Astral, Firebird, QMines Updates Power Small Cap Buzz on All Ordinaries

June 26, 2025 02:16 PM AEST | By Team Kalkine Media

Astral, Firebird, QMines Updates Power Small Cap Buzz on All Ordinaries — Image source: shutterstock

Astral Resources Confirms Mandilla Gold Project Viability

Astral Resources NL (ASX:AAR) has released a detailed Pre-Feasibility Study for its wholly owned Mandilla Gold Project located near Kalgoorlie in Western Australia. The study marks a significant development milestone for the company, confirming long-term operational viability with multi-phase production projections.

The project spans both open-pit and later-stage mining phases and has been modelled across varying pricing environments. The findings indicate a favourable cash generation outlook and robust project economics under current operational plans. The Mandilla initiative continues to shape Astral’s standing in the domestic gold sector with future updates expected to align with broader development timelines.

QMines Enhances Throughput Strategy for Mt Chalmers Copper Asset

QMines Ltd (ASX:QML) has delivered results from bulk flotation metallurgical test work, reinforcing the scalability and throughput efficiency of its Mt Chalmers copper-gold project in Queensland. The outcomes indicate higher concentrate production capacity and an improved processing profile for the site.

These technical findings support a streamlined operational pathway and open the door to potential expansion of project scope. As demand for copper remains pivotal to electrification and clean energy applications, the test work serves to strengthen the project's processing and logistics framework.

Firebird Metals Pursues Battery Material Advancements

Firebird Metals Ltd (ASX:FRB) is progressing with early-stage testing within its lithium manganese iron phosphate (LMFP) cathode material program. The company aims to position itself within the growing segment of manganese-based battery solutions, aligned with shifts in electric vehicle and stationary storage demand.

The LMFP development complements global shifts towards higher-performance and lower-cost battery alternatives, with Firebird’s research focusing on scalable, low-cost production avenues. The company continues to expand its capabilities to meet evolving standards for performance and supply chain security.

Solis Minerals Shifts Strategic Focus to ASX

Solis Minerals Ltd (ASX:SLM) has formally completed its delisting from the TSX Venture Exchange, confirming its decision to concentrate operations and investor engagement through the ASX. This move includes governance and reporting alignments, with the company adopting a new calendar-year reporting period going forward.

The shift is designed to streamline corporate operations and enhance visibility within Australian capital markets. The change follows Solis’ operational progress in the battery materials sector and is expected to support the company’s ongoing growth strategy.

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