Colitco Media

Gino D'Anna, Executive Director of Askari Metals (ASX: AS2), explains how the company's technical team has transformed decades of historical exploration data into a modern geological model, identifying high-priority drill targets across the 9km Guji Corridor at the Nejo Gold Project.

🎯 Smarter targeting

📍 High-confidence drill-ready prospects

⛏️ Better capital efficiency and a stronger foundation for discovery

📈 With the technical groundwork complete, Askari is advancing toward its next phase of drilling with greater confidence.

Prospect Resources has delivered new high-grade copper intersections outside the existing Mineral Resource Estimate (MRE) at the Mumbezhi Copper Project in Zambia, reinforcing the growth potential of its flagship Nyungu Central deposit.

🔎 Key Highlights

Standout intercept of 44.0m @ 0.60% Cu from 270m (NCDD026)

Additional intercept of 17.0m @ 0.57% Cu from 186m (NCDD024)

Both drill holes extend mineralisation beyond the current MRE, with the system remaining open to the southeast

13 Phase 3 diamond drill holes completed for 4,043m, with assays pending from six additional holes

A second drill rig has commenced exploration at Nyungu West, while a 6,000m infill drilling program is set to begin this month

Ongoing exploration at Nyungu West, Chipimpa, Kamafamba and Sharamba continues to build a pipeline of copper growth opportunities

📊 Market Snapshot

Share Price: $0.250 Market Cap: $224.83M

🚀 Investor Takeaway

The latest drilling continues to expand the Nyungu Central copper system beyond the current resource, highlighting significant growth potential. With multiple assay results pending, further drilling underway, and a resource expansion strategy in place, Prospect Resources remains well-positioned for sustained news flow and value creation.

Read More: https://colitco.com/prospect-resources-extends-nyungu-central-copper/

Redstone Resources has strengthened its exploration portfolio with the 330km² Saturn Project in Western Australia's West Musgrave Province, adding significant exposure to copper, nickel, cobalt and platinum group elements (PGEs) in one of Australia's premier critical minerals regions.

🔎 Key Highlights

Secured the 330km² Saturn Project within the highly prospective Giles Intrusive Complex

Project located adjacent to major discoveries including BHP's Nebo-Babel, Succoth and Terra Metals' Dante Project

Large 13km-wide Saturn magnetic anomaly shares geological similarities with the world-class Panton PGM Project

Historical drilling confirmed multiple high-priority prospects including Halleys, Halleys NW and Last Frontier

Halleys Prospect returned standout results including 58m @ 0.35% Cu, 0.08% Ni & 0.21g/t Pt+Pd+Au, including 15m @ 0.63% Cu

Halleys NW hosts an 11km-long PGE anomaly, highlighting significant district-scale exploration potential

Project complements Redstone's 100%-owned West Musgrave Project, located just 10km away, which hosts the Tollu Copper Deposit

Near-term focus includes access agreements, target prioritisation and advancing drilling across the broader West Musgrave portfolio

📊 Market Snapshot

Share Price: $0.004 Market Cap: $4.57M

🚀 Investor Takeaway

The Saturn Project significantly expands Redstone's footprint in one of Australia's most prospective copper-PGE provinces. Positioned alongside world-class deposits and supported by encouraging historical drilling, the Project adds multiple discovery opportunities while complementing the Company's flagship West Musgrave assets. With several exploration catalysts ahead, Redstone offers investors exposure to a diversified pipeline of copper and critical mineral opportunities.

Read More: https://colitco.com/redstone-saturn-project-west-musgrave-colitco/

⛏️ Why is Askari Metals' (ASX: AS2) Nejo Project one to watch?

In this exclusive Colitco News interview, Executive Director Gino D'Anna explains why the Nejo Gold-Copper Project stands out.

Key Highlights

📍 Located next to the 1.7Moz Tulu Kapi gold mine and along strike from the 3.4Moz Kurmuk gold deposit.

🌍 Positioned within the Arabian-Nubian Shield, one of the world's most prospective gold belts.

🎯 Multiple drill-ready targets supported by historical gold and copper mineralisation.

🚀 Upcoming drilling aims to validate historical results and unlock the project's full potential.

📊 Share Price: $0.010 | Market Cap: $8.74M

🎥 Watch the full interview.

Culpeo Minerals has commenced a TITAN DCIP Induced Polarisation (IP) survey across its Fortuna Project in Chile, marking another important step in refining high-priority copper-gold drill targets.

🔎 Key Highlights

⛏️ 24 line km TITAN DCIP survey across 10 survey lines

📍 Covering La Florida, El Quillay North, El Quillay South and Piedra Dura

🎯 Survey designed to identify sulphide-bearing mineralisation beneath known surface copper-gold zones

📊 Results will be integrated with geological mapping, trenching, geochemistry, magnetic surveys and drilling to prioritise future drill targets

🚀 Diamond drilling is already underway at El Quillay South, with initial assay results expected in early August 2026.

📈 Investor & Market Outlook

🔹 The IP survey enhances Culpeo's targeting process, improving the probability of identifying high-priority drill targets.

🔹 With drilling underway and multiple exploration programs progressing simultaneously, investors can expect a steady pipeline of news flow over the coming months.

🔹 Upcoming geophysical results, followed by drill assays, could serve as important catalysts as the Company advances its copper-gold portfolio in Chile's infrastructure-rich Coastal Cordillera.

📊 Share Price: $0.011 📈 Market Cap: $8.72M

📖 Read the full article - https://colitco.com/culpeo-minerals-launches-major-ip-survey-to-unlock-new-copper-gold-targets-at-chiles-fortuna-project/

🚨 Culpeo Minerals (ASX: CPO) – Entitlement Issue Launched to Fund Chilean Copper Drilling

Culpeo Minerals has launched a pro-rata non-renounceable entitlement issue, giving eligible shareholders the chance to increase their exposure as drilling ramps up across the Company's Chilean copper portfolio.

🔹 Offer Snapshot

Raising ~A$595,042 before costs

1 new unlisted option for every 4 shares held

Issue price: A$0.003 per option

Exercise price: A$0.0175, expiring 11 July 2028

Lead Manager: Euroz Hartleys

🔹 Where the Funds Go

Drilling at El Quillay Prospect

Drilling at Vista Montana

Preparations for Lana Corina, where earlier drilling intersected broad copper zones

📍 Investor Outlook

Drilling is already underway at El Quillay South. With Fortuna and Lana Corina forming a strong pipeline of high-priority targets in Chile's Coastal Cordillera, full exercise of the new options could deliver a further ~A$3.47 million to support exploration.

🎥 Watch the full update.

🎥 Carbonxt Limited (ASX: CG1) Unveils A$11M Recapitalisation to Drive Future Growth

Carbonxt Limited (ASX: CG1) has announced a significant recapitalisation initiative aimed at strengthening its balance sheet, reducing debt, and supporting the Company's next phase of growth.

The announcement outlines:

Potential cash injection of up to A$11 million

Net debt reduction of approximately A$5 million

Positive operating cash flow and EBITDA year-to-date

Gross margins exceeding 45%

Kentucky facility expected to increase group sales capacity by more than 200%

A simplified capital structure designed to support future expansion and long-term shareholder value.

🚨 Could Askari Metals (ASX: AS2) be approaching a pivotal exploration milestone?

In this exclusive Colitco News interview, Executive Director Gino D'Anna discusses why the company is entering a catalyst-rich phase, with its flagship Nejo Gold-Copper Project in Ethiopia moving closer to drilling.

🎙️ Key Investor Highlights

⛏️ Prime Geological Location

Positioned near the 3.4Moz Kurmuk and 1.7Moz Tulu Kapi gold deposits within the highly prospective Arabian-Nubian Shield.

🚀 Near-Term Catalyst

Final exploration approvals are expected shortly, clearing the way for a 5,000m maiden diamond drilling program.

🎯 Exploration Strategy

10 priority drill targets identified across the project, forming part of a broader 20,000m exploration campaign aimed at advancing towards a maiden mineral resource.

🔋 Critical Minerals Upside

The Uis Project in Namibia continues to progress, targeting tin, lithium, tantalum, rubidium and caesium, providing additional exposure to high-demand critical minerals.

👀 What Investors Should Watch

Final Ethiopian approvals

Commencement of drilling at Nejo

Initial drill results and resource growth potential

Ongoing exploration updates from the Uis Project

🎥 Watch the full interview to hear Gino D'Anna's insights into Askari Metals' exploration strategy, upcoming catalysts, and long-term growth ambitions.

📊 Share Price: $0.009 📈 Market Cap: $7.09M

Culpeo Minerals has launched a pro-rata non-renounceable entitlement issue, providing eligible shareholders with the opportunity to increase their exposure while strengthening the Company's funding position ahead of an active drilling campaign across its Chilean copper portfolio.

🔎 Key Highlights

• Raising approximately A$595,042 through a pro-rata non-renounceable entitlement issue • Eligible shareholders can subscribe for 4 new unlisted options for every 1 fully paid ordinary share held at an issue price of A$0.003 per option • Funds will support drilling at El Quillay South, Vista Montana, and broader exploration activities across the Company's Chilean copper projects • Drilling is already underway at El Quillay South, while negotiations are being finalised for the upcoming drilling programme at Lana Corina • Each new option has an exercise price of A$0.0175 and expires on 11 July 2028 • If all options are exercised before expiry, the Company could receive approximately A$3.47 million in additional funding • Euroz Hartleys Limited appointed as Lead Manager for the entitlement issue • Culpeo continues advancing a pipeline of high-priority copper targets across Chile's Coastal Cordillera

📊 Market Snapshot

Share Price: A$0.011 Market Cap: A$9.52M

🚀 Investor Takeaway

The entitlement issue strengthens Culpeo Minerals' funding position as exploration activity accelerates across its Chilean copper portfolio. With drilling already underway at El Quillay South and Lana Corina preparations progressing, the Company is well positioned to advance its high-priority copper targets while offering shareholders exposure to its next phase of exploration growth.

Read More: https://colitco.com/culpeo-minerals-launches-entitlement-issue-to-fund-copper-exploration-growth-in-chile/

The Araxá Project is rapidly emerging as one of the world's most significant rare earths and niobium projects

From record-breaking drill intercepts and a growing world-class resource to a A$60M capital raise accelerating development, Araxá continues to strengthen its investment case.

👉 Swipe through to discover:

Why Araxá stands out on a global scale • How the resource continues to expand

Recent drilling milestones and development progress

What's next as St George Mining advances the project through 2026

Two critical minerals. One 100%-owned project. A stronger balance sheet. A globally strategic asset in Brazil's premier carbonatite district.

📊 Market Snapshot

Share Price: $0.091 Market Cap: $426.56M

As the world races to secure reliable critical mineral supply chains, Araxá continues to grow in scale, de-risk development and build long-term value.

Prospect Resources continues to unlock the scale of its 90%-owned Mumbezhi Copper Project in Zambia, with Phase 3 drilling delivering encouraging visual mineralisation and multiple new copper targets advancing across the project.

🔎 Key Highlights

Phase 3 drilling progressing at Nyungu Central, with 10 diamond holes completed and two rigs currently operating

Visual copper sulphide mineralisation intersected outside the existing Mineral Resource, highlighting further growth potential (assays pending)

NCDD026 intersected approximately 40m of visually mineralised copper sulphides, around 140m east of the current Resource

Diamond drilling to commence at Nyungu West and Nyungu South over the coming month

West Mwombezhi aircore drilling identified two new copper corridors extending mineralisation by approximately 1km, creating high-priority drill targets

Chipimpa IP survey completed, with copper anomalies defined and maiden diamond drilling scheduled for Q3 2026

Initial drilling at Sharamba intersected a 20m mineralised copper zone, with assays pending and follow-up drilling underway

Scoping Study remains on track for Q4 2026 / Q1 2027, with Lycopodium assessing a 12Mtpa open-pit development

Current JORC Resource stands at 208.1Mt @ 0.42% Cu (0.49% CuEq) containing 877,100 tonnes of copper

📊 Market Snapshot

Share Price: A$0.290 Market Cap: A$249.57M

🚀 Investor Takeaway

Prospect Resources is simultaneously expanding its flagship resource while generating a pipeline of new discovery opportunities across Mumbezhi. With multiple drilling programs underway, steady assay newsflow expected and a Scoping Study approaching, PSC continues to strengthen its position as an emerging copper development story in the Central African Copperbelt.

Read More: https://colitco.com/prospect-mumbezhi-copper-drilling-colitco/

Carbonxt has secured strong backing from its two largest financial stakeholders through a strategic recapitalisation, strengthening its balance sheet as the Kentucky activated carbon facility moves towards commercial production.

🔎 Key Highlights

Secured A$3.5 million in immediate funding through convertible notes

Backed by major shareholders Phelbe Pty Ltd and Pure Asset Management

Senior debt set to reduce from A$15 million to approximately A$10 million, subject to shareholder approval

Kentucky facility approaching commercial production with an initial US$1 million revenue milestone targeted

Restructuring could deliver up to A$11 million in new cash and reduce debt by A$5 million

Early conversion incentive introduced to simplify the capital structure and strengthen the balance sheet

Kentucky expansion is expected to increase group sales capacity by more than 200%

Business continues to generate positive operating cash flow, positive EBITDA and gross margins above 45%

📊 Market Snapshot

Share Price: $0.068 Market Cap: $29.46M

🚀 Investor Takeaway

With a stronger balance sheet, supportive cornerstone investors and the Kentucky facility nearing commercial production, Carbonxt is entering a pivotal growth phase. The recapitalisation improves financial flexibility while positioning the Company to capitalise on rising demand for activated carbon solutions across environmental and industrial markets.

Read More: https://colitco.com/carbonxt-kentucky-growth-balance-sheet-colitco/

Culpeo Minerals has kicked off a new diamond drilling campaign at the El Quillay South Prospect within its Fortuna Project in Chile, targeting the strike and depth extensions of a highly prospective copper-gold mineralised fault corridor.

🔎 Key Highlights

Diamond drilling is now underway at the El Quillay South copper-gold prospect

Four-hole, 1,000m drilling program designed to test strike and depth extensions of mineralisation

Targeting a regionally significant fault zone with strong porphyry-style copper-gold potential

Historical surface sampling returned up to 1.33% copper and 2.4g/t gold

Located within the Fortuna Project, one of Culpeo's key exploration assets in Chile

Initial assay results expected in early August 2026

Successful drilling could unlock a significant new copper-gold discovery in one of the world's premier copper jurisdictions

📊 Market Snapshot

Share Price: $0.010 Market Cap: $7.14M

🚀 Investor Takeaway

With a market cap of just $7.14M, Culpeo offers investors exposure to a high-impact copper-gold exploration program in Chile. As drilling progresses and assays begin to flow in August, El Quillay South has the potential to become a key value catalyst within the Company's growing Fortuna Project portfolio.

Read More: https://colitco.com/culpeo-el-quillay-south-drilling-colitco/

The Araxá Project is de-risking at every step. Bigger intercepts. Deeper mineralisation. Stronger fundamentals. Well funded.

St George Mining has reported its thickest drill intercept to date at the 100%-owned Araxá Rare Earths & Niobium Project in Brazil, with 23 new drill holes confirming exceptional scale, grade and continuity of mineralisation from surface.

🔎 Key Highlights

AXDD120 delivered a record 199.5m @ 2.86% TREO & 0.44% Nb₂O₅ from surface

Included 60m @ 3.96% TREO & 0.52% Nb₂O₅ from surface

Included 15m @ 3.30% TREO & 0.97% Nb₂O₅ from 36m

Seven drill holes returned more than 150m of continuous mineralisation from surface

High-grade rare earths remain open at depth, with 1m @ 4.8% TREO at the end of AXDD120

Eight drill holes extended the mineralised footprint by up to 200m north, supporting further resource growth

Near-surface, flat-lying mineralisation continues to support large-scale open-pit mining potential

Strong niobium intersections reinforce Araxá's dual-commodity development opportunity

Resource upgrade expected this quarter, with East Araxá drilling set to drive further growth in Q4 2026

📊 Market Snapshot

Share Price: $0.098 Market Cap: $412M

🚀 Investor Takeaway

With the thickest intercept drilled to date, mineralisation remaining open at depth and a resource upgrade on the horizon, Araxá continues to strengthen its position as one of the Western world's most significant rare earths and niobium projects. Backed by a recent A$60M capital raise, St George Mining is well funded to accelerate drilling, resource growth and development studies.

Read More: https://colitco.com/st-george-mining-hits-199m-of-rare-earths-and-niobium/

🚨 199.5m From Surface. A$60M Secured. Is Araxá Entering Its Next Growth Phase?

St George Mining (ASX: SGQ) is making headlines with a historic 199.5m continuous high-grade rare earths and niobium intersection from surface—backed by a A$60 million capital raise to fast-track development.

🎥 Watch the video to discover what's driving momentum at the Araxá Project.

Share Price: A$0.096 | Market Cap: A$416.79M

🚰 America's PFAS Crackdown Is Creating a Multi-Billion Dollar Opportunity. Carbonxt (ASX: CG1) Is Already There.

As the US tightens regulations on PFAS "forever chemicals" and industrial emissions, demand for activated carbon is accelerating. Carbonxt is supplying the products that help utilities and industries remove contaminants from air and water, positioning the Company at the heart of a structural environmental growth story.

🔎 Why Investors Are Watching Carbonxt

Operates in a US activated carbon market already worth more than US$1 billion, with forecasts pointing to US$2 billion+ as PFAS regulations tighten.

Scaling production capacity to 43,500 tonnes annually by 2027 across three US manufacturing facilities.

Kentucky plant achieved 99% removal of PFOA during treatment trials, validating its technology for PFAS remediation.

Serves multiple end markets including power generation, cement, waste-to-energy, industrial processing and water treatment.

Proprietary non-brominated activated carbon delivers effective mercury removal while reducing equipment corrosion.

FY2025 revenue increased to A$16.2 million, demonstrating continued commercial traction.

Regulatory momentum continues to build, with 11+ US states implementing PFAS standards, creating long-term demand for Carbonxt's products.

📈 Why It Matters

Unlike many early-stage cleantech companies, Carbonxt already has commercial operations, established customers and growing revenue. As environmental regulations become stricter across the US, the Company is positioned to benefit from increasing demand for clean air and clean water solutions.

Askari Metals continues to strengthen its position in Ethiopia by advancing stakeholder engagement, operational readiness and exploration planning at its flagship Nejo Gold-Copper Project, while also outlining a clear funding strategy to maintain compliance and support future exploration. 🚀⛏️

🔎 Key Highlights

Strong engagement with local communities, regional authorities and Federal Government representatives

Positive support received for planned exploration and development activities at Nejo

Nejo Project spans 1,174km² within the highly prospective Arabian-Nubian Shield

Project surrounds the 1.7Moz Tulu Kapi Gold Mine and lies along strike from the 3.4Moz Kurmuk Mine

Exploration targeting both high-grade gold and copper mineralisation across more than 18km of interpreted strike

Drilling equipment secured in-country, with mobilisation planning well advanced

Proposed capital raise of up to A$750,000 to support ongoing exploration and working capital

Additional funding strategy announced to restore compliance with ASX Listing Rule 7.16

New governance controls implemented to ensure ongoing regulatory compliance and operational momentum

📊 Market Snapshot

Share Price: $0.007 Market Cap: $6.30M

🚀 Investor Takeaway

Askari is laying the groundwork for long-term growth in Ethiopia by combining strong government and community support with operational readiness and a clear funding pathway. With exploration activities advancing, drilling preparations underway and enhanced governance measures in place, AS2 is positioning itself for its next phase of value creation across its African gold, copper and critical minerals portfolio.

Read More: https://colitco.com/askari-nejo-gold-copper-project-colitco/