Colitco Media

  Colitco brings you the Latest & Inspirational Start-UP Stories, Venture Capitalists, Angel Investors, Funding etc.  

[colitco]

Askari Metals (ASX: AS2) Advances Uis Project with High-Grade Critical Minerals Results

Askari Metals (ASX: AS2) continued to build momentum at its Uis Project in Namibia throughout May, delivering high-grade polymetallic results while expanding exploration across one of the region's most prospective critical minerals districts. 🚀⛏️

With trenching confirming strong mineralisation at the PS Pegmatite Target and field programs now underway at EPL 7626, AS2 is advancing on multiple fronts in its search for the next discovery.

🔎 Key Highlights

High-grade results returned from the PS Pegmatite Target

Strong mineralisation confirmed across tin, lithium, tantalum, rubidium & caesium

Peak results include: ⤷ 6,670ppm Tin ⤷ 0.49% Lithium Oxide ⤷ 465ppm Tantalum ⤷ 2,020ppm Rubidium ⤷ 134ppm Caesium

Phase 1 field program commenced at EPL 7626

Geological mapping, rock chip sampling & large-scale soil geochemistry program underway

Exploration designed to generate the next wave of drill-ready targets

Further trenching and RC drilling planned

📊 Market Snapshot

Share Price: $0.008 Market Cap: $6.17M

🚀 Investor Takeaway

For a company valued at just $6.17M, Askari is steadily unlocking the potential of the Uis Project across multiple critical minerals. With high-grade polymetallic results, active field programs and drilling on the horizon, AS2 offers investors exposure to a highly leveraged exploration story in a proven Namibian mining district.

⚠️ Disclaimer: This is not an investment advise, please do your own research for any investment decisions.

[colitco]

ATL Joins St George Mining to Accelerate Critical Minerals Growth 🚀⛏️

St George Mining (ASX: SGQ) welcomes ATL — a world leader in lithium-ion batteries — as a strategic shareholder, reinforcing its critical minerals ambitions and expanding exposure to the world-class Araxá Niobium-Rare Earths Project in Brazil.

Following a Lithium Star JV restructure, ATL will take a direct stake in SGQ while maintaining future lithium exposure.

🔎 Key Highlights

ATL investing at $0.16/share — a 36% premium to SGQ’s 30-day VWAP

Lithium Star to become a wholly owned SGQ subsidiary

ATL gains exposure to SGQ’s world-class Araxá Project

Future lithium offtake rights secured for ATL

Continued lithium exploration focus across Western Australia

Strategic partnership strengthens SGQ’s links with a major global battery leader

📊 Market Snapshot

Share Price: $0.120 Market Cap: $473.94M

🚀 Investor Takeaway

SGQ is strengthening its foothold across niobium, rare earths and lithium — commodities central to the global energy transition. With ATL joining the register, Araxá development momentum building in Brazil and lithium optionality retained in WA, SGQ is advancing a diversified critical minerals growth story.

Read More: https://colitco.com/st-george-mining-atl-shareholder-colitco/

⚠️ Disclaimer: This is not an investment advise, please do your own research for any investment decisions.

[colitco]

Prospect Resources Expands Mumbezhi Copper Resource with Phase 3 Drilling 🚀⛏️

Prospect Resources (ASX: PSC) is accelerating growth at its Mumbezhi Copper Project in Zambia, delivering a major resource upgrade while launching a large-scale Phase 3 drilling campaign.

With Mumbezhi now expanded to 208.1Mt @ 0.49% CuEq, Prospect is building a growing copper-gold-cobalt development story in the heart of the Zambian Copperbelt.

🔎 Key Highlights

Upgraded MRE grows to 208.1Mt @ 0.42% Cu / 0.49% CuEq

877,100t contained copper across a growing multi-deposit system

20% increase in tonnage & 14% increase in contained copper

Gold resource jumps 106% following extensive re-assays

Maiden West Mwombezhi resource added to the project footprint

Phase 3 drilling underway — ~26,000m program targeting growth & new discoveries

Multiple high-priority regional targets being tested across the broader Mumbezhi district

Metallurgical work progressing toward a planned scoping study

📊 Market Snapshot

Share Price: $0.320 Market Cap: $274.53M

🚀 Investor Takeaway

Prospect continues to scale up Mumbezhi into a potentially significant, district-scale copper opportunity with growing polymetallic upside. With resource growth, expanding gold credits, active drilling and strong exposure to the global copper thematic, PSC is positioning for sustained news flow through 2026.

Read More: https://colitco.com/prospect-resources-limited-accelerates-mumbezhi-growth/

⚠️ Disclaimer: This is not an investment advise, please do your own research for any investment decisions.

[colitco]

Askari Metals Begins Strategic Exploration Push for Battery & Critical Minerals 🚀⛏️

Askari Metals (ASX: AS2) kicks off a new exploration push at its Uis Project in Namibia, targeting the next wave of tin, tantalum and lithium discoveries.

With fieldwork now underway at EPL 7626, Askari is expanding exploration across a highly prospective licence positioned next to the operating Uis Tin Mine.

🔎 Key Highlights

Phase 1 field program now underway at EPL 7626

Strategic ground adjacent to Andrada’s operating Uis Tin Mine

Targeting tin, tantalum, rubidium, caesium & lithium mineralisation

Geological mapping, rock chip sampling & licence-wide soil surveys in progress

Remote sensing study identifies potential buried Sn-Ta pegmatite trends

4,258-sample soil program designed to uncover concealed targets

Rapid on-site analysis using Askari’s in-house LIBS technology

Follow-up trenching & drilling planned across priority zones

📊 Market Snapshot

Share Price: $0.009 Market Cap: $6.94M

🚀 Investor Takeaway

For a sub-$7M explorer, Askari is building multiple shots on goal across one of Namibia’s most prospective pegmatite belts. With exploration accelerating at Uis and drilling pathways emerging, AS2 is chasing exposure to several critical minerals powering the energy transition.

Read More: https://colitco.com/askari-phase-1-exploration-uis-project-colitco/

⚠️ Disclaimer: This is not an investment advise, please do your own research for any investment decisions.

[colitco]

Auric Mining (ASX: AWJ) Reports 32% Increase in Munda Gold Deposit Mineral Resource Despite Mining Depletion🚀⛏️

Auric Mining (ASX: AWJ) has delivered a major upgrade at the Munda Gold Deposit, with the Mineral Resource increasing by 32% despite recent mining depletion.

The updated Munda resource now stands at 4.20Mt @ 1.43g/t Au for 192,000oz gold, highlighting the strength of the deposit and supporting future growth plans.

🔎 Key Highlights

Munda Mineral Resource increased 32% after depletion from recent mining

Updated resource: 4.20Mt @ 1.43g/t Au for 192,000oz Au

Combined resource + stockpiles: 4.26Mt @ 1.42g/t Au for 194,000oz Au

Deposit remains open along strike and at depth

Starter Pit delivered 8,886oz gold, 46% above budget expectations

Further ~2,900oz stockpiled for future processing

High-grade drilling supported the re-estimation, including: ⤷ 14m @ 115.67g/t Au ⤷ 10m @ 40.31g/t Au ⤷ 6m @ 66.44g/t Au

Scoping Study underway for integrated Munda + Burbanks Processing Plant development

📊 Market Snapshot

Share Price: $0.300 Market Cap: $55.19M

🌍 Why It Matters

Resource growth alongside stronger-than-expected production outcomes can significantly enhance project confidence and long-term development potential. With Munda outperforming expectations and remaining open for expansion, Auric continues progressing toward its goal of becoming a more integrated WA gold producer.

Visit: https://colitco.com/auric-mining-expands-munda-gold-resource/

⚠️ Disclaimer: This is not an investment advise, please do your own research for any investment decisions.

[colitco]

Auric Mining (ASX: AWJ) Appoints Gareth Solly as CEO to Drive WA Gold Producer Growth

Auric Mining (ASX: AWJ) has officially welcomed Gareth Solly as chief executive officer and executive director, marking a major step in the company's transition toward becoming a fully integrated WA gold producer.

Solly brings more than 20 years of gold industry experience and was previously the founding Managing Director of Black Cat Syndicate (ASX: BC8), where he helped grow the company from a ~$6M explorer into a multi-asset ~100,000oz gold producer with a 2.5Moz resource base.

🔎 Key Highlights

Gareth Solly commences as CEO & Executive Director

Formal transition to Managing Director planned before December 2026

Focus areas include Burbanks gold plant rebuild and Munda restart

Extensive mine-to-mill operational and capital markets experience

Played key role in refurbishment of Paulsens & Lakewood operations

Auric targeting growth into a fully integrated WA mining house

📊 Market Snapshot

Share Price: $0.315 Market Cap: $59.86M

🌍 Why It Matters

Operational leadership with proven mine development experience can be a major differentiator for emerging gold producers. Auric’s focus is now shifting beyond exploration toward production growth, infrastructure ownership, and long-term scalability in Western Australia’s Goldfields.

Read More: https://colitco.com/gareth-solly-takes-the-helm-as-ceo-auric-mining/

⚠️ Disclaimer: This is not an investment advise, please do your own research for any investment decisions.

[colitco]

Carbonxt’s Push Into America’s Fast-Growing Water Treatment Market

The US has a water contamination problem most people still underestimate.

PFAS “forever chemicals” have been detected in drinking water across all 50 states, impacting millions of Americans.

Now regulators are forcing action. 🧵

PFAS are known as “forever chemicals” because they barely break down naturally.

Studies have linked long-term exposure to:

Cancer

Liver damage

Hormonal disruption

Immune system impacts

In 2024, the EPA introduced its first national PFAS drinking water standards.

One of the key treatment technologies being adopted?

Activated carbon.

It is widely used to remove harmful PFAS compounds from contaminated water systems.

The activated carbon market is growing rapidly.

Global market: ~US$5.6B today Projected to reach ~US$11.9B by 2034

At the same time, the US is pushing for more domestic supply as demand accelerates.

Carbonxt (ASX: CG1) already operates activated carbon facilities in the US.

Its Kentucky facility is designed to target the liquid-phase water treatment market, including PFAS filtration.

The company says the plant could increase group sales by ~200%.

What makes the story interesting is that growth isn’t starting from zero.

Existing customer contracts already in place

Revenue growth continuing

Gross margins improved from 38% to 52% in one year

Kentucky expected to become the next major growth driver

As PFAS regulation expands, demand for activated carbon solutions could continue rising across the US water sector.

Visit our website https://colitco.com for more updates on ASX stocks, emerging industries, and market trends.

[colitco]

Auric Mining (ASX: AWJ) invested $1.2M into the Jeffreys Find Gold Mine JV in Western Australia

In junior gold mining, drill hits and resource growth usually get the attention. But one metric matters just as much: capital efficiency.

Auric Mining (ASX: AWJ) invested $1.2M into the Jeffreys Find Gold Mine JV in Western Australia.

Final outcome:

◦ 29,537oz gold produced ◦ ~$112M in total gold sales ◦ ~$16.5M returned to Auric ◦ No major shareholder dilution along the way

That is what disciplined mine development can look like in the junior gold sector.

Jeffreys Find has now wrapped up, and Auric is moving forward with the Munda Gold Mine and Burbanks processing strategy, backed by ~$46M in cash and receivables.

In a rising gold price environment, self-funded growth and operational execution are becoming increasingly important differentiators.

📊 Market Snapshot

Share Price: $0.335 Market Cap: $61.74M

⚠️ Disclaimer: This is not an investment advise, please do your own research for any investment decisions.

[colitco]

Resolution Minerals (ASX: RML) continues to build momentum across its Idaho critical minerals strategy 🇺🇸🚀

Major milestones are positioning RML as an emerging US-focused antimony, tungsten, and gold player with a growing end-to-end development pathway.

🔎 Key Highlights

Phase 2 drilling underway with up to 45 holes planned

Best intercept to date: 189.2m @ 1.30 g/t Au

A$20M placement secured to accelerate growth initiatives

FAST-41 status granted by the White House

Processing mill acquired to strengthen integrated development strategy

Tungsten stockpiles confirmed with metallurgical upside

Maiden Mineral Resource Estimate targeted for Q1 2027

Dual ASX + NASDAQ listing strategy progressing

Strategic focus on supporting US defence & domestic supply chains

🌎 Why It Matters

Antimony and tungsten are classified as critical minerals by the United States due to their importance in defence systems, ammunition, aerospace, semiconductors, energy infrastructure, and advanced manufacturing.

With global supply chains tightening and Western nations pushing for domestic supply security, projects like Horse Heaven are becoming increasingly strategically important.

📊 Market Snapshot

Share Price: $0.064 Market Cap: $145.06M

🚀 Investor Takeaway

With drilling, permitting, metallurgy, infrastructure, and funding all advancing simultaneously, RML is rapidly positioning Horse Heaven as a strategically important US critical minerals project with multiple near-term catalysts ahead.

⚠️ Disclaimer: This is not an investment advise, please do your own research for any investment decisions.

[colitco]

Carbonxt Group (ASX: CG1) continues to strengthen its position in the growing cleantech and activated carbon market 🌎🚀

With its Kentucky facility nearing commercial production and exposure to the rapidly expanding PFAS treatment market, CG1 is building momentum across both operational growth and environmental solutions.

🔎 Key Highlights

Kentucky facility progressing toward commercial production

Potential to increase sales capacity by nearly 200%

Ownership stake increased, targeting 50% ownership

FY26 half-year revenue up 15.7%

FY25 annual revenue increased 71%

Positive EBITDA maintained across reporting periods

Entering high-growth PFAS water treatment sector

Share price increased 57.45% YoY

🌎 Why It Matters

Activated carbon plays a critical role in air purification, PFAS filtration, wastewater treatment, and industrial emissions control.

As environmental regulations tighten globally — particularly around PFAS “forever chemicals” in the US — demand for advanced activated carbon solutions is expected to grow significantly, positioning Carbonxt within a major long-term industry trend.

📊 Market Snapshot

Share Price: $0.074 Market Cap: $32.49M

🚀 Investor Takeaway

With commercial expansion, improving profitability, rising environmental demand, and increasing exposure to PFAS treatment markets, Carbonxt is positioning itself as an emerging cleantech growth story in the US activated carbon sector.

⚠️ Disclaimer: This is not an investment advise, please do your own research for any investment decisions.

[colitco]

Auric Mining (ASX: AWJ) Delivers Record Quarter – Munda Crushes Expectations 🚀⛏️

Auric has delivered its strongest quarter ever, with the Munda Starter Pit producing 8,886oz gold — 46% above budget, reinforcing its transition into a high-margin gold producer.

🔎 Key Highlights

8,886oz gold produced — major outperformance vs 6,100oz budget

Head grade surged to 3.18g/t vs 1.80g/t planned

Strong recovery of 88.67%

Gold sold at A$7,178/oz average

$46M cash + receivables, zero debt, fully unhedged

💡 Why It Matters

Auric is building serious momentum — strong production, rising gold prices, and a clear pathway to full vertical integration via Burbanks Mill.

📊 Market Snapshot

Share Price: $0.132 Market Cap: $510.91M

📈 Big Picture

With high margins, no debt, and multiple growth catalysts (Munda Main Pit + Burbanks restart), Auric is positioning for a potential re-rating as an integrated gold producer.

👉 Read more: https://colitco.com/auric-mining-munda-output-46pct-above-budget-colitco/

⚠️ Disclaimer: This is not an investment advise, please do your own research for any investment decisions.

[colitco]

Carbonxt (ASX: CG1) Nears Growth Inflection – Kentucky Plant Set to Transform Scale 🚀♻️

Carbonxt is positioning for a major growth phase, with its Kentucky facility nearing start-up, new pellet orders emerging, and strong regulatory tailwinds driving long-term demand.

🔎 Key Highlights

$3.3M receipts with temporary slowdown now recovering

Ownership interest in New Carbon Processing, LLC, increased from 47.4% to 48.1%

New ACP purchase order opens fresh market segment

Transition to 24-hour production to boost pellet volumes

Kentucky plant set to deliver ~200% increase in group sales

💡 Why It Matters

With EPA PFAS regulations tightening and demand for water treatment solutions rising, Carbonxt is strategically positioned as a domestic U.S. supplier of activated carbon.

📊 Market Snapshot

Share Price: $0.083 Market Cap: ~$36 Million

📈 Big Picture

Short-term headwinds, long-term upside — as Kentucky comes online and new contracts ramp up, Carbonxt is moving toward a scalable cleantech growth story.

👉 Read more: https://colitco.com/carbonxt-march-26-quarterly-update-the-company/

⚠️ Disclaimer: This is not an investment advice, please do your own research for any investment decisions.

[colitco]

Resolution Minerals (ASX: RML) Launches Massive 13,700m Drill Campaign at Golden Gate 🚀⛏️

Resolution Minerals Ltd is ramping up exploration in a big way — deploying two drill rigs for its largest-ever campaign at the Horse Heaven Project in Idaho, targeting both gold and critical mineral tungsten.

🔎 Key Highlights

13,700m Phase 2 drill program across ~45 holes

Two diamond core rigs mobilised — drilling starts imminently

Phase 1 delivered 100% gold hit rate across all holes

Targeting expansion at Golden Gate North + new discovery at South

Tungsten upside adds exposure to critical minerals demand

💡 Why It Matters

With mineralisation still open in all directions and a second discovery emerging, this program is all about scale definition — and building toward a maiden resource estimate.

📊 Market Snapshot

Share Price: A$0.066 Market Cap: A$144.72M

📈 Big Picture

Positioned next to a multi-billion-dollar gold project and backed by strong gold + tungsten demand, Resolution is entering a high-impact drilling phase that could reshape its valuation trajectory.

👉 Read more: https://colitco.com/resolution-minerals-launches-largest-drill-program/

⚠️ Disclaimer: This is not an investment advise, please do your own research for any investment decisions.

[colitco]

🎥 Watch how St George Mining (ASX: SGQ) is positioning Araxá as a Tier-1 global rare earths & niobium project

Get the latest investor update from Executive Chairman John Prineas as the Company outlines major milestones, rapid resource growth, and a clear pathway to development.

🌎 Araxá (Brazil) is fast emerging as a world-class critical minerals asset with scale, grade, and strong strategic positioning.

🔎 Key Highlights:

Resource expanded to ~70.9Mt @ 4.06% TREO

Niobium resource growing to ~95Mt

Comparable to global leaders like Mountain Pass & Mt Weld

Surface, free-dig mineralisation = low-cost, fast-track potential

Strong institutional backing + global investor interest

Strategic partnerships across US, Europe & Brazil

Positioned to benefit from demand in AI, defence & energy transition

💡 With multiple catalysts ahead — including metallurgy, economic studies, and offtake discussions — SGQ is building momentum toward a potential re-rating.

📊 Market Snapshot:

Price: $0.120 Market Cap: $491.26M

⚠️ Disclaimer: This is not an investment advise, please do your own research for any investment decisions.

[colitco]

Resolution Minerals (ASX: RML) Unlocks High-Grade Tungsten Potential ⚡️

A major step forward at Horse Heaven — Resolution Minerals has successfully produced 52.3% WO₃ tungsten concentrate from historical stockpiles, showcasing a clear pathway to near-term value.

🔍 Key Highlights

19x upgrade from ~1.85% WO₃ stockpile grades

Up to 75.5% recovery via simple gravity processing

Low-cost opportunity leveraging existing stockpiles at Johnson Creek

Further optimisation test work underway

13,700m drilling campaign kicking off at Golden Gate

💡 Big Picture Early-stage processing + strong recoveries = potential fast-track monetisation, while building a multi-commodity U.S. critical minerals platform.

📊 Market Snapshot

Share Price: $0.072 Market Cap: $146.81M

📖 Read more: https://colitco.com/resolution-minerals-produces-high-grade-tungsten-2904202625/

⚠️ Disclaimer: This is not an investment advise, please do your own research for any investment decisions.

[colitco]

Auric Mining (ASX: AWJ) Delivers Record Quarter – Munda Crushes Expectations 🚀⛏️

Auric has delivered its strongest quarter ever, with the Munda Starter Pit producing 8,886oz gold — 46% above budget, reinforcing its transition into a high-margin gold producer.

🔎 Key Highlights

8,886oz gold produced — major outperformance vs 6,100oz budget

Head grade surged to 3.18g/t vs 1.80g/t planned

Strong recovery of 88.67%

Gold sold at A$7,178/oz average

$46M cash + receivables, zero debt, fully unhedged

💡 Why It Matters

Auric is building serious momentum — strong production, rising gold prices, and a clear pathway to full vertical integration via Burbanks Mill.

📊 Market Snapshot

Share Price: $0.335 Market Cap: $62.68M

📈 Big Picture

With high margins, no debt, and multiple growth catalysts (Munda Main Pit + Burbanks restart), Auric is positioning for a potential re-rating as an integrated gold producer.

👉 Read more: https://investorhub.auricmining.com.au/announcements/7512531

⚠️ Disclaimer: This is not an investment advise, please do your own research for any investment decisions.

[colitco]

St George Mining (ASX: SGQ) Quarterly Update: Araxá Project Continues to Scale 🚀

St George Mining has released its latest quarterly update, showcasing strong momentum at its flagship Araxá Rare Earths–Niobium Project in Brazil—reinforcing its position in the global critical minerals space.

🔎 Quarterly Highlights

75% increase in Mineral Resource to 70.91Mt @ 4.06% TREO & 0.62% Nb₂O₅

Confirms Araxá as one of the largest & highest-grade deposits globally

High-grade mineralisation from surface, supporting low-cost open-pit potential

Ongoing drilling continues to expand scale, including standout 178.7m intercept

Strategic downstream partnerships advancing across key global markets

Government support secured, including development incentives

Strong cash position of ~$43M to support continued exploration & development

📊 Market Snapshot

Share Price: $0.132 Market Cap: $510.91M

🚀 Investor Takeaway

With scale, grade, and strategic positioning aligning, SGQ is advancing Araxá as a globally significant rare earths & niobium project—well placed to benefit from rising demand across EVs, AI, and defence sectors.

🔗 Read more: https://colitco.com/st-george-mining-surges-ahead-as-araxa-emerges/

⚠️ Disclaimer: This is not an investment advise, please do your own research for any investment decisions.