ASX Small Caps Rally Ahead of Diggers & Dealers Mining Forum
The S&P/ASX Small Ordinaries Index rose by 1.4% on Friday, driven largely by renewed investor interest in junior mining and exploration stocks ahead of the annual Diggers & Dealers Mining Forum starting August 3 in Kalgoorlie. The event is expected to attract over 2,600 delegates and provide a platform for corporate presentations and networking opportunities. Several small-cap mining companies reported key developments: FireFly Metals confirmed continuity at its Green Bay project with drilling results supporting an upcoming resource update; D3 Energy spudded the second well in South Africa as part of exploration efforts; Riversgold advanced environmental approvals, while Carnavale achieved high gold recovery rates. Additionally, Dalaroo raised $2.5 million to fund further work on its Bondoukou Project.
Topics: ASX index Diggers & Dealers mining sector small caps