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Junior explorer Nimy Resources (ASX: NIM) has completed a maiden diamond drilling campaign at the Mons nickel project in Western Australia (reports Small Caps).

Scoping work has pointed to RareX’s Cummins Range rare earths project in Western Australia costing in the order of A$430 million to develop and having an NPV of $633 million (reports MiningNews).

After a worse than-expected US inflation reading, there was one asset class which did better than most this week by largely holding its ground – gold (reports Tim Treadgold on Small Caps).

Smashed gold stocks beckon contrarian investors. And there’s plenty of M&A fever in the mix … think Gold Road-De Grey, Red 5-Genesis-St Barbara-Bellevue-Northern Star etc.

Sharp share-price rises by lithium stocks were rare highlights in a down week dominated by investor concern about how high interest rates might have to rise before central banks are confident that they have tamed inflation.

TNG has appointed Pilbara Minerals founder Neil Biddle as its non-executive chairman as it prepares to transition towards development of its Mount Peake critical minerals project (reports Stockhead).

BlackEarth has big plans to become a major graphite supplier to the lithium battery industry, with a scoping study underway to build a plant to convert the graphite from its Maniry project in Madagascar to battery anode material (reports Stockhead).

Decades after the giants pulled out of Okiep copper mining hub, Orion Minerals has put a restart on the fast track with the Industrial Development Corporation South Africa pledging to stump up almost half of the initial capital required (reports MiningNews).

Catalyst Metals’ four-rig diamond core drilling program within its Henty gold mine in Tasmania has delivered bonanza grades from multiple locations as the miner gets ready to deliver a new resource estimate (reports MiningNews).

Newly minted gold producer Red 5 has expanded both its mineral resource and ore reserve at the King of the Hills mine near Leonora (reports The West Australian).