Small-Cap Companies Advance Exploration, Development Programs
Despite the S&P/ASX Small Ordinaries Index falling over the past five trading sessions, small-cap companies in Australia have continued to make progress across various sectors. Ora Banda Mining expanded its gold mineralisation at Little Gem with strong drilling results and plans a maiden resource estimate by late 2026. Askari Metals advanced exploration programs for projects in Ethiopia and Namibia ahead of active fieldwork later this year. Altech Batteries secured an extension to meet German grant conditions, while Lindian Resources progressed construction and feasibility studies at its Malawi rare earths project. Noble Helium moved forward with drilling plans in Tanzania, aiming for a small-scale operation within 18 months. Percheron Therapeutics advanced clinical preparations for HMBD-002, expected to begin new trials by September.