward commercialisation during the June quarter, securing approval to expand an Australian study into a pivotal Phase 3 trial while progressing a proposed 10-year licensing agreement across the Middle East and North Africa.
The synthetic anti-infective developer also completed a successful regulatory inspection of its Indonesian Phase 3 trial site, raised A$4 million through an institutional placement and reported a pro-forma cash position of about A$33.1 million.
Lumos Diagnostics Holdings Ltd (ASX:LDX, OTC:LDXHF) has secured the rollout of its FebriDx rapid diagnostic test across more than 30 US urgent care sites and advanced three additional major healthcare groups, representing more than 230 sites, into clinical and economic validation.
Together, the four priority accounts represent more than 430 potential locations and an internally estimated minimum of 2.6 million acute respiratory infection presentations annually.
Australia is preparing tighter controls on how artificial intelligence is used across government, workplaces and digital services as Canberra attempts to balance faster adoption with stronger public safeguards.
The Albanese government’s emerging framework will place greater scrutiny on automated government decision-making, with new rules expected to prioritise transparency, accuracy, fairness and human accountability.
Saturn Metals Ltd (ASX:STN) has secured a key mining lease covering its Apollo Hill Gold Project in Western Australia, clearing another important development milestone as the company advances a definitive feasibility study due later this year.
The Western Australian Department of Mines, Petroleum and Exploration has granted Mining Lease M31/496, an approximately 11,700-hectare tenure surrounding Saturn’s existing Apollo Hill mining leases.
H&P Research has assigned Tamboran Resources Corporation (NYSE:TBN, ASX:TBN, OTC:TBNRL, FRA:O8R) a risked valuation implying 113% upside, concluding that the company’s record stimulation campaign in the Beetaloo Basin has materially reduced execution risk ahead of first gas.
Western Mines Group Ltd (ASX:WMG) has intersected further high-grade nickel sulphide mineralisation grading up to 2.26% nickel and 0.35% copper at the Mulga Tank Project in Western Australia’s Eastern Goldfields.
Assays from six reverse circulation holes returned broad mineralised intervals in every hole, reinforcing the scale and continuity of the nickel sulphide system and supporting the potential expansion of the project’s current mineral resource.
Silver Mines Ltd (ASX:SVL, OTC:SLVMF, FRA:SWQ) has completed a definitive feasibility study (DFS) for the Bowdens Silver Project in New South Wales, outlining a potential 26-year operation with a pre-tax net present value of A$1.04 billion and silver reserves of 93.5 million ounces.
The updated ore reserve stands at 47.9 million tonnes grading 60.8 g/t silver, 0.36% zinc and 0.26% lead, representing a 30% increase in contained silver and a 46% rise in reserve tonnes compared with the previous estimate.
Aeris Resources Ltd (ASX:AIS, OTC:ARSRF) has more than quadrupled Ore Reserves at its Tritton Operations in central New South Wales, strengthening the foundation for a long-life, multi-mine copper hub centred on the project’s existing processing infrastructure.
Tritton’s Ore Reserve now stands at 10 million tonnes grading 1.7% copper, 0.38 g/t gold and 10 g/t silver, containing around 180,000 tonnes of copper, 130,000 ounces of gold and 3.2 million ounces of silver.
Lightning Minerals Ltd (ASX:L1M) has completed Phase 2 exploration at its wholly owned Warby Tungsten Project in North Queensland, collecting about 90 samples across priority targets as it moves closer to selecting initial drill sites.
The program combined detailed geological mapping with soil, stream-sediment concentrate, and targeted rock-chip sampling across a prospective two-kilometre structural corridor centred on historical tungsten workings near the Angor Granite contact.
Alkane Resources Ltd (ASX:ALK, OTC:ALKEF) has delivered annual production in the upper half of guidance, generated record cash flow and proposed its first dividend following a strong finish to the 2026 financial year.
The gold and antimony producer generated 42,491 gold equivalent ounces in the June quarter at an all-in sustaining cost (AISC) of A$3,011 per ounce, taking full-year production to 168,337 gold equivalent ounces at an AISC of A$2,925 per ounce.