Bluebird Mining exits South Korea via royalty deal
Bluebird Mining Ventures (AIM:BMV) has agreed to transfer its Gubong and Kochang interests to a Vancouver-founded vehicle that will assume all funding obligations and liabilities associated with the projects. In return, Bluebird retains a 2.5% Net Smelter Return royalty per project, each carrying a USD 2.5 million buy-out right, a structure that preserves upside exposure without further capital commitment. The shares eased 4.76% to 0.06p on the day.
Aterian completes Lithosquare JV to fund Morocco and Botswana exploration
Aterian (AIM:ATN) completed a joint venture with Lithosquare, securing €1 million in funding to advance its 2026 exploration programmes across Morocco and Botswana. Chair Charles Bray said the agreement meant the full programme could now proceed "without delay and unhindered as anticipated." The stock slipped 2.5% to 23.4p.
First Class Metals seals Zigzag earn-in as 80:20 JV
First Class Metals (AIM:FCM) completed its earn-in at the Zigzag lithium and critical minerals project in northwestern Ontario, with the asset now operating as an 80:20 joint venture alongside Nuinsco Resources, with First Class as operator. The completion of the earn-in drove the shares up 20.36% to 3.37p, making it the session's standout mover in the sector.
Forgent secures drill approval for Peak Hills gold-copper project
Forgent (AIM:FORG) received Programmes of Work approval from Western Australia's Department of Mines, Petroleum and Exploration, clearing the path for a Phase 1 aircore drilling campaign at its Peak Hills gold-copper project. The regulatory green light lifted the shares 7.14% to 0.015p.
URU Metals identifies priority drill target at Zeb Nickel
URU Metals (AIM:URU) confirmed the identification of a priority drill target at its Zeb Nickel project, describing the setting as one of the most prospective on the project for higher-grade nickel-copper-PGE sulphide mineralisation. The update positions the company for a drilling decision, though the shares eased 2.8% to 6.075p.
Lexington Gold's Mining Right application accepted for Jelani project
Lexington Gold (AIM:LEX) announced that the joint venture vehicle it operates with Harmony Gold has had its Mining Right application accepted for processing by South Africa's Department of Mineral and Petroleum Resources. The acceptance preserves tenure and advances the Jelani project into statutory review, a milestone that pushed the shares up 10.0% to 3.74p.
Great Western schedules July drilling at Defender-Pine Crow ahead of maiden resource
Great Western Mining Corporation (AIM:GWMO) confirmed that drilling at the Defender-Pine Crow tungsten project is scheduled for July, with a maiden resource estimate targeted for the fourth quarter. CEO Ed Loye described the completion of preparatory programmes as "another important step in accelerating the project towards drilling and resource definition." The shares fell 7.17% to 4.27p.
Eastern Resources completes maiden fieldwork at Marengo under farm-in
Rockfire Resources (AIM:ROCK) reported that ASX-listed partner Eastern Resources has completed initial fieldwork at the Marengo Goldfield in Australia. Eastern is sole-funding AUD 1.5 million under a binding three-year farm-in agreement to earn up to an 80% interest in the project. Rockfire shares edged down 1.92% to 0.1275p.
Oriole formalises 50% ownership of Mbe project with US$100,000 acquisition
Oriole Resources (AIM:ORR) formalised the acquisition of an additional 10% interest in Oriole Mbe for US$100,000, lifting its total stake in the Cameroon-based flagship project licence to 50%. CEO Martin Rosser called the step "a welcome" development in consolidating the company's position. The shares were broadly flat, dipping 0.59% to 0.338p.
Cobra Resources begins fully funded diamond drilling at Manna Hill
Cobra Resources (AIM:COBR) commenced a diamond drilling programme at its Manna Hill project in South Australia, with the campaign fully funded and designed to test for depth continuity of high-grade skarn mineralisation and evaluate the potential for a deeper porphyry source. Managing Director Rupert Verco outlined those twin objectives as the programme's central aims. The shares fell 4.11% to 4.315p.
First Tin lodges regulatory response to keep Taronga on track
First Tin (AIM:1SN) submitted a formal response to Australian authorities in connection with its Taronga tin project, with the submission treated as a significant milestone in advancing the project through the regulatory process. The company described the step as important to keeping the project streamlined. The shares declined 2.52% to 12.38p.
Greatland Gold draws down debt facility as Havieron FID milestone triggered
Greatland Gold (AIM:GGP) reached a Final Investment Decision milestone at the Havieron gold-copper project in Western Australia's Paterson Province, alongside progress on a debt facility. Managing Director Shaun Day described the development of Havieron alongside Telfer life extensions as having "the potential to underpin a multi-decade, world class gold-copper mining hub." The shares eased 3.0% to 711.0p.
Cornish Metals intersects mineralised structures west of South Crofty
Cornish Metals reported the completion of drill hole SDD26_001A at South Crofty in Cornwall, with visual indications described as encouraging and supporting the company's interpretation of continued mineralisation west of the existing Mineral Resource areas. CEO Don Turvey called the completion "an important milestone" in the programme. No stock price data was available for the session.
