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Highlights:
- Lycaon Resources gains attention with a leadership change and upcoming exploration results.
- AusQuest's significant copper find in Peru ignites market interest.
- Several small-cap resources stocks, including Arrow Minerals and Tennant Minerals, show strong movements.
Lycaon Resources (ASX:LYN)
Lycaon Resources, a niobium and rare earths explorer, saw its shares surge after appointing former Azure Minerals’ MD, Tony Rovira, as a director. This strategic move was coupled with Rovira's personal investment of $360,000 aimed at propelling the company's focus in the remote West Arunta region. LYN's shares remain paused pending exploration outcomes from the maiden drilling program at the Stansmore project, an anomaly likened to significant discoveries such as Havieron and Ernest Henry mines.
AusQuest (ASX:AQD)
AusQuest made headlines with its discovery of substantial copper deposits in the Cangallo project, southern Peru. The find, considered a major exploration story of 2025, led to a 200% rise in the company's share prices. This discovery’s allure lies not only in its size but also in its location near the surface, potentially allowing for open cut mining. The company is planning extensive drilling and geophysical surveys to better define the resource.
Arrow Minerals (ASX:AMD)
Arrow Minerals reported notable advancements in its Simandou North iron ore asset in Guinea, after metallurgical tests revealed a high-grade hematite production. Despite the recent capital raising efforts and enhanced interest driven by burgeoning bauxite prospects at its Niagara project, a significant update is anticipated with a forthcoming scoping study and resource estimate.
Tennant Minerals (ASX:TMS)
Positioned in the NT’s Tennant Creek area, Tennant Minerals progresses with its Barkly project under a strategic alliance. Focused on advancing copper and gold development, the collaboration envisions a shared processing facility to benefit regional stakeholders. After identifying rich copper and gold zones at Bluebird, TMS plans further drilling targeting similar high-priority areas.
Vertex Minerals (ASX:VTX)
Vertex Minerals is advancing the Reward gold mine at Hill End, New South Wales, bolstered by historical production of over 1.8Moz of gold. The recent acquisition of a gold plant has set the stage for its commissioning and expected gold production by the end of January. Vertex plans to initially process 50,000 tonnes of stockpiles as part of developing the Reward underground mine, contributing to a 200% share increase over the past year.
