Small Cap Watch: Novo Resources Advances Tibooburra Gold Project; Quarterly Updates from Pantoro, Sovereign Metals, Titan Minerals
The S&P/ASX Small Ordinaries Index (XSO) rose slightly on Wednesday but remains down over the past five trading sessions. Several small-cap mining companies are reporting quarterly updates and advancing exploration projects. Novo Resources Corp is preparing a drilling program at its Tibooburra Gold Project in New South Wales, with plans to begin 2,700 metres of reverse circulation drilling later this quarter. Pantoro Gold Ltd reported strong production figures for the June quarter from its Norseman operation and outlined growth targets for FY2027. Sovereign Metals completed a definitive feasibility study for its Kasiya Critical Minerals Project in Malawi, projecting significant EBITDA and free cash flow over 25 years. Titan Minerals continued resource expansion drilling at its Dynasty Gold Project in Ecuador, with recent results identifying new drill targets.
Topics: exploration gold mining quarterly_results