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Highlights
- Surefire advances MLEM survey at Copper Hill Project
- Titan Minerals expands Iguana resource footprint in Peru
- Cobalt Blue secures key federal support for cobalt project
Small-cap companies were actively progressing with resource development and exploration milestones, offering a window into Australia’s evolving critical minerals and precious metals landscape.
Surefire Resources (ASX:SRN) shared encouraging news about its ongoing geophysical work at the Copper Hill Project in Western Australia. The company reported that the moving-loop ground electromagnetic (MLEM) survey is progressing steadily, with no delays. The goal of the survey, designed by Southern Geoscience Consultants, is to identify and prioritise conductive anomalies that may be associated with copper sulphide mineralisation. These targets could potentially guide future drill testing and uncover new zones of interest within the Murchison region.
Meanwhile, Titan Minerals (ASX:TTM) revealed promising exploration results from its Dynasty Gold Project in southern Ecuador, particularly at the Iguana prospect. Trenching and mapping activities have successfully extended the known mineralisation by up to 800 metres from the previously defined resource area. These findings strengthen the case for further resource expansion, with a formal resource update expected soon. The company’s ongoing campaign reflects growing confidence in the asset’s scalability and long-term potential.
In the battery metals space, Cobalt Blue Holdings (ASX:COB) received a significant boost with a three-year extension to the Major Project Status for its flagship Broken Hill Cobalt Project in New South Wales. Originally granted in March 2022, the renewed status underscores the Commonwealth Government’s recognition of the project’s importance in supporting Australia’s critical minerals strategy. This designation not only provides enhanced federal-level regulatory support but also improves the project's development outlook. The company continues to develop parallel initiatives such as the Kwinana Cobalt Refinery and the Broken Hill Technology Centre, further strengthening its presence in the domestic battery materials sector.
These developments show that despite broader market shifts, exploration and project-level execution in the small-cap sector remains dynamic. From geophysical surveys and trenching campaigns to government-backed infrastructure support, the pipeline of resource potential continues to expand across commodities vital to energy transition and industrial growth.
