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.

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

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

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.

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.

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.

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.

Canada’s 2025 federal budget arrives at a pivotal moment for the country’s economic trajectory. Facing a decades-long productivity challenge, the government aims to reinvigorate growth through carefully targeted investment incentives and strategic reforms.

Rather than broad fiscal stimulus, the budget focuses on fostering innovation, modernizing tax credits like the Scientific Research and Experimental Development (SRED) program and encouraging private sector investment in new technologies.

This approach aims to break Canada’s productivity stagnation and position the economy for long-term competitiveness.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

Canada and Alberta have sealed a wide-ranging deal that links deep emissions cuts with a long-term push to grow oil and gas output through new export pipelines and fast-track clean energy infrastructure.

Prime Minister Mark Carney and Alberta Premier Danielle Smith signed the memorandum of understanding in Calgary on Thursday (November 27). The MOU outlines a package led by Pathways Plus—described as the world’s largest carbon capture, utilization and storage project.

Under the pact, Canada also commits to suspend its Clean Electricity Regulations in Alberta and to refrain from implementing the long-discussed federal emissions cap for oil and gas.

In turn, Alberta agreed to advance a privately financed pipeline capable of transporting at least one million barrels per day of low-emissions bitumen to Asian markets, with Indigenous co-ownership built into the project’s structure.

The MOU states the application for the pipeline must be ready by July 1, 2026. In turn, the federal government will treat it as a project of national interest under the Building Canada Act.

Carney framed the deal as a response to global instability and a pivot toward a more self-reliant economic foundation.

“In the face of global trade shifts and profound uncertainty, Canada and Alberta are striking a new partnership to build a stronger, more sustainable, and more independent Albertan and Canadian economy,” he said in a statement. “We will make Canada an energy superpower, drive down our emissions and diversify our export markets.”

Beyond oil, the arrangement includes extensive commitments to expand nuclear power, strengthen Alberta’s electricity grid, and support thousands of megawatts of new AI-oriented computing capacity, including sovereign cloud infrastructure for Canada and its allies.

Alberta will also pursue major transmission interties with British Columbia and Saskatchewan to move low-carbon electricity across provincial borders, a step both governments say is essential for decarbonizing energy-intensive industries.

The MOU also sets a course for a new industrial carbon pricing agreement, with Alberta’s TIER regime remaining the backbone of provincial regulation. Both governments agreed to a minimum effective credit price of US$130 per metric ton alongside a methane-reduction target of 75 percent by 2035.

“Canada is acting decisively to establish ourselves as a global energy superpower in the face of a changing world,” added Tim Hodgson, Canada’s Minister of Energy and Natural Resources.

“Together, Canada and Alberta will not only export critical energy to our customers, we will also support our allies, create hundreds of thousands of jobs here at home, and show that our energy sector can lead on a global stage.”

A joint implementation committee is slated to finalize these frameworks by April 1, 2026.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Barrick Mining (TSX:ABX,NYSE:B) has closed the sale of its Hemlo gold mine in northern Ontario to Carcetti Capital (TSXV:CART.H), completing a transition the company first announced in September and marking one of its most significant portfolio shifts this year.

In a statement Wednesday (November 26), Barrick said the finalized divestiture is worth up to US$1.09 billion. The company received US$875 million in cash and US$50 million in Hemlo Mining shares at closing, with up to US$165 million in additional payments tied to gold prices and production beginning in 2027.

Barrick also formally thanked the Biigtigong Nishnaabeg and Netmizaaggamig Nishnaabeg First Nations, noting their cooperation and support throughout Hemlo’s operation.

The transaction continues the company’s effort to streamline its holdings and redirect capital to what it calls Tier One assets.

Hemlo Mining, the renamed acquirer, gains control of one of Canada’s longstanding gold operations. For Barrick, the exit removes a non-core asset as it concentrates on its global gold and copper portfolio, which spans 18 countries and includes six Tier One gold mines.

As Barrick exits Hemlo, Wheaton Precious Metals (TSX:WPM,NYSE:WPM) also confirmed it has closed its previously announced gold stream with Carcetti, providing US$300 million in upfront funding.

The stream forms the cornerstone of a financing structure that includes US$542 million in equity proceeds, with Wheaton contributing about US$30 million, as well as up to US$250 million in bank debt. Wheaton originally committed up to US$400 million for the stream, but Hemlo Mining elected to draw US$300 million under the agreed terms.

The completion of the stream delivers immediate production and cash flow to Wheaton while giving Hemlo Mining the liquidity needed to finalize the acquisition and pursue operational improvements at the site.

The company said the gold stream is “a key component” of the mine’s recapitalization and transition under new ownership.

The close of the Hemlo sale comes just days after the company resolved a major standoff in West Africa.

On Monday (November 24), Barrick confirmed it had struck a deal with the Malian government that will return full operational control of the Loulo-Gounkoto complex to the company, ending months of tension that escalated into arbitration at the World Bank’s dispute-resolution center.

People familiar with the matter said that the agreement includes a settlement worth 244 billion CFA francs (US$430 million). According to those sources, Barrick will pay 144 billion CFA francs within six days of signing, with another 50 billion CFA francs covered through VAT-credit offsets.

An additional 50 billion CFA francs had already been paid last year. Barrick declined to say whether the final agreement formally includes these settlement terms.

In exchange, Mali will drop its charges against Barrick, relinquish state control over Loulo-Gounkoto, release four detained employees, and renew the company’s Loulo mining permit for another decade.

The settlement also requires Barrick to comply with Mali’s 2023 mining code, the very issue that triggered the dispute. The company will also now withdraw its arbitration claim.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

South Harz Potash Limited (ASX:SHP) (South Harz or the Company) is pleased to announce that it has entered into an option heads of agreement to acquire the Glava Copper-Gold-Silver project in south-western Sweden. The acquisition marks the first step in the Company’s transition toward a diversified, multi-asset exploration and development strategy.

South Harz Executive Chairman Mr Len Jubber, commented:

“The Glava acquisition option represents an exciting milestone and opportunity for South Harz to leverage our European footprint into one of the most geologically prospective and underexplored copper-gold provinces in Scandinavia. This first step transforms South Harz into a diversified resources company, moving from a single asset company towards a broader regional platform. While we maintain strategic patience with our large-scale South Harz Potash Project, we are broadening our portfolio to include metals essential to global supply chains and the energy transition.

The Glava Project offers immediate discovery potential, hosting visible bornite, covellite, and chalcocite epithermal mineralisation with gold, silver and tellurium in outcropping vein systems, including historic
artisanal production of over 10% copper. Negligible glacial till allows for the use of proven, cost-effective exploration techniques. Initial field activities, including a magnetic survey have been completed under
the guidance of McKnight Resources and we look forward to analysing and interpreting the gathered information in the coming weeks. We are committed to systematically exploring Glava’s potential, while continuing to evaluate complementary opportunities to strengthen the portfolio and create sustained shareholder value.”

Highlights

• Option Agreement executed to acquire Glava Cu-Au-Ag Project, located in Värmland Province, Sweden
• First potential acquisition under South Harz’s diversified asset growth strategy, expanding its portfolio into critical (base) and precious metals alongside German potash assets
• High-grade epithermal copper mineralisation, with associated gold, silver and tellurium, confirmed by recent sampling. Historic artisanal mining recorded up to 10.5% Cu
• Negligible glacial till allows for use of proven, cost-effective exploration techniques
• Ground magnetic survey and rock chip sampling completed in November 2025, with results to feed into drill target generation
• Option Agreement includes strategic relationship with vendors McKnight Resources AB, resulting in established and experienced exploration capability in Sweden
• The potential acquisition delivers immediate discovery opportunity, while preserving the long term value and optionality in the perpetual tenure across the SHP German potash projects

The Glava Project

The Glava Project, which is located in Sweden’s Värmland region (Figure 1), covers 430Ha under a single exploration licence within the eastern extensions of the Proterozoic Grenville Orogenic Belt, an emerging copper-gold exploration district extending through Scandinavia, the UK, Greenland and Newfoundland.

The project area comprises a highly prospective and underexplored copper-gold system with a history of high-grade artisanal production. It hosts outcropping bornite, covellite and chalcocite mineralisation, and visible tellurides, as described in the Sweden Geologiocal Survey (SGU) database, at two mineral occurrences, namely Glava Koppagruvor and Skarpning SV Glava (Figure 1). The telluride minerals are frequently a component of epithermal deposits. This acquisition gives South Harz immediate exploration access to critical and precious metals in a Tier-1 European jurisdiction.

Historic records show that artisanal mining at Glava Koppargruvor produced about 2,280 tonnes of rock, including 49 tonnes with a grade of 10.5% Cu, as well as additional enriched ore stockpiles from shallow early 20th-century workings (Lundegårdh 1995). Two main accessible shallow open pits (East and West), together with an abandoned 14m deep shaft, provided opportunities for a modern assessment of the geological setting and sampling of the material on the adjacent waste dumps (Figure 2). Mineralisation is structurally controlled along a north-south oriented fracture array that intersects the shallow-south-dipping meta-sediment host rocks. The target zone is interpreted to be dipping towards the south (refer Figure 2, Longitudinal Section).

Click here for the full ASX Release

French nuclear group Orano said that it “strongly condemns” the removal of uranium from the SOMAÏR mine in northern Niger.

The company called the transfer illegal and a direct breach of the International Centre for Settlement of Investment Disputes’ (ICSID) September ruling, which prohibits the material from being sold or moved without the company’s consent.

Orano said it learned of the shipment only after media reports disclosed that uranium had been taken from the Arlit-based facility, which has been under the control of Niger’s military government since late 2024.

The company went on to explain “ (it) is not the initiator of this shipment,” adding that it has no official information on the quantity removed, the shipment’s destination, or the conditions of its transport.

The incident deepens an already severe standoff that has been building for more than a year, following the military junta’s decision in December 2024 to block Orano from operating the mine despite the company’s majority stake.

At the time, Orano publicly confirmed it had lost operational control, noting that board-approved directives were no longer being carried out and that authorities were preventing the suspension of production expenses.

The situation escalated further in June 2025, when Niger announced it would nationalize SOMAÏR outright.

The government accused Orano—a firm it described as “owned by the French state—a state openly hostile toward Niger since July 26, 2023” — of “irresponsible, illegal, and unfair behaviour.”

Authorities said the mining agreement had expired in December 2023 and argued that nationalization was an assertion of “full sovereignty.” Orano, which held a 63 percent stake in the venture, declined to comment at the time but continued to pursue arbitration and legal action.

The dispute produced a ruling favorable to Orano in September. The ICSID tribunal ordered Niger “not to sell, transfer, or even facilitate the transfer to third parties of uranium produced by SOMAÏR” that was being held in violation of Orano’s rights.

That decision has now become central to the new controversy, with the latest shipment appearing to defy the tribunal’s directive.

Orano said the uranium transfer constitutes a “breach” of the ruling and warned it is prepared to take further steps in response. The company said it reserves the right to take any additional action necessary, including criminal proceedings against third parties, should the material be taken in violation of its offtake entitlement.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

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