Public Company News

Perth-based Horizon Minerals has struck a binding heads of agreement to sell its 100 per cent-owned non-core Lake Johnston nickel project in Western Australia to emerging explorer Forrestania Resources for a total consideration of $35 million which includes a $30m cash component. The deal, expected to settle by the end of January, remains subject to Forrestania securing the funding via a capital raise, also includes Horizon receiving $5m in Forrestania shares.

Reach Resources has kicked off a 5000-metre reverse circulation drill program at its Murchison South gold project near Paynes Find in Western Australia. The work is centred around the company's flagship Blue Heaven deposit, where it already holds a handy resource of 681,000 tonnes at 2.8 grams per tonne gold for 61,300 ounces of relatively shallow gold.

Middle Island Resources has struck a multi-metal jackpot with a rich mix of gold, silver, copper, lead and zinc at its historic Bobija mine in Serbia. Channel sampling from the pit floor delivered standout hits including 8.25g/t gold and 499g/t silver across four channels. The results mark the company's first major exploration success in the Western Tethyan belt and set up a strong platform for drilling.

Corazon Mining has lodged a strategic tenement application to expand its Two Pools gold project in WA's Gascoyne region, targeting a hidden northeast extension of its high-grade Two Pools gold mineralisation. The project features historical high-grade gold intercepts, with one hole delivering 12m at 8.89g/t gold from 79m including 3m at 34.25g/t gold from 80m.

Siren Gold has unearthed several old workings and taken samples of outcrops in a first pass field program at its Queen Charlotte antimony and gold project in NZ along strike from historical antimony mines. The company has identified a mineralised strike potential of 8kms within a 12km long shear zone in New Zealand's south island. Hangingwall and footwall reefs offer a parallel doubling of potential.

American West Metals has expanded its North American footprint by commencing trading on the OTCQB Venture Exchange under the ticker AWMLF. The move gives US investors direct access to the company behind Utah's West Desert critical minerals project which holds the nation's largest indium resource and has growing gallium potential, positioning it at the heart of America's minerals supply chain revival.

Thunderbird Resources is on the hunt for large gold-antimony deposits in New South Wales and has prioritised its exploration focus on ground within several of Australia's most noteworthy orogenic belts. The company pivoted its exploration efforts this year to focus on gold-copper-antimony and recently jumped at the chance to lock-in its now-flagship Springfield gold deposit, part of the Slashers Flat project near Gulgong in NSW.

Novo Resources has nailed strong gold and antimony results from exploration programs across the company's projects about a sling-shot from Northern Star Resources' world-beating Hemi gold operation in the Pilbara region of WA. The company's rock-chip sampling program at its Teichman area returned eye-opening gold grades of 77.5 grams per tonne and 51.4g/t. An impressive total of 11 samples returned greater than 10g/t gold.

Video technology company Atomos Ltd, has turbocharged its sales and projected earnings for the current financial year after continued strong demand for its Shinobi and Ninja video product ranges. In its latest trading update, improvement to the company's financials were further boosted by its updated marketing strategy, which targets digital marketing, direct-to-customer and retail media platforms.

NeuroScientific Biopharmaceuticals has reached another clinical milestone, with a fourth Crohn's disease patient now receiving its patented StemSmart stem cell therapy for the chronic bowel disease under Australia's Special Access Scheme. The company says data from the real-world program will directly inform the design of its upcoming phase two trial, slated to begin in the second half of 2026.

Meeka Metals has delivered another batch of high-grade gold intercepts from its Turnberry South deposit in the producing Murchison gold project, further reinforcing near-mine resource growth and extending the Stage 1 open pit beyond its initial two-year mine life. Standout results include 8m at 14.79g/t gold from 44m in the best hole which features a welcome 2m core going 53.05g/t gold.

Terrain Minerals' latest induced-polarisation survey has kicked-up a suite of potential gold targets within large chargeability zones stretching more than 800 metres at its Wildflower prospect, part of the wider Smokebush project about 350 kilometres north of Perth. The company plans to spin the drill-bit in January next year to test three new prospects across three large-scale structures revealed in the survey.