Proactive

Strong results have come in from the recent aircore drilling campaign of Riversgold Limited at the Northern Zone Intrusive Hosted Gold Project, 25kms east-south-east of the #KalgoorlieSuperPit in Western Australia. Results indicate a significant gold mineralisation event, with drilling targeting the shallower, up-dip portion of the mineralised system. Results include a significant composite intercept of 18m at 4.14 g/t gold from 36m. More at #Proactive #ProactiveInvestors #RGL #Riversgold http://ow.ly/BVCr105GO5O

Lumos Diagnostics Ltd (ASX:LDX, OTC:LDXHF) has revealed its full-year results for the 2024 fiscal year, in which the company recorded revenue of US$11.1 million, up 6% on the prior year (US$10.5 million). Lumos hit product revenue of US$1.2 million, up a whopping 289% on the prior year, and commercial services revenue of US$9.9 million. The company’s cash position at the end of the year was US$6.5 million and it delivered positive net operating cashflow of US$900,000 for the year. What’s more, Lumos is now debt-free and boasts a healthy cash balance thanks to a successful US$5 million capital raise – net of costs – in equity capital and redeemed in full the... http://ow.ly/whkW105GO88

Strong results have come in from the recent aircore drilling campaign of Riversgold Ltd (ASX:RGL) at the Northern Zone Intrusive Hosted Gold Project, 25 kilometres east-south-east of the Kalgoorlie Super Pit in Western Australia. The July 2024 drilling program, conducted by Australian Aircore Drilling, consisted of 26 holes across 1,903 metres, with cuttings logged by Riversgold geologists. Significant mineralisation event Results indicate a significant gold mineralisation event, with drilling targeting the shallower, up-dip portion of the mineralised system. The program yielded impressive results, including a significant composite intercept of 18 metres at... http://ow.ly/BVCr105GO5O

Element 25 Ltd (ASX:E25, OTCQX:ELMTF) has now received all assays from the resource infill drilling program at its 100%-owned Butcherbird Manganese Project in the Pilbara region of Western Australia, further confirming the continuity of mineralisation. The company completed 216 percussion drill holes for 6,203 metres of drilling, with 5,513 samples submitted for analysis. The drilling, assay and geological logging results are in line with Element 25’s expectations and confirm the geological model. Importantly, they also confirm continuity of mineralisation within the existing Butcherbird mineral resources, which form the planned mining areas for the expanded... http://ow.ly/q6Qu105GO3y

A research report from Argonaut has highlighted the potential valuation upside of Perseus Mining Ltd (ASX:PRU, TSX:PRU, OTC:PMNXF) after the miner released its annual resource and reserve statement for its three operating West Africa assets — Edikan, Yaouré and Sissingue.  After mining depletions during the 2024 financial year, the company has a reserve base totaling 2.9 million ounces for the three assets.  The Perth broking form has retained its ‘Buy Recommendation’ on PRU, and slightly increased its price target from $2.90 to $3.10 per share, citing “gold price movements and mine life extensions at Sissingue”. This compares to the current share price of... http://ow.ly/aSFh105GO3x

A joint cooperation agreement (JCA) between Surefire Resources NL (ASX:SRN) and Mid West Ports Authority (MWPA) will determine optimal solutions for the export of magnetite concentrate from Surefire’s 100%-owned Victory Bore Vanadium Project through the Port of Geraldton. SRN and MWPA will work together to negotiate port access, capacity reservations, ship loading, port services and product export contracts. The agreement aims to secure port access for 1.25 million tonnes per annum (Mtpa) of export capacity. “The execution of this joint cooperation agreement represents a step forward in our logistics chain and is another advancement of our future operation... http://ow.ly/KR3y105GO0U

Torque Metals Ltd (ASX:TOR) has received highly encouraging initial results of up to 22.15 metres at 12.14 g/t gold from diamond drilling at the Paris Gold Project in the heart of the Western Australia Goldfields demonstrating that mineralisation extends up dip into shallower zones. The company has described the results from four of the six holes in the recently completed 1,105-metre diamond drill program as spectacular with the 22.15-metre intersection including 2.15 metres at 16.79 g/t from 195.65 metres and 2.7 metres at 82.45 g/t from 206.4 metres. Results enhance optimism These results provide strong encouragement for Torque as a reverse circulation... http://ow.ly/3Na1105GNQE

Piedmont Lithium (ASX:PLL, OTC:PLLTL) is celebrating the news that the North American Lithium (NAL) Project, in which it has a 25% stake, has expanded its mineral resource estimate (MRE) by a considerable 51%. Major resource expansion Partner Sayona Mining Ltd (ASX:SYA) has announced that the resource now amounts to 87.9 million tonnes at 1.13% lithium oxide (Li2O) at a 0.60% Li2O cut‐off grade. The updated MRE reflects extensive drilling efforts from 2023 and 2024 and cements the Quebec-based project's position as one of North America’s largest lithium resources. Of the total resource, 82% is classified under the more reliable measured and indicated... http://ow.ly/bBEG105GNOc

Torque Metals Limited (ASX:TOR) has received highly encouraging initial results of up to 22.15 metres at 12.14 g/t gold from diamond drilling at the Paris Gold Project in the heart of the Western Australia Goldfields demonstrating that mineralisation extends up dip into shallower zones. The company has described the results from four of the six holes in the recently completed 1,105-metre diamond drill program as spectacular with the 22.15-metre intersection including 2.15 metres at 16.79 g/t from 195.65 metres and 2.7 metres at 82.45 g/t from 206.4 metres. These results provide strong encouragement for Torque as a reverse circulation drill program forges ahead at the project, comprising ~7,000 metres of drilling across the high-grade mineralised zone west of the Paris prospect. More at #Proactive #ProactiveInvestors #ASX #TOR #Gold #Mining #PreciousMetals http://ow.ly/3Na1105GNQE

Nexus Minerals Ltd (ASX:NXM) is enjoying early regional exploration success at its Wallbrook Gold Project in the north-eastern Goldfields of WA, receiving broad, high-grade near-surface assays demonstrating strong growth opportunities. The results are from Nexus’s recently completed 239 holes for 9,467 metres regional aircore drilling program designed to systematically assess four shallow priority regional targets.  More at #Proactive #ProactiveInvestors #ASX #NXM #Gold #Mining #PreciousMetals http://ow.ly/216P105GNGF