Basin Energy (BSN:AU) has announced Expands REE and uranium footprint at Sybella-Barkly
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Perth, Australia (ABN Newswire) – Basin Energy Limited (ASX:BSN) (OTCMKTS:BSNEF) announced the expansion of its district-scale Sybella-Barkly REE and uranium project (the ‘Project’), where the Company is currently drilling for district-scale rare earth elements (‘REE’) and uranium targets (refer to figure 2*).
Key Highlights
– 183km2 of new tenure secured, expanding Basin’s district-scale Sybella-Barkly REE-uranium footprint to 6,140km2.
– Additional landholding considered prospective for clay-hosted REE and paleochannel uranium, supported by historic AEM and geochemical anomalies.
– Conduct and compensation agreement now finalised for Ardmore Station, allowing exploration access for the next 12 months.
– Initial sediment-hosted REE drilling ongoing, with ~3,000m planned in Q4 2025.
– Multiple district-scale targets ready for systematic drilling.
The Company has successfully secured an application for Exploration Permit for Minerals (‘EPM’) 29333, which will add 183 km2 of highly prospective ground to the Project (refer to figure 1*). This increases the Sybella-Barkly landholding to 6,140 km2, strengthening Basin’s position over key sediment-hosted REE and uranium target corridors. The application is expected to take around months to progress to grant.
Basin has also finalised a conduct and compensation agreement covering work for the next 12 months at Ardmore Station, a critical milestone enabling the Company to continue with its exploration program.
Managing Director, Pete Moorhouse commented:
‘With drilling well underway at the first of our three district-scale targets for REE and uranium at this exceptionally prospective project, we are happy to expand our land position through the application of an additional exploration permit. Our Company’s drill program has been progressing well to date, and I have been on site for the last week, personally overseeing the progress. The team is doing a tremendous job and I am very excited for the results of the assays in the coming months.’
Sediment Hosted Potential
The additional application is deemed prospective for sediment-hosted targets for uranium and REE within the Barkly Tablelands. The Barkly Tablelands, refer to figure 4*, were surveyed with airborne electromagnetics (‘AEM’) by Summit Resources in February 2007 prior to its acquisition by Paladin Energy Limited (ASX:PDN). Whilst numerous targets were identified, no drilling was completed at the time. Current drainage patterns data indicate that the sediments forming the Barkly Tablelands are sourced from the Sybella Batholith. Basin is currently conducting the maiden drilling of this area to target uranium and REE potential, with approximately 3,000 metres expected to be drilled in Q4 2025.
Sediment and Ionic Clay Hosted REE Potential – District Scale Target
Results of surface geochemistry samples indicate significant mobilisation of rare earth elements into the Barkly Tablelands from the Sybella Batholith, which hosts Red Metal’s Sybella Discovery. Surface sediment samples form a regionally significant anomaly, refer to figure 4*. The highest of these values are within catchments draining from the Sybella discovery.
The Summit Resources AEM survey not only outlines an interpreted extensive paleochannel network but also highlights a conductive layer within the Barkly Tablelands sediment package directly beneath this geochemical anomaly, approximately 12 metres thick from 20 to 32 metres depth with a footprint of over 1,000 km2. This conductive layer could represent a clay unit, produced from the extensive weathering of the Sybella granites and is prospective for clay-hosted REE, refer to figure 5*.
Basin’s initial drilling is targeting this conductive horizon with aircore drilling. An average hole depth of approximately 35 metres is anticipated.
The Summit Resources’ AEM survey not only outlines an interpreted extensive paleochannel network but also highlights a conductive layer within the Barkly Tablelands sediment package directly beneath this geochemical anomaly, approximately 12 metres thick from 20 to 32 metres depth with a footprint of over 1,000 km2. This conductive layer could represent a clay unit, produced from the extensive weathering of the Sybella granites and is prospective for clay-hosted REE, refer to figure 4*.
Basin’s initial drilling will target this conductive horizon with aircore drilling. An average hole depth of approximately 35 metres is anticipated.
Paleochannel Roll Front Uranium Potential – District Scale Target
The Summit Resources’ AEM survey identified a stacked sequence of paleochannels within the Barkly Tablelands, fed from the Sybella Batholith, refer to figures 5 & 6*. This network is trending southerly, where no further AEM data exists.
Uranium content within the Sybella varies between the different phases of granites, as can be seen in the regional ternary radiometric image and supported by regional rock chip data, refer to figure 6*.
Academic research also indicates that these ‘hot’ granites are the source for the Valhalla uranium deposits.
Furthermore, historical drilling recorded redox fronts, sandstone channels and impermeable cap rocks, however no radiometric data was collected, and uranium was not assayed for.
Using the Sybella rocks that likely formed the source for the Valhalla deposits, Basin will target the potential for uranium to have also been mobilised from the Sybella granites, through the interpreted extensive paleochannel network, which appears to have suitable geological host characteristics.
Targeting work was completed by Summit Resources and Fugro to prioritise these interpreted channels.
Basin’s first pass aircore drilling program will look to confirm the characteristics of these interpreted channels. An initial 35 holes are proposed, with an average depth of 40 metres for a total of approximately 1,400 metres.
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/HA1CQR9E
About Basin Energy Ltd:
Basin Energy Ltd (ASX:BSN) (OTCMKTS:BSNEF) is a green energy metals exploration and development company with an interest in three highly prospective projects positioned in the southeast corner and margins of the world-renowned Athabasca Basin in Canada and has recently acquired a significant portfolio of Green Energy Metals exploration assets located in Scandinavia.
Source:
Basin Energy Ltd
Contact:
Pete Moorhouse
Managing Director
pete.m@basinenergy.com.au
+61 7 3667 7449
Chloe Hayes
Investor and Media Relations
chloe@janemorganmanagement.com.au
+61 458619317
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Perth, Australia (ABN Newswire) – Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) (OTCMKTS:ALTHF) advised that its newly constituted Board has commenced a comprehensive strategic reset to position the Company for successful commercialisation of its core battery technologies.
The refreshed Board comprises Mr Joe Graziano as Non-Executive Chair, Mr Daniel Raihani as Managing Director & Chief Executive Officer and Mr Hansjoerg Plaggemars as Non-Executive Director. Their immediate mandate is to redirect Altech’s efforts toward partnerships, capital mobilisation, and disciplined project execution across its two advanced technology platforms: CERENERGY(R) and Silumina Anodes(TM).
Background to Leadership Change
The change in management follows a determination by the Company’s largest shareholder that the previous strategy was unlikely to achieve commercial outcomes in an acceptable timeframe. Specifically, the Board identified insufficient progress in achieving project financing for the CERENERGY(R) Sodium Chloride Solid State (SCSS) Battery Project and the Silumina Anodes(TM) Battery Materials Project, despite advanced feasibility work and strong underlying technical validation as previously disclosed in the 2025 Annual Report.
The Board has also resolved to reassess the strategic rationale and economic merit of the Company’s distribution arrangement for AMPower sodium-nickel-chloride UPS batteries, including the level of capital and management attention required. While AMPower technology provides near-term revenue optionality, the Board considers a focused capital allocation model essential.
Daniel Raihani, CEO and Managing Director stated:
‘Altech possesses two genuinely world-class technologies in CERENERGY(R) and Silumina Anodes(TM), and it is imperative that we now take the actions required to ensure these assets reach their full commercial potential. The reality is that these projects demand disciplined execution, robust partnerships and a level of financial and technical resourcing that cannot be delivered through incremental steps or half-measures.
‘This strategic reset is necessary. It reflects an honest appraisal of where the Company stands today and what is required to move forward with credibility. We must focus our capital, sharpen our priorities, and align Altech with partners capable of advancing large-scale industrial technology.
‘I will have the Company focused to rapidly find partners to allow commercialisation of these technologies, as I believe both require larger partners to be successful. I will communicate directly and honestly the outcome of these efforts as soon as they become available.’
Refocused Strategic Priorities
The Board’s immediate focus is on accelerating commercialisation pathways, centred on: 1. Strategic Partnering for CERENERGY(R) and Silumina Anodes(TM)
Both projects are technically advanced, with:
– A completed DFS for the 120 MWh CERENERGY(R) plant in Saxony, Germany;
– Independent ‘Dark Green’ sustainability classification by S&P Global (significantly lower lifecycle emissions than lithium-ion);
– Strong safety validation including extreme-condition testing;
– A fully constructed Silumina Anodes(TM) pilot plant producing high-purity alumina-coated silicon anode material; and
– Demonstrated battery performance breakthroughs (e.g. 30-55% higher energy density compared to graphite-only anodes).
The Board considers these high-value assets well suited to collaborative development models involving established battery manufacturers, industrial technology groups, chemicals producers or governmentsupported programs. The top priority is to secure one or more qualified strategic partners who can contribute capital, technical resources and market access to advance both projects into commercial reality.
2. Progressing Access to EUR46.7 million STARK Grant Funding
The Company’s CERENERGY(R) project is identified as eligible for up to EUR46.7 million in grant support under the German STARK program. Accessing this funding requires confirmation of full project financing. The Board will prioritise the workstreams required to unlock this government support package.
3. Portfolio Rationalisation and Asset Monetisation
The new Board has initiated a strategic review of Altech’s non-core assets and business activities, including:
– The Meckering kaolin Resource;
– The Johor (Malaysia) industrial landholding; and
– All ancillary corporate structures and cost centres.
The objective is to streamline the corporate footprint, reduce expenditure and realise value from assets not essential to the commercialisation of CERENERGY(R) and Silumina Anodes(TM).
4. Cost Structure Review
A full cost review is underway to align the organisation with Altech’s revised strategic path, ensuring capital is deployed efficiently and operational overheads reflect the Company’s priorities.
Managing Director Employment Terms
Under his agreement, Mr Raihani will receive:
– A fixed fee of $134,000 per annum, based on two working days per week; and
– A rate of $2,000 per day for each additional day worked over and above the two days per week.
– These remuneration terms reflect the Company’s transitional phase and the immediate strategic priorities.
About Altech Batteries Ltd:
Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS (‘Fraunhofer’) to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.
The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech’s land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.
Source:
Altech Batteries Ltd
Contact:
Daniel Raihani
Managing Director
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com
Martin Stein
Chief Financial Officer
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com
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Perth, Australia (ABN Newswire) – Locksley Resources Ltd (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) announced that it has been progressing a sponsored Level 1 American Depositary Receipt (‘ADR’) program with The Bank of New York Mellon (‘BNY’), the global leader in depositary receipt services. The Company has been advised that the ADR program will be available on or after 3rd of December 2025 onwards. Each ADR will represent 20 ordinary shares.
Why ADRs benefit Locksley and the Market
The establishment of an ADR program represents a significant step forward in Locksley’s global capital markets positioning, moving beyond the perception of an ASX microcap and into a structure trusted by major global institutions.
An ADR is a U.S dollar-denominated trading instrument that allows U.S. investors to gain exposure to non-US companies without the need for cross-border or cross-currency complexities. Importantly, the establishment of the ADR program is not a new offer of securities, therefore no additional shares will be issued or any capital raised.
Key benefits include:
– Institutional Accessibility: Many U.S. funds are restricted from investing directly in ASXlisted small caps. A U.S.-traded ADR opens access to tier-one U.S. institutions, wealth managers, and ETFs that otherwise cannot participate.
– Credibility and Perception Uplift: Partnering with BNY Mellon is widely regarded as a strong indicator of governance quality and market standing
– Liquidity & Marketability: ADRs trade in U.S. dollars during U.S. market hours, improving visibility, liquidity and ease of settlement for U.S investors
– Peer Alignment: ADRs are already used by leading Australian and global resources companies, placing Locksley alongside a well-recognised peer group
– Future Capital Pathway: The ADR framework establishes early infrastructure for potential future U.S exchange listings and builds a trading history with U.S Investors
Background on BNY Mellon
– BNY is the world’s largest provider of depositary receipt services, with a 41% global market share and a 68% share in Australia. The firm acts as depositary for 12 of the 14 Australian companies currently listed on Nasdaq and provides depositary services to over 90% of Fortune 100 companies worldwide
– BNY’s dedicated Depositary Receipts platform provides issuers with a full suite of services, including investor relations advisory, U.S. capital markets connectivity, dividend and proxy management, and access to the largest team of DR specialists in the market
Precedent Companies
Many Australian and global companies utilise ADR programs as part of their U.S. investor engagement strategies, including BHP, Rio Tinto, Fortescue Metals, QBE, Telstra, and CSL. Locksley’s ADR program will provide U.S. investors with streamlined access to the Company’s Mojave Critical Minerals Project in California, a project strongly aligned with U.S. government and defence supply chain priorities. The program will enhance Locksley’s visibility among U.S. institutions, funds and retail investors seeking exposure to critical minerals.
Kerrie Matthews, Locksley CEO commented:
‘Progressing with The Bank of New York Mellon to establish an ADR program represents another important step in Locksley’s U.S. capital markets strategy. Since commencing as CEO, I have focused on positioning Locksley not just as another Australian junior, but as a company of global strategic importance.’ ‘The ADR program enables U.S. institutions and investors to participate in our vision to deliver a 100% U.S. Mine to Market antimony solution. This uplifts our profile, expands our investor reach and sets the stage for long term capital pathways as we fast-track Mojave’s development.’
About Locksley Resources Limited:
Locksley Resources Limited (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) is an ASX listed explorer focused on critical minerals in the United States of America. The Company is actively advancing exploration across two key assets: the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley Resources aims to generate shareholder value through strategic exploration, discovery and development in this highly prospective mineral region.
Mojave Project
Located in the Mojave Desert, California, the Mojave Project comprises over 250 claims across two contiguous prospect areas, namely, the North Block/Northeast Block and the El Campo Prospect. The North Block directly abuts claims held by MP Materials, while El Campo lies along strike of the Mountain Pass Mine and is enveloped by MP Materials’ claims, highlighting the strong geological continuity and exploration potential of the project area.
In addition to rare earths, the Mojave Project hosts the historic ‘Desert Antimony Mine’, which last operated in 1937. Despite the United States currently having no domestic antimony production, demand for the metal remains high due to its essential role in defense systems, semiconductors, and metal alloys. With significant surface sample results, the Desert Mine prospect represents one of the highest-grade known antimony occurrences in the U.S.
Locksley’s North American position is further strengthened by rising geopolitical urgency to diversify supply chains away from China, the global leader in both REE & antimony production. With its maiden drilling program planned, the Mojave Project is uniquely positioned to align with U.S. strategic objectives around critical mineral independence and economic security.
Tottenham Project
Locksley’s Australian portfolio comprises the advanced Tottenham Copper-Gold Project in New South Wales, focused on VMS-style mineralisation
Source:
Locksley Resources Limited
Contact:
Kerrie Matthews
Chief Executive Officer
Locksley Resources Limited
T: +61 8 9481 0389
Kerrie@locksleyresources.com.au
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Green Technology Metals (GT1:AU) has announced Altris Engineering Appointed to Optimise & Lead Seymour DFS
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Altech Batteries (ATC:AU) has announced Altech – Board Renewal and Strategic Focus
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Here’s a quick recap of the crypto landscape for Friday (November 28) as of 9:00 p.m. UTC.
Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.
Bitcoin and Ether price update
Bitcoin (BTC) was priced at US$91,192.19, down by 0.2 percent over 24 hours.
Bitcoin price performance, November 28, 2025.
Chart via TradingView.
However, the expert added that whale selling is keeping upside momentum fragile, preventing Bitcoin’s recovery from becoming a sustained trend. Hasn also noted that while derivatives market indicators show some stabilization, the rebound lacks the aggressive leverage buildup that typically supports strong rallies.
Friday’s derivatives data reinforces this view. Open interest fell 0.13 percent over four hours as traders trimmed positions. Liquidations hit US$23.74 million, mostly in longs, clearing excess bets without sparking fresh buying.
The slightly negative funding rate of -0.001 percent shows shorts paying longs with no bullish premium, while Bitcoin’s relative strength index of 58 signals neutral momentum, not the overextension needed for a strong rally.
As Hasn explained:
“Bitcoin’s resilience this week is therefore being shaped by a supportive macro environment rather than internal strength. The mixed whale distribution pattern and the lack of sustained accumulation still underline that the market remains vulnerable. The next phase will likely depend on whether improving sentiment in equities can translate into more durable inflows across the crypto market.”
Meanwhile, Ether (ETH) was at US$3,057.17, up by 0.7 percent over 24 hours. Ether derivatives showed balanced consolidation: US$8.83 million in mixed long/short liquidations cleared positions evenly, while a 0.06 percent rise in open interest signals modest new bets. However, neutral funding at 0.001 percent lacks a bullish premium.
Altcoin price update
- XRP (XRP) was priced at US$2.19, down by 1.8 percent over 24 hours.
- Solana (SOL) was trading at US$137.88, down by 3.3 percent over 24 hours.
Fear and Greed Index snapshot
CMC’s Crypto Fear & Greed Index continued to climb steadily after plunging into ‘extreme fear’ territory in the last two weeks. It has currently settled at 20 and is inching closer to ‘fear.’
Bitcoin’s rebound from the mid-US$80,000 zone has triggered a swift shift in market sentiment. After the price briefly cooled near US$80,000, many expected a sluggish recovery phase. Instead, optimism snapped back, with the sentiment index rising 10 points over the week and marking one of its sharpest moves in recent months.
The increase corresponds with heavier buying activity and reduced caution among traders who had previously stayed on the sidelines during the cryptocurrency’s pullback.
CMC Crypto Fear and Greed Index, Bitcoin price and Bitcoin volume.
Chart via CoinMarketCap.
Today’s crypto news to know
Major CME Group outage halts futures trading
CME Group (NASDAQ:CME) experienced a major outage on Friday due to a chiller plant malfunction at the CyrusOne CHI1 facility, halting trading in futures and options across equities, currencies, commodities, treasuries and FOREX.
The disruption started late on Thursday (November 27) and affected the Globex platform, which handles 90 percent of CME Group’s volume. The outage halted trading in Bitcoin and Ether futures for about nine to 11 hours, disrupting access to quotes and positions, but leaving spot crypto markets largely unaffected.
Visa expands stablecoin settlement push with Aquanow partnership
Visa (NYSE:V) has deepened its stablecoin strategy by teaming up with Aquanow to support faster settlement across Central and Eastern Europe, the Middle East and Africa.
The deal plugs Aquanow’s infrastructure directly into Visa’s payment rails, allowing banks and payment firms in the region to settle transactions in approved stablecoins such as USDC.
Visa says the upgrade is aimed at institutions seeking cheaper and quicker cross-border settlement options as demand for digital asset rails grows. The company also aims to modernize the “back-end plumbing” of payments by reducing reliance on traditional networks with multiple intermediaries. Aquanow, which processes billions in crypto transactions each month, will provide liquidity and technical support for the integrations.
The collaboration follows Visa’s recent stablecoin payout pilot, Visa Direct, which lets businesses fund transactions in fiat while recipients opt to receive stablecoins directly in their wallets.
UK backs “no gain, no loss” tax model for DeFi activity
The UK government has endorsed a major shift in how DeFi transactions are taxed, moving to eliminate capital gains charges when users deposit tokens into lending protocols or liquidity pools.
Under the current rules, deposits can be treated as disposals, often generating tax liabilities even when investors haven’t realized any economic gain. HM Revenue & Customs’ updated guidance supports a “no gain, no loss” approach that would tax users only when they withdraw assets and eventually sell them.
The proposal comes after two years of industry feedback from firms, many of which argued that the existing system distorts reality and burdens ordinary users with excessive record keeping. The new model would apply to both simple lending and automated market makers, ensuring that only genuine gains or losses are captured for tax purposes.
Australia introduces digital assets bill
Australia has tabled a new digital assets bill aimed at ending years of regulatory uncertainty and preventing a repeat of past offshore failures such as FTX and Celsius.
The proposed Corporations Amendment (Digital Assets Framework) Bill 2025 would require platforms holding customer crypto to meet the same licensing and conduct standards applied across the financial sector.
Officials said the legislation is designed to bring crypto businesses fully into the regulated economy, ensuring transparency, custody safeguards and clear accountability.
The bill includes exemptions for smaller operators that process under US$10 million annually and hold less than US$5,000 per customer, mirroring existing thresholds for low-risk financial products. The government argues that modernizing the rules could unlock as much as US$24 billion a year in productivity and efficiency gains.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
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West African gold explorer Asara Resources Limited (ASX: AS1; Asara or Company) is pleased to announce the second set of results from 11 drill holes (totalling 2,455m) from the Phase 1 Reverse Circulation (RC) drilling program within the Massan deposit Mineral Resource Estimate (MRE) area at its flagship Kada Gold Project (Kada) in Guinea.
HIGHLIGHTS
- Drilling to date has focused on increasing geological confidence and on extending the down-dip mineralisation envelope at the Massan deposit within the Kada project.
- The latest results demonstrate continuity between drillholes across the remaining Inferred areas, reinforcing confidence in the geological model and confirming consistent, broad zones of mineralisation.
- Depth-extension drilling beyond the US$1,800/oz pit shell confirms that mineralisation continues at depth, returning robust gold intersections within fresh rock and identifying new zones of deeper mineralisation.
- Phase 2 drilling will target strike extensions to the north and south to further grow the resource footprint.
- Notable gold intersections from the assays received for the most recent eleven drillholes include:
- MSRC25-014: 55m @ 1.0 g/t gold from 17m. Including,
7m @ 3.1 g/t gold from 28m.
12m @ 1.35 g/t gold from 239m. Including,
5m @ 2.3 g/t gold from 244m. - MSRC25-015: 26m @ 0.9 g/t gold from 121m.
- MSRC25-016: 7m @ 1.4 g/t gold from 143m.
18m @ 1.1 g/t gold from 154m. Including,
5m @ 2.0 g/t gold from 146m. - MSRC25-017: 23m @ 1.2g/t gold from 64m. Including,
6m @ 3.8 g/t gold from 64m. - MSRC25-018: 12m @ 3.0g/t gold from 22m. Including,
7m @ 4.1 g/t gold from 26m.
18m @ 1.0g/t gold from 221m. Including,
6m @ 2.0 g/t gold from 227m.
6m @ 2.0g/t gold from 282m. - MSRC25-019: 1m @ 20.8g/t gold from 21m. 90m @ 1.0g/t gold from 226m. Including,
9m @ 1.8 g/t gold from 234m; and
10m @ 3.0 g/t gold from 301m. - MSRC25-020: 5m @ 2.9g/t gold from 6m.
13m @ 2.1g/t gold from 29m. Including,
4m @ 4.8 g/t gold from 35m.
30m @ 1.9g/t gold from 109m. Including,
16m @ 3.0 g/t gold from 118m.
20m @ 2.3g/t gold from 144m. Including,
9m @ 4.1 g/t gold from 144m. - MSRC25-021: 57m @ 1.2g/t gold from 3m. Including,
12m @ 2.0 g/t gold from 12m. - 41m @ 0.7g/t gold from 64m.
- MSRC25-023: 33m @ 0.5 g/t gold from 41m.
- MSRC25-023B: 8m @ 0.7 g/t gold from 0m.
- MSRC25-024: 19m @ 1.5 g/t gold from 0m. Including,
8m @ 2.1 g/t gold from 0m.
56m @ 0.7 g/t gold from 23m.
10m @ 1.3 g/t gold from 156m. Including,
5m @ 2.2 g/t gold from 156m.
- MSRC25-014: 55m @ 1.0 g/t gold from 17m. Including,
Additional RC Drilling Results Confirm High-Grade Continuity at Massan Prospect
The Company is pleased to announce the receipt of assay results from a further eleven RC drill holes, totalling 2,455 metres, completed at the Massan prospect (Figure 1 and Figure 2). This phase of drilling has been strategically designed to both infill the existing drilling dataset by improving geological confidence in the mineralised zones to a vertical depth of ~150 metres, and to test the down-dip depth extensions of the deposit beyond previously defined depth limits (Figure 3 and Figure 4).
As with the previous set of assay results reported in September, this batch of assay results from the drill holes drilled within the central portion of the Massan deposit has again returned significant mineralised intersections, reinforcing the continuity and robustness of the mineralisation within the core zone and validating the accuracy of the geological model against which drillhole planning has been based.
Matt Sharples, CEO of Asara, commented:
“The latest batch of assay results from the Phase 1 drilling program at the Massan deposit at Kada is highly encouraging. Not only do they confirm the widths and tenures of the expected grades, but most importantly, the intercepts were encountered exactly where predicted. This validates the accuracy of our geological model, strengthens our understanding of the genesis of the gold and derisks our exploration targeting. This enhances our success rate and continues to lower our $/oz discovery cost at a deposit which continues to grow in scale.
Both the reported depth-extension results and the near-surface infill drilling have validated our targeting and underscore the scale of Massan. We will continue to refine and update our drill plan, and we look forward to receiving the next batch of assays, which will further guide and shape our near-term exploration strategy to increase geological confidence and confirm depth extensions.
Drilling activity at Massan is due to ramp up with the imminent arrival of the Sahara Resources AC/RC rig, which will undertake a strike extension drilling campaign, designed to confirm the scale of the Massan deposit along strike, north and south, and potentially grow the Inferred Mineral Resource component of the Kada Project.”
Click here for the full ASX Release
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Trading in the securities of Corazon Mining Limited (‘CZN’) will be halted at the request of CZN, pending the release of an announcement by CZN.
Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of:
- the commencement of normal trading on Wednesday, 3 December 2025; or
- the release of the announcement to the market.
CZN’s request for a trading halt is attached below for the information of the market.
Issued by
ASX Compliance
Click here for the full ASX Release
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Here’s a quick recap of the crypto landscape for Friday (November 28) as of 9:00 a.m. UTC.
Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.
Bitcoin and Ether price update
Bitcoin (BTC) was priced at US$91,586.78, up by 1.1 percent over 24 hours. Its lowest price of the day was US$90,485.83, and its highest was US$91,839.31.
Bitcoin price performance, November 28, 2025.
Chart via TradingView
Meanwhile, Ether (ETH) was at US$3,060.34, up by 1.4 percent over 24 hours. Its lowest price on Friday was US$2,986.86 and its highest was US$3,061.67.
Altcoin price update
- XRP (XRP) was priced at US$2.24, up by 0.6 percent over 24 hours.
- Solana (SOL) was trading at US$141.20, down by 0.2 percent over 24 hours.
Fear and Greed Index snapshot
Chart via CoinMarketCap.
CMC’s Crypto Fear & Greed Index continues to climb steadily after plunging into ‘extreme fear territory’ in the last to weeks, currently settling at 20 and inching closer to ‘fear.’
Bitcoin’s rebound from the mid-US$80,000 zone has triggered a swift and notable shift in market sentiment, accelerating far faster than most traders anticipated. After briefly cooling near US$80K, many expected a sluggish recovery phase.
Instead, optimism snapped back, with the sentiment index rising ten points over the week and marking one of its sharpest moves in recent months. The increase corresponds with heavier buying activity and reduced caution among traders who had previously stayed on the sidelines during the pullback.
Today’s crypto news to know
Visa expands stablecoin settlement push with Aquanow partnership
Visa (NYSE:V) has deepened its stablecoin strategy by teaming up with Aquanow to support faster settlement across Central and Eastern Europe, the Middle East, and Africa.
The deal plugs Aquanow’s infrastructure directly into Visa’s payment rails, allowing banks and payment firms in the region to settle transactions in approved stablecoins such as USDC.
Visa says the upgrade is aimed at institutions seeking cheaper and quicker cross-border settlement options as demand for digital-asset rails grows. The company also aims to modernize the “back-end plumbing” of payments by reducing reliance on traditional networks with multiple intermediaries.
Aquanow, which processes billions in crypto transactions each month, will provide liquidity and technical support for the integrations.
The collaboration follows Visa’s recent stablecoin payout pilot, Visa Direct, which lets businesses fund transactions in fiat while recipients opt to receive stablecoins directly in their wallets.
UK backs “no gain, no loss” tax model for DeFi activity
The U.K. government has endorsed a major shift in how decentralized finance transactions are taxed, moving to eliminate capital gains charges when users deposit tokens into lending protocols or liquidity pools.
Under the current rules, deposits can be treated as disposals, often generating tax liabilities even when investors haven’t realized any economic gain. HMRC’s updated guidance supports a “no gain, no loss” approach that would tax users only when they withdraw assets and eventually sell them.
The proposal comes after two years of industry feedback from firms, many of which argued that the existing system distorts reality and burdens ordinary users with excessive record-keeping.
The new model would apply to both simple lending and automated market makers, ensuring that only genuine gains or losses are captured for tax purposes.
Australia introduces digital assets bill
Australia has tabled a new digital assets bill aimed at ending years of regulatory uncertainty and preventing a repeat of past offshore failures such as FTX and Celsius. T
The proposed Corporations Amendment (Digital Assets Framework) Bill 2025, would require platforms holding customer crypto to meet the same licensing and conduct standards applied across the financial sector.
Officials said the legislation is designed to bring crypto businesses fully into the regulated economy, ensuring transparency, custody safeguards, and clear accountability.
The bill includes exemptions for smaller operators that process under US$10 million annually and hold less than US$5,000 per customer, mirroring existing thresholds for low-risk financial products.
The government argues that modernizing the rules could unlock as much as US$24 billion a year in productivity and efficiency gains.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
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