Tivan mobilises for Molyhil drilling

Catalina Resources (ASX: CTN) has entered into a binding option agreement to acquire 100% of BGM Metals, including its exploration licenses in the Eastern Goldfields.The agreement covers the Aerosmith project, located on the south-eastern margin of the Yilgarn Craton.The package includes multiple prospects spanning volcanogenic massive sulphide (VMS) copper, structural gold and magmatic copper-nickel sulphide targets.Catalina executive director Ross Cotton comments on the acquisition.“The combination of mapped electromagnetic conductors, interpreted base-metal fertile stratigraphy and documented copper anomalism provides a compelling technical foundation for systematic exploration,” he said.“Importantly, the option structure allows Catalina to secure exposure to this opportunity in a disciplined manner while we undertake detailed technical assessment.“The acquisition expands our copper–gold exploration pipeline and positions the company to evaluate a prospective mineralised corridor within one of WA’s established mineral provinces."Importantly, this acquisition comes as Catalina continues to advance exploration across its broader project portfolio, with further results expected from ongoing programs, including the Central Yilgarn and Breakaway Dam.”Under the deal terms, Catalina will pay a $10,000 option fee for a 12-month option to acquire BGM. If exercised, the consideration will be $200,000 in Catalina shares based on a 20-day VWAP or a cash equivalent.

reatland Resources’ (ASX: GGP) Havieron feasibility study confirms the project’s potential as a world-class gold-copper mine capable of generating an annual pre-tax free cashflow of $739m.

Alcoa Australia (ASX: AAI) has removed areas in the Perth Hills from proposed exploration plans due to “local stakeholder and community feedback”.

Northern Star maintains $225m exploration budgetNorthern Star Resources’ (ASX: NST) FY26 exploration program continues to target near-mine growth across production centres, with spend heavily weighted to the miner’s flagship KCGM operations.The $225m budget is being spent across Northern Star’s three production centres of Kalgoorlie, Yandal and Pogo as well as the newly acquired Hemi development project.The exploration has yielded significant new discoveries of Hercules (Kalgoorlie), Golden Wonder (Yandal) and Star (Pogo).Northern Star managing director Stuart Tonkin comments on the company’s exploration updates.“This update highlights the strong organic growth potential across our global portfolio,” he said.“At Kalgoorlie, drilling and investment are driving growth, with future options to supply high-margin ore to the expanded Fimiston mill from FY27.“At Pogo, new drill drives have enabled extensional drilling, while surface programs advance near-mine opportunities, unlocking high priority targets such as Goodpaster, Star and Central Link.“The integration of our recent strategic acquisition, the Hemi development project, into our gold inventory is underway, with approvals progressing for what is to become our fourth production centre.” Kalgoorlie KCGM operations include the Fimiston open pit (Super Pit), Fimiston and Mt Charlotte underground mines and the Mt Percy project.Drilling has focused on exploration and extensional drilling at the underground operations.Fimiston South highlights further growth opportunities as exploration drilling over the past 12 months has successfully identified mineralisation up to 800m below existing mineral resources.New target ‘Golden Goose’ — north of the Charlotte Fault in Mt Charlotte underground — has highlighted the potential for new mineral resources with results of 73.1m @ 1.9g/t and 25.6m @ 4.0g/t.The Hercules project is focused on the upgrade and expansion of mineral resources outside the existing ore reserve. Infill drilling here has returned thick, high-grade intersections including results of 21.3m @ 6.1g/t and 12.9m @ 9.7g/t. Yandal Successful drilling in Jundee has identified new extensions to Deakin, Barton and Plutus areas with narrow high-grade intersections reported outside the current mineral resources.Surface drilling at Wonder West, within the Thunderbox project region, presents new, strong results from outside the current mineral resource presenting as a new high-grade opportunity. Pogo, Alaska (US) At the Star discovery, a thick high-grade zone was confirmed from a small, surface infill program.Current drilling activities in the Pogo underground mine have focused on testing near-mine extensions opportunities, with strong results returned at East Deep across several high-grade trends.