Kaiser Reef (ASX:KAU)

Reports strong ongoing production for the first full month of ownership from the Henty Gold Mine, and that contributions were made from both the A1 Mine and third-party ore purchase agreements.

The June quarterly report closed with a strong cash position of $24.7 million and robust operational performance, positioning Kaiser for sustained growth.

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Kaiser Reef Henty Gold mine, Tasmania – Credits Kaiser Reef

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Kaiser continues profitable operations – Period Ending 31 July 2025

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Kaiser Reef Limited (ASX:KAU) (“Kaiser” or the “Company”) reports strong ongoing production for the first full month of ownership from the Henty Gold Mine, and that contributions were made from both the A1 Mine and third-party ore purchase agreements.

The June quarterly report closed with a strong cash position of $24.7 million and robust operational performance, positioning Kaiser for sustained growth.

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Cash Position (July 31) *

The cash and bullion asset base grew to $30.7 million, before the July repayment of $500,000 in debt and the final Mineral Resources Tasmania royalty payment of approximately $2.5 million for the financial year ending 30 June 2025.

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Kaiser believes that the recently reported Quarterly Report did not adequately emphasise that the company not only increased its cash position, but also covered significant once-off costs related to the Henty Gold Mine acquisition transaction, including approximately:

Breakdown of June Quarter Once Off Costs*

Capital Raising Brokers fees: $1.3 million
Corporate Advisory fees: $0.5 million
Legal fees: $0.2 million

Auramet establishment fees and small purchase of Put Options: $0.8 million
Other cost paid in the June Quarter*
Auramet Loan repayment: $1.0 million

Clarification of Put Options

Kaiser acknowledges that there is some confusion regarding the nature and risks of its Put Options strategy. To clarify, the Company executed a series of Put Options at a strike price of A$4,400 per ounce, covering 6,000 ounces of gold (750 ounces per month) over an 8-month period from September 2025 to April 2026.

These Put Options represent approximately one-third of Henty’s targeted monthly production of 2,000 ounces per month.

The Put Options were a requirement for securing the Company’s debt facility and were fully paid during June 2025 quarter. No additional payments are required regardless of gold price up or down movements.

This structure ensures a minimum price of AUD$4,400 per ounce for the 750 ounces per month, providing a shareholder-friendly price protection mechanism.

The Board considers this approach prudent which is aligned with the Company’s risk management objectives.

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To read the full news release please click HERE

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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.

.

Disclosure

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

.

To read our full terms and conditions, please click HERE

New Murchison Gold (ASX: NMG)

It has been reported in the Australian newspaper and on some social media platforms that New Murchison Gold has received an offer from Meeka Metals for all the shares in the company.

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Crown Prince drilling – Courtesy of New Murchison Gold

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New Murchison Gold Knock Back Meeka Offer

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New Murchison Gold (ASX: NMG) It has been reported in the Australian newspaper and on some social media platforms that New Murchison Gold has received an offer from Meeka Metals for all the shares in the company.

This does not surprise me as the deal looks to make sense, and now would be the time to make an offer before NMG gets production started and the shareprice moves uowards,

Whilst not yet confirmed it looks opportunistic and I hope NMG will turn down such an offer if it is receieved.

The Diggers and Dealers Conference starts today in Kalgoorlie, so we may hear more during the show.

Recent Noosa Conference New Murchison Gold Presentation, click HERE

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..

.To View New Murchison 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.

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 New Murchison Gold.

.

Mining Review 3rd August 2025

The price of copper tanked on the news that Trump isn’t going to tariff all copper imported into the USA.

Equinox gold announced new high-grade gold drill results, and a leadership transition.

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Equinox Gold Greenstone Mine – Credits Equinox Gold Corp.

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City Investors Circle Mining Review 3rd August 2025

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Mining Review 3rd August 2025 – The price of copper tanked on the news that Trump isn’t going to tariff all copper imported into the USA. The price fell a whopping 23.4% after the news.

Gold move up 2% week on week, and silver fell after a recent strong run, causing the gold silver ration to increase after weeks of falling.

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Equinox Gold announced new high-grade gold drill results, and a leadership transition. The feeling in the market is that this is one to watch over the next year, as providing the price of gold remains high EQX will be able to pay down it’s current debt in large chunks.

Equinox also announced that former Calibre Mining CEO Darren Hall has assumed the role of CEO.

Darren has huge experience in the gold mining sector, with Kirkland Lake Gold and Newmarket Gold, before transforming Calibre from a junior mining company to a mid tier producer before being acquired by Equinox.

Darren looks a safe pair of hands to lead the company forwards from here in my opinion.

Capricorn Metals agreed to purchase the Mongers Lake project contiguous to their Mt. Gibson project as they consolidate the area around Mt. Gibson.

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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.

.

Declaration

At the time of writing the author may hold positions in any of the stocks mentioned.

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Capricorn Metals (ASX: CMM)

Advised that it has entered into a binding agreement with Albion Resources Limited to acquire the prospective Mongers Lake Project tenement package.

The Mongers Lake Project covers approximately 113 square kilometres of tenure located contiguous to the north of Capricorn’s Mt Gibson Gold Project.

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Mongers Lake location map – Courtesy of Albion Resources

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CAPRICORN EXPANDS MT GIBSON PROJECT TENURE WITH THE ACQUISITION OF The MONGERS LAKE PROJECT

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Capricorn Metals Ltd  (ASX: CMM) (“Capricorn” or “the Company”) is pleased to advise that it has entered into a binding agreement with Albion Resources Limited (“ALB”) to acquire the prospective Mongers Lake Project tenement package (“Mongers Lake Project”).

The Mongers Lake Project covers approximately 113 square kilometres of tenure located contiguous to the north of Capricorn’s Mt Gibson Gold Project (“MGGP”) in the Murchison region of Western Australia.

The Mongers Lake Project is considered highly prospective for gold mineralisation, featuring multiple settings conducive to hosting economic gold deposits. Capricorn has identified several target zones for exploration within the project tenure.

The highest priority target is 8km along strike from the historic Julie Gold Mine of the Retaliation Goldfield, which was previously mined in the 1930-40s.

The transaction consideration is $1.5 million, of which Capricorn has paid an initial cash deposit of $100,000 with the balance of consideration to be paid by the issue of Capricorn shares. The share issue consideration will be valued at the 20-day VWAP prior to completion occurring. 

Completion of the acquisition is expected in August 2025, being subject only to procedural due diligence and conditions precedent.’

In addition, the Company has agreed to make contingent deferred payments as follows:
• $750,000 in cash upon the announcement by Capricorn of a JORC compliant Mineral
Resource Estimate in excess of 75,000 ounces of gold on the Mongers Lake Project;
and
• $750,000 in cash upon the announcement by Capricorn of a board decision to
commence a commercial mining operation on the Mongers Lake Project.

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Background on Mongers Lake Project

The Mongers Lake Project is located approximately 330 kilometres north-northeast of Perth.

 This region is well-regarded for its significant mineral discoveries.

The Yalgoo-Singleton Greenstone Belt spans 190 kilometres and extends in a northnorthwest direction from Mt Gibson to north of Yalgoo town.

It hosts notable Volcanogenic Massive Sulphide (VMS) deposits, including the Cu-Pb-Zn-Ag-Au Golden Grove mine, and is also host to significant gold deposits such as Mt Gibson, Deflector, and Karara.

The project covers approximately 113 square kilometres of tenure, covering 9km of largely untested strike that is located contiguous to the west of Capricorn’s MGGP tenure.

The project is highly prospective for gold mineralisation, featuring multiple settings conducive to hosting economic gold deposits. Capricorn has identified several drill ready target zones for exploration.

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To read the full report please click HERE

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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

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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 Capricorn Metals

.

To read our full terms and conditions, please click HERE

Market Review July 2025 Published

The highlighted company is Omai Gold Mines.

Companies featured include Orla Mining and Ora Banda Mining, plus comments about the largest pure silver mining companies.

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Equinox Gold Greenstone Mine – Credits Equinox Gold Corp.

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City Investors Circle Market Review July 2025 Published

It’s been another typical mid-summer month for gold and gold mining stocks, with prices sliding backwards. This is usual of course, but with the high price of god I had hoped this year would be the exception, but sadly not.

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The highlighted company is Omai Gold Mines.

The company is based in Guyana, in a prolific gold belt in a tier 1 country with british law.

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Companies featured include Orla Mining and Ora Banda Mining, plus comments about the largest pure silver mining companies, and a list of the top few on the ASX, London, and TSX exchanges.

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To read the July 2025 Market Review, please click HERE.

To receive future issues of the Market Review and invitations to our free to attend mining presentation, please email andrew@city-investors-circle.com

.

Archive of July’s news releases is listed below, click the link to be taken to the full story.

  Equinox Gold Reports New High-Grade Gold Drill Results

  New Murchison Gold June Quarter Activities Report

  Equinox Gold Announces Senior Leadership Transition

  Catalyst Metals Obtains A$100m Revolving Credit Facility

  Mining Review 27th July 2025

  Capricorn Metals to Acquire Warriedar Resources

  G Mining Ventures Updates on Gurupi Project Licensing Process

  Orla Mining Reports Pit Wall Event at Camino Rojo

  Barton Gold Announce Gawler Mill Refurbishment Estimated at A$26m

  Caprice Report High-Grade Intercepts At Island Gold

  Barton Gold Complete Regional Soil Sampling Programs

  Mining Review 20th July 2025

  Ora Banda FY25 Production Results And FY26 Guidance

  Lefroy secures funding via BML Lucky Strike Profit Cash Advance

  G2 Drills Best Holes to Date in New OKO Surface Discovery

  Barton Gold Expedite Tolmer Soil Sampling Tests

  Galiano Gold Announces Drilling Results Including 36m @ 2.5 G/T Au

  Equinox Gold Reports Q2 2025 Gold Production of 219,122 Oz

  Mining Review 13th July 2025

  G Mining Ventures Achieves Nameplate Capacity at Tocantinzinho

  Orla Mining Achieves Record Quarterly Production

  West Red Lake Gold Announces Positive PEA for the Rowan Project

  Kaiser Reef Production Update – June Quarter

  Wesdome Gold Mines Completes Acquisition of Angus Gold

  G2 Drills Multiple Near Surface Intercepts in New Oko Discovery Area

  Mining Review 6th July 2025

  AIC Mines FY25 Production Guidance Achieved at Eloise Copper Mine

  NEW MURCHISON GOLD HIGH-GRADE GOLD AT CROWN PRINCE

  Meeka Pours First Gold at the Murchison on Schedule

  Barton Gold Acquires the Wudinna Gold Project

  Barton Gold Grows Resources at Central Gawler Mill

  Market Review June 2025 published

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 may hold shares in some or all of the companies mentioned

.

Equinox Gold. (TSX / NYSE: EQX)

Provided an update from the exploration campaign at its producing El Limon Mine Complex in Nicaragua.

Initial results of the planned 100,000 metres of discovery and resource expansion diamond drilling at El Limon in 2025 have yielded the highest-grade gold mineralization discovered to date on the property.

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El Limon Mine – Credits Calibre Mining

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New Murchison Gold (ASX: NMG)

Provided shareholders and investors with an exploration and operations overview to accompany the Appendix 5B for the quarter ending 30 June 2025.

New Murchison Gold has an Ore Purchase Agreement with Westgold Resources which will underpin production from NMG’s Crown Prince deposit near Meekatharra, Western Australia in 2025.

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Crown Prince drilling – Courtesy of New Murchison Gold

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New Murchison Gold June 2025 Quarter Activities Report

New Murchison Gold Limited (ASX:NMG) (“NMG” or the “Company”), a Western Australian gold exploration and development Company, is pleased to provide shareholders and investors with an exploration and operations overview to accompany the Appendix 5B for the quarter ending 30 June 2025 (“Quarter” or the “Reporting Period”).

New Murchison Gold has an Ore Purchase Agreement (OPA) with Westgold Resources Limited which will underpin production form NMG’s Crown Prince deposit near Meekatharra, Western Australia in 2025.

The Company is developing the Crown Prince Project (M51/886) part of NMG’s broader Garden Gully tenure package towards first gold production.

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HIGHLIGHTS

Crown Prince Project Development
• Approvals Received – The Crown Prince Mining Proposal and Mine Closure Plan approvals were secured during the quarter.
• Development Decision – the Board of NMG resolved to proceed with project development which will see the Company transition from explorer to gold miner in the September quarter.
• Major Contracts Executed – Development, drilling, mining and site infrastructure contracts have been awarded to experienced contractors to ensure high quality, efficient delivery.
• Site Mobilisation and Operational Preparation – Critical equipment and workforce were mobilised to site late during the quarter commencing site establishment works and mining activity.
• First Blast Completed on 30 June 2025 – the first blast marks the official commencement of mining at Crown Prince.
• Timing of first gold-in-ore sales – Subsequent to quarter end, site establishment has continued at a rapid pace with the Company on track for first ore sales to Westgold’s Bluebird Mill (BBGO) in September 2025.
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Capital Raise

• In June 2025, the Company received firm commitments for a two-tranche equity placement of new shares to raise $12 million at $0.017 per share. Tranche 1 proceeds of $8 million were received in early July with the remaining $4 million subject to Shareholder approval at the General Meeting to be held on 15 August 2025.
• In conjunction with the placement, the Company launched a share purchase plan (SPP) (at the same price), to enable existing shareholders to participate.

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Corporate

• Cash balance of $14.5 million cash and is well funded to pursue ongoing technical programs and commercialisation options at Crown Prince.

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NMG CEO, Alex Passmore commented;

“The June quarter was a pivotal period with the Company receiving key approvals and committing to a development decision for the Crown Prince Gold Mine.

 

“The completion of the first blast on 30 June 2025 is a huge milestone for the Company with mining commencing only a few days after mining approvals were received.

 

“We are on schedule for first ore deliveries to Westgold’s Bluebird mill in September.

 

“The Company looks forward to production of ore from the Crown Prince open pit shortly ahead of stockpiling, crushing and sampling. Production is set to ramp up from September.

 

“Outside of production preparation the Company pleasingly returned some very impressive exploration results during the quarter.

 

“The deeper drilling at Crown Prince indicates that the project is likely to continue past the open pit currently planned and the Company is shortly commencing its studies on an underground development.”

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To read the full news release please click HERE

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..

.To View New Murchison 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.

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 New Murchison Gold.

.

Catalyst Metals (ASX: CYL)

Announced it has agreed a three-year, A$100m revolving credit facility with a syndicate of lenders comprising Westpac, National Australia Bank and Societe Generale.

Catalyst has not, nor does it intend to, draw on the debt facility.

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Catalyst Metals Mining, courtesy of Catalyst Metals

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Catalyst Metals obtains A$100m Revolving Credit Facility

Catalyst Metals Limited (Catalyst or the Company) (ASX:CYL) is pleased to announce it has agreed a three-year, A$100m revolving credit facility with a syndicate of lenders comprising Westpac, National Australia Bank and Societe Generale.

Catalyst’s recent A$150m placement, existing cash reserves and strong underlying free cashflow places the business is a strong financial position.

This additional, and undrawn, A$100m revolving facility demonstrates the creditworthiness of the business, begins building these important financial relationships and further enhances the company’s balance sheet to pursue its growth plans.

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Highlights

• Catalyst has signed a Syndicated Facility Agreement with Westpac, National Australia
Bank (NAB) and Societe Generale
• The facility gives Catalyst access to A$100m of financing, should it choose to draw on it
• Catalyst has not, nor does it intend to, draw on the debt facility
• By entering into this facility, Catalyst is not only improving its balance sheet but also
establishing important relationships with highly credible financiers such as NAB,
Westpac and Societe Generale
• The terms of the facility include
o A$100m Revolving Credit Facility (RCF)
o A$10m Contingent Instrument Facility
o No mandatory hedging
o 3-year tenor
• In May 2025, Catalyst completed a A$150m placement to institutional investors
• The facility gives Catalyst further liquidity and provides additional flexibility as the
business grows.

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Catalyst’s Managing Director & CEO, James Champion de Crespigny, commented:

“Catalyst would like to thank the mining finance teams at NAB, Westpac and Societe Generale for the work they have put in to executing this facility.

 

“We place enormous value on these important relationships.

 

“This support from tier 1 lenders is an important step for Plutonic given it was losing money when Catalyst acquired it two years ago.”

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To read the full news release please click HERE

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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

.

=======

,

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 Catalyst Metals. 

.

To read our full terms and conditions, please click HERE

——-

To read the full news release 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 Catalyst Metals. 

.

To read our full terms and conditions, please click HERE

Capricorn Metals (ASX: CMM)

Capricorn and Warriedar Resources Limited (ASX: WA8)  announced that they have entered into a binding Scheme Implementation Deed under which it is proposed that Capricorn will acquire 100% of the securities in Warriedar by way of a Court-approved scheme of arrangement under Part 5.1 of the Corporations Act 2001.

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Capricorn Metals Karlawinda Mine – Credit Capricorn Metals

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CAPRICORN METALS TO ACQUIRE WARRIEDAR RESOURCES

Capricorn Metals Limited (ASX: CMM) (Capricorn) and Warriedar Resources Limited (ASX:WA8) (Warriedar) are pleased to announce that they have entered into a binding Scheme Implementation Deed (SID) under which it is proposed that Capricorn will acquire 100% of the securities in Warriedar by way of a Court-approved scheme of arrangement under Part 5.1 of the Corporations Act 2001 (Cth) (Scheme).

.HIGHLIGHTS

• All-share consideration from Capricorn is highly compelling and mutually beneficial:

­ Capricorn secures Warriedar’s flagship Golden Range Project (GRP), including the
Ricciardo gold-antimony deposit and the Fields Find gold project, all located 90
kilometres north of Capricorn’s exciting development at the Mt Gibson Gold Project
(MGGP).

­ Warriedar shareholders benefit from an immediate premium and unlocking of GRP’s
value by de-risking future funding and development through leveraging Capricorn’s
proven experience in developing and operating gold mines, all while receiving
immediate exposure to production from Capricorn’s Karlawinda operation and nearterm development of MGGP.

• The GRP complements the MGGP making a strategic contribution to the enlarged groupforma Capricorn by:
­ immediately adding 2.3Moz AuEq (1.38Moz gold and 60kt antimony) (31Mt at 2.3 g/t
AuEq), an increase of ~25% to Capricorn’s existing Western Australian Mineral
Resource base of 6.8 Moz (247.8 Mt at 0.85g/t Au)

• Warriedar shareholders will receive 1 new Capricorn share for every 62 Warriedar
shares held and in total will own ~4.36% of Capricorn’s shares upon implementation of
the Scheme.
• Based on Capricorn’s closing price of A$9.60 per share on 23 July 2025, the transaction implies a value of ~A$0.155 per Warriedar share (Implied Offer Price) which represents
a:
­ 29% premium to Warriedar’s closing share price of A$0.12 on 23 July 2025;
­ 35% premium to Warriedar’s 30-day volume-weighted average price (VWAP) of
A$0.115 per share; and
­ 55% premium to Warriedar’s recent capital raise and SPP announced on 28 May 2025
of A$0.10 per share.
• The Warriedar Board has unanimously recommended the Scheme, in the absence of a Superior Proposal (as defined in the SID) emerging and subject to an independent expert concluding (and continuing to conclude) that the Scheme is in the best interests of Warriedar shareholders.

,

Capricorn’s Executive Chairman, Mark Clark, said:

“We are excited to announce the acquisition of Warriedar. This is a compelling transaction for all stakeholders, and we believe that combining Capricorn and Warriedar represents a unique opportunity to generate value for shareholders of both companies.

 

“This acquisition is on-strategy and continues the expansion of Capricorn’s Mt Gibson exploration and development footprint and adds resource ounces, highly prospective exploration targets and valuable infrastructure which will further enhance what is clearly one of the best development projects in the Australian gold industry.

 

“The Scheme announced today provides Warriedar shareholders with an excellent opportunity to become shareholders in a leading Australian mid-tier gold producer with a unique growth outlook, featuring two high-quality, high-margin mines in Western Australia with over 4 million ounces in reserves, projected combined annual production of 300,000 ounces, and mine lives exceeding 10 years.

 

“Further, the structure also ensures Capricorn preserves its strong balance sheet capacity enabling the business to support current growth plans and continue to consider additional opportunities in the future.”

 

“We look forward to welcoming Warriedar shareholders onto the Capricorn share register. The all share transaction structure enables Warriedar shareholders to continue to participate in the Golden Range and Fields Finds projects and a broader growth journey through the Capricorn business.”

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=======

To read the full report 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.

.

Disclosure

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

.

To read our full terms and conditions, please click HERE

G Mining Ventures (TSX: GMIN)

Announced that a recent ruling by the 8th Federal Environmental and Agrarian Court of the Judicial Section of Maranhão has provided regulatory clarity for the advancement of the Gurupi Gold Project in Brazil.

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G Mining Ventures Updates on Gurupi Project Licensing Process

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Orla Mining (TSX: OLA; NYSE: ORLA)

Reported that an uncontrolled material movement event occurred today on the pit wall at its Camino Rojo Oxide Mine in Zacatecas, Mexico.

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Orla Mining heap leach pad, Solution pond, and Merrill-Crowe plant – Credits Orla Mining

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Barton Gold (ASX: BGD)

Announced that preliminary engineering analysis has confirmed that full reinstatement of the Central Gawler Mill  to its original 600ktpa fresh ore configuration is estimated at only A$26m (±30%), including (among others) upgrades to mill motors, automation and a new pre-leach thickener to improve efficiency.

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Credits Barton Gold

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Barton Gold Announce Gawler Mill Refurbishment Estimated at A$26m

Preliminary evaluation confirms low-cost pathway to production

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Barton Gold Holdings Limited (ASX:BGD, FRA:BGD3, OTCQB:BGDFF) (Barton or Company) is pleased to share that preliminary engineering analysis has confirmed that full reinstatement of the Central Gawler Mill (CGM) to its original 600ktpa fresh ore configuration is estimated at only A$26m (±30%), including (among others) upgrades to mill motors, automation and a new pre-leach thickener to improve efficiency.

HIGHLIGHTS

• Capital cost for full reinstatement of Central Gawler Mill to original design basis (600ktpa fresh ore) estimated at only ~A$26m (±30%); processing cost estimated at only A$44.50/t
• Significant cost advantages versus building a new mill, or utilising third party toll milling
• Targeting feasibility by end of 2025 to support initial ‘Stage 1’ operations by end of 2026;
early conversations underway for low-dilution credit and working capital financing

——-

 Barton Managing Director Alexander Scanlon commented;

“Our Central Gawler Mill offers significant leverage for a low-cost transition to production.

 

“A refurbishment cost of only A$26m is a fraction of the cost of building new, and the option to defer material elements of capex if first reprocessing tailings offers further advantages.

 

“Existing infrastructure also offers more financing options, and we don’t need to seek third party toll milling services while sacrificing profitability.

 

“The building blocks for our regional development strategy are now in place, and we look forward to kicking it off at the Central Gawler Mill.”

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——-

To read the full news release please click 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

Caprice Resources (ASX: CRS)

Provided an update on its Phase 3 Reverse Circulation drill programme at the Island Gold Project.

The Company has received its first batch of Phase 3 assay results from New Orient and Vadrian’s, which represents 17 holes of the 43-hole Phase 3 Program, with assays for remaining 26 holes due to be received in coming weeks.

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Caprice Resources project map – Courtesy of Caprice Resources

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CAPRICE RESOURCES REPORTS EXCEPTIONAL HIGH-GRADE INTERCEPTS
AT THE ISLAND GOLD PROJECT

Caprice Resources Ltd (ASX: CRS) (Caprice or the Company) is pleased to provide an update on its Phase 3 Reverse Circulation (RC) drill programme at the Island Gold Project (IGP).

The Company has received its first batch of Phase 3 assay results from New Orient and Vadrian’s, which represents 17 holes of the 43-hole Phase 3 Program, with assays for remaining 26 holes due to be received in coming weeks.

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HIGHLIGHTS

• The first batch of phase 3 assays returned the best drill intercept to date of 11m at 17.3 g/t gold at Vadrian’s confirming the recent Evening Star1 discovery as a new high-grade lode, doubling the strike of the high-grade system to at least 350m and extending the mineralisation at depth where it remains open.
• Significant new high-grade gold intercepts at Vadrian’s include:
• 11m @ 17.3 g/t Au from 170m downhole in 25IGRC046, including:
▪ 9m @ 21.0 g/t Au from 170m downhole.
• 10m @ 11.7 g/t Au from 175m downhole in 25IGRC042, including:
▪ 8m @ 14.4 g/t Au from 176m downhole

• Gold mineralisation at Vadrian’s remains open in multiple directions – Further assay results expected in coming weeks.

——-

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CEO, Luke Cox, commented:

“The Phase 3 RC drill programme has delivered one of our best Island Gold Project results to date, intersecting 11m at 17.3 g/t gold from 170m, highlighting the exceptional depth, width and grade expansion of the Vadrian’s gold deposit, noting that high-grade gold mineralisation remains open in all directions.

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“Drilling around New Orient also discovered significant new gold mineralisation 80m west of the main lode and confirmed the southern continuation of mineralisation under thin sediment cover which had not been previously drill tested, all leading the way for our next round of drilling.

 

“The focus is to deliver a significant maiden high-grade gold resource at Caprice’s Island Gold Project, which is strategically located between Ramelius Resources Ltd and Westgold Resources Ltd gold processing facilities in the highly prospective Murchison Goldfields district of Western Australia”.

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——-

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To read the full news release please click HERE

.

.To View Caprice Resources’ 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

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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 Caprice Resources

.

Barton Gold (ASX: BGD)

Confirmed that the further soil geochemistry programs have been completed on two key regional targets.

A total of 501 samples (including duplicates) have been collected at Black Oak Tank and 308 over a combined area of ~29km2 , with assay results expected to be received during October 2025.

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Photo courtesy of Barton Gold

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Barton Gold Completes Additional Regional Soil Sampling Programs Testing

regional exploration targets in ‘Stage 1’ development area

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Gold Holdings Limited (ASX:BGD, FRA:BGD3, OTCQB:BGDFF) (Barton or Company) is pleased to confirm that the further soil geochemistry programs have been completed on two key regional targets.

The ‘Black Oak Tank’ prospect is located on the northern margin of the Lake Labyrinth Shear Zone, on Exploration Licence (EL) 6210 at the Company’s South Australian Tarcoola Gold Project (Tarcoola).

The ‘308’ prospect is located to the northeast of the Company’s Central Gawler Mill, on EL 6502, at the Company’s South Australian Challenger Gold Project (Challenger).

A total of 501 samples (including duplicates) have been collected at Black Oak Tank and 308 over a combined area of ~29km2 , with assay results expected to be received during October 2025.

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HIGHLIGHTS

• Soil sampling recently completed over ~1.9km2 surrounding Tolmer high-grade silver discovery
• Additional ~23km2 program completed at ‘Black Oak Tank’ prospect (Tarcoola Gold Project)
• Additional ~6km2 program completed at ‘308’ prospect ~20km northeast of Central Gawler Mill
• Tolmer, Black Oak Tank and 308 soil assay results expected during September & October 2025

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Barton Managing Director Alexander Scanlon said:

“With the core platforms now established for our planned ‘Stage 1’ operations at the Central Gawler Mill, and a subsequent ‘Stage 2’ expansion at Tunkillia, Barton will advance those projects in parallel while remaining focused on opportunities to more fully leverage that existing and planned future infrastructure in the future.

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“Our unique regional infrastructure and operating platform provides multiple advantages in testing exploration targets and progressing development prospects.

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“As this regional platform grows, we can play an increasingly active role in unlocking and accelerating value in previously isolated regional assets.

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“Our recent Tolmer high-grade gold and silver discoveries, and our proposed acquisition of Cobra Resources’ Wudinna Gold Project, are strong examples of complementary exploration and development initiatives.

..

 

“These offers significant optionality to our ‘Stage 1’ Central Gawler Mill and planned ‘Stage 2’ Tunkillia mill, respectively.”

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.

——-

To read the full news release please click 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

Ora Banda Mining (ASX: OBM)

Provided the following production results for FY25 and the June quarter, with the full quarterly results expected to be released in late July.

The Company also includes Guidance for FY26 in this release.

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Riverina adit – Courtesy of Ora Banda Mining

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Ora Banda FY25 Production Results & FY26 Guidance

Ora Banda Mining Ltd (ASX: OBM) (“Ora Banda”, “OBM” or “Company”) provides the following production results for FY25 and the June quarter, with the full quarterly results expected to be released in late July.

The Company also includes Guidance for FY26 in this release.

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FY25 performance:

• Gold produced (including attributed ounces) for the June 2025 quarter totalled 21.9koz;
impacted by the slower than expected ramp up of the Mill1 and mining delays at Riverina Underground deferring 3koz in high grade stopes into early July.

Gold production includes attributed equivalent production of 1.4koz from third party processing of ore sold by OBM to Norton Gold Fields (“NGF”) (Paddington Mill) in June under an ore sale agreement.
• June quarter Gold sold totalled 20.2koz processed through Davyhurst processing plant
• Gold production in FY25 continued the organic growth of OBM with a 32% increase on FY24,
and the second year of over 30% year-on-year organic growth with 92.4koz produced
(including the above mentioned attributed equivalent production of 1.4koz)
• Closing cash of $84.2M, reflecting $57.4M in free cash flow in FY25 and increased $3.5M in the June quarter
• Closing Stockpiles of 165kt at 1.9g/t for 10koz (including medium grade of 63kt @2.8g/t for 5.7koz) sets the Company up well for the start of FY26.

In addition, the June quarter ended with 2.8koz in GIC.

FY26 Guidance:

Gold Production Koz 140 – 155*
AISC A$/oz 2,800 – 2,900

Exploration & Resource Development $M 73
Growth Capital, comprised of: $M 86
– UG Development & Infrastructure $M 37
– Process Plant Upgrades $M 6
– Other Projects (e.g. airstrip, camps) $M 43

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——-

To read the full news release, please click HERE

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Lefroy Exploration (ASX: LEX)

Announced that it has entered into a Profit Cash Advance Facility Agreement with BML Ventures Pty Ltd with regards to 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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Courtesy of Lefroy Exploration

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Lefroy secures crucial funding via BML Lucky Strike Profit Cash Advance Agreement

16 July 2025

Lefroy Exploration Limited (“Lefroy” or “the Company”) (ASX: LEX) is pleased to announce that it has entered into a Profit Cash Advance Facility Agreement with BML Ventures Pty Ltd (“BML”) with regards to the Lucky Strike Gold Deposit (“Lucky Strike”).

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).

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Highlights

• Lefroy is now fully funded until profit-share distributions commence at Lucky
Strike in 1/H 2026, avoiding dilution of existing shareholders.
• Total funding commitment of $2.5 million, with the first cash advance of $1
million to be completed by the end of the September FY26 quarter.
• Additional advances of $500,000 to be available in each of the December,
March and June FY26 quarters.
• All cash advances to be offset against Lefroy’s 50% entitlement under its
existing Profit-Sharing Agreement with BML.
• Recourse under the facility security is limited to the Lucky Strike mining
tenement, no upfront fees and a coupon rate of 8% per annum.
• Substantially strengthens our cash position, which will enable the Company to
embark on additional high impact exploration programs across the broader
Lefroy tenure throughout the remainder of 2025 and beyond.

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Lefroy CEO Graeme Gribren commented:

“Securing a funding solution for Lefroy with our profit-sharing partner BML places the Company in a strong cash position as we advance towards operations at Lucky Strike in late 2025.

 

“BML’s support is a major vote of confidence in the Company and the Lucky Strike project, ensuring that Lefroy is fully funded as both parties advance toward profit share distribution in FY 2026.

“Lastly, and most importantly, this funding agreement avoids dilution of both new and long-term loyal Lefroy shareholders, whilst retaining 100% ownership of our Mineral Resources and the tenements that underlie them”.

——-

BML is a privately owned mining contractor based in Kalgoorlie and has a strong track record of funding, developing, and operating open pit gold mines.

With a strong technical focus, BML uses its low-cost owner/operator mining fleet and its
relationships with local toll treatment operators to maximise profitability and cash generation from small to medium sized mining projects.

Lefroy entered into a Profit-Sharing Agreement with BML in February 2025 in relation to the Lucky Strike Gold Project (refer ASX announcement 12 February 2025).

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——-

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To read the full news release, 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

.

G2 Goldfields Inc. (TSX: GTWO)

Announced new the best assay results to date from the Company’s ongoing drilling program in the greater OKO-AREMU district, Guyana.

G2 currently holds exploration rights to 83,967 acres in the district and the New Oko Discovery Area represents the third significant gold discovery on the Company’s holdings.

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G2 Drills Best Holes to Date in New OKO Surface Discovery

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TORONTO, July 15, 2025 (GLOBE NEWSWIRE) —G2 Goldfields Inc. (“G2” or the “Company”) (TSX: GTWO; OTCQX: GUYGF) announces new assay results from the Company’s ongoing drilling program in the greater OKO-AREMU district, Guyana.

G2 currently holds exploration rights to 83,967 acres in the district and the New Oko Discovery Area represents the third significant gold discovery on the Company’s holdings.

Drill results within this release are part of an ongoing program from a new discovery initially announced in March (see press releases dated March 18, April 1, April 28 and June 9, 2025, available on SEDAR+ and the Company’s website) which lies 10km north of its existing gold resources at the Oko-Ghanie Deposit (1.5 million ounces indicated at 3.40 g/t Au and 1.6 million ounces inferred at 2.48 g/t Au).

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Highlights

• Drilling intersects broad zones of high-grade gold mineralization down plunge of original Discovery Zone
• High grade intersections include:
  • AMD30 –5.9g/t Au over 60 metres(m)including9.3g/t Au over 22.5m
  • AMD50 –2.2g/t Au over99.9mincluding5.5g/t Au over25.5m
  • AMD37 –3.0g/t Au over51.0mincluding6.3g/t Au over10.5m
• Five drill rigs active in the Discovery Area
• Updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) anticipated in Q4 2025

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Multiple gold targets have been delineated north of existing resources along a 15km trend.

Figure 1 — Plan View of District Target Areas

G2 has completed 69 diamond drill holes totalling 13,239m in the New Oko Discovery Area, where 56 of these holes targeted the ‘Main Shear’. This release provides assay results for 25 drill holes (AMD26 to AMD50 inclusive) totalling 4,113m, of which, 17 holes targeted the Main Shear Zone. Complete results for all 25 holes are available here 

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Discussion of Results

Drilling is primarily focused on exploring for gold mineralisation down-plunge of previously reported near surface gold intercepts. Broad zones of gold mineralisation were intercepted at vertical depths of up to 150m, with a distinct high-grade zone of mineralisation encountered in the south-western portion of the 700m long zone.

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Figure 2 – Long Section of New OKO Discovery

north of the New OKO Discovery and require further work.

Figure 4 – Plan View of New OKO Discovery

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Boaz Wade, VP Exploration, commented;

“This round of drilling, which was aimed at targeting higher grade zones, has delivered the two best down-hole intercepts on the New Oko Discovery to date.

“The other drill holes indicate continuity of mineralization within a plunging high-grade shoot as well as along strike in the broader shear structure.

“Extensions to the high-grade zone intersected by holes AMD30 and AMD50 will be part of the target areas for the next phase of drilling as we aim to aggressively advance exploration on this discovery with multiple drill rigs.”

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Galiano Gold (TSX: GAU) (NYSE: GAU) 

Announced positive results from a deep step-out drilling program at the Abore deposit, with mineralization intercepted in all four holes across a 1,200 m strike length.

This drilling campaign reinforces Abore’s expansion potential at depth.

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Abore Gold Mine – Credits Galiano Gold

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

Announced the positive results of a PEA prepared in accordance with NI 43-101 – for a toll milling mine operation at its 100%-owned Rowan project in the Red Lake Gold District of northwestern Ontario, Canada.

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Madsen Mill – Courtesy of West Red Lake Gold Mines.

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West Red Lake Gold Announces Positive Preliminary Economic Assessment for the Rowan Project, Including Over 35,000 oz. Average Annual Production and 42% After-Tax IRR

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West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or the “Company”) (TSX.V: WRLG)  is pleased to announce the positive results of a Preliminary Economic Assessment (“PEA”) prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) for a toll milling mine operation at its 100%-owned Rowan project in the Red Lake Gold District of northwestern Ontario, Canada (“the Rowan Project”).

All dollar amounts in this news release are in Canadian dollars unless otherwise indicated.

The effective date of the PEA is June 30^th, 2025, and a technical report relating to the PEA (the “Technical Report”) will be filed on SEDAR+ within 45 days of this news release.

Rowan PEA Highlights:

• High-Grade Efficient Mine: Underground mine via long hole retreat method, delivering an average diluted head grade of 8.0 grams per tonne (“g/t”) gold (“Au”), accentuated by 10.4 g/t Au average grade in Year 1.
• Notable Production: 35,230 oz. average annual Au production over the 5-year mine life from an average mining rate of 385 tonnes per day (“tpd”).
• Strong Value: $125.3M post-tax Net Present Value (“NPV”) at US$2,500 per oz Au. Post-tax NPV rises to $239M at US$3,250 per oz Au.
• Low Costs and Strong Returns: US$1,408/oz  all-in sustaining cost (“AISC”) and 41.9% post-tax internal rate of return (“IRR”), underscoring the viability of the Company’s second potential mine in the region. IRR increases to 81.7% at a US$3,250/oz gold price.
• Modest Initial Capital: Multiple mills in the area with excess capacity create the opportunity to develop Rowan as a toll milling operation with initial capital of just over $70 million. 

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Shane Williams, President and CEO said; 

“Rowan is a high grade, relatively wide, nearly vertical deposit that starts at surface and this PEA captures how such designed-for-mining characteristics lead to strong economics.

 

“There is ample opportunity to grow the resource further at Rowan along strike, at depth, and via discovery at new nearby targets, but we ideally want to do that work while turning this asset into a mine sending high-grade mineralization to an operating mill in the area and potentially generating significant revenue for the Company.

 

“A NPV of $239 million at close-to-spot gold pricing provides a compelling case to advance Rowan swiftly from here.

 

“We plan to advance engineering work while completing a drill program to infill gaps that prevented parts of the resource from being considered in the mine plan and upgrade roughly 37% of the mine plan tonnes that currently sits within the inferred resource category.

 

“That work will inform and maximize the value outlined in a PFS that we target issuing within 12 months that would be completed in tandem with permitting efforts at Rowan.

 

“It is also positive that the recent enactment of Bill 5 in Ontario creates potential for a simplified, collaborative, and expedited permitting process.”

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Kaiser Reef (ASX: KAU)

Reported on its gold production for the quarter ending 30 June 2025.

The newly acquired Henty Gold Mine produced 4,069 Oz gold in half a quarter, equating to over 30,000 ounces per annum if production is maintained at the same rate.

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Kaiser Reef Henty Gold mine, Tasmania – Credits Kaiser Reef

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Kaiser Reef Production Update – June Quarter

ASX RELEASE I 8 JULY 2025

Kaiser Reef Limited (ASX:KAU) (“Kaiser” or the “Company”) is pleased to report on its gold production for the quarter ending 30 June 2025.

During the quarter, on 15 May 2025, Kaiser settled the acquisition of the Henty Gold Mine and associated Tasmanian exploration tenements (“Henty”) from Catalyst Metals Limited (ASX:CYL) (“Catalyst”) and has integrated Henty into the Kaiser business.

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Highlights

Henty Gold Mine Production (processed and reconciled) (15 May – 30 June)
• Henty bedded in under Kaiser ownership
• Tonnes (dry) processed: 35,853t
• Head grade: 4.05g/t
• Processing recovery: 87.1%
• Gold produced: 4,069oz Au

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Maldon Gold Mine Production (processed and reconciled) (1 April – 30 June)
• Includes A1 Gold Mine and ore purchases from third parties
• Tonnes (dry) processed: 10,918t
• Head grade: 2.42g/t
• Processing recovery: 89.0%
• Gold produced: 756.3oz Au

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A1 Gold Mine Production (mine production reconciled) (1 April – 30 June)
• A1 remains in a development phase, establishing operations below historical workings
• Tonnes (dry) mined: 4,262t
• Head grade: 4.03g/t
• Gold mined: 551.7oz Au

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Kaiser’s Managing Director, Jonathan Downes, commented:

“This has been a landmark quarter for Kaiser, headlined by the acquisition of the Henty Gold Mine in Tasmania, a profitable production centre with at least a 5-year mine life, based on Reserves, and fantastic exploration potential.

“We are very pleased with the transition overall and how the Henty team has come on board with Kaiser.

“With the Henty transaction completed, Kaiser has transformed into a company with three gold projects, two operational, and two gold processing plants in a great macro environment for gold.

“This is the single biggest quarter of production for Kaiser and we look forward to building from here. 

We will update the market further with our full quarterly report later in the month.”

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——-

To read the full news release 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.

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Disclosure

At the time of writing the author holds shares in Catalyst Metals. 

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