Latest news with #Bullabulling
Yahoo
15-05-2025
- Business
- Yahoo
Vox Royalty Announces Q1 2025 Financial Results, Increases 2025 Revenue Guidance and Declares Quarterly Dividend
DENVER, COLORADO / / May 15, 2025 / Vox Royalty Corp. (TSX:VOXR)(NASDAQ:VOXR)("Vox" or the "Company"), a returns focused mining royalty company, is pleased to announce its operating and financial results for the first quarter ended March 31, 2025. All amounts in U.S. dollars unless otherwise indicated. Kyle Floyd, Chief Executive Officer, stated: "Vox's first quarter performance continues to demonstrate the strength of our producing royalty portfolio, with consistent revenue generation underpinned by organic growth across our gold royalty assets. Recent record gold prices of over A$5,300/ounce are fast-tracking the development and production timelines of several Western Australian projects, driving potential near-term cash flow upside. We are excited for numerous expected gold project catalysts during the quarter ahead, including the ownership change and fast-tracking at the Bullabulling gold project and ramp of mining at Plutonic East, Boundary and Castle Hill gold deposits. In parallel, our recent acquisition of the producing Kanmantoo copper-gold royalty in South Australia further enhances our near-term revenue growth profile and diversification while maintaining our industry leading weighting to Australian royalty assets." Increased 2025 Outlook and Guidance The operational performance of the Vox portfolio during the first quarter was in line with management expectations. Management anticipates that the Company's newly producing gold assets will continue to increase production and processing over the coming quarters. On February 20, 2025, Vox estimated that 2025 royalty revenue guidance would be in the range of $12 million to $14 million. Following the acquisition of the Kanmantoo royalty and factoring in expected revenue associated therewith, Vox now estimates 2025 royalty revenue to total $13 million to $15 million. Management's revised 2025 outlook on royalty revenue is based on publicly available information of the owners or operators of projects on which the Company has a royalty interest and which management believes to be reliable. When publicly available forecasts on properties are not available, management seeks to obtain internal forecasts from the owners or operators, if available, or generates internal best estimates based on the information available. First Quarter 2025 Highlights Balance sheet position at quarter end includes: Cash and accounts receivable of $12,052,091. Working capital of $9,653,494. Significant operator updates during the quarter, including: On January 14, 2025, the Company noted the proposed acquisition of the royalty-linked Bullabulling gold project (1.4Moz Indicated, 0.9Moz Inferred) by Minerals 260 Limited from Norton Gold Fields Pty Ltd for A$165.5 million. On March 14, 2025, the Company noted the commencement of first stoping ore at the Plutonic East underground gold mine by Catalyst Metals in Western Australia. Generated cash flows from operations of $1,038,814 for the three months ended March 31, 2025, compared to $1,212,154 in Q1 2024. Q1 2025 revenue of $2,680,194 compared to $2,882,512 in Q1 2024. On February 20, 2025, increased quarterly cash dividend to $0.0125 per common share. This marks the third consecutive annual increase for Vox shareholders. On March 12, 2025, the Company approved the renewal of a share repurchase program of up to $1.5 million of Vox common shares. Subsequent to quarter end: On May 14, 2025, the Company initiated a draw down of $11.7 million under the BMO facility. The proceeds of the draw down were allocated to the purchase of the Kanmantoo royalty acquisition. On May 15, 2025, the Company completed the acquisition of a cash-flowing royalty over the producing Kanmantoo copper-gold mine in South Australia (the "Kanmantoo Royalty"), from a private Australian company for total cash consideration of $11.7 million. The Kanmantoo Royalty is a 2.5% NSR, payable monthly, stepping down to a 0.50% NSR after reaching cumulative production of 85,000t copper (approximately 72,435t remaining as at 30 April 2025). Summary of Quarterly Results Three months ended March 31, 2025 Three months ended March 31, 2024 $ $ Statement of Cash Flows Cash flows from operating activities 1,038,814 1,212,154 Income Statement Revenue 2,680,194 2,882,512 Gross profit 1,895,072 2,414,139 Operating expenses (1,791,541 ) (1,803,625 ) Income from operations 103,531 610,514 Interest and finance expenses(1) (85,388 ) (73,705 ) Other income(2) 73,733 (36,094 ) Income tax expense - current and deferred (451,016 ) (742,102 ) Net loss (359,140 ) (241,387 ) Loss per share - basic and diluted (0.01 ) (0.00 ) Dividends declared per share 0.0125 0.0120 (1) Interest and finance expenses comprise BMO credit facility finance charges.(2) Other income comprises interest income and foreign exchange differences. For complete details, please refer to the unaudited condensed interim consolidated financial statements and associated Management Discussion and Analysis for the three months ended March 31, 2025, available on SEDAR+ ( the SEC's website ( or on Vox's website ( Quarterly Dividend The Company is also pleased to announce that its Board of Directors has declared a quarterly dividend of $0.0125 per common share, to be paid on July 14, 2025, to shareholders of record as of the close of business on June 30, 2025. For shareholders residing in Canada, the dividend will be paid in Canadian dollars based on the daily exchange rate published by the Bank of Canada on June 30, 2025. The dividend qualifies as an "eligible dividend" as defined in the Income Tax Act (Canada). The dividend is subject to customary Canadian withholding tax for shareholders that are not resident in Canada. About Vox Vox is a returns focused mining royalty company with a portfolio of over 60 royalties spanning six jurisdictions. The Company was established in 2014 and has since built unique intellectual property, a technically focused transactional team and a global sourcing network which has allowed Vox to target the highest returns on royalty acquisitions in the mining royalty sector. Since the beginning of 2020, Vox has announced over 30 separate transactions to acquire over 60 royalties. Further information on Vox can be found at For further information contact: Kyle Floyd Pascal Attard Chief Executive Officer Chief Financial Officer info@ 602-4223 pascal@ 602-4223 Cautionary Statements to U.S. Securityholders The financial information included or incorporated by reference in this press release or the documents referenced herein has been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board, which differs from US generally accepted accounting principles ("US GAAP") in certain material respects, and thus are not directly comparable to financial statements prepared in accordance with US GAAP. Cautionary Note Regarding Forward-Looking Statements and Forward-Looking Information This press release contains "forward-looking statements", within the meaning of the U.S. Securities Act of 1933, as amended, the U.S. Securities Exchange Act of 1934, as amended, the Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate" "plans", "estimates" or "intends" or stating that certain actions, events or results " may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements. The forward-looking statements and information in this press release include, but are not limited to, statements regarding the payment of a quarterly dividend in July 2025 and on any future date thereafter, development expectations at key growth assets during 2025, expectations to realize revenue from producing and development stage royalty assets in the near-term, and revenue expectations for fiscal year 2025. Achievement of the 2025 royalty revenue guidance stated in this press release is subject to numerous risks and uncertainties, including but not limited to changes in commodity prices and the ability of operators to attain the results set out in their forecasts. Accordingly, Vox cannot provide assurance that the actual royalty revenue for 2025 will be in the range set forth above. In addition, management may or may not revise its guidance during the year to reflect more current information. If Vox is unable to achieve anticipated guidance, or if management revises its guidance, the Company's future results of operations may be adversely affected, and the Company's share price may decline. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which Vox will purchase precious metals or from which it will receive royalty payments, and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans are refined; problems related to the ability to market precious metals or other metals; industry conditions, including commodity price fluctuations, interest and exchange rate fluctuations; interpretation by government entities of tax laws or the implementation of new tax laws; the volatility of the stock market; competition; risks related to Vox's dividend policy; epidemics, pandemics or other public health crises, geopolitical events and other uncertainties, such as the conflicts in Ukraine and Israel, as well as those factors discussed in the section entitled "Risk Factors" in Vox's annual information form for the financial year ended December 31, 2024, available at and the SEC's website at (as part of Vox's Form 40-F). Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statement prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Vox cautions that the foregoing list of material factors is not exhaustive. When relying on Vox's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Vox has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change, and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of Vox as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While Vox may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws. None of the TSX, its Regulation Services Provider (as that term is defined in policies of the TSX) or The Nasdaq Stock Market LLC accepts responsibility for the adequacy or accuracy of this press release. Technical and Third-Party Information Except where otherwise stated, the disclosure in this press release is based on information publicly disclosed by project operators based on the information/data available in the public domain as at the date hereof and none of this information has been independently verified by Vox. Specifically, as a royalty investor, Vox has limited, if any, access to the royalty operations. Although Vox does not have any knowledge that such information may not be accurate, there can be no assurance that such information from the project operators is complete or accurate. Some information publicly reported by the project operators may relate to a larger property than the area covered by Vox's royalty interests. Vox's royalty interests often cover less than 100% and sometimes only a portion of the publicly reported mineral reserves, mineral resources and production of a property. SOURCE: Vox Royalty Corp. 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Yahoo
13-05-2025
- Business
- Yahoo
Belararox grants Minerals 260 exclusive option to acquire tenements in Australia
Australian miner Minerals 260 has entered into a binding option agreement with Belararox to acquire its Bullabulling gold project in Western Australia. The agreement grants Minerals 260 an exclusive option to acquire Belararox's Coolgardie tenement package, which includes 26 tenements within the Eastern Goldfields. Under the terms of the agreement, Minerals 260 will pay A$150,000 upon execution of the agreement and has the discretion to exercise the option to acquire the tenements within two years for A$600,000. Minerals 260 will assume all responsibilities for the tenements, including management obligations and funding all work programmes and exploration commitments during the option period. The tenements involved in the agreement are highly prospective for gold and lithium discoveries. This deal provides Minerals 260 with the opportunity to consolidate the region and conduct exploration aimed at making significant discoveries. In April this year, Minerals 260 raised capital before costs of $220m to acquire and develop the Bullabulling gold project. The transaction aligns with Belararox's focus on advancing its Toro-Malambo-Tambo (TMT) copper project in Argentina and the Kalahari Copperbelt project in Botswana by decreasing its holding costs in Australia. Belararox managing director Arvind Misra said: 'We are very pleased to have executed an option agreement with Minerals 260, a new player in the exciting and prospective Eastern Goldfields, for the acquisition of Belararox's Bullabulling Project Tenements. 'The option agreement will enable the early development of the Bullabulling Tenements, reduce BRX's costs in Australia and enable BRX to concentrate on its primary project, the exciting TMT copper project in Argentina, as well as its recently acquired strategic interests in Botswana.' The TMT project, located in Argentina's San Juan Province, is an unexplored area between the highly mineralised El Indo and Maricunga Metallogenic Belts. Additionally, Belararox has acquired several prospective exploration licences in the Kalahari Copperbelt region. These licences are in proximity to successful exploration and mining activities by companies such as Sandfire, MMG and Cobre. Belararox also holds a 100% interest in the 643km² Belara Project in the Lachlan Fold Belt of New South Wales (NSW). The project, consisting of three exploration licences, is situated between Wellington and Mudgee in central-Western NSW, offering good road access and infrastructure. "Belararox grants Minerals 260 exclusive option to acquire tenements in Australia" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Herald Sun
25-04-2025
- Business
- Herald Sun
Minerals 260 aims to be next gold star
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. 'Garimpeiro' columnist Barry FitzGerald has covered the resources industry for 35 years. Now he's sharing the benefits of his experience with Stockhead readers. The drill bit is turning again at the Bullabulling gold project near Coolgardie as the new owner of the 2.3 million ounce resource – Minerals 260 (ASX:MI6) – sets out to become a $1 billion-plus company in a hurry. Last mined by Resolute Mining (ASX:RSG) back in 1998, when the gold price averaged less than $A500/oz, Bullabulling was acquired by MI6 earlier this year for $156.5m plus $10 million in MI6 shares from Zijin subsidiary Norton Gold Fields. It was a remarkable deal given the Tim Goyder-chaired MI6 was a $30 million explorer at the time. But the scale and quality of the Bullabulling opportunity – along with a rampant gold price –meant MI6 had no problems raising $220m in equity at 12c a share to settle the deal. It has been left with about $50m to fund the 80,000m drilling program that has just kicked off (expect strong newsflow in coming months) in an initial push to return Bullabulling to production in the second half of 2028. On its expanded capital base, MI6 is now a $280m company on Thursday's market price of 13c a share. So it has a long way to go to get in to the $1 billion-plus producers club. There is no guidance yet on Bullabulling's production capability but analysts point to 120,000-140,000 ounces a year being possible. That would put MI6 and the Bullabulling project in 'Capricorn' territory. That is a reference to Capricorn Metals (ASX:CMM) – now a $3.6 billion company on the strength of its (expanding) 120,000 ounce a year Karlawinda mine in the Pilbara and its Mr Gibson gold project. Development work on Karlawinda got going in 2019 and first production was achieved in 2021. In the intervening period, Capricorn's market cap grew from $85m to more than a $1 billion. Gold's move to record levels since, the expansion of Karlawinda, and the production to come from Mt Gibson, has helped to more than triple Capricorn's market since. But the point is made – passing through the $1 billion-plus threshold for Capricorn was on the back of it achieving 120,000 ounce a year production of ow-cost production at Karlawinda. Eveything to play for So MI6 has everything to play for at Bullabulling, one of the biggest undeveloped gold deposits in Australia. Ahead of what comes from the drilling program – a resource update is expected in December – things have got off to a good start. M16 paid $72 an ounce for Bullabulling's gold when the gold price was $A4309/oz. The last time Garimpeiro looked, gold was fetching $A5240/oz – an increase of 21%. The thing is MI6 is confident the current resource of 2.3 million ounces is only the start of the story, given 60% of the holes drilled at the property in the past are only 50m deep or less. Bridge Street Capital analyst Chris Baker said significant value could be added by the current 80,000m drilling program. 'If the MI6 geologists can expand the Bullabulling resource to over 3Moz, converting say 60% to reserves, an ultimate production target of 150-200kozpa could be envisaged,' he said. He noted that there are few deposits in the Eastern Goldfields which offer that sort of the opportunity. 'At this size, it will certainly attract the attention of WA's acquisitive mid-cap gold producers,' Baker said. Argonaut has initiated coverage of the stock, setting a 30c price target. Analyst Hayden Bairstow said the firm's assessment was that a development at Bullabulling could underpin an open pit operation producing about 140,000 a year. 'There is also significant scope for MI6 to materially expand the resource base, both at depth and along strike and this presents upside risk to our base case.' Originally published as Barry FitzGerald: Why Tim Goyder's Minerals 260 could be the ASX gold market's next Capricorn
News.com.au
25-04-2025
- Business
- News.com.au
Barry FitzGerald: Why Tim Goyder's Minerals 260 could be the ASX gold market's next Capricorn
'Garimpeiro' columnist Barry FitzGerald has covered the resources industry for 35 years. Now he's sharing the benefits of his experience with Stockhead readers. The drill bit is turning again at the Bullabulling gold project near Coolgardie as the new owner of the 2.3 million ounce resource – Minerals 260 (ASX:MI6) – sets out to become a $1 billion-plus company in a hurry. Last mined by Resolute Mining (ASX:RSG) back in 1998, when the gold price averaged less than $A500/oz, Bullabulling was acquired by MI6 earlier this year for $156.5m plus $10 million in MI6 shares from Zijin subsidiary Norton Gold Fields. It was a remarkable deal given the Tim Goyder-chaired MI6 was a $30 million explorer at the time. But the scale and quality of the Bullabulling opportunity – along with a rampant gold price –meant MI6 had no problems raising $220m in equity at 12c a share to settle the deal. It has been left with about $50m to fund the 80,000m drilling program that has just kicked off (expect strong newsflow in coming months) in an initial push to return Bullabulling to production in the second half of 2028. On its expanded capital base, MI6 is now a $280m company on Thursday's market price of 13c a share. So it has a long way to go to get in to the $1 billion-plus producers club. There is no guidance yet on Bullabulling's production capability but analysts point to 120,000-140,000 ounces a year being possible. That would put MI6 and the Bullabulling project in 'Capricorn' territory. That is a reference to Capricorn Metals (ASX:CMM) – now a $3.6 billion company on the strength of its (expanding) 120,000 ounce a year Karlawinda mine in the Pilbara and its Mr Gibson gold project. Development work on Karlawinda got going in 2019 and first production was achieved in 2021. In the intervening period, Capricorn's market cap grew from $85m to more than a $1 billion. Gold's move to record levels since, the expansion of Karlawinda, and the production to come from Mt Gibson, has helped to more than triple Capricorn's market since. But the point is made – passing through the $1 billion-plus threshold for Capricorn was on the back of it achieving 120,000 ounce a year production of ow-cost production at Karlawinda. Eveything to play for So MI6 has everything to play for at Bullabulling, one of the biggest undeveloped gold deposits in Australia. Ahead of what comes from the drilling program – a resource update is expected in December – things have got off to a good start. M16 paid $72 an ounce for Bullabulling's gold when the gold price was $A4309/oz. The last time Garimpeiro looked, gold was fetching $A5240/oz – an increase of 21%. The thing is MI6 is confident the current resource of 2.3 million ounces is only the start of the story, given 60% of the holes drilled at the property in the past are only 50m deep or less. Bridge Street Capital analyst Chris Baker said significant value could be added by the current 80,000m drilling program. 'If the MI6 geologists can expand the Bullabulling resource to over 3Moz, converting say 60% to reserves, an ultimate production target of 150-200kozpa could be envisaged,' he said. He noted that there are few deposits in the Eastern Goldfields which offer that sort of the opportunity. 'At this size, it will certainly attract the attention of WA's acquisitive mid-cap gold producers,' Baker said. Argonaut has initiated coverage of the stock, setting a 30c price target. Analyst Hayden Bairstow said the firm's assessment was that a development at Bullabulling could underpin an open pit operation producing about 140,000 a year. 'There is also significant scope for MI6 to materially expand the resource base, both at depth and along strike and this presents upside risk to our base case.'
West Australian
22-04-2025
- Business
- West Australian
1c stocks worth a look in Trump tariff-battered market
ASX-listed small cap resource stocks trading at 1 cent a share or less may be worth a second look, as many companies go about their business developing promising projects. Many are flying under the radar of market observers and are going virtually unnoticed by punters. It's no secret that the ASX-listed small cap resources space has been doing it tough in recent times. With many small companies in the resources industry chasing their lithium and rare earths fortunes, the near collapse in prices for battery metals and critical minerals in the past two years has caused the bottom to almost fall out for the two former 'market darling' sectors. Many companies have become trapped holding projects that are suddenly out of favour, snookering those needing further capital. Market punters and investors may be unwilling to stump up further money in a capital raising or will do so only if the offer price is substantially lower than the market price. Others may have continued to work in the background on their project, or perhaps pivoted to something considered more interesting in these changing times. The 'elephant in the room' is that many punters will dismiss stocks that are trading below 1c a share on the ASX. However, their conviction that a company trading cheaply couldn't be worth following or investing in may be a fallacy - especially when the company has a viable project, one the market is not familiar with or has undersold on its potential. A potential bonus is there is always the possibility that if the metal or product the company is focused on suddenly comes into vogue, the share price may run and end up reaching multiples of its previous figure. It is worth noting the share price does not equate to the market capitalisation of the company. Some companies with extremely low share prices may have a reasonable market value due to billions of shares having been issued by the company. Today Bulls N' Bears look at 10 companies with potentially interesting assets that traded at or below 1c this month. BMG RESOURCES (0.9c) The sub-$10 million market capped junior goldie holds the 518,000-gold ounce Abercromby project, near Wiluna in Western Australia, that is grading 1.45 grams per tonne (g/t) on a granted mining lease. Abercromby is in the same gold region as the 346,000 ounce Millrose gold deposit, sold by Strickland Metals to gold giant Northern Star for $61 million in 2023, at a time of much lower prices. An added sweetener is that BMG holds the Bullabulling project, immediately adjacent to the eponymous multi-million-ounce gold project that was recently snapped up by Minerals 260 for $156.5M cash and $10M in company shares. Shallow drilling at BMG's Bullabulling project hit 2m at 18.1g/t and 4m going 10.2g/t gold, indicating its potential for significant mineralisation. EV RESOURCES (0.5c) The South American-focused explorer has a 70 per cent interest in the Parag project in Peru, a bulk-scale porphyry deposit with its copper-molybdenum-silver deposit beginning from surface. Copper porphyry accounts for nearly 70 per cent of the world's copper as it offers a huge scale of mineralisation. EV Resources also holds 50 per cent of the drill-permitted Don Enrique copper-silver project in Peru that has several compelling targets and access to water, power, roads and labour from nearby towns. The company also owns the Yanamina gold-silver project in the mining-friendly nation, which has a resource of 265,000 ounces of gold and 935,000 ounces of silver. EV has also leapt into the antimony sector, acquiring the Coyote Creek antimony project in Utah, in the United States. The project includes a non-JORC resource of 12.7 million tonnes grading 0.79 per cent antimony. Antimony became one of 2024's big winners after prices for the metal increased significantly. JAVELIN MINERALS (0.3c) Javelin has two prospective gold projects near the famous WA gold mining town of Kalgoorlie at a time of roaring gold prices, with the yellow metal up almost 23 per cent this year. The company has just begun a 3000-metre maiden drill program at its recently acquired Eureka gold project. Eureka hosts a 112,000-ounce gold resource, plus it has additional known mineralisation from previous drilling programs sitting outside the resource area. Several stunning drill intervals outside the resource zone include 4m grading 135g/t gold and 3m at 48.75g/t gold. Its Coogee gold project has an existing gold resource of 126,685 ounces and recent drill testing produced intervals outside the resource, comprising 5m at 14.22g/t gold from 143m, including 1m at an impressive 65g/t, and 10m going 4.55g/t gold from 91m. The 10m hit confirmed gold extensions below the previously mined open pit. MT RIDLEY MINES (0.3c) Mt Ridley has its Mia clay-hosted rare earths project near Esperance, which contains 168 million tonnes at 1201 parts per million total rare earth oxides. The project is parked up at present awaiting better pricing incentives, before Mt Ridley looks to advance the project towards production. The resource contains valuable magnet rare earth oxides totalling 25 per cent of the total rare earths within the resource, with some presence of the higher-value heavy rare earth elements terbium and dysprosium. The company recently completed a rock chip reconnaissance program across its Weld Range West iron project, in WA's Mid West region, where it unearthed five rock chip samples grading from 60 per cent to 62 per cent iron. The samples from the southern end of the project displayed higher iron content. This sits in the western 20 per cent portion of the overall Weld Ranges ground owned by Mt Ridley. The remaining 80 per cent stake in the Weld Ranges area have had substantial resources defined and are held by Sinosteel and Fenix Resources. No drilling programs have been conducted on Mt Ridley's ground. REEDY LAGOON CORPORATION (0.2c) Reedy Lagoon holds the prospective Burracoppin gold project, in WA's Central Wheatbelt region, where recent infill soil samples along the western margin of a target structure at its Windmills prospect produced elevated anomalous gold assays. The results link up nicely with previous anomalous gold in assays from adjacent sampling. The 1000m structure appears to have a northeast strike, which is evident in geophysical data and extends the surface zone to a 1.5km strike length. The company's Burracoppin iron project comprises a magnetite deposit. Management is focused on sourcing a joint venture partner to fund a drilling program to establish a mineral resource and develop the project. It plans to produce iron from mining the deposit and processing the ore into a concentrate suitable for smelting into an expected total of one million tonnes per annum of high-purity pig iron. TITANIUM SANDS (0.6c) The company has the Mannar heavy mineral project in Sri Lanka, for which the company is working through the necessary steps to obtain a mining licence. It is currently engaged in environmental studies to meet the terms of reference required to complete an environmental impact assessment (EIA). When the EIA is approved, the Sri Lankan Geological Survey and Mines Bureau will issue an industrial mining licence for the project. Sri Lanka has mined heavy minerals for decades and titanium is in strong demand from paint and plastic manufacturers, the aerospace industry and is used in medical devices and jewellery. ENRG ELEMENTS (0.1c) ENRG holds the Agadez uranium project in the West African country of Niger. It recently secured a three-year extension to the three granted exploration permits stretching across 726 square kilometres that comprise its project ground. A recent trenching program produced several impressive hits of uranium oxide. The highest sample returned 58,396 parts per million (ppm) or 5.84 per cent uranium oxide and was accompanied by samples grading 46,805ppm (4.68 per cent), 41,902ppm (4.19 per cent) and 24,125ppm (2.41 per cent) uranium oxide. The results are in addition to an existing inferred mineral resource of 31.2Mt at 315ppm for 21.5M pounds of uranium from surface to a depth of 37m. Management says it is open to a potential divestment via an earn-in agreement or corporate transaction. TRIANGLE ENERGY (0.5c) Triangle has just spudded its prospective Becos-1 oil exploration well in WA's Perth Basin. The drill bit was targeting a fault-trapped rock layer called the Bookara Sandstone, with results from the drilling expected shortly. Triangle owns 50 per cent of the project, along with operating the nearby Mt Horner production licence, which is surrounded by structurally similar prospects. The company is also staking a claim for hydrocarbons in the United Kingdom's offshore North Sea. It now holds a 50 per cent stake in four blocks hosting the Cragganmore gas field and 50 per cent in nine blocks in the Outer Moray Firth, an inlet of the North Sea. TMK ENERGY (0.3c) TMK is pumping out record gas production levels month-on-month at its Gurvantes XXXV coal seam gas project in southern Mongolia. In March, the company produced its highest volume of gas to date with 10,000 cubic metres from its Pilot Well project. It has a series of its Lucky Fox wells up and running on site, aiming to reduce the reservoir pressure towards a critical desorption level. Management is soon expecting to produce commercial rates of gas from the project, which has Mongolia's biggest contingent resource (2C) of 1214 billion cubic feet (BCF) of natural gas. The project currently contains a 5300 BCF prospective resource across its total 8400-square-kilometre ground. Coal seam gas is considered ideal as a 'clean transition fuel' because it produces about half the carbon emissions produced by coal-generated electricity and burns cleaner than other fossil fuels. ATOMOS (0.5c) The tenth and final company is the only one not involved in the mineral space. An innovative video technology company, Atomos develops versatile handheld video recorders and monitors. Its flagship Ninja device is designed to record directly into popular editing formats, such as Apple's ProRes and Avid's DNxHD platforms. By decompressing data from memory size-restricted cameras onto the device users can transform low-resolution digital data into high-quality video files. Atomos revealed a suite of new products and services at the recent NAB Trade Show in Las Vegas. The show is renowned as the ultimate event in the world of media, entertainment and technology and is a key focus point for entrepreneurs in the broadcasting, digital media and film sectors. (Article is based on share prices as of April 8, 2025.) Is your ASX-listed company doing something interesting? Contact:
