The ASX Daily Friday, 24 April 2026

Top StoriesKGL — KGL Resources delivers strong economics for Jervois copper project with A$839M post-tax NPV and 30% IRRKGL Resources has released a Baseline Economic Model for its Jervois Copper-Silver-Gold Project in the Northern Territory, confirming a post-tax NPV of A$839 million and a 30% post-tax IRR with construction capex of A$439 million. The project has a 10-year mine life producing 276,000 tonnes of copper, 10.5 million ounces of silver and 87,000 ounces of gold, with commissioning targeted for H1 2028 and average steady-state operating cashflow of A$260 million per annum at a C1 cash cost of just US$1.65 per pound net of by-products. KGL is now moving toward a Final Investment Decision, though it has flagged additional funding is still required — watch for a capital raise announcement.RKB — Rokeby Resources acquires high-grade Omeo Gold Project with 320koz historic resource and raises $4M to fund explorationRokeby Resources has entered a binding agreement to acquire the Omeo Gold Project in northeast Victoria, which hosts a historical resource of 2.4 million tonnes at 4.02 g/t gold for approximately 320,000 ounces across a 5.8 kilometre mineralised corridor. A $4 million placement has been secured to fund exploration, with the Sunnyside deposit first in line for drilling. In a signal of serious intent, Rokeby has brought in experienced mining engineer Richard Beazley as Managing Director and former Victorian Treasurer Tim Pallas as Non-Executive Chairman — a leadership combination that suggests this is more than a speculative corporate makeover.EUR — European Lithium halted amid media speculation of potential takeover bidEuropean Lithium entered a trading halt effective 24 April after media speculation emerged about a potential control transaction. The company requested the halt itself, which typically signals something concrete is in the works rather than just rumour. With lithium M&A heating up globally and EUR holding a 7.5% stake in the world-class Tanbreez rare earth deposit in Greenland, investors will be watching closely for a formal announcement before Tuesday’s open.Mid-Tier MoversFMG — Fortescue’s board approved a US$680 million investment to develop the Pilbara Green Energy Project, a 200MW fully integrated renewable energy system with large-scale battery storage targeting third-party customers including data centres, with completion expected by 2028. This is entirely separate from Fortescue’s own decarbonisation program and marks a deliberate pivot toward selling green power commercially, with a pathway to multi-gigawatt expansion post-2030.GNP — GenusPlus Group won a $110 million lump-sum, turn-key contract to engineer, procure, construct and commission the Koolunga Battery Energy Storage System in South Australia for Equis Development — a 200MW/800MWh system connected to the 275kV Brinkworth Substation, due for completion by September 2027. A meaningful revenue boost for the infrastructure services company.QOR — The Qoria-Aura merger received a significant vote of confidence, with the equity placement upsized to US$100 million from US$75 million, the additional US$25 million funded by Aura’s own founder and major shareholder WndrCo. The implied placement price of A$0.40 per Qoria share represents a 32.4% premium to the 30-day VWAP, and the Qube board unanimously continues to recommend the scheme.PAT — Patriot Resources published a JORC exploration target of 559 to 774 million ounces of silver equivalent at its Tassa project in southern Peru — built on over 20 years of data including 8,500 metres of diamond drilling across 19 mineralised zones. A 4,000 metre drill program is now being advanced to convert the target into a formal resource. If confirmed, Tassa would rank among the largest undeveloped silver systems on the planet.CUV — CLINUVEL cleared a major regulatory hurdle with the European Medicines Agency finalising the design for its pivotal Phase III vitiligo trial of SCENESSE — a 300-patient study set to start in the second half of 2026, using T-VASI50 as the primary endpoint and prioritising darker-skinned patients. This builds on FDA approval secured in April 2025 and growing US commercial momentum.VUL — Vulcan Energy broke ground on its Lionheart central lithium chemicals plant at Infraserv Industrial Park Höchst in Frankfurt, targeting 24,000 tonnes per annum of battery-quality lithium hydroxide monohydrate — enough for approximately 500,000 EV batteries — with a 2028 production start. The ceremony was attended by senior German government officials, backed by the €2.2 billion funding package locked in December 2025.Rapid Fire* SBM — St Barbara formally approved the restart of its Touquoy gold operation in Nova Scotia, with ore processing from stockpiles expected to commence by end of calendar year 2026 and two local contracts supporting nearly 200 new jobs.* MEK — Meeka Metals is acquiring 71 square kilometres of tenements adjacent to the historic Bounty gold mine in WA — which produced 1.2 million ounces at over 5 g/t — with a 20,000 metre drill program to follow, funded from its $50 million cash balance.* AEE — Sweden’s Geological Survey has formally proposed Aura Energy’s Häggån uranium and vanadium deposit as a national interest site, giving it legal protection from competing land uses — a significant milestone for the EU-critical minerals project ahead of a 3 June consultation deadline.* EXR — Elixir Energy booked 662 billion cubic feet equivalent of new gas resources in Queensland’s Taroom Trough, lifting its total certified 2C resource 24% to approximately 3.5 trillion cubic feet equivalent, with more than 50% of the permit still to be drilled.* AWJ — Auric Mining has recruited Gareth Solly — the man who built Black Cat Syndicate from a $6 million IPO into a billion-dollar gold producer — as its incoming CEO, signalling serious ambition to scale the Munda Gold Mine toward mid-tier status.* HUM — The Takeovers Panel revised its orders in the Humm Group saga, replacing a share disposal order against major shareholder TAG with a 6-month voting restriction on 15 million shares and new disclosure obligations around the Credit Corp takeover bid. The EGM must be further adjourned pending those disclosures.* BVR — Bellavista Resources cleared all conditions for its 70% acquisition of the Pickle Crow Gold Project in Ontario, with completion set for Tuesday 29 April alongside settlement of the second tranche of its $35 million placement.ASX Daily Digest · Not financial advice · Price-sensitive announcements only This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thelisteddigest.substack.com