Morning digest
ASX · ranked by our model's expected move · 2026-06-25
The ASX market is set to open with a focus on significant drilling updates and a major study release. Australian Rare Earths' Pre-Feasibility Study is the standout, promising strong economics and a clear path to production. Drilling results from Paladin Energy and Cyprium Metals also feature, offering potential catalysts.
What to watch today
Barkly Rare Earths has mobilised for its Phase 1 drilling program at the Barkly Project, aiming to expand the existing 40 Mt Inferred rare earths Mineral Resource. The 10,000-meter program will involve approximately 400 shallow holes and will test mineralisation across a ~20 km corridor. Concurrently, exploration activities, including mapping and rock-chip sampling, are underway at the Buntine Base Metals Project.
Far East Gold's Target's Statement recommends shareholders reject Xingye's takeover offer.
skip Takeover defence statement. Not a direct market mover for the company's assets, skip.
Unity Metals Corp. is conducting 550-650m of trenching at its Ngot Project in Cambodia to define near-surface mineralisation.
watch Trenching is preparatory work; assay results are needed for impact. Low confidence, watch.
Australian Rare Earths' Koppamurra Pre-Feasibility Study confirms strong economics with an A$858M NPV and 99% IRR, requiring A$178M CAPEX.
must-read This is a major study release with compelling economics and a clear path to production. High conviction, must-read.
Klevo Rewards announced a change of director's interest with Alexander Gold acquiring 45,000 shares.
skip Routine director's interest notice. No market impact, skip.
Paladin Energy has identified a new high-grade uranium discovery, Atlas, at its PLS Project in Canada, with seven of eight drillholes intersecting significant mineralisation.
must-read New high-grade uranium discovery with multiple hits. High confidence in the find, worth your time.
Augustus Minerals confirmed wide gold intersections at its Music Well Gold Project, including 9m at 2.83g/t Au from 33-42m.
read Positive drilling results with wide intersections. Read for the details.
Cyprium Metals is advancing its Nifty Copper Complex Phase 1 restart, with a new acid terminal commissioned and operational readiness progressing.
read Key operational milestones achieved for the Nifty restart. Solid progress, read for an update.
Resources & Energy Group's RC drilling confirms gold mineralisation 1km south of the Gigante Grande resource, with intercepts including 16m @ 0.90 g/t Au.
read Drilling confirms mineralisation extension. Good results, read for details.
29Metals reports high-grade resource extension intercepts at Oizon, including 2.2m @ 5.1% Cu, 17.7g/t Au, 126g/t Ag.
read Resource extension drilling with high-grade hits. Solid results, worth a read.
When the dust settles
Barkly Rare Earths has mobilised for its Phase 1 drilling program at the Barkly Project, aiming to expand the existing 40 Mt Inferred rare earths Mineral Resource. The 10,000-meter program will involve approximately 400 shallow holes and will test mineralisation across a ~20 km corridor. Concurrently, exploration activities, including mapping and rock-chip sampling, are underway at the Buntine Base Metals Project.
Albright Metals confirmed and extended gold and antimony mineralisation at its Golden Pike Project, with best gold intercept of 37.05m at 1.12 g/t Au.
read Gold and antimony mineralisation confirmed and extended. Solid results, read.
Legacy Mineral Holdings has commenced geophysical surveys at the Battery and Mascotte Prospects within its Mt Carrington Project.
watch Geophysics is a precursor to drilling. Low direct impact now, watch for follow-up results.
BOA Resources will acquire the Thaduna and Green Dragon copper deposits, adding a combined 121kt Cu resource at 2.3% Cu.
read Acquisition of significant copper resources. Material move, read.
Li-S Energy clarified its first commercial lithium foil order, confirming no material information was omitted.
skip Clarification of a previous announcement. No new material information, skip.
Augustus Minerals confirmed wide gold intersections at its Music Well Gold Project, including 9m at 2.83g/t Au from 33-42m.
read Positive drilling results with wide intersections. Read for the details.
Theta Gold Mines achieved major construction milestones at its TGME Gold Project, with plant footprint established and steel erection underway.
read Significant construction progress towards production. Positive update, read.
29Metals reports high-grade resource extension intercepts at Oizon, including 2.2m @ 5.1% Cu, 17.7g/t Au, 126g/t Ag.
read Resource extension drilling with high-grade hits. Solid results, worth a read.
Sabre Resources is set to commence a 6,000m drilling program testing copper-gold targets at its Kurundi North Project in the Northern Territory.
watch Drilling is about to commence; results are key. Low confidence in immediate price impact, watch.
Miramar Resources identified gravity anomalies at its Joy Helen prospect within the Chain Pool Project, potentially representing buried mineralisation.
watch Geophysics identifies targets, but assay results are pending. Low confidence, watch.
Every other release
Drilling
- Li-S Energy LIS — ISO certification achieved and first lithium foil order· predicted move (today) +15.8%
- Noble Helium Limited NHE — Noble Completes 3D Seismic Reprocessing Optimises Drill Plan· predicted move (today) +13.4%
- Cobalt Blue Holdings Limited COB — Clarification-Cobalt Blue & Glomar Progress Project Infinity· predicted move (today) +8.3%
- Yandal Resources Limited YRL — First Diamond Core Results from Flushing Meadows· predicted move (today) +8.2%
- Flagship Minerals Limited FLG — Flagship sells RK Lithium for A$5.8 million cash· predicted move (today) +6.0%
- Xpedra Resources Limited XPD — Assays Confirm Further Wide Gold Intercepts at Springfield· predicted move (today) +3.1%
- Core Energy Minerals Ltd. CR3 — Consistent REE Grades and Elevated Yttrium Confirmed - Tunas· predicted move (today) +2.2%
- Larvotto Resources Limited LRV — Latest Drilling Enhance Midas Potential· predicted move (today) +0.8%
- Kalgoorlie Gold Mining Limited KAL — Central Yandal Gold Project to complement Pinjin Project· predicted move (today) +0.2%
- Pacgold Limited PGO — Second Gold Pour from White Dam Project· predicted move (today) +0.1%
- Minerals 260 Limited MI6 — Bullabulling Drilling Extends Gold Mineralisation at Depth· predicted move (today) -0.4%
- High-Tech Metals Ltd HTM — Mt Fisher Drilling Program Completed - Assays Pending· predicted move (today) -3.1%
- Lincoln Minerals Limited LML — Drilling has commenced at Lincoln's Minbrie Copper Project· predicted move (today) -3.4%
- Gibb River Diamonds Limited GIB — Phase 2 Drilling Commences - Edjudina Gold Project· predicted move (today) -5.0%
Studies
- Australian Rare Earths Limited AR3 — Koppamurra Pre-Feasibility Study Investor Webinar· predicted move (today) +21.3%
32 releases · 17 featured · generated 6/25/2026, 11:15:21 PM