Mining

The programme focuses on four priority prospects: Quartz Ridge, Old Kroombit, Cave Mountain and Tea Tree. Activities include geological and structural mapping, soil sampling and rock-chip sampling.

HiTech Minerals owns 100% of the McDermitt Lithium Project in south-east Oregon. Jindalee is targeting a Nasdaq listing for the project during the December quarter.

Edith Cowan University is constructing a pilot facility in Joondalup, Perth, through a Cooperative Research Centres Projects collaboration supported by the Australian Government. The facility will be used for mineral processing, leaching and related development work.

Trench TTD-002 returned 4.9 metres at 0.48 grams per tonne gold and 7.71% antimony, which the company expresses as 26.92g/t gold equivalent. That included 1.2 metres at 0.46g/t gold and 30.2% antimony, or 104.06g/t gold equivalent.

The company says this is the best intersection ever drilled at Golden Treasure on a gram-metre basis. It sits up-dip from a historical Westgold Resources (ASX:WGX) result of 19 metres at 13.3g/t.

If the permit is approved, Felix is targeting the start of mining operations at Treasure Creek in June 2027. It is also targeting the start of operations at a planned US antimony refinery in the first half of 2028.

Pricing follows a formula linked to ore grade, metallurgical recovery and prevailing gold prices. That structure gives both parties exposure to gold prices: Dundas benefits from higher prices through the price it receives, while Forrestania'sMargindepends on the spread between the purchase formula and the …