Small-cap trading has remained cautious as volatility across commodities and global markets continues to shape risk appetite. Early announcements on Thursday are dominated by exploration updates and project milestones, with several companies reporting fresh drilling results, development progress and funding support.
Antipa Minerals
Antipa Minerals Ltd (ASX:AZY) wrapped up its 2025 drilling campaign at the Minyari gold-copper project with a final batch of asdeclares delivering multiple new discoveries close to planned development infrastructure. Highlights included a new high-grade Fiama lode returning 24.7m at 1.4 g/t gold from ~39m, confirmation of a new northern repeat zone near Minyari Dome, and a new copper discovery at Yolanda, where drilling defined a 1.2km anomalous trconclude.
Results will feed into an updated mineral resource estimate due in February 2026, with CY2026 drilling set to restart this quarter.
Solis Minerals
Solis Minerals Ltd (TSX-V:SLMN, ASX:SLM, OTCQB:SLMFF, FRA:08WA) confirmed completion of due diligence at its Cucho copper project in Peru, with a geological review validating scale potential supported by broad historical copper-molybdenum-silver intercepts. Commercial terms were renereceivediated to better align milestone payments with permitting and drilling, while approvals are progressing ahead of first drilling tarreceiveed for late H1 2026, positioning Cucho as a near-term exploration focus.
Aurum Resources
Aurum Resources Ltd (ASX:AUE) reported further high-grade gold results from its Boundiali project in Côte d’Ivoire, extconcludeing mineralisation both at depth and along strike. Drilling at BDT3 confirmed high-grade continuity ~200m below previous intercepts, while reconnaissance step-out drilling at BDT1 extconcludeed the system 700m north-northwest.
The company remains well funded with ~$40m cash and is on track to deliver resource updates and a pre-feasibility study in Q1 2026.
Apollo Minerals
Apollo Minerals Ltd (ASX:AON, FRA:4AP) secured a $2.8 million placement from Tribeca Investment Partners, which will emerge as a substantial shareholder with a ~5.6% stake, subject to approval. The investment follows Apollo’s recent capital raising and supports continued work at the Couflens tungsten-gold project in France, home to the historic Salau mine, one of the world’s highest-grade tungsten producers.
St George Mining
St George Mining Ltd (ASX:SGQ, FRA:S0G, OTC:SGQMF) delivered another strong set of drill results from its Araxá rare earths and niobium project in Brazil, with all ten new holes intersecting thick, high-grade mineralisation from surface, including multiple intervals above 5% TREO. Ongoing 24/7 drilling continues to redefine the scale and continuity of Araxá, with asdeclares pconcludeing from a further 31 holes and the campaign extconcludeing into 2026.
Titan Minerals
Titan Minerals Ltd (ASX:TTM, OTC:TTTNF) reported final 2025 resource drilling results from the Dynasty gold-silver project in Ecuador, confirming strong continuity at depth at the Cerro Verde prospect and nearly doubling the vertical extent of mineralisation at Brecha-Comanche. Infill drilling also improved confidence within the existing resource, with an updated mineral resource estimate on track for late Q1 2026.
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