We’re looking forward to continuing our support for Fin Resources Ltd (ASX:FIN)
As no. 1 shareholders, Peak co-led the $3,750,000 raise and introduced a number of funds and new investors to the round.
FIN’s recently acquired Cabin Lake Project in Canada’s Northwest Territories has produced up some impressive historical high-grade hits, including 31.4m @ 15.2 g/t Au and 13.9m @ 13.21 g/t Au, with an imminent maiden ~1,500m diamond drilling campaign expected to commence in early March 2026.
Read more below in yesterday’s article in The Australian:
FIN raises $3.75m ahead of gold drilling | The Australian
Market highlights
ASX 200 futures are pointing up 32 points or 0.4 per cent to 8851.
All US prices near 3.15pm New York time.
- AUD -0.2% to US70.77¢
- Bitcoin -2.6% to $US68,815
- On Wall St: Dow +0.3% S&P -0.1% Nasdaq -0.4%
- VIX +0.15 to 17.51
- Gold -0.7% to $US5024.14 an ounce
- Brent oil -0.1% to $US68.95 a barrel
- Iron ore +0.5% to $US100.40 a tonne
- 10-year yield: US 4.14% Australia 4.82%
Across Markets…
Australian shares are poised to open higher, though a potential extended slump in CSL could dent an opening advance. In addition, results are pending from AGL Energy, Commonwealth Bank and James Hardie.
CSL shares plunged 5 per cent late in Tuesday’s session after the sudden exit of its CEO, leaving brokers unimpressed.
The global biotechnology giant wasn’t alone in shuffling its top executive: Helen Lofthouse has abruptly quit the ASX with no replacement in place after a period of intense regulatory scrutiny.
The Dow reset its record high and then faded. Both the S&P 500 and Nasdaq Composite turned modestly negative. Weaker-than-expected December US retail sales lifted the probability of a June interest rate to near 50 per cent.
The yield on the US 10-year note tumbled 6 basis points to 4.14 per cent near 3.15pm in New York. The megacap tech stocks were mostly lower. The Dow was being paced higher by Walt Disney, Home Depot and Travelers.
Source: AFR
Viking Mines delivers ‘exceptional’ results as US tungsten hunt builds up steam
- Viking Mines recently acquired a portfolio of production-proven tungsten assets in Nevada
- Due diligence field sampling has returned widespread high-grade mineralisation and validated historical production records across several projects
- The company is conducting target definition work as it looks to define precise locations for validation and expansion drilling
Special Report: Viking Mines is off to a flying start at its recently acquired portfolio of production-proven tungsten assets in Nevada, with a sampling program delivering widespread high-grade mineralisation and validating historical records at the Linka, Long and Alpine projects.
The due diligence field campaign returned a peak assay of 14.7% WO3 from an historical pit at Linka, known as Conquest. Another sample returned 5.2% WO3.
In addition, channel sampling across a separate mineralised zone unearthed significant tungsten intervals adjacent to a recently reported metallurgical sample grading 1.0% WO3.
Results included 2m at 0.5% WO3 and 2.5m at 0.5%.
Elsewhere at Linka, Viking Mines’ (ASX:VKA) channel sampling at the historical Hillside shaft yielded 4.4m at 0.6% WO3.
And at the Linka Pit Ramp, a 15m channel sample identified a steep and unmined subvertical zone that could represent a significant future mining opportunity. It returned 5m at 0.7% WO3.
Importantly, management believes that the new channel results contain grades that could be representative of those achieved during historical mining.
“The consistent grades we are seeing across Linka, Hillside, and Conquest match our historical expectations,” noted Viking Mines managing director and CEO Julian Woodcock.
The Linka potential
In mid-December, Viking entered an agreement to acquire six tungsten projects in Nevada.
These include the most advanced Linka project, as well as Alpine, Long, Terrell, Ragged and Victory.
All up, Linka hosts three historical mines with recorded production of 65,000t of ore at an average grade of 0.49% WO3.
Mining occurred along 820m of strike at the Linka, Hillside and Conquest mines between 1941 and 1956.
Management noted that the mineralisation remained open in two directions, with potential extensions beneath shallow cover also remaining untested.
Viking recently expanded its Linka landholding after staking new ground that includes a magnetic anomaly interpreted to be associated with the source intrusion for the mineralised system.
According to the company, the contacts between the intrusion and the surrounding sedimentary sequence represent the primary target for tungsten mineralisation.
Subsequently, Viking engaged geophysical contractors Rock Bottom Geosciences for a dual-method gravity and ground magnetic survey starting this month.
These will help pinpoint drill targets beneath cover and beyond the existing 820m strike length at Linka.
The new trenching results will also assist the company in drill planning.
“These results, when combined with our developing 3D data models and planned geophysical surveys, will give us a high level of confidence as we finalise our drill targets for the upcoming Nevada drilling campaign,” explained Woodcock.
To read more, click here
Source: Stockhead
Company: Fin Resources Ltd (ASX:FIN)
Sector: Gold/Mining
Deal Type: Placement
Latest Entry Price: $0.0065
Today’s Price Change: $0.012 -7.69%
Company: Locksley Resources Ltd (ASX:LKY)
Sector: REE & Antimony/Mining
Deal Type: Placement
Latest Entry Price: $0.04
Today’s Price Change: $0.180 +9.09%
Company: CuFe Ltd (ASX:CUF)
Sector: Copper/Mining
Deal Type: Placement
Latest Entry Price: $0.016 with 1:2 option, strike $0.025
Today’s Price Change: $0.048 Unchanged
Company: Tasman Resources Ltd (ASX:TAS)
Sector: Gold/Silver/Mining
Deal Type: Placement
Latest Entry Price: $0.0125 with 1:2 option, strike $0.02
Today’s Price Change: $0.041 +5.13%
Company: Tambourah Metals Ltd (ASX:TMB)
Sector: Gold/Mining
Deal Type: Placement
Latest Entry Price: $0.04
Today’s Price Change: $0.056 +1.82%
Company: Biotron Ltd (ASX:BIT)
Sector: Biotech
Deal Type: Placement
Latest Entry Price: $0.003 with 1:2 option, strike $0.02
Today’s Price Change: $0.003 -14.29%
Company: Eclipse Metals Ltd (ASX:EPM)
Sector: REE
Deal Type: Placement
Latest Entry Price: $0.015
Today’s Price Change: $0.023 Unchanged
Company: Neuren Pharmaceuticals Ltd (ASX:NEU)
Sector: Biotech
Deal Type: On-market purchase
Latest Entry Price: $1.20 – $1.50
Today’s Price Change: $13.51 +1.50%
Company: Dimerix Ltd (ASX:DXB)
Sector: Biotech
Deal Type: Rights Issue
Raise Amount: $800,000
Latest Entry Price: $0.08 with 1:1 option, strike $0.126
Today’s Price Change: $0.530 +6%
Company: Noviqtech Ltd (ASX:NVQ)
Sector: Blockchain
Deal Type: Placement
Raise Amount: $1M
Latest Entry Price: $0.02 with 1:1 option $0.08 strike
Today’s Price Change: $0.027 +12.50%
Company: Critica Limited (ASX:CRI)
Sector: REE
Deal Type: Placement
Raise Amount: $1M
Latest Entry Price: $0.0075 with a 1:1 CRIO
Today’s Price Change: $0.028 Unchanged
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.09 with 1:2 PL3O
Today’s Price Change: $0.110 Unchanged
Company: WhiteHawk Ltd. (ASX:WHK)
Sector: Cybersecurity & AI
Deal Type: Placement
Raise Amount: $1.7M
Latest Entry Price: $0.01 with 1:3 option $0.02 strike
Today’s Price Change: $0.007 Unchanged
Company: Kalgoorlie Gold Mining Limited. (ASX:KAL)
Sector: Gold/Mining
Deal Type: Placement
Raise Amount: $2.3M
Latest Entry Price: $0.026 with 1:2 option $0.032 strike
Today’s Price Change: $0.044 Unchanged
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
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