Sovereign Metals Ltd (ASX:SVM, OTCQX:SVMLF, AIM:SVML, FRA:SVM) advanced the Kasiya Critical Minerals Project in Malawi during the June 2026 quarter, completing a definitive feasibility study (DFS) that outlined a pre-tax net present value of US$2.2 billion.
The study estimated capital expenditure to first production of US$727 million, steady-state annual EBITDA of US$476 million and pre-tax unlevered free cash flow of US$452 million.
Novo Resources Corp (TSX:NVO, OTCQX:NSRPF, ASX:NVO, FRA:1NOR) is preparing to launch a 2,700-metre reverse circulation drilling program at the Tibooburra Gold Project in New South Wales, targeting extensions to high-grade mineralisation at the Clone prospect and a previously undrilled quartz-reef trend at Pioneer South.
Drilling is expected to begin in late September quarter 2026, subject to regulatory and landholder approvals, and will comprise about 1,700 metres at Clone and 1,000 metres at Pioneer South.
The S&P/ASX Small Ordinaries Index (XSO) edged 3.7 points, or 0.11%, higher on Wednesday to close at 3,326.50, although the benchmark remains 44.5 points, or 1.32%, lower over the past five trading sessions.
Meanwhile, quarterly season is in full swing as several more explorers and developers outline drilling programs, stronger operating plans and major project milestones across gold and critical minerals assets. You can read about the following and more throughout the day.
Greatland Resources Ltd (AIM:GGP, OTC:GRLGF, FRA:G8G, ASX:GGP) closed the June 2026 quarter with a strong operating and financial performance, beating full-year production and cost guidance while strengthening its balance sheet ahead of major investment in the Telfer-Havieron gold-copper complex.
The company produced 79,100 ounces of gold and 3,573 tonnes of copper during the quarter at an all-in sustaining cost (AISC) of A$2,312 per ounce.
Aruma Resources Ltd (ASX:AAJ) delivered broad, high-grade copper-silver intersections at its flagship Tillex Project in Ontario during the June 2026 quarter, strengthening the case for the asset as a potentially significant copper development opportunity.
The company completed 1,093 metres of maiden diamond drilling at Tillex, confirming shallow mineralisation across wide intervals and demonstrating that the system remains open along strike and at depth.
D3 Energy Ltd (ASX:D3E, OTCQX:DNRGF) materially expanded its certified helium resource base during the June 2026 quarter, while advancing drilling and development activities across its South African and Australian portfolio.
The company’s combined 2C helium resource across ER315, PR016 and ER386 in South Africa increased by 65% to 35.6 billion cubic feet (BCF), following independent certification of a maiden contingent and prospective resource at the 100%-owned ER386 permit.
Solis Minerals Ltd (TSX-V:SLMN, ASX:SLM, OTCQB:SLMFF, FRA:08WA) has strengthened its South American energy metals portfolio during the June 2026 quarter, acquiring a district-scale Brazilian lithium project, securing permits for two Peruvian copper programs and raising A$6 million to fund drilling.
The company moved rapidly to advance the Brazil Lithium Project in the Araçuaí–Salinas Lithium Valley, where drilling began after quarter-end at the Mandacaru target.
St George Mining Ltd (ASX:SGQ, OTC:SGQMF) has recorded its strongest drilling results to date from the Araxá Rare Earths and Niobium Project in Brazil, including a record 207-metre mineralised intercept from surface and individual grades of up to 30.3% total rare earth oxides (TREO).
Assays from 37 diamond drill holes confirmed extensive, thick, and high-grade rare-earth and niobium mineralisation within the weathered profile, strengthening the potential for a large-scale, low-strip open-pit development.