Alkane Resources Upgrades Gold Resource, St George Hits Thick Rare Earths Intercept, Janus Electric Lists in Frankfurt
The S&P/ASX Small Ordinaries declined slightly on Tuesday as junior stocks faced a subdued period. Despite the market dip, several small-cap mining companies reported significant developments that could attract investor attention. Alkane Resources upgraded its Storheden gold deposit with an indicated resource of 1.07 million tonnes at 2.51 g/t and inferred resources totaling 1.85 million tonnes at 2.11 g/t, reflecting improved geological understanding from recent drilling campaigns in Sweden. St George Mining reported a record-thick mineralized intercept of 207 meters at its Araxá project in Brazil, with high-grade rare earths and niobium near the surface—potentially advantageous for an open-pit operation. Janus Electric expanded its investor base by listing on the Frankfurt Stock Exchange.
Tickers: $ALKEF
Topics: drilling_results gold resource_upgrade