Hot Money Monday: Elsight's hot streak continues as Halo becomes a battlefield essential
Halo racks up $22.9m in deals from one customer alone
Battle-tested comms box becomes must-have for drones
With tensions between Iran and Israel at boiling point, defence tech is once again back in the spotlight.
And if you've been watching the ASX small cap space over the past month, you'll know Elsight (ASX:ELS) has been on an absolute tear.
The stock has been a standout tech performer, up by 140% in the last 30 days.
And it's not without reason.
While some stocks rally on hype, Elsight's run is being driven by something much more tangible: contracts. Real ones. Deals that add zeroes to revenues and turn defence buyers into repeat customers.
Driving all this momentum is its flagship, Halo – a smart little box that's quickly becoming the must-have nervous system for unmanned defence platforms across the globe.
Halo isn't a drone. It doesn't fly, shoot or spy. What it does is make sure everything that does fly, shoot or spy stays connected.
For autonomous systems, especially Beyond Visual Line of Sight (BVLOS) missions, stable, real-time communication is everything. Drop the link and it's game over, literally.
Halo solves that problem. It's a compact, lightweight, carrier-agnostic connectivity device that blends 4G, 5G, satellite, and radio frequency links into one seamless, always-on connection.
If one network drops out, Halo reroutes traffic across another before anyone even notices.
And it doesn't just react, it predicts. Thanks to what Elsight calls its '6th Sense' AI, the system constantly monitors signal quality and reroutes data in real-time to avoid interruptions.
And the tech is battle-proven. Halo has clocked over 200,000 flight hours, with its AES-256 encryption ensuring secure, mission-critical comms. In contested environments, where reliability and cybersecurity are non-negotiable, Halo has earned its stripes.
So it's no surprise defence customers are doubling, even tripling, down.
Winning deals
Since March, Elsight has been stacking contract wins, all with one European defence OEM.
What started as a modest production order of around US$300,000 has now exploded into a full-blown rollout across 2025.
That first March deal was the warm-up. Then came a US$4.28 million order in April, followed by US$5.35 million in May.
And on June 4, Elsight locked in another US$5.08 million, bringing the total 2025 commitment from this single customer to US$14.7 million, or around $22.9 million.
That's a sixfold jump on last year's revenue, all from one relationship that's still growing.
'This new order is an even stronger signal of market validation, not only from our direct customer but from the multiple defence end-users now relying on Halo across operational theatres,' said Yoav Amitai, the CEO of Elsight.
But this isn't just a one-off spike or some flashy headline.
The OEM is buying more Halo units because their own clients are stacking up; each new downstream customer is demanding Halo installed into their unmanned systems.
And that kind of momentum feeds itself.
The more platforms Halo lands on, the more entrenched it becomes. And in defence, once your tech is trusted and embedded, it tends to stay put for a long, long time.
Battlefield proven
The macro picture supports this shift too. Modern warfare is increasingly being shaped by unmanned platforms.
They're cheaper, faster, and can go where humans can't. They're immune to fatigue, unaffected by G-forces, and don't come with the political baggage of sending soldiers into harm's way.
But all of that hinges on one simple truth - you need a rock-solid, always-on link between the platform and the operator. Lose that, and your cutting-edge drone is just a fancy brick falling out of the sky.
'As our technology proves how it enables mission success, it spreads," said Amitai.
'This battlefield-proof growth reflects the deep confidence partners place in Elsight's ability to deliver resilient, always-on connectivity for the most demanding unmanned applications in contested environments.'
Other ASX defence-related stocks
Code Name Last Month change Year change Market Cap
ELS Elsight Ltd 1.350 141% 193% $245,350,635
EOS Electro Optic Sys. 2.790 89% 111% $538,336,356
1CG One Click Group Ltd 0.009 50% -10% $10,600,919
DRO Droneshield Limited 1.810 47% 16% $1,582,915,326
HCL Highcom Ltd 0.240 30% 78% $24,643,841
ASB Austal Limited 6.240 28% 164% $2,628,163,475
3DA Amaero Ltd 0.340 26% -11% $234,735,550
OEC Orbital Corp Limited 0.110 18% 26% $18,125,769
CDA Codan Limited 19.700 16% 73% $3,576,945,587
BCT Bluechiip Limited 0.003 0% -25% $3,616,878
TTT Titomic Limited 0.290 -2% 258% $384,469,935
BIS Bisalloy Steel 3.260 -3% -17% $156,165,739
BRN Brainchip Ltd 0.205 -7% -5% $415,277,056
AL3 Aml3D 0.135 -10% 108% $72,594,980
AJX Alexium Int Group 0.007 -13% -30% $11,105,001
DroneShield (ASX:DRO) builds the tech that spots rogue drones and knocks them out of the sky. Used by militaries, airports, and critical infrastructure, it's a modern-day drone alarm system, supercharged with AI wizardry.
Electro Optic Systems (ASX:EOS) designs remote-controlled weapons and high-tech optical gear for defence and space. If you've seen those gun turrets that track targets automatically – yep, that's them.
Orbital Corporation (ASX:OEC) makes the engines that keep tactical drones in the air. Based in WA but supplying the US defence market, its job is to make sure these little aircraft fly further, longer, and without fail.
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Winners and losers CODE COMPANY PRICE WEEK % MONTH % 6 MONTH %% YEAR % YTD % MARKET CAP MRR Minrex Resources Ltd 0.008 -6% 0% 0% -6% 14% $ 9,763,807.53 NPM Newpeak Metals 0.02 0% -23% 33% 43% 82% $ 6,582,866.48 MTC Metalstech Ltd 0.175 25% 25% 59% -10% 25% $ 38,859,618.00 GED Golden Deeps 0.036 38% 71% 50% 20% 44% $ 5,845,148.13 G88 Golden Mile Res Ltd 0.009 0% -10% 0% -10% 0% $ 4,353,982.84 LAT Latitude 66 Limited 0.036 6% -10% -51% -62% -5% $ 4,875,623.97 NMR Native Mineral Res 0.135 -4% -16% 101% 611% 246% $ 132,119,373.92 AQX Alice Queen Ltd 0.004 0% 0% -43% -43% -50% $ 4,154,088.57 SLZ Sultan Resources Ltd 0.006 0% 20% -25% 0% 0% $ 1,566,501.38 KSN Kingston Resources 0.13 -2% -7% 57% 78% 83% $ 113,405,451.71 AMI Aurelia Metals Ltd 0.19 -3% -3% -21% 6% 12% $ 313,125,938.40 GIB Gibb River Diamonds 0.046 -2% 31% 24% 18% 15% $ 10,081,943.92 KCN Kingsgate Consolid. 2.91 7% 12% 119% 117% 126% $ 729,437,288.36 TMX Terrain Minerals 0.003 20% 50% -40% 0% 0% $ 7,595,442.82 BNR Bulletin Res Ltd 0.048 -8% -23% 26% 2% 23% $ 14,093,439.50 NXM Nexus Minerals Ltd 0.06 -2% -12% 2% 62% 33% $ 35,621,817.17 SKY SKY Metals Ltd 0.074 1% 14% 48% 131% 37% $ 60,218,873.00 LM8 Lunnonmetalslimited 0.26 -2% 18% 18% 73% 4% $ 56,260,184.37 CST Castile Resources 0.07 15% 23% 0% -1% -13% $ 21,402,400.60 YRL Yandal Resources 0.145 -12% -26% -28% 4% -17% $ 49,477,597.12 FAU First Au Ltd 0.0055 10% 38% 175% 175% 175% $ 13,840,665.89 ARL Ardea Resources Ltd 0.4 -5% -5% -2% -10% 21% $ 86,269,295.15 GWR GWR Group Ltd 0.115 10% 15% 32% 40% 44% $ 37,214,765.33 IVR Investigator Res Ltd 0.027 8% -4% 8% -33% 35% $ 46,783,248.60 GTR Gti Energy Ltd 0.004 33% 0% 33% 33% 14% $ 11,167,964.42 IPT Impact Minerals 0.009 0% 50% -5% -27% -5% $ 37,019,969.71 BNZ Benzmining 1.08 30% 83% 143% 700% 213% $ 195,267,871.35 MOH Moho Resources 0.004 -20% -20% 0% -11% -20% $ 2,981,656.11 MRZ Mont Royal Resources 0.041 0% 0% 0% -23% -5% $ 3,486,221.51 SMS Starmineralslimited 0.044 83% 63% 38% 43% 22% $ 8,232,692.73 MVL 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5% -6% 41% 72% 53% $ 645,915,281.06 KAL Kalgoorliegoldmining 0.038 0% -17% -55% 58% 111% $ 14,507,868.84 MLS Metals Australia 0.02 0% 18% -5% 0% -13% $ 13,845,670.96 SRN Surefire Rescs NL 0.0015 -25% -25% -49% -70% -49% $ 5,635,288.88 WA8 Warriedarresourltd 0.155 3% 41% 210% 172% 252% $ 178,189,257.75 HMX Hammer Metals Ltd 0.0255 -2% -6% -20% -31% -23% $ 23,081,726.20 WCN White Cliff Min Ltd 0.026 4% 13% 37% 86% 63% $ 60,959,653.65 AVM Advance Metals Ltd 0.038 -12% -5% -31% 90% 12% $ 11,902,040.32 ASR Asra Minerals Ltd 0.002 0% 0% -33% -64% -33% $ 6,000,297.01 ARI Arika Resources 0.042 14% 14% 12% 110% 56% $ 34,460,975.64 CTO Citigold Corp Ltd 0.004 0% 0% 0% -20% 0% $ 12,000,000.00 SMI Santana Minerals Ltd 0.6 -5% 5% 1% 35% 24% $ 448,085,578.50 M2R Miramar 0.004 0% -20% 0% -33% 33% $ 3,987,293.14 MHC Manhattan Corp Ltd 0.023 -4% 15% 15% 15% 21% $ 12,819,593.31 GRL Godolphin Resources 0.015 25% 50% -12% 15% 3% $ 6,284,226.37 SVG Savannah Goldfields 0.019 19% -10% -17% -28% 3% $ 19,406,809.66 EMC Everest Metals Corp 0.11 -8% -24% -33% -12% -19% $ 25,775,094.33 GUL Gullewa Limited 0.071 3% 3% 27% 9% 27% $ 15,479,574.21 CY5 Cygnus Metals Ltd 0.088 -2% 4% -39% 57% -12% $ 94,630,333.84 G50 G50Corp Ltd 0.285 -15% 54% 73% 84% 84% $ 41,755,391.34 ADV Ardiden Ltd 0.165 6% 6% 3% 32% 22% $ 10,315,388.49 AAR Astral Resources NL 0.17 3% 13% 26% 136% 26% $ 235,541,611.80 VMC Venus Metals Cor Ltd 0.098 -2% -20% 11% 46% 46% $ 19,612,868.30 NAE New Age Exploration 0.003 0% -14% -40% -33% -14% $ 8,117,734.22 VKA Viking Mines Ltd 0.006 -25% -14% -25% -25% -25% $ 9,407,641.24 LCL LCL Resources Ltd 0.006 -14% 0% -25% -14% -40% $ 7,195,542.91 MTH Mithril Silver Gold 0.52 6% 5% 41% 352% 30% $ 94,433,132.66 ADG Adelong Gold Limited 0.005 -17% -9% -17% 25% 11% $ 11,243,383.37 RMX Red Mount Min Ltd 0.009 0% 0% 13% -10% 0% $ 4,643,996.33 PRS Prospech Limited 0.022 -4% 0% -15% -37% -24% $ 8,334,169.51 TTM Titan Minerals 0.41 21% 22% -12% -12% 8% $ 106,889,339.46 AKA Aureka Limited 0.094 -2% 3% -48% -99% -30% $ 11,974,776.70 AAM Aumegametals 0.037 -3% 32% -20% -18% -12% $ 21,817,825.09 KZR Kalamazoo Resources 0.135 23% 50% 67% 121% 82% $ 30,760,045.55 BCN Beacon Minerals 1.71 32% 61% 64% 78% 94% $ 180,680,629.77 MAU Magnetic Resources 1.37 -11% -3% 2% -12% 24% $ 368,970,633.63 BC8 Black Cat Syndicate 0.885 1% 8% 17% 164% 57% $ 626,233,855.26 EM2 Eagle Mountain 0.006 0% 0% -25% -85% -33% $ 6,810,223.73 EMR Emerald Res NL 3.53 -1% -4% -16% -2% 9% $ 2,296,069,628.04 BYH Bryah Resources Ltd 0.005 11% -29% 25% 0% 67% $ 5,142,662.66 HCH Hot Chili Ltd 0.675 11% 3% -11% -15% -3% $ 99,529,481.54 WAF West African Res Ltd 2.77 4% 20% 55% 102% 93% $ 3,112,103,955.87 MEU Marmota Limited 0.043 16% 10% -22% 8% 10% $ 48,310,537.39 NVA Nova Minerals Ltd 0.295 -13% -2% -8% 119% -20% $ 120,450,425.10 SVL Silver Mines Limited 0.125 0% -11% 39% -19% 60% $ 251,353,847.04 PGD Peregrine Gold 0.285 2% 50% 128% 54% 104% $ 25,454,322.30 ICL Iceni Gold 0.074 20% 9% -19% 68% 4% $ 23,001,192.93 FG1 Flynngold 0.029 0% -6% -3% 4% 16% $ 11,348,177.63 WWI West Wits Mining Ltd 0.033 32% 65% 120% 136% 136% $ 92,577,777.29 RML Resolution Minerals 0.057 -10% 27% 533% 185% 375% $ 69,205,352.22 AAJ Aruma Resources Ltd 0.009 20% 13% -10% -40% -25% $ 2,951,464.73 HWK Hawk Resources. 0.015 -12% -17% -42% -44% -32% $ 4,334,871.18 GMN Gold Mountain Ltd 0.063 3% -58% -50% -64% -58% $ 7,448,868.97 MEG Megado Minerals Ltd 0.031 -18% -3% 138% 196% 82% $ 19,370,497.86 HMG Hamelingoldlimited 0.051 -6% -24% -19% -47% -20% $ 10,906,696.41 BM8 Battery Age Minerals 0.085 25% 52% 8% -29% -19% $ 11,536,938.55 TBR Tribune Res Ltd 4.8 3% 0% -3% 25% 12% $ 246,599,961.90 FML Focus Minerals Ltd 0.43 13% 19% 105% 207% 153% $ 106,026,698.65 VRC Volt Resources Ltd 0.005 25% 25% 67% 67% 67% $ 18,739,397.64 ARV Artemis Resources 0.005 25% -17% -50% -44% -38% $ 11,462,688.66 HRN Horizon Gold Ltd 0.485 0% -1% -8% 71% 2% $ 73,700,963.43 CLA Celsius Resource Ltd 0.007 0% 17% -36% -46% -36% $ 18,812,930.71 QML Qmines Limited 0.055 2% 20% 6% 2% 2% $ 26,441,029.72 RDN Raiden Resources Ltd 0.004 0% 0% -50% -83% -64% $ 13,803,565.77 TCG Turaco Gold Limited 0.495 3% 1% 36% 96% 94% $ 525,284,633.50 KCC Kincora Copper 0.065 14% 12% 110% 35% 141% $ 15,461,327.90 GBZ GBM Rsources Ltd 0.031 -6% 55% 288% 343% 288% $ 127,349,172.32 DTM Dart Mining NL 0.0025 -17% -17% -58% -82% -72% $ 2,995,138.95 MKR Manuka Resources. 0.046 2% -6% 68% 62% 68% $ 49,007,703.24 AUC Ausgold Limited 0.615 1% 3% 34% 73% 46% $ 256,353,611.69 ANX Anax Metals Ltd 0.006 -14% -25% -45% -68% -50% $ 5,296,845.40 EMU EMU NL 0.023 5% -15% -23% 21% -15% $ 4,858,714.76 SFM Santa Fe Minerals 0.245 2% 2% 562% 581% 690% $ 17,840,603.31 PNR Pantoro Gold Limited 4.31 6% 46% 69% 141% 182% $ 1,689,361,596.78 CMM Capricorn Metals 9.88 1% 6% 24% 66% 57% $ 4,183,827,726.20 VRL Verity Resources 0.024 0% -4% 54% -38% 23% $ 6,711,131.23 HAW Hawthorn Resources 0.053 2% -4% 15% -13% 29% $ 17,420,811.88 BGD Bartongoldholdings 0.795 -2% 6% 152% 231% 224% $ 176,342,429.05 SVY Stavely Minerals Ltd 0.0125 -17% -31% -40% -48% -26% $ 8,836,832.97 AGC AGC Ltd 0.18 3% 16% 29% -35% 16% $ 47,177,499.96 RGL Riversgold 0.004 14% -20% -20% 0% 0% $ 6,734,850.37 TSO Tesoro Gold Ltd 0.035 13% 13% 30% 25% 75% $ 70,513,947.25 GUE Global Uranium 0.064 3% 3% -23% 19% 7% $ 29,104,299.07 CPM Coopermetalslimited 0.057 8% 50% 24% -16% 24% $ 4,466,272.05 MM8 Medallion Metals. 0.315 13% 21% 91% 443% 163% $ 171,292,801.40 FFM Firefly Metals Ltd 1.185 11% 10% 15% 59% 28% $ 787,450,346.83 CBY Canterbury Resources 0.021 -13% -16% -25% -43% -5% $ 4,356,258.82 SLA Solara Minerals 0.23 -2% 35% 67% -12% 156% $ 15,104,879.87 SFR Sandfire Resources 12.18 7% 10% 12% 48% 31% $ 5,366,550,043.40 TAM Tanami Gold NL 0.057 -2% -10% 90% 97% 90% $ 68,155,628.67 NWM Norwest Minerals 0.014 8% 0% 36% -26% 17% $ 14,421,497.31 ALK Alkane Resources Ltd 0.88 6% 29% 38% 102% 73% $ 1,139,672,848.61 BMO Bastion Minerals 0.0015 0% 0% -52% -73% -52% $ 3,307,429.64 IDA Indiana Resources 0.044 22% 22% 38% 112% 72% $ 27,680,495.69 GSM Golden State Mining 0.008 0% 0% -11% -33% 0% $ 2,234,965.04 NSM Northstaw 0.032 3% -6% 62% 164% 102% $ 10,910,312.64 GSN Great Southern 0.027 8% -4% 23% 64% 80% $ 27,910,520.12 VAU Vault Minerals Ltd 0.43 2% 8% 4% 21% 30% $ 2,891,051,187.35 CDR Codrus Minerals Ltd 0.027 35% 0% 35% -7% 59% $ 5,581,828.23 MDI Middle Island Res 0.021 11% 11% 24% 62% 75% $ 5,571,445.45 WTM Waratah Minerals Ltd 0.72 11% 132% 251% 78% 365% $ 188,927,950.50 POL Polymetals Resources 0.77 -3% 1% -4% 208% -3% $ 205,546,997.10 RDS Redstone Resources 0.0045 13% 13% 50% 13% 80% $ 4,137,069.42 NAG Nagambie Resources 0.014 -18% -13% -7% 40% -22% $ 11,642,930.48 BGL Bellevue Gold Ltd 0.875 -2% -3% -31% -36% -22% $ 1,316,007,582.45 GBR Greatbould Resources 0.06 3% -9% -6% 22% 40% $ 53,315,686.50 KAI Kairos Minerals Ltd 0.025 -4% -17% 32% 150% 108% $ 69,816,383.57 KAU Kaiser Reef 0.175 6% -5% 9% 13% 9% $ 100,902,845.50 HRZ Horizon 0.049 -2% -4% -32% 23% 23% $ 138,665,581.63 CDT Castle Minerals 0.06 0% -3% -33% -43% 0% $ 6,960,574.20 RSG Resolute Mining 0.72 10% 7% 106% 13% 82% $ 1,490,787,209.10 EVN Evolution Mining Ltd 8.01 7% 6% 26% 97% 67% $ 15,987,862,581.52 CXU Cauldron Energy Ltd 0.008 -6% -20% -29% -56% -32% $ 14,329,288.06 DLI Delta Lithium 0.165 0% -6% -8% -21% -3% $ 118,343,245.68 ALY Alchemy Resource Ltd 0.0055 0% 10% -31% -8% -21% $ 5,890,381.28 NH3 Nh3Cleanenergyltd 0.063 3% 15% 250% 294% 250% $ 40,055,122.44 OBM Ora Banda Mining Ltd 0.705 3% 0% -30% 57% 8% $ 1,280,996,523.56 AVW Avira Resources Ltd 0.007 0% 0% -22% -65% -65% $ 1,610,000.00 LCY Legacy Iron Ore 0.0085 -6% 6% -15% -41% -15% $ 82,977,361.96 PDI Predictive Disc Ltd 0.455 1% 7% 32% 133% 98% $ 1,193,222,910.88 MAT Matsa Resources 0.073 -1% 14% 38% 192% 109% $ 55,480,692.73 ZAG Zuleika Gold Ltd 0.022 -4% 38% 83% 83% 69% $ 16,431,358.39 GML Gateway Mining 0.027 0% 2% 13% 29% 29% $ 10,629,327.67 SBM St Barbara Limited 0.355 15% 22% 45% 65% 58% $ 378,996,219.35 SBR Sabre Resources 0.011 10% 22% 22% -15% 10% $ 3,944,619.33 STK Strickland Metals 0.15 7% 0% 114% 43% 76% $ 328,042,170.57 CEL Challenger Gold Ltd 0.11 15% 28% 104% 150% 134% $ 206,675,918.90 GG8 Gorilla Gold Mines 0.4 -11% 14% 63% 279% 54% $ 264,952,695.26 NST Northern Star 18.32 5% 11% -1% 29% 19% $ 25,713,874,782.00 OZM Ozaurum Resources 0.067 -7% -26% -46% 52% 123% $ 15,808,029.24 TG1 Techgen Metals Ltd 0.02 5% -19% -42% -30% -40% $ 3,173,314.20 XAM Xanadu Mines Ltd 0.08 1% 1% 60% 45% 63% $ 183,296,895.12 AQI Alicanto Min Ltd 0.026 -7% 0% -33% 73% -30% $ 23,748,003.33 KTA Krakatoa Resources 0.015 25% 36% 67% 36% 58% $ 11,627,010.38 ARN Aldoro Resources 0.325 -7% -7% 3% 333% -14% $ 70,761,375.75 WGX Westgold Resources. 3.09 7% 9% 22% 6% 9% $ 2,840,444,027.12 MBK Metal Bank Ltd 0.01 -17% -9% -38% -40% -33% $ 5,969,507.98 A8G Australasian Metals 0.088 24% 31% 28% 1% 11% $ 4,225,949.93 TAR Taruga Minerals 0.01 11% 43% 0% 67% 0% $ 7,137,540.58 DTR Dateline Resources 0.19 58% 92% 6233% 3700% 5329% $ 639,838,858.00 GOR Gold Road Res Ltd 3.31 0% 4% 27% 86% 61% $ 3,595,980,888.60 S2R S2 Resources 0.084 20% 22% 20% -24% 25% $ 42,123,399.28 NES Nelson Resources. 0.003 0% 0% 0% 0% 0% $ 6,515,782.98 TLM Talisman Mining 0.145 -6% 0% -26% -34% -29% $ 29,189,654.10 BEZ Besragoldinc 0.04 -13% -17% -32% -60% -56% $ 16,619,928.20 PRU Perseus Mining Ltd 3.6 1% 0% 27% 45% 40% $ 4,820,209,060.04 SPQ Superior Resources 0.005 0% 0% -29% -38% -17% $ 14,225,896.35 PUR Pursuit Minerals 0.063 -3% -16% -14% -58% -34% $ 6,558,540.95 RMS Ramelius Resources 2.81 0% 15% 6% 38% 36% $ 5,315,905,975.32 PKO Peako Limited 0.003 20% 20% 0% -25% 0% $ 4,463,225.88 RKB Rokeby Resources Ltd 0.011 -21% 10% 57% 175% 120% $ 19,618,333.68 A1G African Gold Ltd. 0.275 22% 17% 244% 1046% 400% $ 147,525,832.16 NMG New Murchison Gold 0.019 6% 12% 58% 280% 111% $ 188,599,272.28 GNM Great Northern 0.016 0% 14% 7% 45% 14% $ 2,474,065.23 KRM Kingsrose Mining Ltd 0.042 0% 20% 14% 8% 20% $ 30,894,587.28 BTR Brightstar Resources 0.395 -8% -19% -28% -1% -21% $ 228,804,504.85 RRL Regis Resources 4.51 4% 0% 40% 175% 77% $ 3,340,651,487.68 M24 Mamba Exploration 0.013 0% -7% -13% 30% 8% $ 4,279,901.35 TRM Truscott Mining Corp 0.05 0% 2% -33% -17% -36% $ 9,784,428.00 TNC True North Copper 0.355 -3% -12% -11% -91% -88% $ 46,494,717.62 KNB Koonenberrygold 0.04 -2% -23% 25% 208% 233% $ 40,063,140.51 AWJ Auric Mining 0.165 -6% -8% -46% -25% -51% $ 30,686,881.83 ENR Encounter Resources 0.33 14% 18% 32% -32% 2% $ 172,083,350.06 SNG Siren Gold 0.059 7% 18% -5% 5% -9% $ 12,262,354.10 STN Saturn Metals 0.435 6% 7% 71% 142% 112% $ 202,426,497.68 USL Unico Silver Limited 0.39 -3% -8% 77% 129% 100% $ 172,987,783.23 PNM Pacific Nickel Mines 0.024 0% 0% 0% 0% 0% $ 10,103,834.52 AYM Australia United Min 0.002 -20% -33% -33% -33% -50% $ 3,685,154.97 HAV Havilah Resources 0.18 -8% -3% -12% 0% -20% $ 62,066,133.36 SPR Spartan Resources 2.13 0% 7% 58% 69% 51% $ 2,847,436,934.76 PNT Panthermetalsltd 0.008 -20% -27% 0% -68% -27% $ 3,009,045.48 MEK Meeka Metals Limited 0.145 7% 4% 21% 169% 88% $ 408,198,723.80 GMD Genesis Minerals 4.32 8% 5% 31% 96% 75% $ 4,770,912,800.54 PGO Pacgold 0.064 3% 2% 7% -39% -15% $ 14,478,411.01 FEG Far East Gold 0.185 6% 9% 9% 23% 3% $ 66,064,941.54 MI6 Minerals260Limited 0.13 13% 13% 0% 0% 0% $ 258,416,666.63 IGO IGO Limited 5.45 15% 14% 14% 8% 14% $ 4,066,528,155.81 GAL Galileo Mining Ltd 0.145 -3% -3% 12% -9% 16% $ 28,655,614.42 RXL Rox Resources 0.31 0% 0% 38% 121% 55% $ 227,794,202.59 PTN Patronus Resources 0.061 -2% -9% -6% 9% 24% $ 101,518,663.85 CLZ Classic Min Ltd 0.001 0% 0% 0% 0% 0% $ 3,017,699.21 TGM Theta Gold Mines Ltd 0.17 3% -6% 6% 21% -6% $ 163,786,723.63 FAL Falconmetalsltd 0.8 23% 80% 493% 181% 596% $ 111,861,103.41 SPD Southernpalladium 0.655 -5% 9% 66% 63% 9% $ 66,843,750.00 ORN Orion Minerals Ltd 0.011 0% 10% -21% -27% -27% $ 80,097,996.76 TMB Tambourahmetals 0.041 11% 86% 46% -7% 95% $ 7,115,469.89 TMS Tennant Minerals Ltd 0.006 -8% 0% -56% -70% -33% $ 7,461,232.91 AZY Antipa Minerals Ltd 0.57 6% 4% 58% 396% 119% $ 359,342,926.82 PXX Polarx Limited 0.018 0% 80% 100% 125% 177% $ 40,383,516.63 TRE Toubani Res Ltd 0.33 -14% 14% 144% 89% 94% $ 115,830,536.58 AUN Aurumin 0.093 -5% 0% 41% 166% 41% $ 47,530,364.57 GPR Geopacific Resources 0.03 3% 0% 30% 34% 50% $ 95,473,959.78 FXG Felix Gold Limited 0.18 3% 20% 0% 463% 114% $ 74,610,077.87 ILT Iltani Resources Lim 0.205 11% 3% -13% 14% 0% $ 14,506,976.44 BRX Belararoxlimited 0.092 15% 51% -46% -66% -47% $ 17,009,892.59 TM1 Terra Metals Limited 0.076 15% 62% 162% 69% 171% $ 36,798,066.38 TOR Torque Met 0.305 5% 97% 205% 177% 475% $ 150,074,486.90 ARD Argent Minerals 0.022 0% -12% -15% 57% 29% $ 31,815,090.56 LM1 Leeuwin Metals Ltd 0.145 -15% 12% 12% 84% 4% $ 15,624,989.52 SX2 Southgold Consol 5.91 7% -2% 58% 0% 0% $ 844,986,696.00 UVA Uvrelimited 0.12 -8% -4% 46% 33% 35% $ 21,810,727.62 VTX Vertexmin 0.235 9% 1% -25% 187% 13% $ 51,016,619.48 JAV Javelin Minerals Ltd 0.003 50% 50% 0% 100% 0% $ 18,756,674.66 OMX Orangeminerals 0.077 4% 7% 141% 196% 166% $ 12,104,753.16 Gold medal performers Who were some of the top precious metals names this week? Star Minerals (ASX:SMS) It was a quiet week for the Mid West WA gold explorer, which is planning to start mining at the small Tumblegum South gold project in the first quarter of 2026. That could be a tidy little money spinner, with pre-production costs of just $700,000 to $1.5 million predicted on a mine that would generate $9.4-19.6m in cash flow on just 11,800-15,900oz of gold production. And that's at prices ranging from $3000-3800/oz, well below current levels. Mining approvals are in train, with the new streamlined process for small mining operations under the Mining Amendment Act 2022 to come into effect with the laws on September 9 this year. There was a touch of intrigue this week, with Star's creeping share price prompting a trading halt on Thursday. It's due to end on Monday when Star exits the halt to respond to not only the speeding ticket, but also with some much anticipated RC drilling results. Only time will tell what's in store. Dateline Resources (ASX:DTR) Yet more enthusiasm for Donald Trump's (apparent) favourite ASX name this week, having ridden the wave of support from the US Department of Defense and Apple for the nearby Mountain Pass rare earths mine higher this year. Its 1.1Moz Colosseum gold mine in California sits around 10km from MP Materials. It doesn't have any rare earths resources yet, in spite of what commentary from the States and the frightfully named Truth Social might have you believe. But DTR did confirm some high priority rare earths drilling targets in a 3D magnetotelluric survey, identifying a large resistive anomaly with signatures characteristic of carbonatite hosted REE systems. Dateline, too, copped a speeding ticket this week, telling the ASX there was no new info to report outside the Monday announcement on the MT survey. We're now talking a $640m market cap and +5300% gain for DTR this year so far. Good if you can get it.
