Resources Top 5: Many Peaks charges to record high on broad, high-grade gold in Côte d'Ivoire
ETM has near-term critical minerals production opportunity in Spain
Dante polymetallic project confirmed as a globally significant critical minerals discovery
Your standout small cap resources stocks for Monday, August 11, 2025
Many Peaks Minerals (ASX:MPK)
Broad, high-grade gold hits from the Ferké gold project in Côte d'Ivoire, including 75m at 6.11g/t from 427m, have seen Many Peaks Minerals charge to a new record of 90c, a lift of 25% on the August 8 close, and the market cap has lifted to about $108.47m.
Extension and infill drilling at Ferké this year reveals that gold grades increase with depth and this along with potential increases in volume – point to the viability of any future bulk tonnage operation.
Many Peaks Minerals (ASX:MPK) has high hopes for the Ouarigue prospect within the larger Ferké project that hosts a >37km corridor of gold anomalism where limited drill testing has occurred to date.
The target is hosted in a tonalite intrusive unit, which is a similar host setting to the multi-million-ounce Bankan and Fekola deposits.
MPK's diamond drilling program was extended from 6,000m to 15,000m earlier this year, with assays from six diamond holes at Ouarigue returning:
75m at 6.11g/t gold from 427m, including 7.07m at 52.9g/t;
87m at 1.50g/t Au from 340m, including 12m at 6.15g/t;
35.85m at 1.77g/t Au from 378.15m, including 10m at 4.14g/t; and
44m at 1.16g/t Au from 135m including 2m at 5.27g/t from 172m.
The program has successfully added material volume to the mineralised intrusion, with gold mineralisation extended down-dip and south along strike.
'High-grade gold intercepts at Ferké, including today's 75m at 6.11g/t, continue to underpin the likelihood of a significant discovery in progress at our flagship project in Côte d'Ivoire,' managing director Travis Schwertfeger said.
'Our team is pleased to see a strong continuity of gold mineralisation in context of a bulk tonnage target at Ouarigue, and we are excited about the significant underground potential the high-grade intercepts represent for continuing exploration upside.'
Diamond drilling continues with two drill rigs active on site enabling the company to complete 46 diamond core holes totalling more than 13,200m completed since the program started in April.
Assays from 22 of these holes for more than 5700m remain pending.
A further 4000m of diamond core drilling is planned as MPK works to define the extent of gold mineralisation.
Energy Transition Minerals (ASX:ETM)
A successful bid announced on August 7 for the Penouta tin-tantalum-niobium mine in Galicia, Spain, not only presents Energy Transition Minerals (ASX:ETM) with a near-term production opportunity, it has seen the company charge ahead on the ASX.
Shares reached a 4-year high of 15c, a 173% increase on the previous close, with more than 116m changing hands valued at more than $13m.
The offer of €5.2million (A$9.2 million) was successful for the mine and processing plant and will see ETM transition into a multi-asset, EU-based operator, expanding its strategy beyond a single asset in Greenland, its Tier-1 Kvanefjeld rare earths project.
Penouta last operated in 2024 and is the only developed tin-tantalum-niobium project in the European Union.
The bid aligns Penouta and ETM with the EU's goal to increase critical mineral production and enhance supply chain security.
ETM said it represented a deep value opportunity, with the mine and processing plant acquired for well below the €28m (A$49.8m) cost of historical investment including processing infrastructure.
ETM managing director Daniel Mamadou said securing the mine was a huge opportunity for the company as it was the only recent producer of the critical metals in Europe.
'This acquisition represents a compelling entry point into a near-term production opportunity for tin, tantalum and niobium, all of which are critical to Europe's industrial and technological ambitions,' he said.
'Importantly, Penouta also stands as the only current source of tantalum and niobium in the European Union, adding a key ethical dimension to sourcing conflict-free critical minerals.
'The upside for tantalum, particularly as an essential input for the semi-conductor industry, further enhances the strategic value of the acquisition.'
Penouta has a Foreign Mineral Resource calculated in 2021 comprising an indicated and measured resource of 76.3Mt grading 149ppm tantalum pentoxide equivalent (443ppm tin and 73ppm tantalum). It also has an inferred 43-101 resource of 57Mt at 129ppm Ta2O5.
Terra Metals (ASX:TM1)
Terra Metals (ASX:TM1) has confirmed the Dante polymetallic project in WA as a globally significant critical minerals discovery after defining a maiden resource with plenty of upside and shares increased 24.64% to 8.6c, a new 12-month high.
The resource of 148Mt grading 14.8% titanium dioxide, 0.54% vanadium pentoxide, 0.18% copper and 0.33% PGE and contains 22Mt TiO2, 800,000t V2O5, 270,000t copper, 400,000oz gold, 880,000oz platinum and 330,000oz palladium.
It includes a high-grade indicated resource of 38Mt at 18.4% TiO2, 0.73% V2O5, 0.23% copper and 0.72g/t 3PGE.
This resource was defined within 12 months of initial discovery and was made at a low discovery cost of 7c per tonne, highlighting the simple, laterally extensive and near-surface nature of the system.
Adding further interest, the resource covers less than 10% of the mapped mineralised trend, which remains open along strike and at depth.
Initial metallurgical testwork using flotation and magnetic separation has also confirmed excellent recoveries and concentrate grades across all key metals – titanium, vanadium, copper, gold and platinum – with optimisation work ongoing.
Dalaroo Metals (ASX:DAL)
Dalaroo Metals (ASX:DAL) has completed a strongly supported placement for $1m with proceeds to progress the next phase of exploration in Cote d'Ivoire as well as its Greenland and WA projects.
Funds will also be used to assess new complementary business opportunities.
There were 35.1m fully paid ordinary shares issued at 2.5c per share with DAL also issuing 11.7m 1:3 free attaching options, exercisable at $0.036 each, expiring on August 23, 2029.
The placement was conducted on an invitation only basis and cornerstoned by existing large
shareholders of the company, Dalaroo's in-country partners in Cote d'Ivoire and all three directors.
Bids received were significantly in excess of the minimum amount sought.
Beacon Minerals (ASX:BCN)
After stage 2 grade control drilling at the Lady Ida gold project in WA returned bonanza-grade intersections, Beacon Minerals (ASX:BCN) reached $1.67, a high of almost six years and a lift of 28.96% on the previous close.
The 298-hole program for 16,506m, the largest RC drill program ever conducted by BCN, was aimed at increasing geological confidence in the Iguana stage 1 pit and results have been received from the first batch of 2,970 assays from multiple mineralised zones.
Significant intersections include:
5m at 39.3g/t Au from 49m, including 1m at 179g/t from 49m;
6m at 46.8g/t Au from 32m, including 2m at 135.5g/t from 32m;
2m at 39.9g/t Au from 41m, including 1m at 75.9g/t from 41m; and
2m at 21.9 g/t Au from 18m.
Beacon expects the remaining 13,536 assay results to be received over the next six to eight weeks.
This article does not constitute financial product advice. You should consider obtaining independent financial advice before making any financial decisions. While Many Peak Minerals and Terra Metals are Stockhead advertisers, they did not sponsor this article.
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News.com.au
9 hours ago
- News.com.au
Resources Top 5: Gold-silver discovery emerges for Godolphin near home of Australia's first gold rush
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News.com.au
9 hours ago
- News.com.au
Closing Bell: ASX navigates uncharted territory, surging on RBA rate cut
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Daily Telegraph
9 hours ago
- Daily Telegraph
ASX soars on Tuesday after RBA cuts cash rate to 3.6 per cent
Don't miss out on the headlines from Business Breaking News. Followed categories will be added to My News. Australia's sharemarket soared to a fresh record high on Tuesday, after a unanimous decision from the Reserve Bank of Australia to slash the cash rate. The benchmark ASX 200 gained 36 points, or 0.41 per cent, to finish the day's trading at 8,880.80. The broader All Ordinaries also finished the day in the green, up 32.70 points or 0.36 per cent to 9,150.30. The Aussie dollar slipped 0.18 per cent to 65.02 US cents. On an overall positive day eight of the 11 sectors finished higher, led by utilities, consumer discretionary, financials and telecommunications. Eight of the 11 sectors finished higher. Picture NewsWire/ Gaye Gerard. JB Hi-Fi was among the major winners up 6 per cent to $113.85, Aristocrat Leisure was up 1.2 per cent to $70.17 and Breville Group gained 1.32 per cent to $35.24. The big four banks also finished in the green. CBA gained 0.11 per cent to $178.80, NAB jumped 0.95 per cent to $39.19, Westpac gained 0.93 per cent to $34.63 and ANZ outperformed the rest up 2.2 per cent to $31.93. Telstra group closed flat at $4.98, while Car Group soared 5.03 per cent to $39.07 and EVT Limited gained 0.47 per cent to $17.02. Shares jumped during the afternoon's trading following the announcement from the Reserve Bank of Australia cut interest rates from 3.85 to 3.6 per cent. While the move was widely anticipated, financial markets are now pricing at least one more interest rate cut in 2025. IG market analyst Tony Sycamore said share and money markets moved on the assumption of multiple rate cuts. 'Following the RBA decision, the Australian interest rate market is almost fully priced for additional 25 basis point rate cuts in November and March 2026, which would bring the cash rate back to around 3.1 per cent, considered near 'neutral', where rates are neither restrictive nor contractionary.' ASX gains on the back of the RBA rate cut. Picture: NewsWire / Jeremy Piper AMP chief economist Shane Oliver agreed, saying 'expect further gradual easing to 2.85 per cent'. 'The RBA now sees growth recovering more slowly,' he said. 'But with growth forecast to run below potential – judged to be around 2 per cent per annum – until mid next year the risk is that this results in a rising trend in the unemployment rate in the near term, rather than a flat trend as the RBA is forecasting.' In company news, Star Entertainment shares soared 23.60 to $0.11 after announcing it will offload its Brisbane Queen's Wharf precinct for $53m. While Star won't get a large cash injection, the deal eases the burden on the business which would have to cough up its share of the $1.4bn debt tied to the precinct. Shares in Life360 also soared 7.8 per cent to $40.77 after reporting second quarter revenue jumped 36 per cent to $115.4m. Seven West Media shares slumped 6.67 per cent to $0.14 after profits slumped 63 per cent to $16.6m for the 2025 financial year. SkyCity Entertainment closed 0.6 per cent higher to $0.90 after telling the market its Adelaide casino has been found suitable to retain its licence. Originally published as 'Gradual easing': RBA rate call helped lift ASX to record high
