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The Australian
4 hours ago
- The Australian
StockTake: Redcastle Resources
Stockhead's Tylah Tully looks at the latest news from Redcastle Resources (ASX:RC1), who is fast tracking a pre-feasibility study at the Queen Alexandra gold project in Leonora. Redcastle released a scoping study released earlier this month which detailed the project as high-return, staged, open-pit concept. Watch the video to learn more. This video was developed in collaboration with Redcastle Resources, a Stockhead advertiser at the time of publishing. This video does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
News.com.au
5 hours ago
- News.com.au
Resources Top 5: Critica confirms Jupiter as Australia's largest magnet rare earth clay-hosted resource
Multiple MREO zones at Jupiter contain neodymium, praseodymium, dysprosium and terbium Testwork identifies potential to produce gallium as a by-product at Leliyn graphite asset OD6 has produced high-quality MREC and MREH from Splinter Rock REE project Your standout small cap resources stocks for Wednesday, August 13, 2025 Critica (ASX:CRI) In what it considers to be a step-change in understanding the value potential of its flagship Jupiter rare earths project in WA, Critica has confirmed the project to be Australia's largest and highest-grade clay-hosted magnet rare earth resource. The step-change comes as magnet rare earth oxides (MREO) are critical for high-performance permanent magnets used in EVs, wind turbines, electronics, medical devices and defence systems. Although accounting for only a small fraction of total TREO content, industry commentary frequently notes that the MREOs can contribute the vast majority, in the order of 85% or more, of total basket value at prevailing market prices, making them among the most strategically sought-after rare earths globally. Investors also recognise the value creation potential of MREOs with CRI shares increasing 34% to 2c and more than 62m shares exchanged. Building on a July 2025 heavy rare earth oxide (HREO) review, Critica identified multiple higher-grade MREO zones containing neodymium, praseodymium, dysprosium and terbium, the four rare earths essential for the magnets. This work was based on the February 2025 resource estimate of 1.8Bt of ore at a grade of 1700ppm total rare earth oxides calculated a little over 18 months after Jupiter was discovered. At a 400ppm MREO cut-off, Jupiter contains 640 Mt at 490 ppm MREO and 2,100 ppm TREO within the broader resource. The maiden TREO resource established Jupiter as Australia's largest and highest-grade clay-hosted rare earths deposit and the MREO resource adds value, highlights Jupiter's scale and its concentration of high-value magnet REEs that support long-term demand from sectors including EVs, wind turbines, medical and defence. 'This is a turning point in the Jupiter story. The size of the resource has always been compelling, but this updated analysis confirms that Jupiter also has quality, with significant quantities of neodymium, praseodymium, terbium and dysprosium,' Critica's CEO Jacob Deysel said. 'What sets Critica apart is our approach. Rather than rushing toward an end product at all costs, we are systematically and innovatively advancing our metallurgical plan. 'We are applying a smarter, more targeted strategy, starting with a beneficiation stage that has upgraded high-value REEs into a small-volume stream while rejecting ~95% of the mined mineralised mass. 'This approach has the potential to deliver a significant advantage compared to projects requiring full-volume leaching. By removing this stream early, we are improving our pathway to more efficient processing and potential economic benefits, reducing the volume of material requiring chemical processing.' Kingsland Minerals (ASX:KNG) A testwork breakthrough has identified the potential to produce high-value gallium as a by-product from Kingsland Minerals Leliyn asset, Australia's largest graphite deposit, and resulted in shares reaching 15c, an improvement of 15.4% on the previous close. Mineralogical testing has established muscovite mica as the principal host of gallium within the Leliyn graphitic schist, with biotite mica a secondary host. This work has been verified by CSIRO analysis. Kingsland Minerals managing director Richard Maddocks said this marked an important development in the company's strategy to unlock value at Leliyn. 'Now we know what mineral hosts the gallium, we can work towards producing a gallium concentrate,' he said. 'It is anticipated that once a gallium concentrate is produced, additional work will assess the viability of extracting gallium and/or gallium compounds from the concentrate. 'It should be noted that gallium production will not be considered in the Leliyn scoping study due for release later in the September quarter,' he added. Kingsland has already completed an exploration target for gallium at Leliyn and plans to publish a maiden gallium JORC resource later in 2025. Gallium is a soft metal with a melting point near room temperature (30°C) and is a critical component in semiconductors, optical-electronic devices, solar panels and several military applications. Classified as a critical mineral in Europe, America and Australia, its market is projected to grow from US$2.45b in 2024 to US$21.53b by 2034. It isn't mined as a primary ore but is typically produced as a by-product of bauxite and zinc cores. OD6 Metals (ASX:OD6) OD6 Metals has produced high-quality mixed rare earth carbonate (MREC) and mixed rare earth hydroxide (MREH) from Splinter Rock REE project in WA and reached a 6-month high of 5.9c, a lift of 68.6% on the previous close. What makes the results more significant were the low impurities and high payability potential. The results were from heap leach liquor via metallurgical testing conducted by the Australian Nuclear Science and Technology Organisation (ANSTO). MREC of ~56% TREO was produced via a simplified and scalable heap leach and impurity removal process flowsheet while MREH of ~59% TREO was also produced utilising the same process but using sodium hydroxide (NaOH) to precipitate the saleable product. 'This is a significant milestone for OD6 and reinforces Splinter Rock's potential to become a competitive and scalable producer of high-value rare earth products,' MD Brett Hazelden said. 'Our innovative processing pathway – using a combination of nanofiltration, ion exchange and impurity control - has enabled us to produce a high-quality, low-impurity MREC and MREH product that meets or exceeds global benchmarks.' Bayan Mining and Minerals (ASX:BMM) As progress is made at the US projects of Bayan Mining and Minerals the company reached a 12-month high of 13c, a 51.2% increase on the previous close. Comprehensive exploration is progressing at Desert Star project in a prospective REE corridor in California's Mojave Desert. A total of 65 rock chip samples and 30 heavy minerals concentrate samples were submitted to ALS Laboratory in Reno for REE and multi-element analysis as well as gold fire assays with results expected shortly. At Desert Star North exploration is advancing 3km north of the 1.1Moz Colosseum gold mine. The claims are also along the same regional corridor as the Mountain Pass REE mine. Twenty one rock chip samples and 46 heavy mineral concentrate samples were also submitted to ALS with results expected in September. A desktop review of existing geophysical datasets from both projects is underway, leveraging high-resolution airborne magnetic, gravity and radiometric data along with satellite imagery to refine targets. At Bayan Springs South project in Nevada a second phase of fieldwork was completed and assays are anticipated within two weeks. Lion Energy (ASX:LIO) While there was minimal work on Lion Energy Port of Brisbane Green Hydrogen joint venture in the June quarter as a joint development strategy is refined, progress was made at the oil and gas operations in Indonesia. At the hydrogen project the JV received initial EPC cost estimates and continues to develop a strategy to optimise project costs. Hydrogen offtake discussions remain contingent on short-listing an EPC contractor and finalising development-cost assumptions. In Indonesia, production continued at Seram PSC in which Lion holds 2.5%. Gross quarterly production totalled 70,883 bbls of crude oil with Lion's share being 1,772 bbls. LIO also continued engagement on an East Seram PSC farm-in to secure funding for drilling Bula Karang prospect which is scheduled for Q2 of 2026. 'In the East Seram PSC, we continued to progress the high-graded Bula Karang prospect, which we view as a significant play opener,' chairman Tom Soulsby said. 'Across the hydrogen JV, our focus remains squarely on optimising development costs through rigorous EPC cost and risk management.'
ABC News
17 hours ago
- ABC News
ABC appoints Milla McPhee as Director, Audiences
ABC Managing Director Hugh Marks has announced the appointment of Milla McPhee as Director, Audiences. Milla is currently Chief Strategy Officer of Droga5 and Managing Director at Accenture Song. Previously she was Head of Brand and Creative Strategy for Amazon in Europe, leading brand and strategy development across Amazon's global portfolio of brands. Milla is a recognised leader in brand positioning, audience insight and creative strategy. She has helped develop strategies for some of Australia's most complex and trusted brands including NRMA, Telstra, Optus, Tourism Australia, Australia Post and Qantas. Milla McPhee: "It is an extraordinarily rare opportunity to help reflect how a nation sees itself. The ABC is one of our most vital public institutions and enduring cultural icons. Its role as our most trusted source of understanding and shared meaning has never been more essential. "I'm honoured to join the leadership team at such a critical moment for media, creativity, and Australia's cultural identity." Hugh Marks: 'Milla clearly has an incredibly strategic and creative mind that will be invaluable as we continue to strengthen the relationship between the ABC, its programs and services, and all Australians. 'She will bring a unique perspective and audience focused approach to the leadership team, contributing to the ABC's delivery of memorable and distinctive content experiences." Milla starts with the ABC on 8 September 2025. Media contact: Freya Campbell | ABC Communications |
