Bradda Head secures Arizona drilling permit
Bradda Head Lithium (AIM:BHL) surged 34.88% to 3.844p after receiving approval for a drilling permit at its Arizona lithium exploration portfolio. Executive Chair Ian Stalker described the approval as "an important development" that supports the rapid advancement of the company's US lithium assets. The permit clears the way for the next phase of exploration across a portfolio that has been building quietly for several years.
Kazera Global's Whale Head inks 50/50 production-sharing deal
Kazera Global (AIM:KZG) climbed 21.95% to 1.25p after its Whale Head Minerals subsidiary agreed a binding 50/50 production-sharing agreement with Rare Earth Minerals International at the Walviskop heavy mineral sands project. Under the arrangement, Rare Earth Minerals International will deploy the processing plant and share revenues equally, materially reducing Kazera's near-term capital requirements and de-risking the path to production.
Ariana Resources' Dokwe pre-feasibility delivers US$1bn-plus NPV
Ariana Resources (AIM:AAU) rose 11.59% to 2.0645p after a revised pre-feasibility study for its 100%-owned Dokwe Gold Project delivered a pre-tax NPV10 of US$1,056m and an IRR of 92% at US$4,250/oz gold. The study lifted Ore Reserves by 42%, models a 2.5Mtpa processing plant, and shows a one-year payback on US$164m of pre-production capital expenditure. Zeus Capital, which had already carried a bullish 7.9p per-share fair value on the stock, placed that estimate under review following the upgrade, signalling further upside potential in its assessment.
Kendrick raises £1.76m for Bonya rare earth drilling
Kendrick Resources (AIM:KEN) advanced 21.14% to 8.48p after raising £1.76m through subscriptions at 7p per share to fund drilling at its Bonya Rare Earth project. The placing takes the enlarged share capital to 402.06m shares and provides a funded path to the next exploration phase at a project that has attracted growing attention as rare earth demand intensifies.
Greatland Gold wins WA environmental approval for Havieron
Greatland Gold (AIM:GGP) gained 6.37% to 718.0p after receiving environmental approval from Western Australian authorities for its Havieron gold-copper project. Managing Director Shaun Day noted that once in steady state, Havieron is anticipated to produce around 270,000 oz of gold per annum at lowest-quartile costs, with an initial mine life of 17 years. The approval removes a key regulatory hurdle on the path to development.
Anglo Asian returns to profit as FY2025 revenue hits $122.8m
Anglo Asian Mining (AIM:AAZ) edged up 2.56% to 320.0p after reporting a strong set of full-year 2025 results. Revenue reached $122.8m and the group returned to profit before tax of $25.8m, a meaningful turnaround from the prior year. Management maintained 2026 production and cost guidance alongside the results, offering investors continuity of outlook.
Anglesey Mining names new CEO and reports magnetic survey anomalies
Anglesey Mining (AIM:AYM) ticked up 1.43% to 4.1588p on a dual announcement: the appointment of Andrew Fulton as Chief Executive Officer and the completion of an initial drone aero-magnetic survey at its 100%-owned Parys Mountain project. The survey identified anomalies consistent with VMS extensions at the historic copper-zinc deposit. The company also reported net debt of approximately £100,000, indicating a lean balance sheet as it transitions leadership.
Gem Resources cools delisting speculation
Gem Resources (AIM:GEMR) fell 17.65% to 0.35p despite issuing a statement confirming that the board has taken no decision to cancel the company's listing or to seek cancellation of its admission to trading. The clarification appeared to cool rather than extinguish market anxiety, with the stock remaining under pressure as investors weighed the significance of the denial itself.
Premier African Minerals advances Zulu commissioning onto ore
Premier African Minerals (AIM:PREM) rose 3.59% to 0.0202p after reporting that hot commissioning at its Zulu Lithium plant has progressed onto ore. The company expects to complete the full commissioning programme within Q2 2026, a milestone that would mark the transition from development to production at the Zimbabwe-based lithium project.
Panther Metals begins diamond drilling at Awkward Conduit Target
Panther Metals (AIM:PALM) added 3.85% to 135.0p after commencing a discovery-focused diamond drill programme at the Awkward Conduit Target within its Obonga Project. A single near-vertical hole is planned to approximately 400 metres depth to test a magma-conduit (chonolith) model for nickel, copper, and platinum-group elements, a high-impact target type that could prove transformational if the model is confirmed.
Atalaya reiterates full-year guidance despite rain-hit Q1
Atalaya Mining (AIM:ATYM) gained 3.61% to 818.0p after reiterating FY2026 copper production guidance of 50,000-54,000 tonnes, despite Q1 output falling to 9,939 tonnes from 14,291 tonnes a year earlier following heavy rainfall disruption at its Proyecto Riotinto operation in Spain. Management's confidence in recovering lost ground through the remainder of the year underpinned the positive market reaction.
Helix begins re-entry of Inez #1 for Souris River helium production
Helix Exploration (AIM:HEX) dipped 1.22% to 40.5p as it announced it had rigged up and commenced re-entry operations at the Inez #1 well at its Rudyard helium project in Montana. The re-entry targets the Souris River interval for immediate production, marking a practical step toward first helium revenues from the project.
KEFI replaces short-term funding with long-term facility at Tulu Kapi
KEFI Gold and Copper (AIM:KEFI) edged up 2.63% to 1.17p after providing a financing and project update confirming that Tulu Kapi remains ahead of schedule. The company replaced US$15m of short-term working capital funding with an equivalent US$15m of long-term, subsidiary-level financing, improving the project's capital structure as construction advances in Ethiopia.
Wishbone Gold exercises option to acquire Silver Lake in Western Australia
Wishbone Gold (AIM:WSBN) rose 2.51% to 28.96p after exercising its option to acquire the Silver Lake Project in Western Australia. Consideration comprised 3.57m new shares valued at £1.04m (A$2m), adding a further WA asset to the company's growing Australian exploration portfolio.
Galantas Gold posts C$2.35m quarterly loss alongside CA$85m placement highlight
Galantas Gold (AIM:GAL), which traded at 26.0p, reported a Q1 net loss of CA$2.35m in its latest quarterly results statement. The filing also highlighted the company's recently completed CA$85m placement as a key recent development, providing a substantial capital base to advance its gold projects despite the near-term loss.
