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iTech Minerals (ASX:ITM) was closely followed by HotCopper watchers after it reported drilling at the Sabe prospect within the Reynolds Range project in the Northern Territory had returned impressive thick, high-grade gold and antimony intersections.
Drilling also confirmed a continuous, steeply dipping zone of gold-antimony mineralisation that is increasing in grade and thickness at depth.
MD, Mike Schwarz, said the latest results from Sabre continue to reinforce the scale and grade of the gold-antimony system at Reynolds Range.
“Hole SBRC26-001 has returned the best drill intercept at the project to date – 36 metres at 5.6 g/t gold and 1.2% antimony – including exceptional peak grades of over 63 g/t gold and nearly 14% antimony.
“Importantly, the mineralisation remains open and increasing in grade and width at depth, giving us real confidence as we plan the next phase of drilling.”
ITM was up 25.0% to 4.5¢ at the time of writing.
Somerset Minerals (ASX:SMM) was popular with investors after it confirmed a high-grade copper-silver discovery at the Talisker target in Canada.
Promising results have been received from the initial two holes from a maiden reverse circulation (RC) drill program at Talisker, located within the Coppermine project in Canada.
MD, Chris Hansen, described the early assay returns as “phenomenal”.
“Two of the first holes ever drilled at Talisker have both intersected thick zones of high-grade copper-silver mineralisation. On any measure this is an outstanding start to a maiden drill program, and it confirms a new copper discovery at Talisker,” MD, Chris Hansen, said.
“What makes this discovery particularly significant is that Talisker is largely blind. There was no historical drilling along the corridor, and mineralisation is concealed beneath glacial cover, the target was built systematically, layer by layer, through regional till geochemistry, geophysics, detailed structural mapping and infill till sampling.”
SMM took off and was up 33.3% to 1.2¢ at the time of going to press.
American Tungsten & Antimony (ASX:AT4) was another stock closely watched on HotCopper after it revealed it was ramping up activities at the Del Sol refinery in Nevada and the White Spar antimony mine in Arizona.
AT4 CEO, Casper Adson, recently met with the Del Sol Refinery team on site, to assess work streams required for restart, ramp-up and expansion of the facility.
The visit covered plant condition and readiness, reagent and consumable requirements, staffing and shift structure, laboratory capability, and the sequencing of expansion works within the existing building and permitted site footprint.
A pre-application meeting was also held with the Nevada Division of Environmental Protection (NDEP) to confirm the requirements for a formal application to expand permitted capacity from 18,500 short tons of feed per year to approximately 100,000 short tons of feed per year and to add APT production.
The Del Sol facility is connected to the Valley Electric system, providing the refinery with access to grid power. A utility-scale solar farm adjoins the site. Power is a primary operating cost input for an electrowinning-based hydrometallurgical flowsheet.
AT4 improved by 2.00% to 5.1¢.
Looking wider, the S&P/ASX 200 defied speculation it may slide this morning by gaining 37.60 points or 0.41% to 9,265.40 and setting a new 100-day high.
Over the last five days, the index has gained 3.32% and is currently 0.34% off of its 52-week high.
Elsewhere, the Western Australia government has opened round 34 of the WA Exploration Incentive Scheme’s (EIS) co-funded exploration drilling program.
Mines, Petroleum and Exploration minister, Daniel Pastorelli, said round 34 will test new concepts to help unlock discoveries.
The minister said the competitive program offers co-funding for eligible drilling projects that test new geological concepts, target underexplored areas and help unlock the next generation of discoveries.
“Important critical mineral successes have found manganese and antimony during the 2025-26 year, demonstrating the value of this investment and the role of EIS drilling in supporting new discoveries.” he said.
These include Black Canyon Resources greenfields discovery at the North Manganese Corridor within the Wandanya project, where shallow RC drilling returned high-grade manganese and iron results and Black Cat Syndicates brownfields discovery at the Mt Clement antimony project, where drilling intersected a previously unidentified lode structure containing antimony-lead-silver mineralisation.
“In May this year more than $7 million was allocated to 46 successful EIS applicants, continuing to drive exploration success across a wide range of commodities and geological settings,” the minister noted.
That’s Thursday’s HotCopper Market Trends, I’m Colin Sandell-Hay - see you for close.
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