AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Several ASX small-cap companies are making notable advancements today, with key developments ranging from securing major contracts to ramping up exploration activities. Duratec and DDR Australia have won substantial infrastructure projects, while Voltaic, Aruma, Firetail, and Stavely are progressing their respective resource exploration efforts, reporting promising results and gearing up for further drilling. These updates signal significant growth potential as these companies push forward with their initiatives across construction, defence, and resource sectors.
Here are five ASX small caps making notable moves today:
Duratec (ASX:DUR)
Duratec, a construction services company, along with its associate DDR Australia, has secured significant contracts. Duratec will be responsible for refurbishing the King Bay Supply Base Wharf in Western Australia, with the project valued at $21.8 million. The work is set to begin in February 2025. Meanwhile, DDR Australia has won a $54.7 million contract with Defence to upgrade and build new infrastructure in the Northern Territory. The project is expected to last 30 months and will involve the refurbishment of buildings, upgrades to engineering services, and the installation of new infrastructure.
Voltaic Strategic Resources (ASX:VSR)
Voltaic has initiated a detailed exploration program at its Paddy’s Well Project in Western Australia. Field teams will focus on 16 carbonatite targets, conducting surface sampling and mapping to refine potential drill sites. The exploration will concentrate on niobium, rare earth elements, and uranium, while also identifying new prospects for lithium. This phase aims to advance the project’s targets to drill-ready status.
Aruma Resources (ASX:AAJ)
Aruma Resources has reported positive results from its initial surface sampling at the Fiery Creek Copper Project in Queensland. High-grade copper was discovered at the Piper prospect, with standout results of 11.83% and 11.53% copper. Significant antimony and silver levels were also noted. Previous sampling in the area had already indicated strong copper grades. Given the project's potential, Aruma plans to conduct more detailed ground surveys and an IP (Induced Polarization) survey in the coming months to refine drill targets further.
Firetail Resources (ASX:FTL)
Firetail is accelerating its exploration efforts at the York Harbour Cu-Zn-Ag Project in Canada. The company is currently preparing for drilling by reconditioning access tracks and setting up drill sites. Promising sulphide zones, which were previously overlooked, have been identified, and additional unsampled drill cores will now be analyzed. Permits for an expanded drilling program and geophysical surveys have been granted, with an airborne EM (electromagnetic) survey scheduled for late September. This survey will target new areas along a 16 km trend.
Stavely Minerals (ASX:SVY)
Stavely has completed an aircore drilling program at the high-grade Junction copper prospect in Western Victoria. The recent drilling has confirmed the geometry of the high-grade copper mineralization and yielded several promising intercepts, including copper-gold-silver lodes. Historical results from Junction include notable copper and silver grades. The program involved 20 drill holes, which have now been completed and rehabilitated. Assay results from the samples are expected in the coming weeks.
These companies are advancing their projects with significant contracts, exploration efforts, and promising resource findings, positioning themselves for future growth.
