Small-cap miners delivered a dense run of operational progress today, from processing plants hitting steady state to drill results extending known deposits. Ironveld led the tape after confirming its DMS plant has reached sustained production, while Atalaya Mining and ACG Metals both reported hard operational gains underpinning their respective copper and gold projects. Exploration updates from Shuka Minerals, Rockfire Resources, Alien Metals and Orosur Mining rounded out a busy session for the sector.
Ironveld's DMS plant reaches sustained output
Ironveld (IRON) confirmed its dense media separation plant has achieved sustained production and consistent product quality, opening the door to additional revenue from maghemite alongside its existing output. Chief executive Kris Andersson called the milestone significant, and the market responded emphatically, with the shares surging 23.684% to 0.0235p.
Sunrise Resources pivots to precious and base metals
Sunrise Resources (SRES) announced a strategic refocus onto its precious and base metals portfolio, a shift chief executive Patrick Cheetham described as decisive in unlocking value and organic growth potential within the company's existing assets. The shares traded at 0.016p following the announcement.
Shuka Minerals hits 3% copper in latest Kabwe drill hole
Shuka Minerals (SKA) reported a fresh drill intercept at its Kabwe project grading up to 3% copper, with chief executive Richard Lloyd noting the orebody is thickening as drilling advances toward the central Speaks/Mine Club area. The shares slipped 3.19% to 2.517p despite the encouraging result.
Rockfire hits more zinc at Molaoi, infills resource panel
Rockfire Resources (ROCK) reported assay results from hole HMO-018 at its Molaoi zinc project in Greece, adding a further 50-metre panel toward an upgrade of the deposit to indicated resource status. The shares fell 7.258% to 0.115p on the day.
Alien Metals confirms iron mineralisation at Pilbara projects
Independent reconnaissance work identified hematite and martite-goethite mineralisation at Alien Metals (UFO)' Vivash and Brockman projects, both located adjacent to established mining operations in the Pilbara region of Western Australia. The shares traded at 0.095p.
Orosur's second APTA hole extends high-grade gold zone
Orosur Mining (OMI) reported that its second drill hole at APTA, MAP107, showed the zone to be more extensive than previously modelled, echoing results from the first hole. Chief executive Brad George said the company remains fully funded to continue the drilling campaign, with the stock down 1.493% to 16.5p.
Tharisa PGM output rises 15.5% as mining conditions normalise
Tharisa (THS) reported a 15.5% rise in PGM output for the quarter, with chief executive Phoevos Pouroulis describing operations as normalised and in line with budget as mining performance recovery lifted feed grades. The shares eased 1.6% to 113.165p.
ACG Metals beats oxide gold target as sulphide project nears completion
ACG Metals (ACG) reported oxide gold production ahead of target while construction of its Gediktepe Sulphide Expansion Project progressed on schedule and within budget, according to chairman and chief executive Artem Volynets. The shares dipped 0.46% to 1891.2p.
Atalaya Mining posts stronger Q2 as net cash triples
Atalaya Mining (ATYM) lifted both output and grades in the second quarter, with its net cash position tripling to €340.2 million on the back of higher realised copper prices. The shares climbed 6.541% to 847.0p, among the sector's strongest moves of the day.
