Georgina Energy (GEX) said further to the Company’s announcement of 30 October 2025, concerning the receipt of formal approval from the Western Australian Department of Mining, Petroleum and Explorationto drill the Hussar Prospect in EP513.
The drilling approval allows Georgina Energy via its 100% wholly owned subsidiary, Westmarket Oil and Gas Pty Ltd, to extract Helium, Hydrogen and Natural Gas from the Hussar Prospect. GEX said “The Company can now proceed to extract Helium, Hydrogen and Natural Gas from the Hussar Prospect, one of the largest un-tested structures onshore in Australia.”
Comment: It is interesting to see the contrast between the strong newsflow that GEX is delivering and the way that on such news rallies to date in the stock are still slapped down by the powers that be. One wonders how long such a state of affairs will continue?
Blencowe Resources Plc (BRES) announced the final assay results from its Stage 7 drilling programme at its Orom-Cross graphite project in northern Uganda. These results mark the completion of the infill drilling phase and they provide the last data required to finalise the JORC Resource and Reserve update, which is a key input into the Definitive Feasibility Study (DFS) due for completion by December 2025. BRES said “These results follow the strong Camp Lode assays reported earlier this month, which confirmed a series of high-grade, near-surface zones ideal for early-stage mining and cash flow generation. Together, these deposits provide both high-grade starter feed and long-life scalability, strengthening overall project economics and underpinning a robust mine plan for Orom-Cross.”
Comment: The DFS timeframe for the end of this year is a decent point of focus for the market and of course the share price. Indeed, while we have the shares already up 81% YTD, one would be looking for a move to 8p -9p by the end of 2025, which represents 5 year highs for BRES.
Helium One Global (HE1), the primary helium explorer in Tanzania with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA, provides an update following the Blue Star Helium (ASX: BNL) announcement issued today regarding the Galactica Project. Construction has commenced on the production facility pad and gathering system. First helium production on schedule for December 2025.
Comment: Given that we hardly ever hear about progress for HE1 in Tanzania, it is just as well we have the prospect of imminent production in the U.S., something which has already been dragging the share price higher in recent weeks.
GreenX Metals Limited (GRX) presented its Quarterly Activities Report for the period during and subsequent to 30 September 2025. The company highlighted a historical estimate of 728,000 tonnes of contained copper at an average grade of 2.6% at the Tannenberg Copper Project. A later historical estimate from 1984 showed consistent grades of 2.1% copper plus 25 g/t silver with 169,000 tonnes of contained copper and 6.5 million ounces of silver. An airborne magnetic and radiometric survey identified deep metal source structures below the historic Richelsdorf mines, which produced 416,500 tonnes of copper at grades of between 0.8 and 1.2%. The company was awarded approximately £252 million under the BIT and £183 million under the ECT. Cash and cash equivalents at the end of the period were A$3,754,000.
Comment: Of course, the London market being the London market, it has been able to ignore the massive award that GRX has been on the receiving end of, and simply looking at the day to day operational side of the rest of the group.
Sovereign Metals Limited (SVML) reported on progress at its Kasiya Rutile-Graphite Project for the quarter ended September 30, 2025. The Japanese government launched a US$7 billion initiative focused on the Nacala Logistics Corridor, Kasiya’s preferred transport route. Geotechnical investigations were completed, confirming favorable subsurface conditions. Mining fleet design is complete for large-scale dry mining operations across the initial 25-year mine life. Rehabilitation trials at Kasiya achieved a 5x crop yield improvement. The U.S. Commerce Department announced 93.5% preliminary anti-dumping duties on Chinese graphite imports, highlighting Kasiya’s potential as a non-Chinese graphite producer with US$241/t incremental cost of production. The company’s cash and cash equivalents at the end of the period were A$42.854 million.
Comment: The market has certainly not given SVML any of the credit in terms of the ongoing operational the company has made, or the change in the lay of the land since the China supply crunch we have seen this year, and which is set to become even more of an issue for critical minerals supply.
Mkango Resources: One Of The Most Compelling Recovery Stories On The Small-Cap Markets This Year.
genedrive plc (GDR), the point-of-care pharmacogenetic testing company, updated regarding discussions with David Nugent, a 16% shareholder in the Company including via a limited company. Since the Company’s general meeting on 15 October 2025 the Company has continued to engage constructively with David Nugent around financing options for the Company and to this end he has recently indicated a willingness to make a direct cash injection into the Company by way of a loan of up to £1 million on terms to be agreed between the parties. Whilst there can be no certainty that this additional funding will be received the Company welcomes this indication of potential additional financial support from David Nugent and further announcements will be made in due course.
Comment: It would appear that David Nugent is in the box seat as far as being the sugar daddy for GDR, something which if the recent share price surge is anything to go by, the market is expecting to materialize.
Fresnillo (FRES) announced that it has entered into a definitive arrangement agreement with Probe Gold Inc. to acquire 100% of the issued and outstanding shares of Probe for an all-cash consideration of CAD$3.65 per Share. The total equity value of the Transaction is approximately CAD$780 million, (approx. US$560 million) on a fully diluted basis.
Comment: Given that FRES is flush with cash, it is perhaps not surprising that the company does not mind paying top dollar at the top of the market for a smaller rival. Indeed, it is a reminder that many companies have valuations that have not caught up with the new reality of 2025.
Coral Products (CRU), a specialist in the design, manufacture and supply of specialist plastic products based in Wythenshawe, Manchester, today announced its results for the year ended 30 April 2025. CRU said “The results for the first five months of this year are encouraging, trading ahead of expectations and benefiting from the excellent operational and commercial progress made in H2 2025. Having restored stronger foundations and organisational structure, we consider the Group to be strategically well-positioned for sustainable growth in our key operating divisions and market sectors.”
Comment: Given that we have a stock market full of BTC plays and AI, it is refreshing to see a real nuts and bolts business in turnaround mode, which the management looks to have successful tweaked in recent months.
Thor Energy PLC (THR) reported on its activities for the Quarterly period July to September 2025. THR said “This past quarter, covering July through September 2025, has been fundamentally transformative and strategically important for Thor Energy. We have successfully achieved several major corporate milestones, sharpening our focus entirely on high-potential natural hydrogen and helium exploration, while simultaneously strengthening our balance sheet through the strategic monetisation of legacy assets.”
Comment: THR is one of many small cap resources plays that has been helped by the rising tide in the space as the world scrambles to rid itself of dependence on China for critical minerals. The shares are set to deliver their first positive year in three for 2025.
Disclaimer & Declaration of Interest:
The information, investment views, and recommendations in this Zaks Traders Cafe interview are provided for general information purposes only. Nothing in this interview should be construed as a promotion or solicitation to buy or sell any financial product relating to any companies under discussion or referred to or to engage in or refrain from doing so or engage in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the commentator but no responsibility is accepted for actions based on such opinions or comments. The commentators may or may not hold investments in the companies under discussion.
