Each one in plain English, with the numbers worked through for a shareholder.
19 Oct 2026drilling result▲ Good
More eastern-zone infill results, including 35.2m at 4.8% Nb2O5 and 38.1m at 4.0%. Drilling totals 93,000m; 41 holes still awaiting assays. Resource update targeting a first Measured Resource moves to Q1 CY2027 (from late 2026); PFS due this quarter.
29 July 2026drilling result▲ Good
Eastern-zone infill holes returned more high-grade niobium, including 21.4m at 7.4% Nb2O5 and 38.0m at 3.8%. Luni airstrip is now commissioned with direct flights. Drilling totals 90,000m; a resource update targeting a Measured component is planned later this year; PFS still Q4 CY2026.
14 May 2026resource reserve update▲ GoodMajor
Updated resource lifts the Indicated portion by 20 Mt to 93 Mt at 1.32% Nb2O5, with a 35 Mt high-grade subset at 2.57%. Total resource is unchanged at 220 Mt at 1.0%. Indicated share is now 57% of contained niobium; Ore Reserve is the next target.
3 Mar 2026drilling result▲ Good
New holes next to the western Indicated resource include 93.1m at 2.1% Nb2O5 and 6.5m at 6.6%. All data inputs for the resource update are now in, with release expected in the June quarter. Rain delayed the airstrip to next quarter; company says critical path is unaffected.
9 Jan 2026drilling result▲ Good
Southern infill holes returned high-grade niobium, including 9.4m at 9.3% Nb2O5 and 16.0m at 5.6%. Eastern aircore holes extend mineralisation over 400m beyond the resource envelope. 35,000m drilled in 2025 (85,000m total); updated resource still targeted for 2026.
17 Nov 2025drilling result▲ GoodMajor
Best Luni hole yet: LUDD-0167 returned 67.3m at 5.4% Nb2O5, including 30.0m at 9.8%. Step-out holes east of the current resource boundary found extensions, such as 73m at 1.8%. Drilling now exceeds 83,000m; resource update still planned for 2026.
9 Oct 2025drilling result▲ Good
Infill assays in the eastern Indicated area include 11.7m at 6.0% Nb2O5 and 29m at 3.0%. Over 80,000m now drilled. An updated resource is now targeted for 2026, and airstrip clearing has begun as the first pre-development site works.
30 June 2025resource reserve update▲ GoodMajor
Updated Luni resource is 220 Mt at 1.0% Nb2O5, up 10% from 200 Mt, with a first Indicated portion of 73 Mt at 1.38%. High-grade subset is 53 Mt at 2.2%. This delivers the maiden Indicated target; 46% of contained niobium is upgraded.
15 May 2025drilling result▲ Good
Final batch of 2024 assays from west and south Luni includes 11.3m at 12.7% Nb2O5 and 36.4m at 4.9%, plus 11.3m at 4.0% rare earths. Drilling passes 60,000m. Updated resource now expected in June.
17 Apr 2025drilling result▲ Good
Final east Luni assays from 2024 drilling include 19.3m at 3.4% Nb2O5 and 11m at 3.9%. Total drilling passes 55,000m. Updated resource, targeting a maiden Indicated component, is now expected late in the June quarter.
21 Feb 2025drilling result▲ GoodMajor
East Luni assays define an exceptionally high-grade zone, including 28.5m at 6.6% Nb2O5 and 27.9m at 5.5%. This is the area targeted for early development. Drilling has restarted with two more rigs planned; updated resource still due first half 2025.
13 Jan 2025drilling result▲ Good
Southern and western Luni assays include 100m at 1.9% Nb2O5 and 5m at 7.5%. Drilling now totals about 50,000m. The updated resource, now aiming for a maiden Indicated category, is expected later in the first half of 2025.
14 Nov 2024drilling result▲ Good
New north-east Luni assays add high-grade niobium, including 25m at 4.4% Nb2O5 and 75m at 1.9%. About 180 holes and 18,000m drilled this year. Site work will pause once drilling for the updated resource, still targeted for first half 2025, is done.
23 Oct 2024drilling result▲ GoodMajor
New Luni assays add high-grade niobium, including 20m at 6.4% Nb2O5 (LUSD-0006) and 66m at 2.2%. Southeast rare earths hit 27m at 3% TREO. Three rigs are running; the updated resource is now targeted for the first half of 2025.
1 July 2024resource reserve update▲ GoodMajor
Maiden Luni Inferred resource of 200 Mt at 1.0% Nb2O5, including a high-grade 53 Mt at 2.1%. It covers weathered material from 30m to 190m depth, excludes fresh rock, and is open at depth. Delivered on the June-quarter timetable; more drilling targets Indicated status.
3 June 2024drilling result▲ Good
Last assays needed for the initial Luni resource are in, with intercepts such as LUDD23-007 35m at 2.2% Nb2O5 and 40.1m at 3.2% (to end of hole). Resource reporting is on schedule for late June; two rigs keep drilling.
26 Apr 2024drilling result▲ Good
Final 2023 extensional assays widen Luni to the east, e.g. LUDD23-025 72.7m at 1.5% Nb2O5. Southeast hole LURC23-093 also hit 7m at 10% rare earth oxides, the best rare earth result so far. Two rigs are running; resource still due this quarter.
28 Mar 2024drilling result▲ Good
Luni assays include the best niobium hole to date, LUDD23-013 at 34m at 4.8% Nb2O5 (incl. 16m at 7.9%), in the north-east. Results continue the shallow high-grade blanket; the initial resource is still on schedule for the June quarter.
21 Feb 2024drilling result▲ Good
Central and western Luni infill assays continue the high-grade blanket, e.g. LURC23-125 23m at 4.3% Nb2O5 and LURCD23-115 124.5m at 1.2%. Drilling restarts, with a second rig due in April. Clovis Sousa joins as niobium processing advisor; resource still due June quarter.
2 Feb 2024drilling result▲ Good
Western Luni assays extend and infill the high-grade zone, e.g. LURC23-240 17m at 3.8% Nb2O5 and LURC23-236 120m at 1.0%. Results from 125 holes reported. Diamond drilling restarts this month, metallurgical testwork has begun, and the maiden resource is still expected in Q2 2024.
20 Dec 2023drilling result▲ Good
Assays from six-hole P2 reconnaissance program, 30km west of Luni, include PARC23-007 114m at 0.5% Nb2O5 and PARC23-006 18m at 0.6%. Mineralisation extends 1km east of the 2022 discovery hole; company says P2 may be a future satellite to Luni. Grid drilling is planned.
11 Dec 2023drilling result▲ Good
Luni central-zone assays close the gap between the western and eastern high-grade zones, e.g. LURC23-069 50m at 2.0% Nb2O5 (incl. 13m at 4.9%). First diamond hole LUDD23-001 hit 31.1m at 2.4%; LURC23-174 12m at 3.0% supports the deeper southeast zone. Drilling paused until 2024.
8 Nov 2023drilling result▲ Good
100m-spaced infill holes in eastern Luni confirm continuity of the high-grade blanket, e.g. LURC23-157 30m at 4.7% Nb2O5 and LURC23-141 15m at 3.3%. Nearly 26,000m drilled this year; maiden resource still targeted for H1 2024, and drilling pauses in early December.
26 Oct 2023drilling result▲ GoodMajor
Luni's best broad step-out result yet: LURC23-002 returned 31m at 4.6% Nb2O5, with LURC23-066 41m at 2.8% about 400m west of LURC23-015. This widens the high-grade footprint in the southwest. Drilling continues toward the maiden resource.
26 Sept 2023drilling result▲ Good
New Luni assays 400m west of earlier holes, including LURC23-013 16m at 2.0% Nb2O5, extend the shallow high-grade zone to over 2km east-west. First 100m infill hole LURC23-110 hit 7m at 3.1%. Over 20,000m drilled, with 10,000m more planned this year.
28 Aug 2023drilling result▲ Good
LURC23-102 returned 17m at 2.0% Nb2O5 within 114m at 0.7%, 400m east of LURC23-045, extending the high-grade zone to about 2km. More drilling nearby is planned and further assays are expected in coming weeks.
21 Aug 2023drilling result● NeutralMajor
New Luni assays show continuity of a shallow high-grade niobium blanket now about 1.5km long, e.g. LURC23-078 10m at 4.0% Nb2O5 within 37m at 2.3%. The maiden resource slips from Q4 2023 to the first half of 2024, and assay delays are noted.
2 Aug 2023drilling progress report▲ Good
The four-hole P2 program is finished. Field observations show carbonatite in three holes (PARC23005-07) with a weathering profile like PARC003, and the intrusion is interpreted at about 2.5km x 1.0km. Assays are pending; more P2 drilling is being planned.
18 July 2023drilling spud▲ Good
A four-hole RC program has started at P2, 32km west of Luni, where 2022 discovery hole PARC003 hit 54m at 0.62% Nb2O5. Passive seismic and gravity surveys are done to guide targeting; Luni drilling remains the key focus.
29 June 2023drilling result▲ Good
More 200m step-out holes extend Luni's high-grade niobium up to 400m in several directions, including LURC23-045 with 41m at 2.4% Nb2O5. It remains open in all directions. Drilling is near 10,000m this year with 68 RC and 4 diamond holes done.
