Aurex Alpha/Digest

Morning digest

ASX · ranked by expected move · 2026-11-02

Today's mining news digest features a mix of exploration updates and corporate financing news. The most significant announcement comes from Medallion Metals, reporting high-grade drill results that support its early mine plan at the Ravensthorpe Gold Project. Commodity trends are not explicitly evident from the day's announcements. Investors should review drilling results from Medallion Metals and Solstice Minerals, which both reported significant copper-gold intercepts. Alpha HPA Limited and Gold Hydrogen Limited have announced financing updates, with Alpha HPA commencing debt drawdown and Gold Hydrogen securing investment from Eric Sprott. Paterson Resources Ltd has commenced a substantial RC drilling campaign at its Grace Gold Project.

What to watch today

PSL:ASX
Paterson Resources Ltd

Paterson Resources Ltd has commenced an 8,000m, 34-hole RC drilling campaign at its Grace Gold Project in Western Australia, aiming to extend known mineralisation and test down-dip continuity. A concurrent 1,200m diamond drilling program is underway to support a potential upgrade of the Inferred Mineral Resource. The company's largest drilling program to date is focused on gold mineralisation.

Predicted move (today): +14.0%Predicted move (1-week): +3.9%Confidence: 43%

read Commences largest drilling program to date at the Grace Gold Project.

A4N:ASX
Alpha HPA Limited

Alpha HPA Limited has commenced the progressive drawdown of funds from its $160 million commitment under the Critical Minerals Facility, managed by Export Finance Australia. These funds will be disbursed monthly to support Stage 2 HPA First Project costs. The company is also targeting a $160 million NAIF commitment drawdown in March quarter 2027.

Predicted move (today): +13.9%Predicted move (1-week): +10.0%Confidence: 66%

must-read Commences drawdown of significant government debt funding for HPA First Project.

MM8:ASX
Medallion Metals Limited

Medallion Metals Limited has reported final results from its 2026 infill drilling program at the Gem deposit, broadly confirming previous high-grade gold-copper intercepts within areas planned for early underground mining. These results enhance confidence in geological and lode interpretations, supporting detailed stope design and mine scheduling for the Ravensthorpe Gold Project.

Predicted move (today): +13.3%Predicted move (1-week): +15.6%Confidence: 82%

must-read High-grade results confirm early mine plan areas at the Gem deposit.

GHY:ASX
Gold Hydrogen Limited

Gold Hydrogen Limited has secured $4 million from Eric Sprott as part of a $7.9 million institutional placement, with funds allocated for the final design and procurement of Australia's first modular helium plant at the Ramsay Project in South Australia. This investment highlights the potential of the company's natural hydrogen and helium resources.

Predicted move (today): +12.6%Predicted move (1-week): +15.1%Confidence: 82%

must-read Secures significant investment from Eric Sprott for helium plant development.

SLS:ASX
Solstice Minerals Limited

Solstice Minerals Limited has reported new shallow, high-grade copper-gold intercepts at its Nanadie Copper-Gold Project in Western Australia, confirming an expanding shallow high-grade zone with assays including 41m @ 2.79% Cu and 10m @ 9.40% Cu. A multi-rig drilling program is ongoing, with assays pending for numerous holes, aiming to materially expand the current Mineral Resource Estimate.

Predicted move (today): +12.2%Predicted move (1-week): +7.9%Confidence: 70%

must-read Exceptional new shallow high-grade copper intercepts at Nanadie.

When the dust settles

GML:ASX
Gateway Mining Limited

Gateway Mining Limited has four rigs drilling at its Yandal Project in Western Australia, including two RC rigs, one diamond rig, and one aircore rig. The first diamond rig has commenced drilling at Cowza, twinning the discovery hole, with a second diamond rig expected this week to target extensions at the Horse Well resource, while an aircore rig drills pipeline targets.

Predicted move (1-week): +29.4%Confidence: 87%

read Four drilling rigs now active at the Yandal Project.

LOT:ASX
Lotus Resources Limited

Lotus Resources Limited has shipped its inaugural uranium ore concentrate from the Kayelekera site, comprising approximately 145,000 lbs of U3O8 in four containers bound for Orano CE Malvesi, France. This marks a significant step towards revenue generation and cash flow for the company, with subsequent shipments expected before year-end.

Predicted move (1-week): +24.8%Confidence: 87%

read First uranium concentrate shipment departs Kayelekera site.

RLC:ASX
Reedy Lagoon Corporation Limited

Reedy Lagoon Corporation Limited is applying for the quotation of 332,500,000 ordinary fully paid securities, issued as part of a previously announced transaction at an issue price of AUD 0.00125000 per security. Further issues are subject to shareholder approval.

Predicted move (1-week): +24.4%Confidence: 91%

skip Applying for quotation of securities issued under a prior transaction.

TMX:ASX
Terrain Minerals Limited

Terrain Minerals Limited has been granted the 100% owned Wanarra Project (E59/3006) in Western Australia, located south of Vault Minerals' Rothsay Gold Mine and prospective for gold and lithium. Initial exploration will involve data reprocessing and rock chip sampling, applying geological understanding from the nearby Lightning Gold Deposit.

Predicted move (1-week): +20.6%Confidence: 91%

read Granted new tenement adjacent to Rothsay Gold Mine with gold and lithium potential.

FAL:ASX
Falcon Metals Ltd

Falcon Metals Ltd has received assay results for nine RC drill holes at the Olsen Well prospect within the Errabiddy Gold Project, Western Australia, with hole OWRC0007 returning 16 metres at 2.2 g/t gold from 8 metres. This intercept is located 240 metres east of a previous significant intercept, and the drilling program has been expanded to 7,500 metres.

Predicted move (1-week): +19.9%Confidence: 54%

read Second significant gold intercept reported at Olsen Well prospect.

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89 releases · 10 featured · generated 11/1/2026, 10:41:42 PM