Small Cap Watch: Alkane Strong Quarter, Hancock Takes 51% Stake in Titan's Linderos, Lightning Advances Warby Tungsten
The S&P/ASX Small Ordinaries Index gained 0.27% amid volatile commodity markets. Alkane Resources produced 42,491 gold-equivalent ounces in the June quarter, generating A$174 million in operating cash flow, with FY2026 production of 168,337 ounces. Hancock Prospecting subsidiary Hanrine completed its earn-in milestone for the Linderos Copper Project in Ecuador, acquiring a 51% interest after spending US$20 million and drilling 10,000 meters in under two years. Lightning Minerals completed phase two exploration at its Warby Tungsten Project in North Queensland, advancing toward drill target selection. Saturn Metals was granted a key mining lease for its Apollo Hill Gold Project in Western Australia, supporting development of the 2.83-million-ounce resource.
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