The S&P/ASX Small Ordinaries Index gained 8.80 points, or 0.27%, to close at 3,315.00 yesterday, providing some relief after a weaker trading week.
Despite the positive session, the index remained 37.80 points, or 1.13%, lower over the past five days as investors continued to navigate volatile commodity markets and broader economic uncertainty.
Against this mixed market backdrop, several ASX-listed explorers and developers reported operational milestones, drilling results and project advancements across gold, copper, tungsten and nickel assets.
Alkane Resources Ltd (ASX:ALK, OTC:ALKEF) produced 42,491 gold-equivalent ounces during the June quarter at an all-in sustaining cost of A$3,011 per ounce.
Full-year production reached 168,337 gold-equivalent ounces at an AISC of A$2,925 per ounce, placing the company in the upper half of its FY2026 guidance range.
The company generated site operating cash flow of A$174 million during the quarter and has forecast FY2027 production of between 163,000 and 177,000 gold-equivalent ounces at an AISC of A$2,900 to A$3,200 per ounce.
Exploration at the Northern Molong Porphyry Project in New South Wales also continued to identify gold-copper mineralisation between the Boda and Kaiser deposits.
Results included 23.5 metres at 0.17 g/t gold and 0.14% copper, along with 42.1 metres at 0.16 g/t gold and 0.14% copper.
A mobile magnetotellurics survey has also defined new target areas across the project for further assessment.
Lightning Minerals Ltd (ASX:L1M, FRA:YZ1) has completed the second phase of exploration at its wholly owned Warby Tungsten Project in North Queensland, moving the project closer to drill target selection.
The program included detailed geological mapping, soil geochemistry, stream sediment concentrate sampling and targeted rock-chip sampling across priority targets identified during the initial reconnaissance campaign.
Lightning said the work was designed to improve its understanding of the scale, continuity and geological controls of the Warby tungsten system.
Results from the program will be used to refine priority areas and guide the company's next stage of exploration.
Titan Minerals Ltd (ASX:TTM, OTC:TTTNF) said Hancock Prospecting subsidiary Hanrine Ecuadorian Exploration and Mining had completed the third milestone under the joint venture and earn-in agreement covering the Linderos Copper Project in Ecuador.
Source: Yahoo Finance Top News — This article was automatically imported from the source. Read full article at original source →
