A busy day for corporate activity across the mining sector saw Alien Metals move to acquire a large-scale copper-gold project in Australia's Northern Territory, while Victrex surged after reaffirming full-year profit guidance on the back of a strong third quarter. Elsewhere, a fresh Aquis IPO, bonanza-grade gold assays, a metallurgical breakthrough in Mozambique, and a string of drill results underlined the breadth of news flow across the small-cap mining universe.
Alien Metals moves on 2,500km² IOCG copper-gold project
Alien Metals (AIM:UFO) is acquiring 100% of Knox Resources, the holder of a 2,500-square-kilometre iron oxide copper-gold project in the Northern Territory of Australia, from Venari. The transaction is subject to due diligence expected to complete within two weeks. The shares traded at 0.105p, down 4.5% on the day.
Victrex reaffirms profit guidance as Q3 revenues surge 18%
Victrex (LSE:VCT) maintained its fiscal 2026 underlying pre-tax profit target of £42m to £44m after third-quarter revenues rose 18% year-on-year, driven by strength in its Aerospace and Electronics end markets. The confirmation of guidance sent the shares up 17.2% to 682.0p, making it one of the standout performers of the session among materials stocks.
Reveille Resources floats on Aquis with £2m raise for Italian uranium
Reveille Resources (AQSE:RVL) completed its admission to the Aquis Growth Market, raising £2m to fund exploration at two historically significant uranium deposits in northern Italy. The Italy-focused explorer becomes one of the few uranium-focused vehicles listed in London, with the proceeds earmarked to advance the two deposits toward a more defined resource position.
Kendrick Resources confirms high-grade REE continuity at Teufelskuppe
Kendrick Resources (AIM:KEN) reported results from three new diamond drill holes at its Teufelskuppe carbonatite project in Namibia, with one hole returning grades above 3% total rare earth oxides across multiple intervals to nearly 40 metres depth. The broad, shallow intersections confirm continuity of rare earth mineralisation at the project. The shares were broadly flat at 6.1295p.
Forgent completes 40-hole drill campaign at Peak Hills
Forgent (AIM:FORG) finished its Phase 1 drill campaign at the Peak Hills gold-copper project in Western Australia, completing 40 holes across 2,680 metres. Assay results are now pending from an independent laboratory. The shares fell 16.7% to 0.0145p as the market awaited the analytical data.
First Class Metals validates bonanza-grade gold at Roy prospect
First Class Metals (AIM:FCM) confirmed a 45 g/t gold result in drill hole SUN26-05 at its Roy prospect following fire assay validation, with mineralisation now established across 300 metres of strike and open in all directions. Despite the significance of the bonanza-grade intersection, the shares fell 27.7% to 2.35p on the day.
NeoTerra achieves single-flowsheet metallurgical recovery at Monte Muambe
NeoTerra Group (AIM:TERA) reported that flotation testing at its Monte Muambe project in Mozambique has confirmed a practical route to recover fluorspar, heavy rare earths and gallium from a single processing flowsheet, a result that materially simplifies the project's development pathway. The company also noted that non-Chinese yttrium oxide prices have reached US$1,000 per kilogram, reinforcing the commercial case for the deposit. The shares rose 12.5% to 2.25p.
Anglesey Mining begins resource estimate review at Parys Mountain
Anglesey Mining (AIM:AYM) has appointed two geologists to begin a formal review of the mineral resource estimate at its Parys Mountain copper-zinc project in North Wales. The review marks a step toward updating the project's resource base at one of the UK's most historically significant base metal deposits. The shares were quoted at 4.25p.
Kazera Global lifts stake in South African mineral assets
Kazera Global (AIM:KZG) is acquiring further interests in its heavy mineral sands and diamond subsidiaries from a local partner, lifting its beneficial ownership in Deep Blue Minerals to 80%. The consolidation of its South African asset base comes as the shares eased 2.5% to 1.17p.
