en.Wedoany.com Reported - 49 Metals Ltd (ASX:49M) has achieved its best gold intercept to date at the Gold Mountain project in Nevada, with reverse circulation drilling returning high-grade oxide gold results from hole DRC#9. The standout result was 9.1 meters at 21.9 grams per tonne gold from 224 meters depth, within a broader interval of 27.4 meters at 8.3 grams per tonne gold from 221 meters depth.
Alkane Resources Ltd (ASX:ALK, OTC:ALKEF) has commenced diamond drilling at the Nagambie antimony-gold project in Victoria, the first field exploration since reaching an earn-in agreement with Nagambie Resources Ltd (ASX:NAG) on the project earlier this year. Drilling is being carried out by Alkane subsidiary Mandalay Resources Costerfield Operations Pty Ltd, targeting antimony-gold discoveries at the historic Nagambie mine.
Rokeby Resources (ASX:RMT) has launched a nine-hole, 2,180-meter diamond drilling program at the high-grade Sunnyside deposit within the Omeo gold project in northeastern Victoria.
Lightning Minerals Ltd (ASX:L1M, FRA:YZ1) has raised A$1.85 million through a placement, with funds to be used to accelerate exploration of its Australian gold and copper portfolio, led by the flagship Mt Turner gold project in Queensland. The placement was supported by existing shareholders and new institutional investors, with management stating the funding is a vote of confidence in the strategic restructuring announced in April, which repositioned Lightning as a gold-focused explorer while retaining copper opportunities.
Dalaroo Metals Ltd (ASX:DAL) has delineated a large-scale gold anomaly at the Gold Ridge prospect in Côte d'Ivoire, with soil sampling returning a peak result of 2,188 ppb gold, defining a coherent mineralized corridor extending approximately 4.3 kilometers along strike. The results come from the Priority 1 soil geochemistry program at the company's Bondoukou gold project, strengthening evidence for a potentially significant structurally controlled gold system within the country's prolific Birimian greenstone belt.
PMET Resources (ASX:PMT) has obtained a series of high-grade lithium, cesium, and tantalum discoveries from a surface exploration program at its James Bay assets in Quebec. The company identified new mineralized pegmatites at Shaakichiuwaanaan, Pontois, and Pontax, with standout results including 16.43% cesium oxide (Cs₂O), 2.94% lithium oxide (Li₂O), and 3,768 ppm tantalum pentoxide (Ta₂O₅) in surface samples.
Copper prices surged above $14,000 per tonne, and aluminum climbed to its highest level in more than four years, driven by supply constraints and strong demand expectations, with ongoing uncertainty from the Middle East conflict. Base metals started June strongly, with the aluminum market under continued pressure from concerns over potential disruptions related to the US-Iran conflict, while copper traders positioned ahead of a key tariff decision by the Trump administration that could further tighten supply.
According to data from the Australian Bureau of Statistics (ABS), the Australian economy grew by just 0.3% in the March quarter, hit by cyclone-related disruptions to exports, weak government spending, and cautious consumers. The annual growth rate remained at 2.5%, but exports recorded their largest quarterly decline in two years, with net trade contributing negative 0.8 percentage points to GDP growth.
OMG Group Ltd (ASX:OMG) has released its fourth-quarter trading update, with net sales of approximately A$6.2 million on a moving annual total (MAT) basis as of May 2026, up 57% year-on-year. The result builds on the A$6 million MAT milestone reported at the end of the March quarter, reflecting continued growth across its Blue Dinosaur, Oat Milk Goodness, and matcha platforms.
Careteq Ltd (ASX:CTQ) has appointed experienced company director and chartered accountant Leonard Math as a non-executive director, effective immediately, with Brett Cheong departing the board. Math brings over 18 years of experience with ASX-listed companies and private enterprises, covering listed company compliance, corporate governance, statutory reporting, and shareholder relations.
The artificial intelligence boom has long been dominated by companies such as Nvidia, Microsoft, Amazon, and Google, with investors primarily focused on who controls the most powerful models. But as AI applications accelerate, delivering computing power into the hands of enterprises is becoming a new bottleneck.
Elon Musk's SpaceX, a rocket launch, satellite, and artificial intelligence company, is expected to finalize the terms of its initial public offering (IPO) as early as Thursday, planning to raise up to $75 billion (approximately A$104 billion) through the listing, potentially making it the largest stock market debut in history, far surpassing Saudi Aramco's $29.4 billion listing in 2019.
Percheron Therapeutics Ltd (ASX:PER, OTC:PERCF) has released new preclinical data suggesting its lead cancer therapy, HMBD-002, may help address treatment resistance in triple-negative breast cancer (TNBC), one of the most aggressive and difficult-to-treat forms of breast cancer. The findings were presented at the American Society of Clinical Oncology (ASCO) annual meeting in Chicago, stemming from collaborative research with the QIMR Berghofer Medical Research Institute in Brisbane, led by Professor Sudha Rao.
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