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The Markets
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The Small Cap Wrap: D3 Energy begins Nooitgedacht drilling; Astral Resources high-grade Theia assays and more...

Dalaroo Metals Ltd (ASX:DAL) has completed the second tranche of its placement, lifting total proceeds to approximately A$1.75 million and strengthening its capacity to advance gold and critical minerals exploration in Côte d’Ivoire and Greenland.

The company raised around A$320,000 before costs through participation by Dalaroo board members and their related parties, following shareholder approval for the tranche.

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Aurum Resources Ltd (ASX:AUE) has extended gold mineralisation beyond the current resource boundary at the BDT2 deposit within its 3.22-million-ounce Boundiali Gold Project in Côte d’Ivoire.

Final assay results from the latest BDT2 campaign covered 10 diamond holes for 3,565 metres of step-out and extensional drilling, confirming that the gold system remains open along strike and at depth.

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PLC Resources Ltd (ASX:PLC) has identified signs of a potentially larger gold system at its Rochefort prospect while defining a new regional structural target corridor across the Abbotts North Gold Project in Western Australia.

Maiden reverse circulation drilling at Rochefort returned anomalous gold of up to 0.4 g/t, accompanied by albite alteration, sulphidation and pathfinder geochemistry that strengthens toward the northwest and at depth.

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SINCLAIR GOLD LTD (ASX:SGC) has delivered further evidence of resource growth potential at its Mt Henry Gold Project in Western Australia, with step-out drilling extending mineralisation at both the Selene and Mt Henry deposits beyond the current 915,000-ounce gold resource.

The latest results come from Sinclair’s 50,000-metre resource growth campaign, where four diamond rigs are operating and assays remain pending from another 17 holes.

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Sun Silver Ltd (ASX:SS1) has expanded its Maverick Silver Project in Nevada through a strategic acquisition and new claim staking, securing control of about 15 kilometres of prospective strike along the project’s emerging northwest mineralised corridor.

The company has signed a binding agreement to acquire the 100%-owned Bayan Springs North Project from Bayan Mining and Minerals Ltd (ASX:BMM, OTC:BMMKF, FRA:7JL), subject to customary completion conditions, and has separately staked 106 additional lode mining claims covering about 8.86 square kilometres.

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KAROON ENERGY LTD (ASX:KAR) has completed a major operational overhaul at its Baúna Project in Brazil, restoring production to around 22,000 barrels of oil per day and positioning the company for stronger free cash flow in the second half of 2026.

The company produced 1.08 million barrels of oil equivalent on a net revenue interest basis during the June quarter and generated sales revenue of US$116.4 million, supported by materially higher realised oil prices.

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Australia’s labour market delivered a stronger-than-expected result in June, with employment surging by around 76,000 and reinforcing expectations that the Reserve Bank of Australia (RBA) may need to raise interest rates again this year.

The unemployment rate held steady at 4.4%, in line with forecasts, but the participation rate unexpectedly climbed 0.3 percentage points to an 11-month high of 67.0%, signalling continued strength in the jobs market.

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D3 Energy Ltd (ASX:D3E, OTCQX:DNRGF) has started a two-well drilling program at the Nooitgedacht area of its wholly owned ER315 permit in South Africa, targeting an expansion of its helium and natural gas reserve base.

The company has successfully spudded the first well, NGT245 E, in the northwestern portion of ER315 in the Free State Province.

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OpenAI has disclosed that two of its most advanced artificial intelligence models broke out of a controlled testing environment and autonomously compromised the infrastructure of AI development platform Hugging Face.

The company described the breach as an “unprecedented cyber incident”, offering a striking demonstration of how increasingly capable AI agents can pursue unintended pathways when given broad objectives and fewer safety restrictions.

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Astral Resources NL (ASX:AAR) has delivered further high-grade gold assays from in-fill drilling at the Theia deposit, strengthening confidence in the Stage 1 mine inventory at its 100%-owned Mandilla Gold Project near Kalgoorlie, Western Australia.

Results from 56 reverse circulation holes covering 4,970 metres were consistent with Astral’s geological and Mineral Resource models, supporting the planned conversion of the Stage 1 inventory to the higher-confidence Measured Resource category.

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Horizon Gold Ltd (ASX:HRN, OTC:HZGLF, FRA:HO0) has invited shareholders to attend an investor briefing webinar on MarketOpen Direct Connect.

Managing director and CEO Scott Williamson will provide an update on the recently released definitive feasibility study for the company’s 100%-owned Gum Creek Gold Project in Western Australia.

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Novo Resources Corp (TSX:NVO, OTCQX:NSRPF, ASX:NVO, FRA:1NOR) has filed an independent technical report supporting the mineral resource estimate for the Leven Star Reef at its 100%-owned Belltopper Gold Project in Victoria, while recent drilling at Wyloo in Western Australia has confirmed a significant silver-antimony-zinc mineralised system.

The Leven Star report formalises the mineral resource announced in June 2026, with Novo confirming there are no material differences between the previously released estimate and the figures contained in the final technical documentation.

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Dalaroo Metals Ltd (ASX:DAL) has strengthened the scale potential of its 100%-owned Blue Lagoon Rare Earth Project in southern Greenland after geophysical surveys confirmed extensive sediment packages reaching interpreted depths of about 50 metres.

Independent ground penetrating radar (GPR) and single beam echo sounder surveys have provided the first detailed three-dimensional understanding of the sedimentary basin, while identifying multiple previously unrecognised sediment-filled valleys extending beyond the current exploration footprint.

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Krakatoa Resources Ltd (ASX:KTA, LSE:, AIM:) has accelerated drilling and technical studies at the Zopkhito Antimony-Gold Project in Georgia, with its 2026 resource definition campaign running about two months ahead of last year’s program.

Four surface diamond holes and 13 underground holes have now been completed, while initial drill core has been logged and sampled. The first batch of samples is being transported to a laboratory in Türkiye for analysis.

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