Red Mountain Mining Limited (“RMX” or the “Company”) is pleased to report that Highly Anomalous Antimony soil assays have been confirmed at Oaky Creek, part of RMX’s 100% owned Armidale Antimony-Gold Project. A newly defined south-east trend away from the Oaky Creek North pits has been revealed, additionally a new area near Oaky Creek South has opened where up to 333pm Sb in soil has been discovered. The distribution of Antimony in the soils suggests a network across Oaky Creek, of multiple veins existing over 2.3km along the Namoi Fault and up to 400m from the fault. The supporting rock chip assays are pending and expected to be received by the end of June.

HIGHLIGHTS

• Highly Anomalous Antimony-in-Soil results reveal new target zones beyond known source areas at both Oaky Creek North and Oaky Creek South
• Two New Highly Anomalous areas defined, with assays up to 333ppm Sb in soil
• New Northern Antimony area is potentially a strike extension of Oaky Creek North, ~1km south-east away from the historic pits
• A newly defined Antimony soil trend north of Oaky Creek South also confirms a previously undiscovered trend
• High Gold-in-soil assay result lies in the New Northern Antimony area
• Rock Chip assay results are anticipated to be received by the end of June

Red Mountain Widens Antimony Mineralisation at Oaky Creek

Red Mountain is pleased to report that it has discovered a new anomalous antimony target zone, which includes a spot high of 333ppm Sb and located 400m to the north of the Oaky Creek South pits. This new area represents a possible ENE strike similar to the trend at Oaky Creek South.

At Oaky Creek North distribution of antimony suggests a south easterly extension of around 1km with a strong response towards the end of the extension. The area in between is cropped and cultivation may have subdued the surface geochemical response. Local reports indicate historical pits were infilled, and displaced rock piles contained visible stibnite, identified by the onsite geologist (ASX Announcement 30 May 2025).

Antimony-in-soil anomalies also validate the mineralisation at both the historic Oaky Creek North and Oaky Creek South pits, where coarse stibnite was previously extracted by hand from the shafts/pits (Figure 1).

Red Mountain analysed the soils for gold in the Aqua regia multielement suite, although not as sensitive as a Fire Assay technique, encouragingly gold was reported in several areas (refer to Figure 2 for the Gold Heat map). The high gold-in-soil sample lies on strike to the north of the 99ppm Sb soil sample on the Oaky Creek North trend. At Oaky Creek South, gold-in-soil was located just west of the old workings.

Click here for the full ASX Release

DY6 Metals Ltd (ASX: DY6, “DY6” or “Company”) is pleased to announce the initial results from the reconnaissance exploration program at the Central Rutile Project, Cameroon. Desktop studies incorporating detailed geological mapping, geophysics, and known mineral occurrences, were used to define initial, high priority targets for ground-truthing. The reconnaissance programme, which consisted of auger sampling, road-cutting channel sampling, soil sampling and stream sediment sampling, was successful in identifying heavy mineral (HM) and natural rutile mineralisation across all five tenements that make up the Central Rutile project. Rutile nuggets, ranging in size from 1mm+ to 2cm+, were observed in alluvial and eluvial (residual) sources. Samples collected from the initial exploration programme are currently being prepped for dispatch to the Company’s laboratory for analysis in South Africa, with results expected in August 2025.

HIGHLIGHTS

• Reconnaissance auger and grab sampling programme nearing completion at the Central Rutile Project, with a detailed soil sampling programme to commence shortly
• Soil sampling programme will be used to rapidly identify areas of higher grade HM and rutile mineralisation, which will be followed up on with a large auger drilling campaign in the September quarter
• Reconnaissance sampling undertaken across the 5 Central Rutile Project tenements has identified visible natural rutile from both alluvial and eluvial (residual) sources
• The identification of rutile across the entire tenement package is highly encouraging and reaffirms the Company’s belief that the region is an emerging, globally significant rutile province
• Samples collected from the reconnaissance program are due to be submitted for laboratory analysis in the coming weeks, with results expected in the September quarter
• The Company’s reconnaissance program at the Douala Basin HMS Project is ongoing, with initial results expected in the coming weeks

Non-executive Chairman, Dan Smith, commented:

“The in-country team has done a great job of mobilising to site so quickly. We are pleased with the initial results from the reconnaissance program at the Central Rutile project and the confirmation of widespread, natural rutile across the licences from both residual and alluvial sources. I look forward to the receipt of the assays in the coming months, as well as results from the ongoing exploration at the Douala Basin project.”

Technical Consultant, Cliff Fitzhenry, commented:

“The Central Rutile project covers a large (2,140km2) area, so this initial reconnaissance programme has only just scratched the surface of the potential for this area. We always knew the licences were in the right address, having the correct underlying geology, deep in-situ weathering profile, and known, historic rutile occurrences. The solid work of the in-country team, in conjunction with our Senior Exploration Geologist, Troth Saindi, is already paying dividends. Having achieved our initial goals, exploration at the Central Rutile project will shift from reconnaissance in nature to that of a detailed soil sampling programme. This will allow us to achieve greater coverage over the tenement package and will help to rapidly define zones of higher grade heavy mineral occurrences, which will be followed up with a large-scale auger sampling programme.

I am excited to get on the ground as soon as possible to help drive the exploration work as the project story unfolds.”

Reconnaissance exploration at the Central Rutile Project

As announced on 5 June 2025, the Company has commenced reconnaissance auger and grab sampling programmes at the Central Rutile and Douala Basin HMS projects, Cameroon. To date, at the Central Rutile Project the Company has completed 3 auger drill holes (refer Figure 1), collecting 10 samples in the process, as well as collected 42 channel samples from 7 road cutting exposures, 1 surface grab sample and 2 stream sediment samples for analysis (refer Tables 1-4).

Click here for the full ASX Release

Shares of Hochschild Mining (LSE:HOC,OTCQX:HCHDF) plummeted more than 20 percent on Tuesday (June 10) after the company announced a six week shutdown of the processing plant at its Mara Rosa gold mine in Brazil.

In a statement, the miner blamed the issue on a combination of “heavier-than-usual seasonal rainfall” and ongoing contractor issues that have hampered access to ore, especially higher-grade material, since early this year.

The company’s initial 2025 guidance for Mara Rosa was 94,000 to 104,000 ounces; however, only about 25,000 ounces had been produced by the end of May — a shortfall that has forced a downward revision in full-year guidance.

“This will have a corresponding impact on the operation’s costs,” Hochschild acknowledged in a market update, noting that revised production forecasts and group-wide guidance will be issued “in due course.”

The British firm’s share price plunged as much as 22 percent on Tuesday. After starting the day’s trading at 269 pence, shares registered their steepest intraday decline since November 2021, falling to 232 pence.

The operational woes come less than two weeks after the sudden resignation of Hochschild’s chief operating officer, adding to investor concerns. CEO Eduardo Landin has stepped in to assume direct oversight of operations and is leading a “comprehensive review of all mining, processing, and disposal activities” at Mara Rosa.

As part of this effort, the company said the six week suspension of the processing plant will be used to carry out general maintenance and critical mechanical filter repairs. Mining activities will continue as planned.

“The wide-ranging measures we are taking at Mara Rosa are focused on achieving a sustainable level of operational performance,” Landin said in the company’s Tuesday press release. “We remain confident in the geological potential of the asset and in Brazil’s role as a key pillar of our long-term growth strategy.”

Located in the Central Brazilian state of Goiás, Mara Rosa entered commercial production in early 2024 and was seen as a cornerstone of Hochschild’s diversification beyond its legacy Andean assets. The mine’s early performance has been closely watched as an indicator of the company’s future expansion strategy outside Peru and Argentina.

However, this year’s extreme weather has compounded earlier issues, particularly delays in mine waste removal from 2024, while complications with filtration technology have further limited throughput.

The extended wet season in Brazil, which has disrupted not only mining, but also transportation and supply chains across central states, has left several companies reeling.

Analysts have been quick to adjust their outlooks. Peel Hunt has downgraded its production forecast for Mara Rosa to 60,000 ounces of gold for the year, down from its prior estimate of 84,000 ounces.

“We hope that the end result (after shutdown) is a more flexible pit, aligned to a debottlenecked plant, allowing more stable throughput and more reliable output,” the firm said in a note to clients.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Rapid Critical Metals Limited (‘Rapid’ or ‘Company’) is pleased to announce that is increasing its land holding adjacent to the high-grade Webbs Silver Project 1 ,2 (Webbs Project or Project) with Exploration Licence Application 6911, an exciting land package to complement its new silver acquisitions.

HIGHLIGHTS

• Increase in Rapid’s land holdings by 26 x adjacent to the high grade Webbs Project, when granted;
• Secures the silver corridor between Rapid and ASX-listed Lode Resources;
• Maximising Rapid’s opportunity to find blind parallel lodes to increase the Webbs resource;2,3
• ELA 6911 covers over 20km of the highly prospective4 Mole River Granite and its immediate periphery; and
• Micro Gravity commencing in mid-June 2025 on the southern end of the Webbs’ deposit to define the ore body signature to help interpret further blind parallel structures and identify further targets for new discoveries.

Commenting on the acquisition of this large new land holding, Rapid Critical Metals’ Managing Director, Martin Holland, said:

“It’s exciting to see the new proposed managing director, Byron Miles, adding value to Rapid even before the transaction has completed. This new land holding fits perfectly with our priorities of expanding the JORC resources of Webbs and finding new discoveries in the district”.

Click here for the full ASX Release

Radiopharm Theranostics (RAD:AU) has announced RAD Granted US FDA Fast Track for RAD101 Metastases Imaging

Download the PDF here.

Chris Blasi, president of Neptune Global, believes gold still has much more room to run.

‘Some people think gold has reached its peak because it’s breached US$3,000 (per ounce), but I don’t think we’re even close,’ he said. ‘The third leg is when it delivers the greatest returns.’

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

As global automakers brace for fallout from China’s tightening grip on rare earths exports, Hyundai Motor (KRX:005380,OTC Pink:HYMTF) appears to have quietly positioned itself ahead of the curve.

According to Reuters, a source familiar with the matter said on a recent investor call that the auto giant has stockpiled enough rare earth materials to maintain uninterrupted electric and hybrid vehicle production for about a year. The strategic stockpile should buy Hyundai critical time as supply chains buckle under mounting geopolitical tension.

China’s April decision to restrict exports of seven rare earths — a move requiring producers to obtain government licenses — has sent shockwaves through the auto, aerospace and semiconductor industries, particularly in the west.

But Hyundai, the world’s third largest automaker alongside affiliate Kia (KRX:000270), reportedly boosted its reserves during a brief window of relaxed Chinese controls, as per the source quoted by Reuters.

The Hyundai investor relations official reportedly told call participants that the company has “far more wiggle room” than rivals, citing successful procurement diversification and proactive inventory buildup.

Hyundai declined to confirm on inventory specifics in a public statement, but told Reuters, “We continuously evaluate market conditions to ensure operational stability and maintain a diversified global supply chain.”

Hyundai’s preparedness stands in contrast to the scramble now engulfing US and European manufacturers. Several major European suppliers have already reported production disruptions linked to delayed rare earths deliveries.

“We’re gradually coming into a very, very critical moment whereby those stocks are now being exhausted,” said Jonathan O’Riordan, international trade director at the European Automobile Manufacturers’ Association, in a Monday (June 9) interview with CNBC. “We are potentially going to see production stoppages.”

The rare earths crunch has become a central issue in US-China trade negotiations, which resumed on Monday in London and were set to continue Tuesday (June 10) morning, with Washington pushing for firmer guarantees.

Delegations led by Chinese Vice Premier He Lifeng and US officials — including Secretary of Commerce Howard Lutnick, Secretary of the Treasury Scott Bessent and Trade Representative Jamieson Greer — convened at Lancaster House in a bid to stabilize relations that have deteriorated beyond tariffs into critical minerals and tech controls.

The talks follow a May 12 truce that paused most of the 100-percent-plus tariffs both countries had imposed. However, since then, the US has accused China of “slow-walking” commitments, particularly regarding rare earths shipments.

US President Donald Trump, who last week spoke directly with Chinese President Xi Jinping, appeared optimistic on Monday, telling reporters at the White House, “We’re doing well with China. China’s not easy.”

He added, “We’re going to see,” when asked about lifting rare earths restrictions.

Kevin Hassett, Trump’s economic advisor, said the US is seeking a “handshake” agreement on resumed rare earths shipments, signaling that the mineral supply chain has now taken center stage in the global trade war.

For its part, China over the weekend appeared to open a narrow diplomatic path, announcing a “green channel” to fast track rare earths export licenses to select European Union firms. The country’s Ministry of Commerce also confirmed that it has quietly granted licenses to Chinese suppliers servicing major US automakers.

It remains unclear whether Hyundai’s buffer includes inventory held by its suppliers, or how the company may choose to ration usage in the event of further disruptions. Nonetheless, the South Korean firm’s ability to maintain stable production offers temporary reassurance for a jittery global auto market.

As trade talks continue in London, the question isn’t whether China will remain central to rare earths — it’s whether any other nations can afford to remain dependent.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

News Provided by Newsfile via QuoteMedia

News Provided by Canada Newswire via QuoteMedia

Investor Relations/information Mr. Killian Charles, President and CEO (info@brwexplo.ca)

News Provided by GlobeNewswire via QuoteMedia