Small Cap Weekly Wrap: Decision Minerals wraps up biggest-ever drill marketing campaign; Alkane Resources grows FY26 useful resource base
The S&P/ASX Small Ordinaries (XSO) got here underneath stress on the open on Friday, falling 1.58% to three,368.60 at market open, down 54.20 factors from Thursday’s shut of three,422.80.
The index opened at 3,422.80 earlier than rapidly dropping to an early low of three,377.00, whereas the most recent studying shortly after the open confirmed the XSO round 3,367. Over the previous 5 periods, the small-cap benchmark has fallen 2.99%.
eMetals Ltd (ASX:EMT) is getting ready to launch its maiden drilling marketing campaign on the Mineral Range Tungsten Project in Utah, with web site works full and the drilling contractor anticipated to mobilise within the week starting September 28, 2026.
The firm has accomplished grading of entry tracks and clearing of drill pad areas, whereas all logistical preparations are actually in place for this system concentrating on high-grade tungsten mineralisation in Beaver County.
Immutep Ltd (ASX:IMM) has outlined a extra centered improvement technique for eftilagimod alfa (efti), concentrating on head and neck most cancers sufferers with unfavorable PD-L1 expression and the neoadjuvant therapy of sentimental tissue sarcoma (STS).
The biotechnology firm is getting ready for its subsequent medical trials, with research focused to start within the second half of 2027, topic to ultimate trial design, regulatory discussions, manufacturing timelines, partnering and accessible assets.
Invictus Energy Ltd (ASX:IVZ) has awarded SLB, previously Schlumberger, a key drilling and nicely companies contract for the high-impact Musuma-1 exploration nicely at its Cabora Bassa Project in Zimbabwe, holding the marketing campaign on monitor for a November 2026 spud.
The contract is a serious operational milestone as Invictus advances a number of workstreams in parallel, together with development of the Musuma-1 wellpad and entry roads, preparation of drilling tools and upkeep of Exalo Rig 202 forward of mobilisation.
Ariana Resources PLC (AIM:AAU, ASX:AA2, FRA:4A6) instructed buyers that drilling at its 1.6-million-ounce Dokwe Gold Project in Zimbabwe returned broad zones of gold mineralisation as work advances on the venture’s definitive feasibility research.
Metallurgical drilling at Dokwe North included 24 metres grading 4.71 grams per tonne (g/t) gold from 172 metres, together with 2 metres at 46.95g/t, whereas one other gap returned 68 metres at 2.03g/t. At Dokwe Central, drilling intercepted 98 metres at 2.85g/t from 91 metres, together with one metre at 93.72g/t.
Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) is stepping up its Australian transport systems push, partnering with a number of the nation’s largest knowledge centre and cloud operators on plans to ship as much as 2 gigawatts of AI computing transport systems by 2027.
The chip large is working with Firmus, Sharon AI, IREN, ResetData, CDC, NEXTDC (ASX:NXT), Megaport and AirTrunk to develop transport systems able to internet hosting successive generations of Nvidia’s DSX AI factories.
Identifai Genetics Ltd (ASX:ID1) is looking for to boost $10 million forward of a proposed ASX itemizing underneath the code ID1, because it strikes its AI-powered Windrose™ prenatal genetic testing platform in direction of medical validation and commercialisation within the United States.
The firm is offering 50 million shares at $0.20 each, implying an indicative undiluted market capitalisation of about $38.4 million on completion of the supply. The supply opened on September 10 and is scheduled to shut on September 29, with ASX buying and selling anticipated to start on October 16, topic to satisfaction of the supply circumstances.
Bitcoin remained underneath stress round US$78,000 on Thursday morning as surging oil costs, rising bond yields and rising expectations of one other US rate of interest hike stored cryptocurrency buyers cautious.
The globe’s largest cryptocurrency was buying and selling round US$78,300, whereas Ethereum modified palms close to US$2,470. XRP was round US$1.40 and Solana close to US$102, with most main tokens slipping over the previous 24 hours.
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) shares jumped greater than 6% after the corporate unveiled Muse, a private synthetic intelligence agent designed to hold out duties together with sending emails, reserving journey and making purchases.
The market response urged buyers see Muse as a possible step in direction of monetising Meta’s heavy AI spending, which is predicted to succeed in US$130 billion to US$145 billion in capital expenditure in 2026
American Rare Earths Ltd (ASX:ARR, OTCQX:ARRNF) has appointed minerals processing specialist Dr Sanja Miskovic as chief technical advisor to assist feasibility work and course of optimisation at its Halleck Creek Rare Earths Project in Wyoming.
Effective instantly, Dr Miskovic will information flowsheet improvement, beneficiation, hydrometallurgical restoration and scale-up actions geared toward supporting manufacturing of separated uncommon earth oxides in Wyoming.
Ora Banda Mining Ltd (ASX:OBM, OTC:ESGFF, FRA:M6N) has began underground mining at its Waihi gold mine close to Davyhurst in Western Australia. This is the corporate’s third underground mine improvement in three years whereas new drilling has highlighted additional high-grade potential on the close by Midnight prospect.
Waihi, round three kilometres west of Ora Banda’s Davyhurst processing plant, is predicted to start contributing high-grade ore from mid-2027, forward of the deliberate commissioning of the corporate’s new 3.0 million tonnes each year processing plant in early 2028.
First Graphene Ltd (ASX:FGR, OTCQB:FGPHF, FRA:M11) has secured its first manufacturing buy order from Australian producer Pacific Urethanes Pty Ltd for PureGRAPH® graphene for use in polyurethane programs concentrating on fire-retardant purposes within the mining business.
The order introduces each a brand new business buyer and a brand new software for PureGRAPH®, with the graphene materials to be integrated into polyurethane formulations geared toward bettering hearth efficiency whereas sustaining the sturdiness and put on resistance required in harsh mining environments.
Critical Resources Ltd (ASX:CRR, FRA:9S70) has accomplished greater than a month of steady biking of a full-format laboratory pouch cell utilizing its solvent-free Dry Supersonic Deposition (DSD) cathode expertise, establishing an engineering baseline for the following section of its solid-state battery improvement program.
The hand-assembled cell underwent round 780 hours of steady electrochemical testing at a 0.2C charge-discharge charge, finishing 65 cycles and retaining roughly 75% of its preliminary capability.
Aruma Resources Ltd (ASX:AAJ) has recognized three high-priority exploration areas at its 100%-owned Fiery Creek Copper Project in Queensland’s Mt Isa copper belt after finishing a project-wide geological research and new 3D structural mannequin.
The research built-in geological mapping, drilling, geochemistry, airborne magnetics, gravity knowledge and three-dimensional inversion modelling, producing what Aruma described as the primary complete geological and structural interpretation of the venture space.
The S&P/ASX Small Ordinaries (ASX) completed yesterday at 3,451.80 factors, down 0.23% or 7.90 factors, though the index remained 0.15% greater, or 5.20 factors, over the previous 5 periods.
Despite the softer session for the broader small-cap market, a number of firms delivered venture, expertise and business updates spanning copper exploration, battery supplies, superior graphene purposes and gold improvement.
Sovereign Metals Ltd (ASX:SVM, OTCQX:SVMLF, AIM:SVML, FRA:SVM) traded at 27.70p, up 4%, on Wednesday as a scoping research indicated the potential for $84 million in further annual EBITDA at Kasiya.
The scoping research estimates a $722 million enhance in Kasiya’s pre-tax web current worth, discounted at 8%, from $29 million of further preliminary capital.
Sovereign Metals Ltd (ASX:SVM, OTCQX:SVMLF, AIM:SVML, FRA:SVM) stated including uncommon earth restoration to its Kasiya venture in Malawi might generate an incremental US$722 million pre-tax NPV, for round US$29 million of capital to first manufacturing.
A scoping research estimated a 151% pre-tax inner charge of return and payback of about 1.5 years, with the proposed circuit recovering monazite from mineral streams already generated by the rutile and graphite processing flowsheet.
Austal Limited (ASX:ASB) shares jumped 6% to $4.61 after the Australian shipbuilder confirmed its board and advisers would contemplate the next proposal for its US operations from Miami-based Wildcat Infrastructure.
Wildcat has submitted a non-binding proposal valuing Austal USA at between US$1.25 billion and US$1.35 billion on a cash-free, debt-free foundation, exceeding an earlier method from South Korea’s Hanwha.
Innovaero is scheduled to listing on the Australian Securities Exchange (ASX) on September 22 after finishing a completely subscribed initial public offering (IPO) that raised A$40 million earlier than prices to speed up its sovereign defence and aerospace manufacturing ambitions.
The Perth-based aerospace and defence unique tools producer issued 80 million shares at A$0.50 every, giving the corporate an indicative market capitalisation of A$158.3 million on itemizing.
QBiotics Group Limited has lodged a prospectus with the Australian Securities and Investments Commission (ASIC) for a suggestion looking for to boost as much as A$40 million from new and present shareholders, as the corporate advances its tigilanol tiglate oncology program following encouraging Phase II head and neck most cancers outcomes.
The supply has a minimal elevating of A$5 million, with full particulars contained within the prospectus.
WhiteRock Lithium Corp (ASX:WLC) has greater than doubled the recognized strike size of the Spodumene Mountain lithium system at its 100%-owned Banana Lithium Project in Québec, Canada, in any case seven holes from the opening section of its 2026 drilling marketing campaign intersected pegmatite containing visually recognized spodumene.
The drilling prolonged the recognized strike by 115%, from round 650 metres to 1.4 kilometres, including 350 metres to the southwest and 400 metres to the northeast past the bounds of WhiteRock’s 2024 program. Pegmatite intersections reached as much as 77.4 metres, with coarse-grained spodumene noticed in all seven holes.
D3 Energy Ltd (ASX:D3E, OTCQX:DNRGF) will undertake remedial cementing work at its Nooitgedacht Project in South Africa after downhole logging confirmed gas-bearing zones in each the NGT245 D and NGT245 E wells, whereas figuring out deeper water inflows which are at present proscribing gasoline move.
Analysis of current geophysical logging confirmed water from deeper manufacturing zones had risen above the gas-bearing intervals in each wells. With reservoir stress on the location extraordinarily low, the elevated water stage is inhibiting gasoline move.
Bitcoin retreated beneath US$79,000 on Wednesday as buyers lowered publicity to threat belongings forward of US inflation knowledge and subsequent week’s Federal Reserve interest-rate choice.
The globe’s largest cryptocurrency was buying and selling at about US$78,751, down 0.7%, after shifting between an intraday low of US$77,680 and a excessive of US$79,432.
Europe’s ambition to scale back its dependence on US synthetic intelligence platforms has acquired its greatest monetary increase but, with France’s Mistral AI elevating €3 billion in a Samsung-led funding spherical.
The Series D valued the three-year-old firm at greater than €21 billion after the asset placement, nearly doubling its valuation in roughly a yr and representing the most important fairness fundraising accomplished by a European expertise firm.
Noble Helium Ltd (ASX:NHE, OTC:NBHEF, FRA:GN1) has begun mobilising a drilling rig for its 2026 helium exploration marketing campaign on the 100%-owned North Rukwa Project in Tanzania, with the Kinambo-1 nicely anticipated to spud in early October.
BoreXpert will transfer the Schramm T130 XD rig from Kenya to the Kinambo web site, with arrival anticipated in the course of the ultimate week of September.
Sovereign Metals Ltd (ASX:SVM, OTCQX:SVMLF, AIM:SVML, FRA:SVM) has outlined the potential so as to add US$722 million in pre-tax web current worth to its Kasiya Critical Minerals Project in Malawi by recovering a uncommon earth-rich monazite focus as a by-product.
A brand new scoping research estimates the uncommon earth circuit would require incremental capital of round US$29 million and will ship a pre-tax inner charge of return of 151%, with payback in roughly 18 months.
Bitcoin remained pinned round US$79,000 on Tuesday as cryptocurrency financial hubs absorbed stronger-than-expected US employment knowledge and the prospect that rates of interest might stay greater for longer.
The globe’s largest cryptocurrency was altering palms at roughly US$78,950, down round 1.4%, whereas Ethereum slipped about 1% to US$2,483. Solana was round US$103.60 after dropping greater than 2%, with XRP down an identical quantity at about US$1.39.
Apple Inc (NASDAQ:AAPL, XETRA:APC) is getting ready for one in all its most intently watched product launches in years, with its September 9 occasion anticipated to function the corporate’s first foldable iPhone alongside the brand new iPhone 18 Pro vary.
The potential launch marks a big change for Apple, which has thus far left the foldable smartphone market to rivals together with Samsung and Huawei.
Astral Resources NL (ASX:AAR) has delivered one other batch of thick, high-grade gold intersections from infill drilling on the Theia deposit, additional strengthening the proposed Stage 1 open pit at its 100%-owned Mandilla Gold Project close to Kalgoorlie.
Assays from the most recent 41 reverse circulation holes protecting 4,456 metres returned a weighted common grade of 1.54 g/t gold, above the 1.1 g/t Mineral Resource grade throughout the Stage 1 pit and persevering with to validate Astral’s geological and useful resource fashions.
The Australian small-cap market opened modestly greater on Tuesday as report copper costs and stronger iron ore offered assist for assets shares.
The S&P/ASX Small Ordinaries was up 4 factors, or 0.12%, at 3,475.20.
Aruma Resources Ltd (ASX:AAJ) is progressing its Phase 2 diamond drilling marketing campaign on the Tillex Copper-Silver Project in Ontario’s Timmins mining district, with six holes accomplished for 1,046 metres and first assay outcomes anticipated throughout the subsequent two weeks.
The 3,600-metre program is testing strike, width and depth extensions to the recognized high-grade copper-silver mineralisation at Tillex, with drilling now about 100 metres southwest alongside strike of the southern finish of the present drill-defined high-grade pod.
archTIS Ltd (ASX:AR9, OTCQB:ARHLF) has secured a three-year contract price about A$445,000 with a number one US-based personal aviation companies firm, extending the attain of its data-centric safety expertise past its conventional authorities and defence financial hubs.
The buyer will deploy archTIS’ Spirion Sensitive Data Platform (SDP) throughout its Microsoft 365 atmosphere, workstations and enterprise file shares to enhance the invention, classification and safety of delicate data.
Krakatoa Resources Ltd (ASX:KTA, LSE:, AIM:) has delivered high-grade gold and antimony from the primary batch of assays from its 2026 drilling program on the Zopkhito Antimony-Gold Project in Georgia.
The standout consequence got here from DD26ZOP001, which returned 1.8 metres at 11.09 g/t gold and three.56% antimony from 52.6 metres, together with 1.15 metres at 10.86 g/t gold and 5.51% antimony.
Prescient Therapeutics Ltd (ASX:PTX) has prolonged the time limit of its share buy plan (SPP) by one week, giving eligible shareholders further time to take part within the elevating of as much as $7 million.
The clinical-stage oncology firm’s SPP will now shut at 5 pm AEST on Tuesday, September 15, moderately than September 8, after a number of shareholders requested extra time due to delays in receiving supply documentation.
Titan Minerals Ltd (ASX:TTM, OTC:TTTNF) has prolonged vast, high-grade gold-silver mineralisation on the 100%-owned Dynasty Gold Project in southern Ecuador.
Extensional drilling on the Brecha-Comanche goal has confirmed a 30-metre lateral extension to mineralisation found in the course of the firm’s 2025 drilling marketing campaign.
The Australian sharemarket is predicted to open barely decrease as rising oil costs renew inflation issues, though report copper costs might assist heavyweight mining shares.
ASX 200 futures had been pointing to a decline of seven factors, or 0.1%, on the open.
Bitcoin was holding across the US$80,000 mark on Monday morning as cryptocurrency financial hubs weighed sturdy institutional shopping for towards renewed uncertainty over the trail of US rates of interest.
The globe’s largest cryptocurrency was little modified over 24 hours after a risky week that noticed it briefly climb above US$82,000, its highest stage since May, earlier than retreating following stronger-than-expected US employment knowledge.
Anthropic is shifting nearer to what might turn into one of many largest preliminary public choices in historical past, with the Claude developer reportedly getting ready to start advertising and marketing its IPO from mid-October and buyers discussing a valuation of round US$2 trillion.
The synthetic intelligence firm confidentially submitted a draft S-1 registration assertion to the US Securities and Exchange Commission on June 1, giving it the choice to proceed with an inventory as soon as the regulatory assessment is accomplished. Anthropic has not formally set an providing value, variety of shares or valuation.
Josh Gilbert, lead analyst for APAC at eToro Group Ltd (Unlisted (US):ETRO), shares his two issues to observe in Australia within the coming days.
Aussie earnings season is completed, and the outcomes total had been higher than what many buyers would have anticipated stepping into.
Anteris Technologies Pty Ltd (ASX:AVR, NASDAQ:AVR) has appointed skilled monetary govt Brent Moen as chief monetary officer, efficient September 12, 2026 AEST.
Moen brings greater than 25 years of management expertise throughout private and non-private firms, with experience spanning capital financial hubs, investor relations, mergers and acquisitions and scaling growth-focused organisations, together with medical expertise companies.
Tamboran Resources Corporation (NYSE:TBN, ASX:TBN, OTC:TBNRL, FRA:O8R) has begun preliminary gasoline gross sales from the Shenandoah South Pilot Project within the Northern Territory’s Beetaloo Basin, marking the primary volumes from the basin to enter the Northern Territory gasoline market.
Tamboran and three way partnership companion Daly Waters Energy, LP (DWE) delivered the primary gasoline into the Northern Territory community over the weekend, starting the commissioning section of the venture.
Minds by Animoca Brands Corporation Ltd (Unlisted (AU):AB1) has teamed up with Amazon Web Services (AWS) to launch the AWS Agentic Football Cup – Virtual League, a world competitors designed to present members hands-on expertise constructing and managing groups of synthetic intelligence brokers.
The inaugural Alpha Season will start on September 11, with members competing for the prospect to attend the finals at AWS re in Las Vegas and share in a US$50,000 prize pool.
It’s an unsure begin to the week for the Australian sharemarket after unexpectedly sturdy US employment development elevated expectations that the Federal Reserve will increase rates of interest this month.
ASX 200 futures had been down simply 1 level at 9,002, pointing to a broadly flat open. However, that indication preceded a weekend escalation in tensions between the US and Iran, including uncertainty to Monday’s session.
