Mining

Shares ofKoonenberry Gold Limited (ASX:KNB)fell sharply on Friday, dropping25.8% to 4.6 cents per share, after the company released assay results from its fifth diamond drillhole at theSunnyside Prospect, part of theEnmore Gold Projectin northeast New South Wales.

Ora Banda Mining Limited (ASX:OBM)has revised its full-year guidance for theDavyhurst Project, forecasting lower gold production and higher operating costs for FY25. The market reacted swiftly to the update, with shares falling more than8% to AUD 1.18on 6 June.

Asian Battery Metals PLC (ASX:AZ9)saw its share price rise8% to 2.7 centson 5 June following a fresh update from itsPhase 3 drilling campaignat theOval copper-nickel discovery, part of theYambat Projectin Mongolia.

GreenTech Metals Ltd (ASX:GRE)saw its share price soar more than42% to 6 centson the morning of 5 June following a pivotal update on itsWhundo copper projectin Western Australia. The market responded positively to the company's announcement that extensive drilling data had confirmed a consistent …

Evolution Mining Ltd (ASX: EVN) shares dropped 2% on Wednesday to AUD9.30 as gold prices retreated in global markets. The weakness extended across Australia’s gold sector, with the S&P/ASX All Ordinaries Gold Index falling 0.7% for the day.

Nico Resources Limited (ASX:NC1)has secured backing from institutional and sophisticated investors, announcing it has successfully raised$1.1 millionthrough a share placement aimed at accelerating work on itsflagship Wingellina Projectin Western Australia.

Alchemy Resources Limited (ASX:ALY)has taken full control of its promisingValley Bore iron ore prospect, completing the acquisition of the remaining50% interest in iron ore rightsfrom joint venture partnerCarey Mining Pty Ltd. The move gives Alchemy100% ownershipof the iron ore rights across key tenements within …