Small Cap Weekly Wrap: Resolution Minerals finishes up biggest-ever drill project; Alkane Resources grows FY26 resource base
The S&P/ ASX Small Ordinaries (XSO) came under pressure at the open on Friday, falling 1.58% to 3,368.60 at market open, down 54.20 points from Thursday’s close of 3,422.80.
The index opened at 3,422.80 previously rapidly dropping to an early low of 3,377.00, while the most recent reading quickly after the open revealed the XSO around 3,367. Over the previous 5 sessions, the small-cap standard has actually fallen 2.99%.
eMetals Ltd (ASX: EMERGENCY MEDICAL TECHNICIAN) is preparing to release its first drilling project at the Mineral Range Tungsten Project in Utah, with website works total and the drilling professional anticipated to mobilise in the week start September 28, 2026.
The business has actually finished grading of gain access to tracks and cleaning of drill pad places, while all logistical preparations are now in location for the program targeting state-of-the-art tungsten mineralisation in Beaver County.
Immutep Ltd (ASX:IMM) has actually detailed a more concentrated advancement technique for eftilagimod alfa (efti), targeting head and neck cancer clients with unfavorable PD-L1 expression and the neoadjuvant treatment of soft tissue sarcoma (STS).
The biotechnology business is getting ready for its next medical trials, with research studies targeted to start in the 2nd half of 2027, based on last trial style, regulative conversations, producing timelines, partnering and readily available resources.
Invictus Energy Ltd (ASX:IVZ) has actually granted SLB, previously Schlumberger, a crucial drilling and well services agreement for the high-impact Musuma -1 expedition well at its Cabora Bassa Project in Zimbabwe, keeping the project on track for a November 2026 spud.
The agreement is a significant functional turning point as Invictus advances numerous workstreams in parallel, consisting of building and construction of the Musuma -1 wellpad and gain access to roadways, preparation of drilling devices and upkeep of Exalo Rig 202 ahead of mobilisation.
Ariana Resources PLC (AIM:AAU, ASX:AA2, FRA:4A6) informed financiers that drilling at its 1.6-million-ounce Dokwe Gold Project in Zimbabwe returned broad zones of gold mineralisation as work bear down the job’s conclusive expediency research study.
Metallurgical drilling at Dokwe North consisted of 24 metres grading 4.71 grams per tonne (g/t) gold from 172 metres, consisting of 2 metres at 46.95 g/t, while another hole returned 68 metres at 2.03 g/t. At Dokwe Central, drilling obstructed 98 metres at 2.85 g/t from 91 metres, consisting of one metre at 93.72 g/t.
Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) is stepping up its Australian facilities push, partnering with a few of the nation’s biggest information centre and cloud operators on strategies to provide up to 2 gigawatts of AI calculating facilities by 2027.
The chip giant is dealing with Firmus, Sharon AI, IREN, ResetData, CDC, NEXTDC (ASX:NXT), Megaport and AirTrunk to establish facilities efficient in hosting succeeding generations of Nvidia’s DSX AI factories.
Identifai Genetics Ltd (ASX:ID1) is looking for to raise $10 million ahead of a proposed ASX noting under the code ID1, as it moves its AI-powered Windrose ™ prenatal hereditary screening platform towards medical recognition and commercialisation in the United States.
The business is offering 50 million shares at $0.20 each, indicating a a sign pure market capitalisation of about $38.4 million on conclusion of the deal. The use opened on September 10 and is set up to close on September 29, with ASX trading anticipated to start on October 16, based on complete satisfaction of the deal conditions.
Bitcoin stayed under pressure around US$ 78,000 on Thursday early morning as rising oil costs, increasing bond yields and growing expectations of another United States rate of interest trek kept cryptocurrency financiers mindful.
The world’s biggest cryptocurrency was trading around US$ 78,300, while Ethereum altered hands near US$ 2,470. XRP was around US$ 1.40 and Solana near US$ 102, with many significant tokens slipping over the previous 24 hr.
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) shares leapt more than 6% after the business revealed Muse, an individual expert system representative developed to perform jobs consisting of sending out e-mails, reserving travel and making purchases.
The market response recommended financiers see Muse as a possible action towards monetising Meta’s heavy AI costs, which is anticipated to reach US$ 130 billion to US$ 145 billion in capital investment in 2026
American Rare Earths Ltd (ASX:ARR, OTCQX:ARRNF) has actually selected minerals processing expert Dr Sanja Miskovic as primary technical consultant to support expediency work and procedure optimisation at its Halleck Creek Rare Earths Project in Wyoming.
Effective right away, Dr Miskovic will assist flowsheet advancement, beneficiation, hydrometallurgical healing and scale-up activities targeted at supporting production of apart unusual earth oxides in Wyoming.
Ora Banda Mining Ltd (ASX:OBM, OTC:ESGFF, FRA:M6N) has actually begun underground mining at its Waihi cash cow near Davyhurst inWestern Australia This is the business’s 3rd underground mine advancement in 3 years while brand-new drilling has actually highlighted even more state-of-the-art capacity at the neighboring Midnight possibility.
Waihi, around 3 kilometres west of Ora Banda’s Davyhurst processing plant, is anticipated to start contributing state-of-the-art ore from mid-2027, ahead of the prepared commissioning of the business’s brand-new 3.0 million tonnes per year processing plant in early 2028.
First Graphene Ltd (ASX:FGR, OTCQB:FGPHF, FRA:M11) has actually protected its very first production order from Australian maker Pacific Urethanes Pty Ltd for PureGRAPH ® graphene to be utilized in polyurethane systems targeting fire-retardant applications in the mining market.
The order presents both a brand-new business consumer and a brand-new application for PureGRAPH ®, with the graphene product to be integrated into polyurethane formulas targeted at enhancing fire efficiency while keeping the sturdiness and use resistance needed in severe mining environments.
Critical Resources Ltd (ASX:CRR, FRA:9S70) has actually finished more than a month of constant biking of a full-format lab pouch cell utilizing its solvent-free Dry Supersonic Deposition (DSD) cathode innovation, developing an engineering standard for the next stage of its solid-state battery advancement program.
The hand-assembled cell went through around 780 hours of constant electrochemical screening at a 0.2 C charge-discharge rate, finishing 65 cycles and maintaining around 75% of its preliminary capability.
Aruma Resources Ltd (ASX:AAJ) has actually recognized 3 high-priority expedition locations at its 100%- owned Fiery Creek Copper Project in Queensland’s Mt Isa copper belt after finishing a project-wide geological research study and brand-new 3D structural design.
The research study incorporated geological mapping, drilling, geochemistry, air-borne magnetics, gravity information and three-dimensional inversion modelling, producing what Aruma referred to as the initially detailed geological and structural analysis of the job location.
The S&P/ ASX Small Ordinaries (ASX) ended up the other day at 3,451.80 points, down 0.23% or 7.90 points, although the index stayed 0.15% greater, or 5.20 points, over the previous 5 sessions.
Despite the softer session for the more comprehensive small-cap market, numerous business provided job, innovation and business updates covering copper expedition, battery products, advanced graphene applications and gold advancement.
Sovereign Metals Ltd (ASX:SVM, OTCQX:SVMLF, AIM:SVML, FRA:SVM) traded at 27.70 p, up 4%, on Wednesday as a scoping research study suggested the capacity for $84 million in extra yearly EBITDA at Kasiya.
The scoping research study approximates a $722 million boost in Kasiya’s pre-tax net present worth, marked down at 8%, from $29 countless extra preliminary capital.
Sovereign Metals Ltd (ASX:SVM, OTCQX:SVMLF, AIM:SVML, FRA:SVM) stated including unusual earth healing to its Kasiya job in Malawi might produce an incremental US$ 722 million pre-tax NPV, for around US$ 29 countless capital to very first production.
A scoping research study approximated a 151% pre-tax internal rate of return and repayment of about 1.5 years, with the proposed circuit recuperating monazite from mineral streams currently produced by the rutile and graphite processing flowsheet.
Austal Limited (ASX:ASB) shares leapt 6% to $4.61 after the Australian shipbuilder verified its board and advisors would think about a greater proposition for its United States operations from Miami- based Wildcat Infrastructure.
Wildcat has actually sent a non-binding proposition valuing Austal U.S.A. at in between US$ 1.25 billion and US$ 1.35 billion on a cash-free, debt-free basis, going beyond an earlier technique from South Korea’s Hanwha.
Innovaero is set up to note on the Australian Securities Exchange (ASX) on September 22 after finishing a completely subscribed initial public offering (IPO) that raised A$ 40 million before expenses to accelerate its sovereign defence and aerospace production aspirations.
The Perth- based aerospace and defence initial devices maker released 80 million shares at A$ 0.50 each, offering the business a a sign market capitalisation of A$ 158.3 million on listing.
QBiotics Group Limited has actually lodged a prospectus with the Australian Securities and Investments Commission (ASIC) for a deal looking for to raise approximately A$ 40 million from brand-new and existing investors, as the business advances its tigilanol tiglate oncology program following motivating Phase II head and neck cancer outcomes.
The deal has a minimum raising of A$ 5 million, with complete information consisted of in the prospectus.
WhiteRock Lithium Corp (ASX: WLC) has more than doubled the recognized strike length of the Spodumene Mountain lithium system at its 100%- owned Banana Lithium Project in Qu ébec, Canada, after all 7 holes from the opening stage of its 2026 drilling project converged pegmatite including aesthetically recognized spodumene.
The drilling extended the recognized strike by 115%, from around 650 metres to 1.4 kilometres, including 350 metres to the southwest and 400 metres to the northeast beyond the limitations of WhiteRock’s 2024 program. Pegmatite crossways rose to 77.4 metres, with grainy spodumene observed in all 7 holes.
D3 Energy Ltd (ASX:D3E, OTCQX:DNRGF) will carry out restorative sealing work at its Nooitgedacht Project in South Africa after downhole logging verified gas-bearing zones in both the NGT245 D and NGT245 E wells, while determining much deeper water inflows that are presently limiting gas circulation.
Analysis of current geophysical logging revealed water from much deeper production zones had actually increased above the gas-bearing periods in both wells. With tank pressure at the area exceptionally low, the raised water level is hindering gas circulation.
Bitcoin pulled away listed below US$ 79,000 on Wednesday as financiers minimized direct exposure to run the risk of properties ahead of United States inflation information and next week’s Federal Reserve interest-rate choice.
The world’s biggest cryptocurrency was trading at about US$ 78,751, down 0.7%, after moving in between an intraday low of US$ 77,680 and a high of US$ 79,432.
Europe’s aspiration to decrease its reliance on United States expert system platforms has actually gotten its most significant monetary increase yet, with France’s Mistral AI raising EUR3 billion in a Samsung- led financing round.
The Series D valued the three-year-old business at more than EUR21 billion after the financial investment, nearly doubling its appraisal in approximately a year and representing the biggest equity fundraising finished by a European innovation business.
Noble Helium Ltd (ASX:NHE, OTC:NBHEF, FRA:GN1) has actually started mobilising a drilling rig for its 2026 helium expedition project at the 100%- owned North Rukwa Project in Tanzania, with the Kinambo -1 well anticipated to spud in early October.
BoreXpert will move the Schramm T130 XD rig from Kenya to the Kinambo website, with arrival anticipated throughout the last week of September.
Sovereign Metals Ltd (ASX:SVM, OTCQX:SVMLF, AIM:SVML, FRA:SVM) has actually detailed the possible to include US$ 722 million in pre-tax net present worth to its Kasiya Critical Minerals Project in Malawi by recuperating an uncommon earth-rich monazite concentrate as a spin-off.
A brand-new scoping research study approximates the unusual earth circuit would need incremental capital of around US$ 29 million and might provide a pre-tax internal rate of return of 151%, with repayment in around 18 months.
Bitcoin stayed pinned around US$ 79,000 on Tuesday as cryptocurrency markets soaked up stronger-than-expected United States work information and the possibility that rate of interest might stay greater for longer.
The world’s biggest cryptocurrency was altering hands at approximately US$ 78,950, down around 1.4%, while Ethereum slipped about 1% to US$ 2,483. Solana was around US$ 103.60 after losing more than 2%, with XRP down a comparable quantity at about US$ 1.39.
Apple Inc (NASDAQ:AAPL, XETRA:APC) is getting ready for among its most carefully enjoyed item launches in years, with its September 9 occasion anticipated to include the business’s very first collapsible iPhone together with the brand-new iPhone 18 Pro variety.
The possible launch marks a considerable modification for Apple, which has up until now left the collapsible mobile phone market to competitors consisting of Samsung and Huawei.
Astral Resources NL (ASX:AAR) has actually provided another batch of thick, state-of-the-art gold crossways from infill drilling at the Theia deposit, even more enhancing the proposed Stage 1 open pit at its 100%- owned Mandilla Gold Project near Kalgoorlie.
Assays from the most recent 41 reverse blood circulation holes covering 4,456 metres returned a weighted typical grade of 1.54 g/t gold, above the 1.1 g/t Mineral Resource grade within the Stage 1 pit and continuing to verify Astral’s geological and resource designs.
The Australian small-cap market opened decently greater on Tuesday as record copper costs and more powerful iron ore supplied assistance for resources stocks.
The S&P/ ASX Small Ordinaries was up 4 points, or 0.12%, at 3,475.20.
Aruma Resources Ltd (ASX:AAJ) is advancing its Phase 2 diamond drilling project at the Tillex Copper-Silver Project in Ontario’s Timmins mining district, with 6 holes finished for 1,046 metres and very first assay results anticipated within the next 2 weeks.
The 3,600-metre program is checking strike, width and depth extensions to the recognized state-of-the-art copper-silver mineralisation at Tillex, with drilling now about 100 metres southwest along strike of the southern end of the existing drill-defined state-of-the-art pod.
archTIS Ltd (ASX:AR9, OTCQB:ARHLF) has actually protected a three-year agreement worth about A$ 445,000 with a leading US-based personal air travel services business, extending the reach of its data-centric security innovation beyond its conventional federal government and defence markets.
The consumer will release archTIS’ Spirion Sensitive Data Platform (SDP) throughout its Microsoft 365 environment, workstations and business file shares to enhance the discovery, category and security of delicate details.
Krakatoa Resources Ltd (ASX:KTA, LSE:, AIM:) has actually provided state-of-the-art gold and antimony from the very first batch of assays from its 2026 drilling program at the Zopkhito Antimony-Gold Project in Georgia.
The standout result originated from DD26ZOP001, which returned 1.8 metres at 11.09 g/t gold and 3.56% antimony from 52.6 metres, consisting of 1.15 metres at 10.86 g/t gold and 5.51% antimony.
Prescient Therapeutics Ltd (ASX:PTX) has actually extended the closing date of its share purchase strategy (SPP) by one week, offering qualified investors extra time to take part in the raising of approximately $7 million.
The clinical-stage oncology business’s SPP will now close at 5 pm AEST on Tuesday, September 15, instead of September 8, after numerous investors asked for more time since of hold-ups in getting deal paperwork.
Titan Minerals Ltd (ASX:TTM, OTC:TTTNF) has actually extended broad, state-of-the-art gold-silver mineralisation at the 100%- owned Dynasty Gold Project in southern Ecuador.
Extensional drilling at the Brecha-Comanche target has actually verified a 30-metre lateral extension to mineralisation found throughout the business’s 2025 drilling project.
The Australian sharemarket is anticipated to open a little lower as increasing oil costs restore inflation issues, although record copper costs might support heavyweight mining stocks.
ASX 200 futures were indicating a decrease of 7 points, or 0.1%, at the open.
Bitcoin was holding around the US$ 80,000 mark on Monday early morning as cryptocurrency markets weighed strong institutional purchasing versus restored unpredictability over the course of United States rate of interest.
The world’s biggest cryptocurrency was bit altered over 24 hr after an unstable week that saw it quickly climb up above US$ 82,000, its greatest level given that May, before pulling away following stronger-than-expected United States work information.
Anthropic is moving closer to what might turn into one of the biggest going publics in history, with the Claude designer supposedly preparing to start marketing its IPO from mid-October and financiers talking about an assessment of around US$ 2 trillion.
The expert system business in complete confidence sent a draft S-1 registration declaration to the United States Securities and Exchange Commission on June 1, offering it the choice to continue with a listing once the regulative evaluation is finished. Anthropic has not officially set an offering cost, variety of shares or appraisal.
Josh Gilbert, lead expert for APAC at eToro Group Ltd (Unlisted (US):ETRO), shares his 2 things to see in Australia in the coming days.
Aussie profits season is done, and the outcomes total were much better than what lots of financiers would have anticipated entering.
Anteris Technologies Pty Ltd (ASX:AVR, NASDAQ:AVR) has actually selected knowledgeable monetary executive Brent Moen as primary monetary officer, efficient September 12, 2026 AEST.
Moen brings more than 25 years of management experience throughout public and personal business, with know-how covering capital markets, financier relations, mergers and acquisitions and scaling growth-focused organisations, consisting of medical innovation organizations.
Tamboran Resources Corporation (NYSE:TBN, ASX:TBN, OTC:TBNRL, FRA:O8R) has actually started preliminary gas sales from the Shenandoah South Pilot Project in the Northern Territory’s Beetaloo Basin, marking the very first volumes from the basin to get in the Northern Territory gas market.
Tamboran and joint endeavor partner Daly Waters Energy, LP (DWE) provided the very first gas into the Northern Territory network over the weekend, starting the commissioning stage of the job.
Minds by Animoca Brands Corporation Ltd (Unlisted (AU):AB1) has actually partnered with Amazon Web Services (AWS) to release the AWS Agentic Football Cup – Virtual League, an international competitors developed to provide individuals hands-on experience structure and handling groups of expert system representatives.
The inaugural Alpha Season will start on September 11, with individuals completing for the possibility to go to the finals at AWS re in Las Vegas and share in a US$ 50,000 reward swimming pool.
It’s an unpredictable start to the week for the Australian sharemarket after suddenly strong United States work development increased expectations that the Federal Reserve will raise rate of interest this month.
ASX 200 futures were down simply 1 point at 9,002, indicating a broadly flat open. However, that sign preceded a weekend escalation in stress in between the United States and Iran, including unpredictability to Monday’s session.
