The Pick

The Fifth Edition of The Pick weekly newsletter is now live – covering some of the most important moves in ASX mining and exploration this week.

Featured companies include:
- Lunnon Metals – ore purchase deal with Gold Fields fast-tracks Lady Herial toward production.
- Perseus Mining – green light for Côte d’Ivoire’s first underground gold mine at Yaouré.
- Barton Gold – 18,000m drill campaign to fast-track Tunkillia starter pits.
- ABx Group – delivers outstanding heavy rare earth extractions from large-scale tests.
- Estrella Resources – drills deeper into manganese at Ira Miri in Timor-Leste.

From near-term production milestones to breakthrough technical results, this edition captures the breadth of opportunity across gold, rare earths and manganese.

Read the full newsletter 👇

The Pick – ASX Mining & Exploration Power Moves Welcome to the fifth edition of The Pick, your weekly snapshot of the most important moves across the ASX mining and exploration space. This week we cover new ore agreements, first-of-their-kind approvals, large-scale drilling campaigns and breakthrough extraction results across gold, manganese and

The global economy may be edging back to stability, but the investment road ahead remains riddled with potholes, according to Canaccord Genuity’s Chief Investment Strategist, Tony Brennan. Delivering the keynote address at the RIU Explorers Conference in Fremantle, Brennan dissected the forces shaping capital markets, commodity prices, and investor sentiment in 2025.

Canaccord’s Brennan: Global Markets on a Knife-Edge Canaccord's Tony Brennan warns of emerging risks in global markets despite easing inflation, highlighting US policy shifts, equity valuations, and commodity market volatility in 2025.

Kalgoorlie Gold Mining Limited (ASX: KAL), or KalGold, has hit the jackpot with its latest discovery at the Pinjin Gold Project in Western Australia's Eastern Goldfields. The newly named 'Lighthorse' gold discovery has delivered thick, high-grade intercepts, marking a major step forward in the company's exploration efforts.

Drill results from Lighthorse have returned impressive intercepts, with standout figures including 17 metres at 4.81 grams per tonne (g/t) gold from 48 metres, which includes a richer zone of 8 metres at 9.21 g/t from 52 metres in hole KGAC24152. This hole ended in mineralisation, suggesting there could be even more gold waiting at greater depths. Another strong result came from hole KGAC24153, which revealed 4 metres at 4.72 g/t gold from 52 metres, also ending in mineralisation. These figures build on earlier promising numbers, such as 8 metres at 2.29 g/t gold from 60 metres in hole KGAC24045.

This is no run-of-the-mill gold find. Lighthorse is a greenfields discovery, meaning KalGold has unearthed something entirely new rather than simply extending an existing deposit. The mineralisation extends over a 600-metre strike running parallel to the Laverton Tectonic Zone and features a 200-metre-wide primary gold target that remains open down dip. Additionally, crosscutting mineralised structures extend over 800 metres and are still open to the northeast.

KalGold Pinjin Resource (1)Managing Director Matt Painter was understandably enthusiastic, stating,

“This is what we’ve been chasing at Pinjin. Our systematic approach to exploration has paid off.” He highlighted the strategic importance of the discovery, which is located just one kilometre west of KalGold’s Kirgella Gift deposit in an area previously untouched by effective drilling. The scale of the find, according to Painter, suggests significant growth potential.

KalGold Strikes Gold at Pinjin: Lighthorse Discovery Spurs Excitement KalGold discovers high-grade gold at Lighthorse in Pinjin, Eastern Goldfields, signaling significant growth potential and heightened investor interest. Next steps include detailed drilling to explore further.

Golden State Minerals gears up for its 2025 gold campaign! Big plans ahead for exploration. Read more: https://hubs.li/Q035xJmv0 "

Golden State gears up for 2025 gold campaign Golden State gears up for 2025 gold campaign