15 April, 2026

Fin Resources (ASX: FIN) is continuing to build momentum at its recently acquired Cabin Lake Gold Project in Canada, with maiden drilling at the Arrow prospect intersecting ~114m of cumulative sulphide mineralisation across three holes, including zones of massive sulphides.

The mineralisation occurs at anticipated depths and displays characteristics consistent with previously reported high-grade zones, including historical hits of 31.4m at 15.2g/t gold and 13.6m at 7.3g/t gold. Management believes the latest results support continuity of the broader mineralised system, with assays still pending.

The rig has now moved to the Beaver prospect, where early drilling observations are also encouraging, with sulphides encountered early. Historical results at Beaver include 6.4m at 4.63g/t gold and 4.1m at 2.8g/t gold.

Drilling is currently underway at the Beaver prospect, with Andrew to follow, while first assays from hole CL-26-01 are expected within the next two weeks.

To read the full story, click here: The
Australian

Across Markets…

Australian shares closed at the highest level since early March despite early optimism about the prospect of renewed peace talks between the US and Iran giving way to some weakness in the banks.

The S&P/ASX 200 Index edged up 7.9 points, or 0.1 per cent, to 8978.70 – the highest close since the bourse hit a record high of 9200.90 on March 2. The index came in well below its intraday high of 9015.40 set at the start of the session.

Investor sentiment was initially driven by reports the US and Iran were preparing a second round of negotiations in coming days ahead of a ceasefire deadline next week

“As we get more news flow around an off-ramp to the conflict, the market is certainly rotating, and we are certainly seeing a rotation underway out of some of these defensive names into beta and cyclical exposure as investors reposition,” UBS executive director global markets Owen Johnston said.

Johnston said the fading of market gains into the close suggested conviction was still limited with investors flows more “piecemeal rather than decisive”.

Brent crude, meanwhile, rose 0.8 per cent to $US95.58 after a more than 4 per cent sell-off overnight, as traders await the outcome of peace talks between the US and Iran.

Source: AFR

Pic of the day

Local Equity News

OD6 Metals Reports Ultra-High-Grade Fluorspar Intercepts at Horseshoe Prospect

  • Ultra-high-grade fluorspar channel samples from Horseshoe Prospect.
  • Strong continuity and potential for DSO and AcidSpar quality product.
  • Advancing exploration and permitting for future drilling.

OD6 Metals (ASX: OD6) has reported ultra-high-grade channel sampling results from its Horseshoe prospect at the Quinn fluorspar project in Nevada.

The company reported multiple thick, continuous channel intercepts, confirming extensive breccia/replacement-hosted fluorspar mineralisation.

Key results include a 12 metre section averaging 68.9% CaF2, with a peak grade of 79.7% CaF2, with other significant intercepts of 7 metres averaging 73.1% CaF2, peaking at 82.0% CaF2 and a 2 metre channel that returned an average of 75% CaF2, with a peak of 79.9% CaF2.

The mineralisation remains open along strike and at depth, with only a portion of the mapped system tested to date.

These high grades are stated to be within metallurgical-grade fluorspar ranges, supporting the potential for Direct Shipping Ore (DSO) as MetSpar, as well as conventional upgrading to AcidSpar quality, which typically requires more than 97% CaF2.

Mammoth Prospect Context

The positive results at Horseshoe complement recent high-grade assays from the Mammoth Prospect within the Quinn project.

Previous due diligence channel sampling at Mammoth in April 2026 yielded continuous fluorspar mineralisation of 12 metres at 40.8% CaF2, including a peak of 54.0% CaF2 over 1 metre.

Prior to this, initial rock chip assays reported from the Mammoth Prospect in April 2026 confirmed high-grade fluorspar, with results up to 53.2% CaF2.

These results, alongside those from Horseshoe, reinforce the potential for a larger, district-scale high-grade fluorspar system extending at depth and along strike.

Broader Quinn Project Exploration

The company commenced its first modern systematic exploration program at the Quinn Fluorspar Project in March 2026, following approximately 60 years of limited activity.

Earlier remote sensing work utilising satellite and airborne hyperspectral analysis identified an 8 kilometre epithermal alteration corridor stretching from Dress Circle to Mammoth, and a 1.1 kilometre high-intensity alteration corridor linking the Horseshoe to Jumbo prospects.

This provides further evidence that known high-grade fluorspar occurrences are part of a larger continuous mineralised system.

The ongoing field work includes systematic soil and stream sediment sampling, detailed geological and structural mapping, and additional channel sampling across known deposits and newly identified alteration systems.

Development and Regulatory Outlook

The high grades at Horseshoe could support potential eligibility for Fast 41 Status, a US permitting accelerator.

If achieved, this could shorten the timelines towards drilling and early production plans for the project.

Historic small-scale mining at the Horseshoe Prospect previously produced approximately 26,000 tonnes.

The company is actively working to initiate permitting for maiden drilling through the US Forest Service.

“We are now focused on expanding sampling, refining geological controls, advancing towards drill targeting, and looking at options for bulk metallurgical samples,” managing director Brett Hazelden said.

Source: SmallCaps 

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