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Breaking news and real-time updates from the ASX small-cap market

CZR Resources and Zuleika Gold Propose All-Scrip Merger of WA Assets
CZR Resources and Zuleika Gold unveil all-scrip WA merger; Zuleika valued at A$44.8m, 32.9% premium; boards unanimously back off-market deal.

Elixir Energy Completes Fracture Stimulation Program at Lorelle-3H Appraisal Well
Elixir Energy completes 12-stage fracture stimulation at Lorelle-3H; flow-back and 30-day gas-condensate production test to gauge commercial potential.

Renascor Resources Identifies Large-Scale Copper Potential at Flat Hill
Renascor flags district-scale copper potential at Flat Hill after review shows widespread mineralisation; plans re-assays, VTEM survey, and new drill targets.

Australian Rare Earths Confirms Koppamurra Economics And Maiden Ore Reserve with PFS
Australian Rare Earths' Koppamurra PFS: A$858m NPV, 99% IRR, 0.9yr payback; maiden ore reserve 26 Mt at 920ppm TREO; A$178m capex.

Racura Oncology Treats First Patient in Harness-1 EGFRm Lung Cancer Trial
Racura Oncology starts Harness-1 Phase 1 with first patient dosed for RC220 + osimertinib in EGFR-mutant NSCLC; early safety data awaited.

Inoviq Announces Rapid Tumour-Killing Activity in Study of CAR-Exosomes on Ovarian Cancer Cells
Inoviq CAR-exosomes show rapid in vitro ovarian cancer killing, ~90% in OVCAR-3/Caov-3 within 48 hours, eyeing first-in-human trials by 2028.

Orcoda Signs Multi-Year Logistics Contract with Wellcamp Accommodation
Orcoda seals multi-year $8m/yr logistics deal with Wellcamp Accommodation, using Contractor360 AI platform; growth upside in mining, resources.

Echo IQ and Pro Medicus Join Forces to Market Echosolv Cardiac Platform to US Healthcare Sector
Echo IQ and Pro Medicus announce up to $20m investment to market EchoSolv HF AI cardiac platform in the US; reseller deal to accelerate adoption.

Li-S Energy Ships First Commercial Lithium Foil Order following QMS Certification
Li-S Energy ships its first Australian-made lithium foil order after ISO 9001:2015 certification, opening a new domestic revenue stream for LIS.

Xpedra Resources Unearths Emerging Gold System at Springfield with Maiden Drilling Campaign
Xpedra Resources hits broad, shallow gold at Springfield in maiden drilling; 44m at 2.03g/t incl 7m at 4.04g/t and new depth-extension program underway.

Alligator Energy: The Samphire surge and South Australia’s ISR uranium advantage
Alligator Energy's Samphire ISR uranium resource climbs 67% to 30 Mlbs U3O8; BFS slated mid-2027, SA's Samphire poised for district-scale development.

Golden Globe Resources Deploying Modern AI to Unlock District-Scale Copper-Gold Systems
Golden Globe Resources Dooloo Creek drill discovery 7.38m @0.55% Cu and 0.46 g/t Au, signaling district-scale copper-gold prospects amid copper deficit.