This week’s Bulls N’ Bears ASX Runner of the Week is… NGX Limited, soaring 92.9% on deals for seven Namibian gold licences covering more than 1300 square kilometres.
Forrestania Resources has inked a deal to buy up to 400,000 tonnes of gold ore from High-Tech Metals to feed its WA processing plants, bolstering its hub-and-spoke strategy.
Right Resources achieved 89.9% gold recoveries in cyanide leach tests at its NSW pilot project, with low reagent consumption strengthening its processing outlook.
Forrestania Resources has tabled a 25,800oz gold resource at its Symes Find project, adding inventory ahead of a planned mid-December restart at its Edna May plant in WA.
McLaren Minerals has uncovered a potential new mineral-rich shoreline east of its WA deposit, with drill holes 6km apart hitting high-grade zones of up to 13.26% heavy minerals.
Zenith Minerals hit gold in 83% of holes across a 600m gap at its WA Dulcie project, opening the door to a maiden resource alongside its existing 675,000-ounce gold inventory.
Kaiser Reef produced 6263oz of gold, lifting cash to $40m, clearing its Henty acquisition loan in Tasmania and advancing underground drilling at Maldon in Victoria.