Viking Mines (ASX:VKA) has lifted Linka tungsten recovery to 76% at 56.9% WO3 grade, sharpening the low-CAPEX case ahead of maiden drilling.
Resources
Peako (ASX:PKO) acquires a 862km² Saudi Arabian gold exploration portfolio with drill-ready targets and a A$5.17 million placement at a 40.8% discount.
Northern Star Resources (ASX:NST) responded to Elliott Investment Management’s allegations but pushed back on a potential sale.
White Cliff Minerals (ASX:WCN) reports 19.81m at 6.64% copper at Danvers, including a 1.52m interval at 21.1% Cu, as the Rae Project scales up.
Pivotal Metals (ASX:PVT) hit 4.7m at 2.6% nickel at Alotta in Quebec, opening a source hunt across the Belleterre corridor.
Novonix (ASX:NVX) CFO Robert Long is leaving in July, with the Chair stepping in as interim, against a fragile execution backdrop.
Forrestania Resources (ASX:FRS) has launched a recommended scrip takeover of Zenith Minerals at a 46.7% premium, adding 675koz of gold to the Lake Johnston hub.
Mont Royal Resources (ASX:MRZ) unveils updated Ashram PEA with C$2.03bn NPV and 22% post-tax IRR, but the C$1.23bn funding gap is the real story.
Almonty Industries (ASX:AII) prices an oversubscribed US$700m convertible at a 2.25% coupon, leaving over US$540m for tungsten M&A.
Brazilian Critical Minerals (ASX:BCM) reports 48% TREO and 62% MREO leach recoveries at Ema, matching scoping study assumptions ahead of the June BFS.
