To start the trading week, the Australian Securities Exchange (ASX) saw a number of miners rising and falling yesterday (29 September) as we near the final quarter of 2025.
After announcing its plans to acquire Hastings Technology Metals’ (ASX:HAS) gold assets in Western Australia, Metal Bank (ASX:MBK) jumped 46.66% to trade at $0.022 per share.
As reported by Mining.com.au, the companies entered a binding sale agreement for a total consideration of $2 million paid to Hastings, and an additional $300,000 to be paid to privately held Great Western Gold.
This agreement follows on from a September non-binding agreement which covered assets including the Whiteheads Gold Joint Venture, Ark Gold, and Darcy’s projects.
Metal Bank, which has a market capitalisation of $7.46 million, is a copper and gold-focused explorer with a portfolio of assets across Australia and Saudi Arabia.
Helix Resources (ASX:HLX) doubled its value, now trading at $0.001, with no recent news to reflect the difference.
The company, which has a market capitalisation of $5.34 million, last week appointed Kevin Lynn as executive director and CFO, as reported by Mining.com.au .
The news reflects an inner-company promotion for Lynn, who was already serving the company as a non-executive director.
Helix Resources is an explorer focused on furthering its portfolio of copper and gold assets in both Australia and the US.
Finally, Alchemy Resources (ASX:ALY) has also seen a jump in value, climbing 28.57% to trade at $0.009 per share.
The company has not released any news to reflect this market attention.
Alchemy Resources is a gold, base metal, and nickel-cobalt explorer focused on growth through the development of its portfolio of projects across Australia.
Falling miners
On the other side of the ASX’s upward momentum sits miners including Bastion Minerals (ASX:BMO) with a 33.33% drop to a share price of $0.001.
The company, which has a market capitalisation of $3.3 million, has similarly not released any news for the fall to be attributed to.
Bastion Minerals is an Australian early stage explorer focused on the discovery of copper, gold and green metals across its portfolio of assets in Australia, Canada, Chile, and Sweden.
Desert Minerals (ASX:DM1), meanwhile, fell 21.43% to $0.011.
The company announced final drilling results from the King Kong prospect within the greater Adzope Gold Project in Côte d’Ivoire.
The majority of the remaining five drillholes intersected gold mineralisation greater than 1m @ 0.5 grams per tonne gold.
The company noted that the remaining holes did not perform as well as the previous results, which featured 17m @ 7.5g/t gold from 262m, including 23.1g/t gold from 262m; and 3m @ 20.6g/t gold from 114m, including 1m @ 35.6g/t gold from 114m.
Desert Minerals is a gold and lithium explorer focused on uncovering discoveries in the desert regions of Australia and North America.
Juno Minerals (ASX:JNO) fell 16.66% to trade at $0.025 per share.
This market attention does not appear to be connected to any news released by the company.
Juno Minerals, which has a market capitalisation of $6.27 million, is a Perth-based explorer with two iron ore development projects in the Yilgarn region of Western Australia.
Write to Maddison Elliott at Mining.com.au
Images: Alchemy Resources, Metal Bank & Bastion Minerals
