Catalyst Metals (ASX: CYL)

Entered into gold forward contracts of 30,000 ounces of gold at a fixed price of A$6,075 per ounce.

Deliveries are spread evenly over 15-months at 2,000 ounces per month, commencing August 2026.

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Mining underground, courtesy of Catalyst Metals

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Catalyst secures gold price protection regime

Catalyst Metals Limited (Catalyst or the Company) (ASX:CYL) has entered into gold forward contracts of 30,000 ounces of gold at a fixed price of A$6,075 per ounce.

Deliveries are spread evenly over 15-months at 2,000 ounces per month, commencing August 2026.

This amounts to 2% of Reserves or one quarter of production.

This structure gives Catalyst flexibility to deliver early into contracts should prices fall quickly, while also retaining the majority of gold price exposure should prices rise over this period.

Gold price volatility of the kind the industry has experienced recently can be destabilising.

While gold prices can change daily, operations take time to change. To address this inherent risk, a short-term price protection regime is prudent to manage volatility and ensure greater operational stability.

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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 Catalyst 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 Catalyst Metals

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Minerals 260 (ASX: MI6)

Reported an updated Mineral Resource Estimate for the Bullabulling Gold Project, located 25 km south-west of Coolgardie in Western Australia.

The Mineral Resource Estimate increases 38% to 190Mt at 1.0g/t Au for 6.2Moz, an additional 1.7Moz from the previous MRE of 4.5Moz announced in December 2025.

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Project location map – Courtesy of Minerals 260 Ltd.

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Minerals 260 Bullabulling Resource Increases to 6.2M oz Gold

Bullabulling reinforced as one of Australia’s leading gold development projects

Minerals 260 Limited (ASX:MI6) is pleased to report an updated Mineral Resource Estimate for the Bullabulling Gold Project (“Bullabulling” or the “Project”), located 25 km south-west of Coolgardie in Western Australia.

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Highlights

• Bullabulling Mineral Resource Estimate (“MRE”) increases 38% to 190Mt at 1.0g/t Au for 6.2Moz, an additional 1.7Moz from the previous MRE of 4.5Moz announced in December 2025.
• 4.4Moz (71%) of the MRE is classified as Indicated, a 1.4Moz (47%) increase from the previous MRE.
• Drilling confirmed extensions of the MRE at depth at Dicksons, Phoenix, Bacchus, Kraken and Gibraltar, including multiple high-grade intercepts, resulting in an increased depth of over 100m in some areas.
• 6.2Moz MRE provides a materially larger Resource for optimisation during the Definitive Feasibility Study (“DFS”) which commenced in May 2026, and an updated Ore Reserve targeted for release in Q1 CY2027.
• MRE growth remains a focus, with drilling to continue to target mineralisation at depth and along strike.

Minerals 260 will also commence regional exploration across the 1,160km2 of largely contiguous tenure that it controls.
• 6.2Moz MRE incorporates results from ~78,000m of additional drilling by Minerals 260, an updated pit shell gold price of A$5,250/oz Au, a cut-off grade of 0.35g/t Au and metallurgical recoveries of 92% (average recovery at resource grade).

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Management Comment

Minerals 260 Managing Director, Luke McFadyen, said:

“This is an outstanding result for Minerals 260 and our shareholders.

 

“In just 15 months since acquiring the Project, we have grown the Mineral Resource from 2.3Moz Au to 6.2Moz Au, while significantly increasing Resource confidence with 4.4Moz Au now classified as Indicated.

 

“This growth has been delivered through more than 170,000m of drilling from approximately 1,000 holes completed by Minerals 260, while simultaneously advancing Bullabulling through a successful Pre-Feasibility Study and commencing early construction works.

 

“Importantly, most of the ounces have been added in the Phoenix-Bacchus deposits, which now contain 4.7Moz and provide a strong foundation for a long-life mining
operation.

 

“Bullabulling is firmly established as one of Australia’s premier gold development projects and our strategic objective of creating a large-scale operation by the end of 2028 continues to progress rapidly.”

 

Catalyst Metals (ASX: CYL)

Reported quarterly gold production from the Plutonic Gold Belt of 31,812oz.

Gold production for the FY26 year was 104koz which is in line with the Company’s guidance range of 100,000oz to 110,000oz.

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Plutonic Gold Mine at night – Courtesy of Catalyst Metals

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Catalyst Metals FY26 Production Update

Record quarterly and annual gold production for the Plutonic Gold Belt under
Catalyst ownership 

Catalyst Metals Limited (Catalyst or the Company) (ASX:CYL) is pleased to report quarterly gold production from the Plutonic Gold Belt of 31,812oz.

Gold production for the FY26 year was 104koz which is in line with the Company’s guidance range of 100,000oz to 110,000oz.

.Highlights

• Quarterly gold production of 31,812oz
• Annual gold production of 104koz, in line with FY26 guidance of 100–110koz
• Highest quarterly and annual gold production at Plutonic since 2013 under Barrick’s
ownership
• Production sourced from four mines across the Plutonic Gold Belt – Plutonic Main,
Plutonic East, Trident open pit and K2
• Cash and bullion at 30 June of A$323m, a A$46m increase since 31 March and A$85m increase in the six months to 30 June 2026 (after exploration, capital and corporate expenditure)
• Catalyst is debt free – undrawn debt facility of A$100m provides liquidity of A$423m

Catalyst’s management commented:

“Delivering +30koz, within our FY26 guidance range, reflects a year of consistent operating performance across the Plutonic Gold Belt.

 

“Three years’ ago, Plutonic was producing 15koz per quarter. This quarter we achieved ~30koz, – a doubling of production under Catalyst’s ownership and a pleasing milestone for those that have been with us on the journey.

 

“With the Trident gold deposit’s development progressing well, its expected production contribution of ~15-20koz gold per quarter is looking increasingly likely.”

Production update

Production during the quarter was sourced from four mines across the Plutonic Gold Belt – Plutonic Main, Plutonic East, the Trident open pit and K2 underground.

Ore sourced from Plutonic East and K2 is working well under the hub and spoke model.

K2’s progress from development into ore production occurred during the quarter.
Commercial production from the mine appears to be tracking as forecast with grade
reconciliations, ground conditions and other key operating metrics as expected.

Recoveries may be higher than forecast with further work required to understand this.

Open pit ore sources from Trident are also processing at higher recovery rates.

Should K2’s development continue as expected, it would become the third deposit
developed on time and budget by Catalyst within its three-year ownership of the Plutonic Belt.

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 Catalyst 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 Catalyst Metals

Lefroy Exploration (ASX: LEX)

Announced that the Scoping Study for its 100%-owned Mt Martin Gold Project has commenced,. The Mt Martin Gold deposit is located in the Location 45 freehold property within the Eastern Goldfields of Western Australia.

The Mt Martin Gold Deposit contains an MRE of 9.1Mt @ 1.6 g/t Au for 460,000 ounces of gold.

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Lafroy Exploration drill crew, Western Australia – Courtesy of Lefroy Exploration

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Lefroy Mt Martin Scoping Study Commences

30 June 2026

Lefroy Exploration Limited (“Lefroy” or “the Company”) (ASX:LEX) is pleased to announce that the Scoping Study for its 100%-owned Mt Martin Gold Project has commenced, with the Measured Group engaged to lead and coordinate the Study.

The Mt Martin Gold deposit is located in the Location 45 freehold property within the Eastern Goldfields of Western Australia.

The Mt Martin Gold Deposit contains an MRE of 9.1Mt @ 1.6 g/t Au for 460,000 ounces
(Indicated 3.9 Mt @ 1.60 g/t Au for 200,500 oz. Inferred 5.2 Mt @ 1.6 g/t Au for 259,500 oz).

(For full details please refer to ASX release 5 May 2026).

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HIGHLIGHTS

• Lefroy Exploration has commenced a Scoping Study for its 100%-owned Mt
Martin Gold Project, with the Measured Group appointed to lead and
coordinate the study.
• The Scoping Study follows the recently announced updated high-grade Mt
Martin Mineral Resource Estimate of 9.1Mt @ 1.6g/t for 460k oz of gold.
• The Company’s recent $3.6 million placement provides funding to accelerate
Mt Martin evaluation activities and progress key technical studies.
• The Study will assess potential development scenarios, including open pit
mining options, processing strategies, infrastructure requirements and project
economics.
• The Study forms part of Lefroy’s broader strategy to advance its compelling
gold portfolio, comprising greater than 1 million ounces of JORC compliant
Mineral Resources across its projects, and establish pathways to value
creation.
• At the Lucky Strike Operations our mining partner BML received approvals to
expand dewatering capacity, with grade control drilling followed by mining to
resume in the first half of the September quarter.

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LEFROY MANAGING DIRECTOR, GRAEME GRIBBIN, COMMENTED:

“The commencement of the Mt Martin Scoping Study represents a significant milestone for Lefroy as we continue advancing our portfolio of high-grade gold assets.

 

“With a significant mineral resource base exceeding 1 million ounces of contained gold, the Company is establishing a strong platform for future growth and value creation.

 

“The Mt Martin Scoping Study will provide Lefroy with the technical and economic understandings required to make informed decisions regarding the future advancement of the Project and assess its potential pathway towards development and production.

 

“This study, coupled with pending assay results from the recently completed resource extension drilling at Mt Martin and the eventual profit share distribution from Lucky Strike, sets the Company on an exciting pathway for growth.”

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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

.

Minerals 260 (ASX: MI6)

Reported further results from its 4.5Moz Bullabulling Gold Project located 25km west of Coolgardie in Western Australia.

Assays have been received for 60 drill holes totalling 14,935m. Drilling comprised 29 holes for 6,078m (~40%) focused on supporting the conversion of Inferred to Indicated resource classification.

MInerals 260 Bullabulling- mine – Courtesy of Minerals 260

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Minerals 260 Bullabulling resource update on track as drilling extends mineralisation at depth

Minerals 260 Limited (“Minerals 260” or the “Company”) (ASX: MI6) is pleased to report further results from its 100%-owned, 4.5Moz Bullabulling Gold Project (“Bullabulling” or the “Project”) located 25km west of Coolgardie in Western Australia.

Assays have been received for 60 drill holes totalling 14,935m.

Drilling comprised 29 holes for 6,078m (~40%) focused on supporting the conversion of Inferred to Indicated resource classification, together with 31 holes for 8,857m (~60%) targeting extensions to the MRE.

785 holes for 172,610m have been drilled by Minerals 260 since acquiring the Project in April 2025, comprising 72 DD holes for 13,118m, 665 RC holes for 142,438m, and 48 RC/DD holes for 17,054m.

New results include 20m @ 3.4g/t Au from 93m and 18m @ 2.9 g/t Au from 332m

Minerals 260 Limited (ASX:MI6) is pleased to report results from the ongoing drilling program at its 100% owned 4.5Moz Bullabulling Gold Project, located 25km west of Coolgardie in Western Australia.

Results have been received for a further 60 drill holes totalling 14,935m ).
Results in this announcement are from drilling at the Phoenix, Bacchus and Dicksons deposits which will be incorporated into the upcoming Mineral Resource Estimate (MRE) update.

Results continue to:
• confirm the continuity of mineralisation within the 4.5Moz MRE, as well as extensions beyond the resource boundaries;
• intersect thick and high-grade mineralisation within the footwall lodes at the Phoenix and Bacchus deposits;
• support the upgrade of Inferred Resources to Indicated;
• enhance the Company’s understanding of the structural controls on mineralisation, including the potential identification of higher-grade trends both within and beyond the MRE;
• increase geological confidence of MRE update; and
• identify opportunities for resource growth.
Since release of the 4.5Moz MRE, MI6 has completed 78,000m of drilling across the Bullabulling Gold Project,
which will be incorporated in the MRE update due for release in August 2026.
Ten drill rigs are on site, comprising four Reverse Circulation (RC), four Diamond Drilling (DD), one Aircore (AC) and one Water Bore (WB).

Highlights
Better results include:
Phoenix Deposit (57Mt @ 1.0g/t Au for 1,800koz Au)
Infill
• 3.9m @ 3.8g/t Au from 283m in BBRD0644*1
• 2m @ 8.9g/t Au from 250m in BBRD0645*1
• 3m @ 3.5g/t Au from 205m in BBRC0649*
• 12m @ 1.0g/t Au from 197m in BBRC0668*
• 20m @ 3.4g/t Au from 93m in BBRC0680*
• 3m @ 5.6g/t Au from 265m & 11m @ 2.4g/t Au from 327m in BBRC0683*

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Management Comment

Minerals 260 Managing Director, Luke McFadyen, said:

“Following the December 2025 MRE, we have completed 78,000m of drilling across the Phoenix, Bacchus, Dicksons, Kraken and Gibraltar Deposits that will be incorporated in the MRE update in August.

 

“These results demonstrate the continuity, scale and quality of mineralisation across Bullabulling.

 

“The scale of this program has significantly increased confidence in the existing Resource, enhanced our understanding of the structural controls on mineralisation, and identified opportunities to test potential higher-grade trends both within and beyond the MRE”.

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To read the full news release please click HERE

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

.

.To View Minerals 260’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 Minerals 260

.

Benz Mining (ASX: BNZ, TSXV: BZ)

Reported a maiden Exploration Target of 10.1 – 12.0 Moz Au defined under the JORC Code (2012), for its 100%-owned Glenburgh Gold Project in the Gascoyne region of Western Australia.

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Benz Defines Maiden Gold Exploration Target at Glenburgh

Benz Mining Corp (ASX: BNZ, TSXV: BZ) (“Benz” or the “Company”) is pleased to report a maiden Exploration Target of 10.1 – 12.0 Moz Au defined under the JORC Code (2012), for its 100%-owned Glenburgh Gold Project in the Gascoyne region of Western Australia.

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HIGHLIGHTS:

• Maiden Glenburgh Exploration Target highlights Glenburgh as an emerging major
gold system, with the scale, geological architecture and growth potential to support
a world-class gold project.
• The Exploration Target is strongly supported by substantial drilling, with
approximately 80% of the Exploration Target being drill-defined, assay-supported
and wireframed. The balance reflects a more conceptual geological projection of
the system beyond the current drill footprint.
• Aggressive infill, extensional and down-plunge drilling, metallurgical testwork and
updated geological modelling are planned over the next 12 months, with the
objective of converting a substantial portion of the target into a Mineral Resource in
CY27.
• Ongoing tungsten assaying is expected to support the incorporation of tungsten into
future Exploration Targets and Mineral Resource models.
• The entire Exploration Target sits within Benz’s wholly owned, granted and fully
permitted Mining Lease, providing a clear and rapid pathway to development
following definition of a maiden Mineral Resource.

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Glenburgh Exploration

Target Total – 485 – 540 Mt 0.6 – 0.7 g/t Au     10.1 – 12.0 Moz Au

The combined Exploration Target grade reflects the inclusion of the broader lower-grade
mineralised halo in full and does not represent an optimised mining inventory. Future
studies would assess which portions of the halo may be selectively included based on pit geometry, cut-off grade, mining selectivity, metallurgical performance and economics.

Previously announced initial metallurgical testwork at Icon returned gold recoveries of up to 93.3% (see announcement dated 17 June 2026) from tested lower-grade halo material, supporting its potential to provide significant incremental feed where captured within future mining shapes.

Cautionary Statement: The potential quantity and grade of the Exploration Target is
conceptual in nature and, as such, there has been insufficient exploration drilling
conducted to estimate a Mineral Resource.

At this stage it is uncertain if further exploration drilling will result in the estimation of a Mineral Resource.

The Exploration Target has been prepared in accordance with the JORC Code (2012).

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Benz CEO, Mark Lynch-Staunton, commented:

“This initial Exploration Target frames the scale and quality of Glenburgh on a project-wide basis for the first time.

“Importantly, this is not a loose conceptual target – approximately 80% of the Exploration Target is drill-defined, assay-supported and wireframed, providing a strong technical foundation for resource conversion.

 

,

“Our objective is clear: keep drilling aggressively, convert a substantial portion of this Exploration Target into a Mineral Resource in CY27, and test the projected extensions open at depth that have the potential to grow the system much further.

“Glenburgh has the scale and geological architecture to become a major Australian gold
project, with the potential to evolve into a world-class gold system.

“Following the $75 million raise completed earlier this year, Benz is well funded to execute this program at pace.”

The latest Benz Mining presentation can be viewed HERE

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To read the full news release please click HERE

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The live Benz Mining share price and chart can be found 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 Benz Mining.

.

Lefroy Exploration (ASX: LEX)

Announced that it has received firm commitments to raise approximately $3.6 million (before issue costs) through a placement to institutional and sophisticated investors.

This includes $317,570 from Lefroy Directors.

Lafroy Exploration drill crew, Western Australia – Courtesy of Lefroy Exploration

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Lefroy Announce a $3.6 Million Placement to Accelerate Evaluation of Mt Martin Gold Deposit

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22 May 2026

Lefroy Exploration Limited (“Lefroy” or “the Company”) (ASX: LEX) is pleased to announce that it has received firm commitments to raise approximately $3.6 million (before issue costs) through a placement to institutional and sophisticated investors (“Placement”).

This includes $317,570 from Lefroy Directors.

HIGHLIGHTS

• Lefroy has received firm commitments to raise $3.6 million (before costs) in a
share placement to institutional and sophisticated investors
• Directors of Lefroy have committed to participate in the Placement for a total
of $317,570, subject to shareholder approval
• This funding allows Lefroy to expedite the scoping studies and associated
activities at Mt Martin and the high-grade gold core at Burns
• The additional equity allows the company to sustain momentum whilst
awaiting cash flow from the Lucky Strike Profit Share

LEFROY CHAIRMAN, DAVID KELLY, COMMENTED:

“We are grateful for the ongoing support of investors, comprised largely of long-term
shareholders, who have contributed to this Placement.

“Securing this additional equity funding allows Lefroy to continue to advance the exploration and evaluation of its key 460koz Mt Martin Gold Deposit.

“The recently announced resource upgrade at Mt Martin will form the basis for a Scoping Study, which aims to identify a development path for this asset. In addition, targeted drilling to extend and upgrade both Mt Martin and the 160koz high grade core of the Burns deposit will be undertaken.

“We expect to see significant value realisation for shareholders over the next 12 months, from scoping studies ofMt Martin and Burns, and from anticipated cashflow from the Lucky Strike Profit Share.”

The Placement will result in the issue of a total of 28.8 million fully paid ordinary shares (“Shares”) at an issue price of $0.125 per New Share. New Shares issued under the Placement will rank equally with the Company’s existing Shares.

The Placement issue price was 12.5c.

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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

.

Western Gold Resources (ASX: WGR)

Advised that drilling of the Bowerbird production bore has commenced, alongside the delivery and installation of the early stage site establishment infrastructure, at its 100%-owned Gold Duke Project in Western Australia.

Gold production is scheduled to start in Q2 2026.

.

.

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Production Bore Drilling Commenced and Early Stage Site Establishment

Western Gold Resources Limited (ASX: WGR) (“WGR” or “the Company”) is pleased to advise that drilling of the Bowerbird production bore has commenced, alongside the delivery and installation of the early stage site establishment infrastructure, at its 100%-owned Gold Duke Project in Western Australia.

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Highlights:

• Drilling has commenced at the Bowerbird Prospect within the Gold Duke
Project
• Bore replaces an existing production bore and will provide dedicated water
supply for mining operations and dust suppression
• Groundwater extraction licence approval by the Department of Water and
Environmental Regulation (DWER) is in place
• Early Stage of mobilisation has commenced with the delivery and
installation of site offices
• Site offices to support current production bore drill programme as well as
clearing and grubbing and next phase of site establishment
• Laydown area established to support drilling, mining and logistics for the
project
• Represents first phase of “on-the-ground” activities for the Gold Duke
Project

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Managing Director Cullum Winn commented:

“The commencement of drilling at the Bowerbird production bore and installation of early site infrastructure represents the start of on-the-ground activities at our flagship Gold Duke Project.

 

“The bore and associated infrastructure are expected to provide a low-cost, reliable water supply, positioned close to the Stage 1 operational pits, supporting efficient project execution.”

.

To read the full news release please click HERE

+++++++

..To see the latest Western Gold share price and chart, please click HERE

.To View Western Gold 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

.

=======

,

This website is not sponsored, we are 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 Western Gold Resources.

.

Meeka Metals (ASX: MEK)

Announced that expansion work on the Murchison processing plant has commenced with an additional crushing circuit, wash plant and Steinert multi-sensor ore sorter being installed.

This is expected to unlock significant additional processing capacity and increase annual gold production.

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Meeka Metals Processing Upgrade to 800ktpa Underway – Commissioning
Expected in September 2026 Quarter

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Meeka Metals Limited (ASX: MEK) “Meeka” or the “Company”) is pleased to announce that expansion work on the Murchison processing plant has commenced with an additional crushing circuit, wash plant and Steinert multi-sensor ore sorter being installed.

This is expected to unlock significant additional processing capacity and increase annual gold production. Additional benefits include removal of hard waste rock from the mill feed, reduced plant wear and lower tailings deposition per ounce produced

Installation of ore sorting is underway at the Murchison Gold Project (“Murchison”) to
unlock additional processing capacity to ~800ktpa and accelerate gold production.
• The upgrade unlocks ~200ktpa of additional mill capacity, increasing throughput to
~800ktpa and annual gold production
• Ore sorting will be applied to Andy Well underground ore initially – high-grade ore will be separated for immediate processing and low-grade ore stockpiled for later processing
• Test work at Steinert’s ore sorting test facility confirmed excellent sorting results – ~85% of contained gold is sorted into ~50% of the rock mass, effectively doubling Andy Well’s already high head grade
• Significantly lower capital cost ($6M) and commissioning timeline (6 months) versus
equivalent expansion of the crushing and grinding circuit to achieve 800-1,000ktpa capacity
• Processing unit costs at the higher throughput remains steady versus DFS unit cost estimate (~$38/t)
• Commissioning targeted for the September 2026 quarter
• Test work is underway to determine applicability to other Murchison ore sources
Commenting on the upgrade, Meeka’s Managing Director Tim Davidson said: “Ore sorting unlocks an additional 200,000 tonnes per annum of milling capacity and effectively doubles the head grade of Andy Well ore entering the plant, delivering a meaningful increase in annual gold production.

Commenting on the upgrade, Meeka’s Managing Director Tim Davidson said:

“Ore sorting unlocks an additional 200,000 tonnes per annum of milling capacity and effectively doubles the head grade of Andy Well ore entering the plant, delivering a meaningful increase in annual gold production.

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“The test work results were excellent and gave us strong confidence in the ability to consistently separate the high-grade gold-bearing quartz from lower grade material that will be stockpiled for later processing.

“We expect this high-return, quick-payback investment to be operational in the September 2026 quarter providing additional processing capacity for ore.

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“The test work results were excellent and gave us strong confidence in the ability to consistently separate the high-grade gold-bearing quartz from lower grade material that will be stockpiled for later processing.

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“We expect this high-return, quick-payback investment to be operational in the September 2026 quarter providing additional processing capacity for ore from our open pits and our second underground mine at Turnberry, commencing in 2026.”

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To read the full news release, please click HERE

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To view the latest Meeka share price and chart, 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 Meeka Metals. 

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To read our full terms and conditions, please click HERE

Ora Banda Mining (ASX: OBM)

Updated on its approach to processing surplus Davyhurst ore through third party infrastructure.

 Throughout FY26, Ora Banda has utilised third-party processing to accelerate cashflow from excess ore as mining volumes have exceeded existing Davyhurst processing capacity.

Site View – Courtesy of Ora Banda Mining Limited

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Ora Banda Update on Third Party Ore Processing

Ora Banda Mining Limited (ASX:OBM) ( Ora Banda or the Company) provides the following update on its approach to processing surplus Davyhurst ore through third party infrastructure :
• Throughout FY26, Ora Banda has utilised third-party processing to accelerate cashflow from excess ore as mining volumes have exceeded existing Davyhurst processing capacity .
• To date during FY26 approximately 345,000 tonnes of Davyhurst ore has been processed via the Paddington mill under the previous non-binding Memorandum of Understanding (MOU) with Paddington Gold Pty Limited , which anticipated up to 400kt of ore being processed during FY26. 
• The Company has now replaced the MOU with a full-form binding Ore Sales Agreement ( OSA) between Siberia Mining Corporation Pty Ltd, Carnegie Gold Pty Ltd and Paddington Gold Pty Limited.
• The OSA enables Ora Banda to process a further 120,000 dry metric tonnes ( ± 10%) of gold bearing Davyhurst ore at Paddington during March and April 2026.
• Following expiry of the OSA, Ora Banda intends to build excess ore stockpiles for future processing through its 100% owned infrastructure which is expected to deliver material cost and recovery benefits . Ora Banda will also continue to review third party processing options in the ordinary course of business .
• FY26 Production and All-in Sustaining Cost (“AISC”) guidance remains unchanged from that provided in the December 2025 quarterly report .
• The Company continues to progress studies relating to the construction of a standalone 3 million

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The full news release can be viewed HERE

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To view Ora Banda’s latest share price and chart, please click HERE

Barton Gold (ASX: BGD)

Announced the start of ‘Phase 2’ JORC (2012) Mineral Resource upgrade drilling at its South Australian Tunkillia Gold Project (Tunkillia).

Strike Drilling has been engaged to complete a program totalling ~30,000m.

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Tunkillia drilling – Credits Barton Gold

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Barton Gold Tunkillia ‘Phase 2’ Resource Upgrade Drilling Begins

Targeting Ore Reserves, PFS & ML application by the end of 2026

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Barton Gold Holdings Limited (ASX:BGD, OTCQB:BGDFF, FRA:BGD3) (Barton or Company) is pleased to announce the start of ‘Phase 2’ JORC (2012) Mineral Resource upgrade drilling at its South Australian Tunkillia Gold Project (Tunkillia).

Strike Drilling has been engaged to complete a program totalling ~30,000m.

HIGHLIGHTS

• May 2025 Optimised Scoping Study (OSS) outlined a compelling Tunkillia development project:

o Annual production: ~120,000oz gold and ~250,000oz silver
o Total LoM operating cash: ~A$2.7 billion (unlevered, pre-tax)
o Net Present Value (NPV7.5%): ~A$1.4 billion (unlevered, pre-tax)
o Internal Rate of Return (IRR): ~73.2% (unlevered, pre-tax); and
o Payback period: ~0.8 years (unlevered, pre-tax)

• Barton expediting Tunkillia toward Mining Lease (ML) application, with AUD gold and silver prices now over $2,000/oz and $60/oz higher (respectively) than used for OSS revenue estimates
• 18,900m ‘Phase 1’ reverse circulation (RC) Resource upgrade drilling infilled high value S1 / S2 pit areas with broad high-grade intersections, supporting rapid payback in early ‘Starter pit’2
• ~30,000m ‘Phase 2’ RC upgrade drilling now underway targeting balance of optimised open pits;
• Phase 2 RC drilling a key step to support JORC (2012) Mineral Resource upgrades and target
JORC (2012) Ore Reserves, a pre-feasibility study (PFS), and an ML application by end of 2026.

Tunkillia’s Phase 2 RC upgrade drilling follows a successful ‘Phase 1’ program which infilled the high-value early ‘S1’ and ‘S2’ pit areas, modelled to produce ~$1.3 billion operating profit during the first 2.5 years of operation, with broad, high-grade intersections.

Barton is targeting conversion of all of Tunkillia’s OSS modelled open pit
mineralisation to JORC (2012) ‘Measured’ and ‘Indicated’ categories to accelerate financing and development.

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 Barton MD Alexander Scanlon commented;

“The Tunkillia OSS demonstrated the financial and capital leverage available to large-scale bulk processing operations, with the major advantage of a higher-grade ‘Starter Pit’ that can pay back development costs 2x over in the first year – assuming A$5,000/oz gold and A$50/oz silver prices.

 

“At current gold and silver prices, Tunkillia would be modelled to produce over $1 billion operating profit in the first year, and over $2 billion operating profit in the first two years.

 

“Our recent ‘Phase 1’ Resource upgrade drilling results further confirmed the mineralisation behind these compelling economics; we are therefore now executing the balance of Tunkillia development drilling programs on an expedited timeline, targeting declared JORC Ore Reserves, a robust PFS, and a Mining Lease application by the end of 2026.

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“Following the submission of our Mining Lease application, we will expedite Tunkillia’s project finance discussions and work with all key stakeholders including the South Australian Government to bring Tunkillia online as soon as possible.

 

“This project can generate substantial economic benefits for Barton and all of our stakeholders, including the State.”

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To read the full news release please click HERE

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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

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=======

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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 Barton Gold.

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To read our full terms and conditions, please click HERE

Ora Banda Mining (ASX: OBM)

Reported record revenues of Record revenues of $ 336.3 million (H1 FY2 5: $186.4 million ) for the half -year ended 31 December 2025, a period during which the Group generated $18 4.0 million in operating cash flows.

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Site View – Courtesy of Ora Banda Mining

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Ora Banda Mining – December 2025 – Half Year Results

Ora Banda Mining Ltd (ASX: OBM) (“Ora Banda”, “Company”) is pleased to report on the financial and operating activities of the Company and its subsidiaries (“Group”) for the half -year ended 31 December 2025 – a period during which the Group generated $18 4.0 million in operating cash flows, which continues to be reinvested in the Group ’s growth projects.

H1 FY2 6 Highlights:

• Record revenues of $ 336.3 million (H1 FY2 5: $186.4 million )
• EBITDA1 increased by 106% to $ 173.2 million
• Net Profit after Tax (NPAT) increased 89% to $ 96.3 million , including a $ 43.8 million (non -cash) tax expense in the current period (H1 FY25: nil)
• Cash flow from Operations increased 102% to $184.0 million
• Closing cash of $ 155.4 million (June 202 5: $84.2 million ), up $ 71.3 million
• Record six monthly gold sold of 62,583 oz (including attributable equivalent ounces) (H1 FY25 : 47,824oz)
• Sand King Underground achieved capital payback 12 months after establishing portal
• Put options executed during the period provides coverage over 150koz at A$6,000 exercise price over periods of January – June 2026 and October 2026 – October 2027

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The full news release can be viewed HERE

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To view Ora Banda’s latest share price and chart, please click HERE

Minerals 260 (ASX: MI6)

Reported further results from its drilling program at the 4.5Moz Bullabulling Gold Project, located 25km west of Coolgardie in Western Australia.

Assays have been received for a further 36 drill holes totalling 9,210m, including:
Bacchus Deposit (46Mt @ 1.1g/t Au for 1,600koz Au).

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Bullabulling mine – Courtesy of MInerals 260

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Minerals 260 Reports 7m @ 12.7 g/t Au, including 1m @ 69.0g/t Au,
intersected at the Bullabulling Gold Project

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30,000m drilling program to support an updated Mineral Resource Estimate in mid-2026

Minerals 260 Limited (ASX:MI6) is pleased to report further results from its drilling program at the 4.5Moz Bullabulling Gold Project, located 25km west of Coolgardie in Western Australia.

Assays have been received for a further 36 drill holes totalling 9,210m, including:
Bacchus Deposit (46Mt @ 1.1g/t Au for 1,600koz Au)
Infill
• 7m @ 12.7g/t Au from 158m in BBRC0483*
 1m @ 69.0g/t Au from 160m
• 2m @ 10.3g/t Au from 99m in BBRC0412#
 1m @ 19.3g/t Au from 99m
• 1m @ 8.5g/t Au from 158.6m and 1.5m @ 11.3g/t Au from 190m in BBRD0422*1
• 10m @ 1.4g/t Au from 96m in BBRC0488#
Phoenix Deposit (57Mt @ 1.0g/t Au for 1,800koz Au)
Infill
• 8m @ 1.8g/t Au from 176m and 10m @ 2.8g/t Au from 211m in BBRC0438*
 1m @ 12.0g/t Au from 212m
Extensional
• 17m @ 0.8g/t Au from 174m in BBRC0461*
Dicksons Deposit (18Mt @ 1.0g/t Au for 610koz Au)
Infill
• 4m @ 3.7 g/t Au from 26m in BBRC0453*
• 8m @ 2.2 g/t Au from 99m in BBRC0487*
Extensional
• 9m @ 1.6g/t Au from 274m in BBRC0460*
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*True widths are estimated at between 85% and 95% of the reported drillhole intercepts
#True widths are estimated at between 70% and 85% of the reported drillhole intercepts

Kraken Deposit (8.8Mt @ 1.2g/t Au for 340koz Au)
Infill
• 8m @ 1.06g/t Au from 127m in BBRD0444*1
• 15m @ 0.89g/t Au from 156m in BBRC0443*

Drilling at Bullabulling continues to:

• Consistently return thick and high-grade mineralisation along the footwall shear zone at Bacchus;
• Intersect multiple mineralised lenses outside the December 2025 Mineral Resource Estimate (MRE), indicating the potential to increase the MRE both at depth and along strike;
• Confirm the continuity of mineralisation at depth along the entire 8.5km strike extent of the MRE;
• Target extensions of high-grade areas located beneath or along strike from the MRE, specifically the high-grade areas at Bacchus and between Bacchus and Kraken.

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To read the full news release please click HERE

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

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.To View Minerals 260’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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=======

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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 Minerals 260

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Caprice Resources (ASX: CRS)

Advised that the air core drilling component of the Phase 4 drilling campaign is now underway at the Island Gold Project.

This AC programme forms part of the fully funded 20,000m Phase 4 drilling campaign, which also includes reverse circulation and diamond drilling.

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Caprice Resources project map – Courtesy of Caprice Resources

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CAPRICE COMMENCES AIR CORE DRILLING AT THE ISLAND GOLD PROJECT

Caprice Resources Ltd (ASX: CRS) (Caprice or the Company) is pleased to advise that the air core (AC) drilling component of the Phase 4 drilling campaign is now underway at the Island Gold Project (IGP, or the Project).

This AC programme forms part of the fully funded 20,000m Phase 4 drilling campaign, which also includes reverse circulation (RC) and diamond drilling.

Approximately 10,000m of AC drilling is scheduled to target high-impact strike extensions to the Vadrians deposit and test parallel banded iron formations
(BIFs) which represent new discovery targets within the IGP mining lease with demonstrated potential to host gold mineralisation.

The Company now has 3 rigs operating across the Island Gold Project, with diamond, RC and AC drilling forming a systematic resource definition and discovery programme.

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Caprice CEO, Luke Cox, commented:

“Our Phase 4 drill campaign continues to gather momentum, with the air core rig now joining the RC and diamond rigs onsite.

 

“This phase of drilling will systematically test for gold north and south of the Vadrians deposit, as well as adjacent gold-hosting BIFs that run parallel to the system. The work significantly expands our coverage across what is proving to be a highly fertile gold corridor within the Murchison.

 

“Looking further ahead, a particularly exciting lake-based air core drilling programme is scheduled to target the concealed BIF corridor beneath shallow colluvial cover and salt lake sediments.

 

“These areas have never been drilled despite lying within the same geological and structural corridor as our recently revealed gold systems.

 

“With deeper drilling continuing in parallel, the addition of the air core component will deliver a sustained period of news flow as we continue to unveil the IGP’s geological potential, situated on granted mining leases close to a number of operating mills in an environment of ongoing gold price strength.”

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To read the full news release please click HERE

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The latest Caprice share price and chart can be viewed 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

.

=======

,

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

.

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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Barton Gold (ASX:BGD)

Announced that a Definitive Feasibility Study has started, targeting ‘Stage 1’ production utilising the fully permitted Central Gawler Mill located at Barton’s South Australian Challenger Gold Project.

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Photo courtesy of Barton Golf

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Barton Gold Definitive Feasibility Study Begins for ‘Stage 1’ Production Targeting Phase 1 commissioning by the end of 2026

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Barton Gold Holdings Limited (ASX:BGD, OTCQB:BGDFF, FRA:BGD3) (Barton or Company) is pleased to announced that a Definitive Feasibility Study (DFS) has started, targeting ‘Stage 1’ production utilising the fully permitted Central Gawler Mill (CGM) located at Barton’s South Australian Challenger Gold Project (Challenger).

The JORC (2012) Mineral Resource Estimate (MRE) for Challenger was recently upgraded to 313koz Au, including 194koz Au high-grade fresh ore (~3.2 g/t Au) in or adjacent to existing serviceable open pit and underground development, and an historical Tailings Storage Facility 1 (TSF1) containing 56koz Au at a grade of 0.54 g/t Au.

Barton is targeting March 2026 DFS completion and end of 2026 CGM commissioning, with ‘Phase 1’ operations reprocessing TSF1 materials, and ‘Phase 2’ then introducing fresh ore.

HIGHLIGHTS

• Existing fully permitted Central Gawler Mill adjacent to brownfield Challenger mines1
• Challenger JORC (2012) Mineral Resources Estimate now 313koz Au (10.6Mt @ 0.92 g/t), including 194koz Au (1.87Mt @ 3.23 g/t) in existing open pit and underground mines, where:

o Challenger Main Open Pit: 70,000oz Au (0.65Mt @ 3.36 g/t Au);
o Challenger West Open pit: 11,600oz Au (0.03Mt @ 10.7 g/t Au);
o Challenger Underground (above 215mRL): 89,400oz Au (0.98Mt @ 2.84 g/t Au); and
o Challenger Deeps (below 90mRL): 23,000oz Au (0.21Mt @ 3.50 g/t Au).
• Historical tailings storage facility with coarse, higher-grade tailings up to 0.6 – 1.0 g/t Au2
• Evaluating de-risked, two phase transition to operations with initial tailings reprocessing
(‘Phase 1’) followed by the introduction of high-grade (~3 g/t) fresh ore (‘Phase 2’)
• Targeting Phase 1 commissioning by end of 2026; credit finance conversations underway

Barton Managing Director Alexander Scanlon commented,

“With gold prices at all-time highs and over 300koz Au JORC Resources adjacent to the Central Gawler Mill, the opportunity to leverage our existing infrastructure to operations and cash flow has never been more attractive.

“We are wasting no time pursuing this opportunity, targeting a low-cost and low-risk transition to operations by the end of 2026, the re-rating of Barton’s equity to a ‘producer’ profile, and operating free cash flows to fund our planned
regional growth at Tunkillia.

 

We look forward to sharing regular updates during an exciting 18 months ahead.”

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..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

Benz Mining (ASX: BNZ / TSX.V: BZ)

We are initiating coverage of Benz Mining, a gold exploration and development company, dual listed on the ASX and TSX.V exchanges, with projects in Australia and Canada.

The main focus is on the Glenburgh gold project in Western Australia.

Glenburgh project map – Courtesy of Benz Mining

Comment

This is my preferred type of company, great project, shovel ready and permitted for potential early toll milling, experienced management team with a track record of success, in a tier 1 jurisdiction.

The project has district scale.

I made an initial investment recently and the price has jumped before I could follow up, on the back of some excellent exploration results.

I intend to increase my holding in the near future.

City Investors Circle – Initiating Coverage of Benz Mining

Benz Mining (ASX: BNZ / TSX.V: BZ)

We are initiating coverage of Benz Mining, a gold exploration and development company based in Australia, dual listed on the ASX and TSX.V exchanges, with projects in Australia and Canada.

The main focus is on the Glenburgh gold project in Western Australia.

Company profile

Core Business & Strategy

• Focus: Gold exploration with projects also prospective for other minerals (e.g. lithium, nickel, copper) in Canada and Australia. Newsfile+2Junior Mining Network+2

• Jurisdictions:

• Western Australia: Glenburgh and Mt Egerton gold projects.
• Quebec, Canada: The company’s Eastmain Gold Project in the Upper Eastmain River greenstone belt. This includes the former Eastmain Mine (which operated briefly in the mid-1990s) and associated properties.

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Management

Mark Lynch-Staunton

Formerly with Barrick Gold

Seasoned mine builder with a proven track record of deliver

Jurisdictions

Western Australia and Quebec

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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 Benz Mining.

.

Lefroy Exploration (ASX: LEX)

Reported on exploration activities across the Lefroy Project, including progress on key milestones for the Lucky Strike Gold Deposit and a planned drilling program at the Burns Central Gold Project.

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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Lefroy Exploration – Burns RC drilling – Courtesy of Lefroy Exploration

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Lefroy Exploration’s Lucky Strike Gold Deposit advances towards operations

Advanced drill planning targeting High-Grade Gold at Burns

Lefroy Exploration Limited (“Lefroy” or “the Company”) (ASX: LEX) is pleased to report on exploration activities across the Lefroy Project, including progress on key milestones for the Lucky Strike Gold Deposit and a planned drilling program at the Burns Central Gold Project.

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

• Major Project Milestones achieved for Lucky Strike Gold Project, including
heritage surveys completed across the entire Mining project area, with all
planned work areas cleared.
• Finalised pit shell optimisation designs for Lucky Strike, with production
schedules and budgets set for finalisation in September
• Clearing permit application assessment over the Lucky Strike mining Lease
M25/366 in the final stages of review, on target for early December quarter
completion.
• Lucky Strike Gold Project on target to commence earthworks and pre-strip
within the first half of the December Quarter.
• Planning underway to progress the recently reviewed Burns Central Deposit
high-grade zone, where significant upside has been identified.
• Burns Central resource extension and metallurgical confirmation drilling
program to commence in October.
• LEX is fully funded, with multiple growth pathways identified as the Company
embarks on an ambitious, self-funded growth strategy throughout FY26.

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LEFROY CEO, GRAEME GRIBBIN, COMMENTED:

“As we diligently complete our last approvals and permitting prior to gold operations commencing at the Lucky Strike Project in the December quarter, we enter a new phase for the Company, whereby profit from Lucky Strike enables the Company to pursue a self-funded growth strategy.

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“With heritage clearance now received, environmental approval well advanced and final pit shell designs imminent, the Company remains focused on advancing its strategic goals of unlocking value for shareholders, with Lucky Strike providing the Company with that first pathway.

 

“We seek to realise further value for shareholders through generating cashflow from Lucky Strike and establishing a strong sustained cash balance, to allow the Company to unlock further value from its portfolio of advanced high-grade shallow gold resources projects (Burns and Mt Martin) and its highly prospective exploration targets”.
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To read the full news release, please click HERE

 

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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

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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 Lefroy Exploration

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Barton Gold (ASX: BGD)

Announced an updated MRE for its South Australian Challenger Gold Project.

This follows detailed remodelling of gold mineralisation on or near existing development.

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Photo courtesy of Barton Gold

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Barton Gold ‘Stage 1’ Resources at Central Gawler Mill Pass 300koz Au

Feasibility studies to begin shortly | Targeting operations by end of 2026

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Barton Gold Holdings Limited (ASX:BGD, FRA:BGD3, OTCQB:BGDFF) (Barton or Company) is pleased to announce an updated MRE for its South Australian Challenger Gold Project (Challenger).

This follows detailed remodelling of gold mineralisation on or near existing development drives within the historical Challenger underground mine (below the 900mRL level).

This mineralisation was temporarily removed from Barton’s recent 30 June 2025 Challenger MRE update, pending final remodelling and re-estimation.

HIGHLIGHTS

• Challenger JORC (2012) Mineral Resources Estimate (MRE) grows to 313koz Au (10.6Mt @ 0.92 g/t), incl. 194koz Au (1.87Mt @ 3.23 g/t) in existing open pit and underground mines:
o Challenger Main Open Pit: 70,000oz Au (0.65Mt @ 3.36 g/t Au);
o Challenger West Open pit: 11,600oz Au (0.03Mt @ 10.7 g/t Au);
o Challenger Underground (above 215mRL): 89,400oz Au (0.98Mt @ 2.84 g/t Au); and
o Challenger Deeps (below 90mRL): 23,000oz Au (0.21Mt @ 3.50 g/t Au).

• Almost all MRE mineralisation located in, on, or adjacent to, existing serviceable open pit and underground development → opportunities for low-cost access and production
• Preliminary estimate for full reinstatement of 600ktpa Central Gawler Mill only A$26m (± 30%)
• Targeting lower-cost, de-risked two phase transition to operations, with initial high-grade tailings reprocessing (as Phase 1), followed by restart of fresh rock operations (as Phase 2)
• Technical programs moving directly to definitive Feasibility, targeting operations by end
of 2026; conversations underway with financiers for low-dilution credit financing options.

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Barton MD Alexander Scanlon Commented on the JORC Resources update, 

“With gold Resources of over 300,000oz now confirmed adjacent to the Central Gawler Mill, the pieces are now in place for the startup of an initial multi-year ‘Stage 1’ operation.

 

“This represents a significant opportunity for Barton to join a select few of its peers by transitioning to operations at a period of record high gold prices.

 

“Our fully permitted Central Gawler Mill also offers considerable leverage in successfully delivering this outcome, with a potentially shorter, lower-cost, and lower-risk pathway to operations and BGD’s re-rating to ‘producer’ status.

 

“A successful outcome could then generate revenues and cash flow to fund our planned regional growth.

 

“We are now moving directly to definitive Feasibility studies targeting a two phase, de-risked development and the start of initial ‘Stage 1’ operations by the end of 2026.

 

Barton has a very exciting 18 months ahead as we navigate this next stage of our corporate evolution.”

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To read the full news release please click HERE

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..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

New Murchison Gold (ASX: NMG)

Provided an update on results and interpretations from its recent regional exploration program.

This results in this announcement include high-grade gold intercepts outside of the Crown Prince Gold Mine currently under development.

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New Murchison Gold vista – Credits New Murchison Gold

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New Murchison Gold Report High-Grade Gold Hits Returned From Regional Exploration in The Abbotts Greenstone Belt

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New Murchison Gold Limited (ASX: NMG) (“NMG” or the “Company”) is pleased to provide an update on results and interpretations from its recent regional exploration program.

This results in this announcement include high-grade gold intercepts outside of the Crown Prince Gold Mine currently under development.

The Abbotts Greenstone Belt contains historical gold workings dating back to the early 1900’s. Previous exploration has occurred sporadically over time at the various prospects along the belt.

NMG has consolidated ownership of the belt and has been re-evaluating, mapping and drilling using more modern techniques and leveraging off knowledge gained from its discoveries at the Crown Prince project.

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HIGHLIGHTS

NMG has been undertaking regional exploration on its extensive 677km2 exploration tenure which covers the majority of the Abbotts Greenstone Belt in the Murchison Region of Western Australia.

The belt contains several large-scale gold prospects defined by broad gold anomalism up to 5km strike length in places.

Following its recent commencement of operations at the Crown Prince Gold Mine, the Company is advancing its pipeline of prospects within the belt.

Best intersections reported from drilling at regional prospects include:
• 20m @ 3.36g/t Au from 49m, including 1m @ 39.37g/t Au from 53m in NGGSRC984 (Airstrip)
• 5m @ 5.95g/t Au from 41m, including 1m @ 18.74g/t Au from 42m in NGGSRC1069 (Airstrip)
• 3m @ 8.50g/t Au from 18m, including 1m @ 23.08g/t Au from 19m in NGGSRC996 (Airstrip)

Alex Passmore, NMG’s CEO, commented:

“We are very pleased to announce high grade results from relatively shallow depth from some of our key regional prospects, which offer strong potential for future growth.

 

“The Airstrip prospect shows a +5km long zone of gold anomalism (+1g/t Au) in shallow drilling and is located near the large Abernethy shear zone.

 

“Airstrip has the scale to deliver a transformational gold deposit for the Company.

 

“Lydia and Abbotts prospects sit on granted mining leases (MLs) and the Company is investigating these as potential future production locations.”

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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.

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