Kaiser Reef (ASX: KAU)

Announced a forthcoming drilling program targeting the historical Union Hill waste dumps at the Maldon Gold Project.

Successful drilling of the Union Hill waste dump could potentially convert it to a substantial low-grade stockpile.

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KAISER REEF UNION HILL WASTE DUMP DRILLING TO COMMENCE

MALDON GOLD PROJECT UPDATE

Kaiser Reef Limited (ASX: KAU) (“Kaiser ” or “the Company”) is pleased to announce a
forthcoming drilling program targeting the historical Union Hill waste dumps at the Maldon Gold Project.

Kaiser owns, operates and is actively exploring the Maldon Gold Project, which
includes multiple historical underground mines and an operating 200ktpa processing plant at Porcupine Flat. Kaiser’s Union Hill Gold Mine is fully permitted, currently on care and maintenance and has a resource of 186koz @ 4.4g/t Au

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HIGHLIGHTS

240-HOLE, ESTIMATED 3191 METRE, SLIMLINE RC DRILLING PROGRAM TO
COMMENCE AT UNION HILL

Waste dump footprint of >50,000m2, estimated waste dump volume >410,000m3

Trial processing during October of 2,628t reconciled at 0.86g/t Au and 99% recovery.

Trial processing has captured a portion of “battery sands” found under the waste dump, and of unknown extent. Systematic channel sampling of waste dump material at Union Hill has returned an average grade of 0.6g/t Au, with higher-grade and lower-grade areas evident.

Initial screening test work, on historical dump material, appears favourable to upgrade mill feed; further work in progress.

Additional bulk sample work in progress to determine specific gravity, using survey at Union Hill and calibrated weightometer at the process plant, to allow conversion of cubic metres to tonnes.

Drill program designed to test overall grade and better define volume. Second pass infill
drilling may be required. Initial channel sampling, bulk sampling and screening test work
should not be considered definitive.

Kaiser fully permitted for continued works on site at Union Hill, haulage and processing.

TESTING OF WASTE DUMP AT NUGGETY CURRENTLY BEING PERMITTED

Nuggetty is located approximately 1.5km north of the Union Hill Open Pit, on granted mining lease MIN5528
Area of nearly 16,000m2
to assess, variable thickness
Surface Rock Chip sampling has returned an average grade of 1.8g /t Au to date
Historical bulk sampling in 2018 processed a reported 2,401t at 2.50g /t Au and 87.1%
recovery from a selected area

Rock chip sampling and historical bulk sampling should not be considered definitive.

Drilling is required to adequately test the overall grade and better define volume. Bulk sampling or other test work will be required to determine the specific gravity and allow conversion of cubic metres to tonnes.

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Kaiser’s Managing Director, Brad Valiukas, commented:

“With historical gold production of 1.75moz @ 28g/t gold , Maldon represents a district-scale gold opportunity for Kaiser, with numerous historical mines and lines of working that remain substantially underexplored.

 

“Successful drilling of the Union Hill waste dump could potentially convert it to a substantial low-grade stockpile. Between Union Hill and Nuggetty, we have an estimated 450,000m 3 of potential material.

 

“Success will allow Kaiser to continue operating the 200ktpa Porcupine Flat Processing Plant profitably, while we explore the Project overall work towards a potential restart of mining. The grades to date at Nuggetty make it a high priority, and we are working on permitting now.

 

“This drilling is part of our renewed and systematic approach to the Maldon Gold Project. As a result of taking a much wider view of the Project, we are currently working up multiple, from surface, exploration targets within the Project footprint, and will update the market as these are firmed up.

 

“The next exploration steps at the Union Hill Mine, following the recent strong drilling results from within the open pit, will be to re-establish the underground as an exploration platform.

 

“We expect to be tendering the electrical works later this week as part of setting up to rehabilitate the decline early next calendar year .”

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To read the full news release please click HERE

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To View Kaiser Reef’s current share price and chart, please click HERE

To View Kaiser Reef’s historical news, please click here

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in Kaiser Reef. 

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To read our full terms and conditions, please click HERE

Barton Gold (ASX: BGD)

Confirmed that upgrade drilling for the S1 and S2 pits at its South Australian Tunkillia Gold Project has completed ahead of schedule and under budget, with 18,893m drilled across 209 holes and 62 days.

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Barton Gold Tunkillia Upgrade Drilling – 18,900m Phase 1 Complete

First assays from highest value ‘S1’ area expected imminently

Barton Gold Holdings Limited (ASX:BGD, OTCQB:BGDFF, FRA:BGD3) (Barton or Company) is pleased to confirm that upgrade drilling for the S1 and S2 pits at its South Australian Tunkillia Gold Project (Tunkillia) has completed ahead of schedule and under budget, with 18,893m drilled across 209 holes and 62 days.

Tunkillia’s S1 ‘Starter Pit’ is modelled to yield 206koz Au at a cost of only A$997 / oz, producing over A$800m operating cash and repaying development 2x over during the first year of operations.

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HIGHLIGHTS

• Phase 1 reverse circulation (RC) upgrade drilling on Tunkillia’s high value ‘Starter Pits’ complete1
• Drilling completed ahead of schedule and under budget, with over 300m completed per day

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Barton Managing Director Alex Scanlon commented;

“Tunkillia’s S1 pit area contains the project’s highest grades in a shallow central zone. Modelling indicates that the S1 pit will pay back Tunkillia’s entire development cost more than 2x over during the first year of operations.

 

“Having been approached by multiple prospective development and finance partners, upgrading this area to JORC ‘Measured’ category will underwrite confidence in this profile while we evaluate the optimal path forward.

 

“We would like to recognise and thank Raglan Drilling for their professionalism and coordination with the Barton Gold team, delivering this Phase 1 drilling program safely, under budget, and well ahead of schedule.”

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To read the full news release please click HERE

The live Barton Gold share price and chart can be found HERE 

..To View Barton Gold’s’ historical news, please click here

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Barton Gold.

.

To read our full terms and conditions, please click HERE

Heliostar Metals TSX.V: HSTR)

Announced additional results from the current drill program at its 100% owned Ana Paula project in Guerrero, Mexico.

The program aims to convert inferred ounces to higher confidence classifications. It will also support the ongoing Feasibility Study around the Ana Paula deposit.

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Heliostar Ana Paula drill map – Credits Heliostar Metals

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Heliostar Drills 83.2m Grading 17.35 g/t Gold from 76.0m and Expands Program to 20,000m

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Horizon Minerals (ASX: HRZ)

Provided an update on the development of the Phillips Find and Boorara Gold Projects.

Three processing campaigns of Phillips Find ore have been completed at FMR Investments’ Greenfields mill totalling 98,945 tonnes at 1.65g/t Au for 4,954 ounces produced.

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Horizon Baroora project Mining-Operations – Credits Horizon Minerals

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Mining Conferences reviewed

It was a busy first week of mining conference season in Europe, with conferences starting in London and ending in Zurich, with a two company lunch presentation in the middle.

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Tram route number 3 in Zurich, on the way to the conference.

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European Mining Conferences Week 1 Reviewed

Mining Conferences reviewed – It was a busy first week of mining conference season in Europe, with conferences starting in London and ending in Zurich, with a two company lunch presentation in the middle.

We now have a week to get our breath back before the madness starts again with three more conferences in a single week in London.

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The 121 Mining Conference in London didn’t seem very busy or vibrant to me. Perhaps it was my own mood as the gold price and mining stock prices slumped just before the show started?

I had attended a large presentation a month before and the event was well attended and everyone seemed on a high, so it was disappointing that the mood had become so subdued so quickly.

I remember the previous mining bull run when everyone attended presentations and conferences and exchanged ideas and tips as mining stocks soared, and it was nice to have that atmosphere back again, albeit briefly.

I caught up with Silver Storm, a stock I already hold, and the plan for early production in H1 2026 still seems to be on track. Dolly Varden still looks to have good potential, and has a large drill program ongoing.

I met Kimberley Ann of Lahontan Gold, which is a story I liked, although it’s less advanced, and I may invest if the price pulls back in the tax loss selling season. Kimberley has run companies successfully before and I have known her for many years.

Endeavour Silver are in production, but the AISC is high, The company will remedy that when they increase production at Santa Fe in 2027. I am planning to review this again in the New Year.

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The Swiss Mining Conference is the Rolls Royce of conferences. As one would expect, the Swiss organise everything perfectly. If Carlsberg ran a mining conference, this would be it.

I met a mixture of new companies and some that I already have an investment in. Silver Mines is a company I met for the first time, and one I will keep an eye on. Another first time meeting was with Argenta Silver, which has two projects in Salta, Argentina. I like the story so another one for my personal watchlist.

I managed to meet with Equinox Gold as they had a cancellation, and I managed to juggle my meetings around with the help of the organisers, and I really wanted an update as its one of my largest holdings.

All seems on track, commercial production has been declared at Valentine, and they are progressing towards commercial production at Greenstone, where they need to make a few tweaks first. The company has a large debt burden, but of they produce as planned during 2026, that should soon be reduced to manageable levels. I sense the Nicaraguan assets may be sold as well, following on from the sale of the small Nevada mines recently, raising $115 million.

I had a good meeting with Alan Carter, CEO of Cabral Gold, and I feel now is the time for me to invest in this company, as there is a pathway to early production, and the proximity of G Mining’s TZ mine suggests Cabral could be a potential acquisition target in the future.

Alan is British, and has personally invested a large amount in the company, always a good sign in my opinion. He has always come across as honest, an important trait. I plant to invest in the near future.

I met Rana Vig of Blue Lagoon Resources for the first time, and was impressed with his project. The company has just commenced early stage mining, and is due to produce 20,000 ounces of gold in 2026. At $4,000 gold that would equate to around $44 million cashflow. The current market cap of the company is a mere $85 million.

Blue lagoon are toll milling their ore through Nicola Mining’s facility at Merritt, B.C. This is exactly the type of company I like to invest in, early stage mining producing cashflow to fund a much larger drill program avoiding dilution.

Sierra Madre Gold and Silver look like a decent silver play, with La Guittara former producing silver mine near Mexico City. Current AISC at $34 look a little high, but they will come down as production scales up. As long as silver stays high that won’t be a problem.

I saved the best til last, a meeting with Alex Scanlon of Barton Gold. All remains on track for first gold production at the end of 2026. The company will be drilling in 2026 and are some ounces up into the M & I category in H1.

So, a busy two days and I met a host of other companies as well that I will watch their progress.

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We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in some of the companies mentioned in this article.

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121 Mining Conference London

London mining season kicked off with the 121 Mining Conference at Houndsditch this week.

Sadly the buzz that was evident at a recent presentation when gold was riding the crest of the wave seems to have evaporated, despite gold remaining above $4,000.

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A typical scene from the meeting area at 121  Mining Conference in London

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121 Mining Conference London – 2025

London mining season kicked off with the 121 mining conference at Houndsditch this week.

Sadly the buzz that was evident at a recent presentation when gold was riding the crest of the wave seems to have evaporated, despite gold remaining above $4,000.

This is despite gold remaining above $4,000, but below the heady $4,300 level. As a result producing gold and silver mining stock prices have been hit hard, blowing the exuberance away in the process.

I had some good meeting and do feel that stock prices are due another rise as long as gold holds around the current level or moves higher.

Of the companies that I met, Dolly Varden, Lahontan Gold, and Silver Storm caught my attention and merit further review.

I recently added Silver Storm to the Tier 2 watchlist of developing companies, due to its offtake deal with Samsung, low market cap, and imminent production in Q1 or Q2 2026.

Dolly Varden have a quality management team, and will publish a new Mineral Resource Estimate in Q1 2026. They are also looking for potential acquisitions.

Lahontan Gold is  a small cap early stage exploration play with a past producing open pit gold project, Santa Fe, located in the Walker Lane Trend in Nevada. Run by Kimberley Ann, who has enjoyed success in the past with a number of exploration companies.

Lahontan have other former producing open pit projects in the same trend, including Santa Fe West, and Moho. In addition there is a disseminated silver project.

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The show itself, as I mentioned earlier, lacked the buzz I was expecting, due to prices having fallen back quite sharply from their highs despite gold being within 7% of its all-time high.

I noticed a few economy measures, such as no servers for the food, and the food selection had moved somewhat downmarket from previous shows.

My main complaint was the lack of seating given the wide open spaces in the concourse area. Surely they can provide a few more tables for people to sit and eat on?

All in all a good show, and I expect to make a couple of additions to my portfolio as a result of the meetings that I had.

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Orla Mining.

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Colonial Coal (TSX.V: CAD)

Reported that discussions with several interested parties have recently accelerated, such that the same are expected to be meeting with the company over the coming weeks.

Such discussions involve various proposed strategic relationships respecting the company and its core assets.

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COLONIAL COAL PROVIDES CORPORATE AND ANNUAL GENERAL MEETING UPDATES

Colonial Coal International Corp. has provided an update on the following.

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Corporate update

Colonial Coal (TSX.V: CAD) reports that discussions with several interested parties have recently accelerated, such that the same are expected to be meeting with the company over the coming weeks.

Such discussions involve various proposed strategic relationships respecting the company and its core assets, the particulars of certain of which the company is hopeful will result in enhanced shareholder value for Colonial Coal.

The company will continue to keep its shareholders and the market apprised of any material information that becomes available in connection with any of the same.

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Annual general meeting

The company confirms that it has now completed the mailing of its meeting materials in connection with its annual general meeting scheduled for Dec. 10, 2025.

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Meeting date, location and purposes

The meeting will be held on Dec. 10, 2025, at 9 a.m. Vancouver time at the offices of McMillan LLP, located at Suite 1500, 1055 West Georgia St., Vancouver, B.C., for the following purposes:

• Financial statements and auditor report — to receive the audited consolidated financial statements of the company for the financial year ended July 31, 2025, and the auditor report thereon;
• Election of directors — to elect directors for the ensuing year;
• Appointment of auditor — to appoint PricewaterhouseCoopers LLP, chartered professional accountants, as auditor of the company for the ensuing year and to authorize the directors to fix the auditor’s remuneration;
• Approval of current stock option plan — to approve the continuation of the company’s current stock option plan;
• Other Matters — to transact such other business as may properly come before the meeting or any adjournment thereof.

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The full Stockwatch announcement can be read here

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Live metal prices can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Colonial Coal.

.

Pacgold (ASX: PGO)

Announced the results of the maiden drilling programme designed to test coincident geophysical anomalies and the extent of surface gold mineralisation at the White Lion prospect, along with results from drilling on the Jerry Dodds lode structure.

Both Prospects are located at the Company’s 100% owned Alice River Gold Project.

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Project map – Credits Pacgold

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Pacgold White Lion Drilling Intersects Gold Mineralisation

Further exploration warranted in 2026 field season

Pacgold Limited (ASX: PGO) (‘Pacgold’ or ‘the Company’) is pleased to announce the results of the maiden drilling programme designed to test coincident geophysical anomalies and the extent of surface gold mineralisation at the White Lion prospect, along with results from drilling on the Jerry Dodds lode structure.

Both Prospects are located at the Company’s 100% owned Alice River Gold Project (‘the Project’), 300km northwest of Cairns, North Queensland.

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HIGHLIGHTS
 WHITE LION MAIDEN DRILLING PROGRAMME COMPLETED – Reverse Circulation (RC) drilling of the coexistent geophysical IP and Magnetics targets at White Lion has been completed, intersecting encouraging gold mineralisation associated with the Alice River Fault Zone.

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 JERRY DODDS DRILLING EXTENDS MINERALISED STRUCTURE – Wide-spaced RC drilling has extended the shallow gold mineralisation on the Jerry Dodds lode structure a further 1.4km along strike, for a total of 1.8km of identified mineralisation, open in all directions.

The principal target at White Lion was a large high intensity IP chargeability anomaly coincident with a previously delineated shallow bullseye magnetic anomaly1,2.

Four holes were completed to varying depths on the geophysical targets, all intersecting metasediments containing common pyrite and minor pyrrhotite, minor diorite
intrusive, and limited quartz veining and alteration. Initial interpretation of the geology indicates the geophysical anomalies are a result of the sulphide-bearing stratigraphy. 

Three drillholes were also completed to test the mineralised section of the Alice River Fault Zone (ARFZ) at White Lion, where previous rock chip sampling returned strong gold mineralisation in surface quartz veining and altered fault breccia over strike length of 250m, and historical drilling intersected low level gold mineralisation in shallow
airtrak drillholes.

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Two drillholes in the current program returned encouraging gold mineralisation, indicating potential for further exploration along strike in both directions, and at depth. Results include:
 8m @ 0.6g/t Au from 44m incl. 2m @ 2.1g/t Au from 50m (WLDH003)
 15m @ 0.2g/t Au from 148m (WLD004)

At Jerry Dodds eight RC drillholes were completed on 4 sections spaced at 400m to test 1.2km of mineralised lode outcrop along strike to the SE of drilling completed by Pacgold on the prospect in 2023. 

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Pacgold’s Managing Director, Matthew Boyes, commented:

“The maiden drilling program at White Lion has delivered an encouraging first look at the gold potential associated with the Alice River Fault Zone, with mineralised intercepts confirming the presence of gold that warrants further exploration in 2026.

 

“The extension of the Jerry Dodds lode by an additional 1.4 kilometres along strike is particularly pleasing and highlights the broader scale of mineralisation emerging across the Alice River Gold Project.

 

“With these results, we are building a strong foundation for continued discovery at both the Alice River Gold and St George Gold-Antimony Projects in Queensland, while concurrently advancing our Phase 1 production restart at the White Dam Project in South Australia.

 

“Pacgold remains well-positioned to deliver value through a balanced strategy of exploration growth and near-term production opportunities.”

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To read the full news release, please click HERE

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To view the latest share price and chart, please click HERE

Orla Mining (TSX: OLA; NYSE: ORLA)

Announced the results for the third quarter September 30, 2025. 

Orla generated $93 million in free cash flow.

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Orla Mining generates record $93 million in free cash flow for quarter

Omai Gold Mines (TSX.V: OMG)

Announced assay results from the next phase of drilling at its 100% owned Omai Gold Project in Guyana, South America.

The current positive drilling results are from two near-surface exploration targets.

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Omai Gold core logging huts – Courtesy of Omai Gold Mines

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G Mining Ventures (TSX: GMIN)

Reported its financial and operational results for the three and nine months ended September 30, 2025. Unless otherwise stated, all dollar amounts are in U.S. dollars.

Tocantinzinho is now operating at steady state—delivering record production, and free cash flow.

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G Mining Oko West project panoramic view – Courtesy of Reunion Gold.

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G Mining Ventures Reports Strong Q3 2025 Results

Catalyst Metals (ASX: CYL)

Has acquired the remaining 49% interest in the Tandarra Gold Project for an upfront A$1.3 million cash payment, which settles the legal case. 

The Tandarra Gold Project lies immediately south of Catalyst’s high-grade Four Eagles Gold Project.

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Catalyst Metals Bendigo JV project area – Credit Catalyst Metals

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JV Partner agrees to settle legal case with Catalyst via selling its 49% interest in
Tandarra Gold Project for A$1.3m

Tandarra is contiguous to Catalyst’s high-grade Four Eagles JV in Victoria

Catalyst Metals Limited (Catalyst or the Company) (ASX:CYL) has acquired the remaining 49% interest in the Tandarra Gold Project for an upfront A$1.3 million cash payment, which settles the legal case.

The Tandarra Gold Project lies immediately south of Catalyst’s high-grade Four Eagles Gold Project.

Prior to the transaction, Catalyst held 51% of Tandarra. With this transaction, Catalyst simplifies the future management and direction of Catalyst’s Victorian gold assets, including the Four Eagles gold project.

The reason Catalyst sought to acquire this minority 49% interest is that Tandarra is home to several attractive prospects: Lawry, Tomorrow and Macnaughtan and Tandarra North.

These prospects lie along strike of Catalyst’s Four Eagles Gold Project (163koz Resource at 7.7 g/t incl. 70koz at 26 g/t3).

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These prospects have previously returned attractive results,
including:
o 12.9m @ 31.1g/t4 o 3m @13.8 g/t7 o 17m @ 6.6g/t6
o 2.45m @54.8 g/t5 o 11.0m @ 17.8g/t6 o 9m @ 14.8g/t7
o 21m @ 6.9 g/t6 o 3m @ 44.6g/t8 o 13.0m @7.75g/t5

Furthermore, Agnico Eagle, one of the world’s largest gold miners, recently acquired ASX listed S2 Resources’ exploration licence EL007795 for A$20 million, demonstrating Agnico’s commitment to investing in Victoria, and the future view of the perspectivity and desire to consolidate areas around its Fosterville Gold Mine.

This tenement does not contain a Resource and lies approximately 50km from Catalyst’s Four Eagles Gold Project.

The Four Eagles and Tandarra gold projects in Victoria were Catalyst’s founding assets. In 2022, a strategic decision was made to build a gold business not so dependent on the highs and lows of Victorian gold exploration.

This resulted in Catalyst’s move to consolidate Western Australia’s Plutonic Gold Belt in 2023. However, the underlying value was neither forgotten nor lost. Rather, management’s strategy turned to small, slow, low-cost steps to de-risk the overall investment proposition.

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To read the full report please click HERE

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To view the latest share price and chart, please click HERE

To View Capricorn Metal’s historical news, please click here

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Capricorn Metals

.

To read our full terms and conditions, please click HERE

.

Lefroy Exploration (ASX: LEX)

Announced that it has received approval from DMPE for gold mining at the Lucky Strike Gold Deposit.

The Lucky Strike Gold Deposit contains an MRE of 1.27Mt @ 1.95 g/t Au for 79,600 ounces.

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Lefroy Exploration’s Lucky Strike Mine Approved clearing pathway for Operations to Commence

Lefroy Exploration Limited (“Lefroy” or “the Company”) (ASX: LEX) is pleased to announce that it has received approval from DMPE for gold mining at the Lucky Strike Gold Deposit.

The Lucky Strike Gold Deposit contains an MRE of 1.27Mt @ 1.95 g/t Au for 79,600 ounces (Indicated 0.70Mt @ 1.93 g/t Au for 43,400 oz. Inferred 0.57Mt @ 1.97 g/t Au for 36,200 oz).

HIGHLIGHTS

• Mine Development and Closure Plan (MDCP) approved by the Department of
Mines, Petroleum and Exploration (DMPE).
• Approval of Clearing Permit covering mining tenement M25/366 received.
• BML Ventures Pty Ltd (BML) to commence activities in November, focusing on
site clearing and eventual pre-strip activities.
• All mining, operational and management activities to be coordinated by BML.
• Accelerated timeline from mine to mill, with first ore scheduled to commence
toll treating at FMR Investments Pty Ltd (FMR) Greenfields Mill in Coolgardie in
February 2026.
• With profit share partners BML prefunding and coordinating all pre-mining,
capital and operational cost at Lucky Strike, Lefroy remains in a strong cash
position until profit share distribution occurs well inside the first half of 2026.

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LEFROY CEO, GRAEME GRIBBIN, COMMENTED:

“The acceptance by the DMPE of the Mine Development and Closure Plan represents the final major approval for the project, paving the way for earthworks to commence at Lucky Strike.

 

“With BML now overseeing all onsite activities, first toll milling of ore is scheduled for February 2026.

 

“Exposed to the current buoyant gold market, this truly represents the most exciting period for Lefroy shareholders, as the Company advances towards being first-time gold producers, unlocking real value and setting the stage for a strong profitable 2026 and beyond”

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To read the full news release, please click HERE

 

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To view the latest share price and chart, please click HERE

To View Lefroy Exploration’s historical news, please click here

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds  shares in Lefroy Exploration

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Capricorn Metals (ASX: CMM)

Announced it has grown the underground resource at its Mt. Gibson project by an incredible 31% in just four months.

The company has increased the Mineral Resource Estimate  for Orion South Underground to 9.5Mt at 2.9g/t Au for 895,000 ounces of gold.

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Capricorn Metals projects location map – Credits Capricorn Metals

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CAPRICORN’S  MT GIBSON GOLD PROJECT UNDERGROUND RESOURCE GROWS TO 895Koz

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Capricorn Metals (ASX: CMM) announced it has grown the underground resource at its Mt. Gibson project by an incredible 31% in just four months.

The company has increased the Mineral Resource Estimate  for Orion South Underground to 9.5Mt at 2.9g/t Au for 895,000 ounces of gold.

Mineral Resource Estimate (MRE) for Orion South Underground increased to 9.5Mt at 2.9g/t Au for 895,000 ounces of gold.

Highlights

Orion South Underground MRE
• Mineral Resource Estimate (MRE) for Orion South Underground increased to 9.5Mt at 2.9g/t Au for 895,000 ounces of gold.
• Over 13,000 metres of underground focussed diamond drilling has delivered a rapid increase of 211,000 ounces (31%) since the maiden underground MRE in July 2025.
• MRE increases to a compelling 5,400 ounces per vertical metre for the 100 vertical metres immediately below the pit design, where data density exists across the MRE strike extent.
• 33% of Underground MRE now Indicated with infill drilling in progress within the Inferred MRE to improve classifications to allow completion of a Pre-Feasibility level study and a maiden ORE.
• Orion South Underground MRE strongly open at depth with extensional drilling underway.
• Orion South UG MRE covers only 1.2km of strike length of the >8km of Mt Gibson Gold Project (MGGP) strike and only 220m vertical extent below the deepest part of the open pit design.
• Resource growth potential being delivered and significant opportunity to delineate repeat high-grade lodes along strike.
• Drilling planned to commence at next high potential underground targets Lexington and Hornet.
• MRE is reported at a 1.5g/t cut off below existing reserve pit design and a 20-metre crown pillar.
• The updated Orion South Underground MRE has been used as the basis for a Mining Conceptual Study (refer announcement released to ASX today) presenting an early assessment of the potential for underground mining at the MGGP.

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Capricorn Executive Chairman Mark Clark commented:

“Increasing the Orion South underground resource by over 30% to 895,000 ounces in less than four months since the maiden underground resource is indicative of the emerging underground opportunity at Mt Gibson.

 

“Capricorn is committed to a strategy of growing the resource, delivering ore reserves and completing the work to validate our belief that Mt Gibson will become a long mine life open pit and underground mining operation.”

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To read the full report please click HERE

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To view the latest share price and chart, please click HERE

To View Capricorn Metal’s historical news, please click here

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Capricorn Metals

.

To read our full terms and conditions, please click HERE

.

Pacgold (ASX: PGO)

Announced it has started initial capital works to restart the heap leach operation and drilling of existing resource areas and near mine targets at the recently acquired White Dam Gold Operation located in South Australia.

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Pacgold launches restart of White Dam Gold Mine

Recommissioning of White Dam underway targeting Q1 2026 production

Pacgold Limited (ASX: PGO) (‘Pacgold’ or ‘the Company’) is pleased to announce it has started initial capital works to restart the heap leach operation and drilling of existing resource areas and near mine targets at the recently acquired White Dam Gold Operation (‘Project’) located in South Australia.

Final handover is scheduled for the 21st November, 2025 subject to shareholder approval for the issue of the Consideration Shares at the upcoming AGM.

HIGHLIGHTS

 PLANT INVESTMENT COMMENCED – Re-lining of the leaching solution ponds will begin immediately and is expected to take 2 months to complete. The leach circuit will be operational once the first pond is completed in late November, with cyanide irrigation of the pad scheduled to begin as soon as completed.

Maintenance has been initiated at site, with the plant expected to be in fully operational condition by end of November. Initial capital expenditure is expected to be modest at approximately $AUD 600k.

 SCHEDULE– Company has commenced a full restart schedule covering key areas
including:
o Minor plant refurbishment
o Pond Re-lining
o Re-crushing and irrigation of final lift
o Drilling and update resource models, pit designs and cashflow models
o Submission of updated mine plans, PEPR’s and applications for mining permits to
incorporate White Dam north resource into mine plan.

 PHASE 1 STAGED RESTART TARGETING CASHFLOW – Phase 1 of White Dam Gold Mine restart is underway with consignment of crushing equipment and re-crushing of the final pad lift scheduled to commence in Q1 2026.

Full irrigation of re-crushed ore set to commence soon after initial 100,000T parcel is crushed and stacked. Turnover of existing material on the western edge of pad is earmarked for the first pass leaching once cyanide irrigation is restarted
in late November.

 PHASE 2 DRILLING & RESOURCE EXPANSION – Phase 2 of restart includes infill and expansion drilling commencing in November, targeting 25,000m of RC into existing resource areas and near mine targets followed by an updated resource model and new mining studies and cashflow forecasts.

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Pacgold’s Managing Director, Matthew Boyes, commented:

“With minimal capital expenditure required to leverage existing permits and infrastructure, we are rapidly restarting operations, through early key contractor engagement and with re-lining of the solution ponds to begin imminently.

 

“All reagents required for restart of pad irrigation have been purchased and we anticipate the first pregnant solutions to start flowing from the lead pad to the plant by mid-December.

 

“The mine has an outstanding group of motivated staff onsite excited to see this asset back in full production with the shift from greenfield explorer to producer expected to generate real value for our shareholders in the current gold price environment.”
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To read the full news release, please click HERE

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To view the latest share price and chart, please click HERE

West Red Lake Gold Mines (TSX.V: WRLG)

Reported drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada. 

The drill results are focused on the high-grade Austin Zone, which currently contains an Indicated mineral resource of 914,200 ounces  grading 6.9 grams per tonne gold, with an additional Inferred resource of 104,900 oz grading 6.5 g/t Au..

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Madsen Mill – Courtesy of West Red Lake Gold Mines

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West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG)(OTCQB: WRLGF)is pleased to report drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada. 

The drill results featured in this news release are focused on the high-grade Austin Zone, which currently contains an Indicated mineral resource of 914,200 ounces (“oz”) grading 6.9 grams per tonne (“g/t”) gold (“Au”), with an additional Inferred resource of 104,900 oz grading 6.5 g/t Au..

These results from the 12-4860 drill station are in addition to the Lower Austin intercepts recently announced on October 9, 2025 which highlighted 1 39.45 g/t Au over 7.8 metres (“m”), 74.70 g/t Au over 8.7m and 18.31 g/t Au over 7.5m; and on April 1, 2025 which highlighted 23.81 g/t Au over 5.4m, 30.16 g/t Au over 4.3m and 12.43 g/t Au over 10.5m. The 12-4860 station is located on 12 Level in the Madsen Mine at

..

AUSTIN ZONE HIGHLIGHTS:

• HoleMM25D-12-4860-031Intersected11.2m @ 26.16 g/t Au, from 50.0m to 61.2m, Including 2m @ 131.70 g/t Au, from 57.4m to 59.4m. This high-grade intercept was complimented by visible gold spatially associated with quartz veining and strong silicification (Figure 1). Hole -031 also intercepted5.65m @ 7.49 g/t Au, from 66.85m to 72.50m, Including0.5m @ 25.26 g/t Au.

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Shane Williams, President & CEO, stated,

“The Madsen mine ramp up is progressing well, and drilling into new gold zones deeper in the deposit while we ramp up reinforces our view that Madsen will be a sustainable producing asset in Red Lake for many years to come.

 

“The site team is eager to get the underground drills to deeper parts of the system and is currently finalizing plans for development projects that will facilitate access to more distal portions of the resource for conversion drilling and future mine planning.

 

“We are staying aggressive in our exploration approach because we believe in the discovery potential at Madsen and within the Red Lake district.”

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Visible gold showing in hole MM25D-12-4860-031 at 50.05m downhole depth.

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To read the full news release, please click HERE ——- To view the latest share price and company chart, please click HERE To View West Red Lake’s historical news, please click here . The live Spot gold price can be found HERE . ======= . City Investors Circle is based in the financial district in the City of London We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies. Our audience is selected and invited individually to ensure interest and relevance for the presenting company. Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation. We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter. If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com . ======= , This website is not sponsored, we are truly independent, and will always remain so Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team. All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this. These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional. . Disclosure At the time of writing the author holds shares in West Red Lake Gold Mines. . To read our full terms and conditions, please click HERE

Equinox Gold (TSX / NYSE: EQX)

Announced record financial and operating results in Q3 2025.

The Company’s unaudited condensed consolidated interim financial statements and related management’s discussion and analysis are available for download on the Company’s profile on SEDAR.

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Greenstone Mine – Credits Equinox Gold Corp.

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Wesdome Gold Mines  (TSX: WDO)

Announced a new mineralized zone at the Dubuisson deposit, located east of the Kiena Deep deposit at the Company’s 100% owned Kiena Mine Complex in Val-d’Or, Québec.

The new zone has been intersected by drill hole DB-25-068, returning 4.1 g/t Au (uncut) over 25.8 metres (core length).

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Mine location map – Credits Wesdome Gold Mines

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Wesdome Intersects New Zone at Kiena’s Dubuisson Deposit

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To read the full news release, please click HERE

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Horizon Minerals (ASX: HRZ)

Advised that it intends to undertake a consolidation of capital of the Company on a 15-for-1 basis, subject to the receipt of shareholder approval at its Annual General Meeting to be held on Friday, 28 November 2025.

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Horizon Baroora project Mining-Operations – Credits Horizon Minerals

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Event Date

Record Date for Consolidation

Below is a list of Silver companies or predominantly silver companies, as pure silver companies are few and far between