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May 27, 2025

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WIN Metals Ltd (ASX: WIN) (“WIN” or “the Company”) is pleased to announce an Exploration Target for the high-grade Golden Crown gold deposit, part of the Company’s Butchers Creek.

Highlights

  • WIN has defined an Exploration Target for Golden Crown of 400kt to 700kt tonnes between 2.4g/t to 3.2g/t Au for 23,000oz to 73,000oz of gold. This is in addition to the current Inferred Mineral Resource Estimate (MRE) of 400kt @ 3.1g/t Au for 38,000oz of gold1
  • The Exploration Target is supported by the successful 2024 drilling campaign, which tested mineralisation below current Inferred Resource at Golden Crown including2:
    • 24BCRC014 – 6m @ 10.85g/t Au (140m below MRE)
    • 24BCRC012 – 5m @ 3.63g/t Au (95m below MRE)
  • WIN remains focused on growing shareholder value through low-cost, high-impact drilling at the high-grade Golden Crown, complementing the recently announced 2025 Butchers Creek MRE update of 5.23Mt at 1.G1g/t Au for 321,000oz of gold
  • Heritage clearance results for the 2025 field program have now been received with no impediments to proposed drilling activities
  • Preparation work is underway to support a G,000m drilling program, with drilling scheduled to commence in July 2025

The potential quantity and grade of the Exploration Target is conceptual in nature and, as such, there has been insufficient exploration drilling conducted to estimate a Mineral Resource. At this stage it is uncertain if further exploration drilling will result in the estimation of a Mineral Resource. The Exploration Target has been prepared in accordance with the JORC Code (2012). This exploration target is exclusive of the 2021 Golden Crown Mineral resource estimate of 400kt at 3.10g/t Au for 38,000oz of gold.

Gold Project (“BCGP”) located in the East Kimberley region of Western Australia. The BCGP currently contains a global Mineral Resource of 5.63Mt @ 1.98g/t Au for 359,000oz of gold.

The Golden Crown Exploration Target, which lies below the current Inferred Resource, is estimated at between 400kt to 700kt @ 2.4g/t to 3.2g/t Au, representing an additional 23,000oz to 73,000oz of gold beyond the current MRE.

WIN Metals Managing Director and CEO, Mr Steve Norregaard, commented:

“The establishment of an Exploration Target at the high-grade Golden Crown gold deposit following our highly successful 4-hole drilling program late in 2024 marks another important milestone in WIN’s strategy to unlock value from the project. The potential for additional gold at Golden Crown represents a compelling resource growth opportunity that could see Golden Crown be a meaningful satellite producer complementing the main Butchers Creek body of mineralisation.

With a very targeted, low-cost exploration approach this supports our vision of becoming the next gold producer in Kimberley region of WA. The upcoming S,000m drill campaign is designed to test the potential and deliver further value to shareholders through disciplined, high-impact exploration. We’re suitably enthused by what lies ahead.”

Exploration Target Basis

During WIN’s 2024 drilling campaign, 4 holes for 873m were drilled at Golden Crown demonstrating the resource growth potential. In aggregate, 159 holes for 12,570m have been drilled at Golden Crown along the lightly tested 2km strike.

Highlights from WIN’s drilling included:

  • 6m @ 10.85g/t Au from 253m in hole 24BCRC014 (140m below the Mineral Resource)
  • 5m @ 3.63g/t Au from 222m in hole 24BCRC012 (95m below Mineral Resource)
  • 2m @ 6.00g/t Au from 130m in hole 24BCRC013 (25m below Mineral Resource)

The Golden Crown Exploration Target was generated using the following parameters:

  • Mineralised envelopes have been remodelled at Golden Crown using Micromine software, with the new intercepts included at Golden Crown North from all holes drilled at the deposit
  • A 0.3g/t Au cut-off was applied to constrain the mineralisation envelopes
  • Mineralisation envelopes have been extended up to 250m below surface (130m RL) and extended a maximum of 60m radii along strike from a mineralised intercept
  • Volume of the mineralisation envelopes were converted to tonnage using a factor of 2.71t per cubic meter, consistent with the April 2025 MRE update for Butchers Creek
  • Upper and lower grade ranges were calculated at ±15% of the current MRE for Golden Crown of 3.10g/t Au. The southern extension mineralisation envelope, which was not modelled nor reported in 2021 MRE, has been assigned the average composite grade
  • Upper and lower tonnage ranges were calculated at ±15% of the updated mineralisation envelopes
  • The Exploration Target output range was rounded to the nearest 1,000oz to reflect the conceptual nature of this calculation

Heritage Clearance for 2025 Drilling Programme

All drilling proposed in the 2025 heritage survey has been approved by the Koongie Elvire Traditional Owners Group following the completion of a heritage survey in April. This approval enables WIN to accelerate its 2025 drilling programme, focusing on growing the Golden Crown resource and testing the EIS co-funded exploration target, Ganymede3.

Future Work

The 2025 field season has commenced with reconnaissance work underway, now both heritage survey and the necessary clearances have been received. The drilling program will primarily focus on resource growth at the Golden Crown gold deposit, with 9,000m of drilling planned to commence in June/July 2025. An updated MRE for Golden Crown is expected later in 2025.

Location and Project History

The Golden Crown gold deposit is within exploration licence E80/4976, which is 4.5km north of the Butchers Creek gold mine and 30km southeast of Halls Creek in the Kimberley region of Western Australia. The project is accessible via the Duncan Road that connects the BCGP to the town of Halls Creek and the Great Northern Highway.

Click here for the full ASX Release

This post appeared first on investingnews.com

Antilles Gold Limited (“Antilles Gold” or the “Company”) (ASX: AAU) advises that 50% owned Cuban joint venture mining company, Minera La Victoria SA, and a major global commodities trading house have signed two off-take agreements for the purchase of the gold concentrates and the copper/gold concentrates to be produced by the Nueva Sabana mine (“Nueva Sabana Mine”).

The proposed payables for metals outlined below are 12% higher for the gold concentrate, and the same for the copper/gold concentrate, that were included in the Nueva Sabana Pre-Feasibility Study (‘PFS’), the results of which were advised to ASX on 13 January 2025, together with the production schedule and target specifications for the two concentrates on market-based terms

Additional details on the commercial arrangements include the following:

  • For each offtake, provisional payment of 90% of provisional value of the concentrate 5 business days after shipment from the port of loading and buyer’s receipt of various original documents;
  • For each offtake, final invoice shall be issued after final assays, weights and prices are known, and final Payment shall be made within 5 business days of buyer’s receipt of the final invoice, less the provisional payment;
  • For each offtake, shipment to be approximately even spread throughout the calendar year in minimum bill of lading parcels of ~1,000dmt of concentrate (estimated to be equivalent to around two weeks of production from the Nueva Sabana Mine);
  • For each offtake, no minimum or maximum volume commitments; and
  • For each offtake, there are defined events of default which give rise to certain rights, including the right to suspend and/or terminate the offtake agreements.

The counterparty is a major global commodities trading house with a diverse portfolio including substantial interests in metals and minerals and an annual group revenue in excess of billions of dollars. The Company confirms that it does not consider the identity of the counterparty to be information that a reasonable person would expect to have a material effect on the price or value of the Company’s securities. The Company confirms that this announcement contains all material information relevant to assessing the impact of the off-take agreements on the price or value of the Company’s securities, and is not misleading by omission.

LISTING RULE CONFIRMATION

The Company confirms that all material assumptions underpinning the production target and the forecast financial information derived from the production target in the revised MRE for Nueva Sabana advised to ASX on 2 October 2024 continue to apply and have not materially changed.

The Company also confirms that it is not aware of any new information or data that materially affects the information included in previous market announcements and all material assumptions and technical parameters underpinning the mineral resources in the 13 January 2025 market announcement continue to apply and have not materially changed.

The Chairman of Antilles Gold, Mr Brian Johnson, commented“finalisation of the concentrate off-take agreements is a major step forward in arranging financing for the Nueva Sabana project, and positive negotiations are progressing with potential lenders for the construction of the mine.

The mine is fully permitted, and the aim is to finalise the financing within the next 3 months to allow construction commencement, with commissioning 12 months later”.

Click here for the full ASX Release

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Monday (May 26) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$109,039 as markets closed, up 1.2 percent in 24 hours. The day’s range for the cryptocurrency brought a low of US$109,003 and a high of US$110,162.

Bitcoin performance, May 26, 2025.

Chart via TradingView.

Ethereum (ETH) finished the trading day at US$2,540.88, a 0.7 percent increase over the past 24 hours. The cryptocurrency reached an intraday low of US$2,534.30 and saw a daily high of US$2,567.88.

Altcoin price update

  • Solana (SOL) closed at US$174.15, up 1.1 percent over 24 hours. SOL experienced a low of US$174.12 in the final minutes of trading and reached a high of US$178.07.
  • XRP is trading at US$2.31, reflecting a 0.2 percent increase over 24 hours. The cryptocurrency reached a daily low of US$2.30 and a high of US$2.33.
  • Sui (SUI) peaked at US$3.47, showing a decreaseof 1.9 percent over the past 24 hours. Its lowest valuation on Monday was US$3.59.
  • Cardano (ADA) is trading at US$0.7549, up 0.9 percent over the past 24 hours. Its lowest price of the day was US$0.7547, and it reached a high of US$0.7688.

Today’s crypto news to know

Could soaring debt send Bitcoin to US$1 million by 2030?

Prominent voices are calling for US$1 million Bitcoin by the end of the decade, a Cointelegraph post shows.

ARK Invest CEO Cathie Wood sees Bitcoin hitting US$1.5 million by 2030 in a high-conviction ‘bull case’ scenario, driven upward by institutional adoption and the coin’s unique monetary properties.

Robert Kiyosaki has echoed the million-dollar prediction, linking it to surging US debt and potential economic collapse, which he says will push investors to safe-haven assets like Bitcoin, gold and silver.

“I strongly believe, by 2035, that one Bitcoin will be over US$1 million, Gold will be US$30,000, and silver US$3,000 a coin,” the financial author posted on X, formerly Twitter, in mid-April.

“We have been quite bullish over the last five or six weeks. We have been bearish coming out of the Trump inauguration in February, but we turned quite bullish,” 10x Research CEO Markus Thielen told Cointelegraph on May 22.

If momentum continues, 2025 could mark Bitcoin’s most aggressive bull run to date. Still, volatility remains a key wildcard, especially as political and macroeconomic dynamics evolve.

Trader behind US$1 billion Bitcoin bet goes all in on PEPE memecoin

Pseudonymous trader ‘James Wynn,’ better known as “moonpig” on the decentralized exchange Hyperliquid, has become one of the most talked-about crypto traders after flipping from a billion-dollar Bitcoin bet to a US$1 million leveraged bet on memecoin PEPE. Days ago, Wynn closed a US$1.2 billion Bitcoin long position with a US$17.5 million loss, then doubled down on a US$1 billion short position using 40x leverage, netting US$3 million as Bitcoin dipped.

After posting about US$25 million in total profit from his trading spree, Wynn announced he’s walking away from perpetual trading. This type of trading involves derivatives contracts without an expiry date.

His latest PEPE trade, however, has already gained US$500,000 as the token jumped 6 percent in just a few hours.

The on-chain transparency of Wynn’s trades has captivated X users, turning him into a meme icon.

Strategy acquires more Bitcoin, faces legal challenges

Michael Saylor’s Strategy (NASDAQ:MSTR) has acquired an additional 4,020 BTC.

They were purchased between May 19 and 23 for US$427.1 million, as per a Monday announcement. These latest purchases were made at an average price of US$106,237 per BTC.

This marks Strategy’s fourth Bitcoin acquisition in May, bringing its total holdings to 580,250 BTC, acquired for approximately US$40.6 billion at an average price of US$69,979 per coin.

This Bitcoin acquisition occurred after Strategy director Jarrod Patten sold 2,650 Strategy shares worth nearly US$1.1 million between May 16 and 21, according to a report filed by Strategy on May 22.

Meanwhile, Strategy’s shares were down by over 10 percent last week, falling after a class-action lawsuit filed on May 16 alleged the misrepresentation of Bitcoin investments. The plaintiffs are seeking to recover losses for shareholders purportedly affected by securities fraud between April 2024 and April 2025.

Trump Media’s potential US$3 billion crypto acquisition plan

Trump Media and Technology Group (NASDAQ:DJT) is planning to raise US$3 billion to buy Bitcoin and other cryptocurrencies, according to a Monday report from the Financial Times.

According to the report, which cites six anonymous insiders, Trump Media is aiming to raise US$2 billion in fresh equity and another US$1 billion through a convertible bond.

ClearStreet and BTIG are among the brokers that could serve as underwriters on the deal.

The official announcement could come during Bitcoin 2025, taking place in Las Vegas this week. US Vice President JD Vance, Donald Trump Jr. and Eric Trump are expected to make appearances, along with David Sacks. The Bitcoin 2024 conference, which was held in Nashville, was where Trump made a highly publicized announcement about making the US the crypto leader of the world, a major turning point for his engagement with the crypto community.

Neither the Trump administration nor representatives for Trump Media have confirmed the story.

Musk starts X Money beta testing

Elon Musk has begun beta testing of X Money, a payment and banking app he is building into his social media platform X. The news was confirmed via social media post on Sunday (May 25) from an account called Tesla Owners Silicon Valley, which is not owned or operated by Musk or by Tesla (NASDAQ:TSLA); however, Musk confirmed the test, writing that access will be “very limited” due to the “extreme care” that must be taken with users’ savings.

The features and functionalities of X Money during this initial beta testing phase remain undisclosed, but integration of a payment and banking app into X represents a significant step toward Musk’s vision of an “everything app.’

Pakistan to dedicate 2,000 MW to Bitcoin mining, AI infrastructure

Pakistan’s finance ministry announced that it will allocate 2,000 megawatts (MW) of electricity to power Bitcoin-mining and artificial intelligence data centers. The initiative is being spearheaded by the government-backed Pakistan Crypto Council and is part of a national plan to monetize surplus electricity and modernize the economy.

Officials say the plan will not only alleviate grid imbalances, but also create tech-focused jobs and attract foreign investment. This marks one of the most ambitious state-backed crypto infrastructure moves by a developing country.

If successful, it could help position Pakistan as a regional hub for digital assets and artificial intelligence development. It also comes amid wider energy reforms aimed at revitalizing the nation’s troubled power sector.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Brazil’s President Luiz Inácio Lula da Silva was diagnosed with labyrinthitis Monday after suffering from vertigo, hospital officials said.

The 79-year-old leftist leader has already returned to the country’s presidential residence, where he is resting.

The Sirio-Libanes Hospital said in a statement that Lula underwent imaging and blood tests, and its results came within normal limits. Labyrinthitis is an inflammation of the labyrinth in the inner ear, which is responsible for hearing and balance.

The health scare adds to Lula’s recent medical worries, which are also part of his allies’ concerns ahead of his likely bid for reelection next year.

The most serious is a fall he had in the bathroom of the presidential residence in Brasília on Oct. 19.

Almost two months later, he was transferred to São Paulo for surgery after suffering headaches caused by new a bleeding in his head.

He was discharged Dec. 15.

This post appeared first on cnn.com

Hong Kong’s first locally born giant pandas have finally been named and introduced as Jia Jia and De De.

The names of the cubs, affectionately known as “Elder Sister” and “Little Brother,” were announced Tuesday in a ceremony at Ocean Park, the theme park housing them, their parents and two other giant pandas that arrived from mainland China last year.

The names were the winning suggestions from residents in a naming contest that drew more than 35,700 entries.

The Chinese character “Jia,” from the female cub’s name “Jia Jia,” carries a message of support and features an element of family and a sense of auspicious grace. The name embodies the prosperity of families and the nation and the happiness of the people, the park said.

The Chinese character “De,” from the male cub’s name, means to succeed, carrying the connotation that Hong Kong is successful in everything. De also has the same pronunciation as the Chinese character for virtue, the park said, suggesting giant pandas possess virtues cherished by Chinese people.

Ocean Park chairman Paulo Pong said they followed tradition by using Mandarin pronunciation for the pandas’ English names. He said “Jia” sounds like a word in the Cantonese term for elder sister, while “De De” sounds a bit like the Cantonese phrase for little brother. Cantonese is the mother language of many Hong Kongers.

“It’s a very positive pair of names,” he said. “We have to be a bit creative here with the names.”

The twins’ birth in August made their mother, Ying Ying, the world’s oldest first-time panda mom. Their popularity among residents, visitors and on social media raised hopes for a tourism boost in the city, where politicians touted the commercial opportunities as the “panda economy.”

Observers are watching whether housing six pandas helps the park revive its business, especially when caring for the animals in captivity is expensive. Ocean Park recorded a deficit of 71.6 million Hong Kong dollars ($9.2 million) last financial year.

The park recorded a nearly 40% growth in visitor flow and 40% increase in overall income during a five-day holiday beginning May 1 in mainland China, said Pong, who hopes the growth momentum will continue through summer, Halloween and Christmas seasons.

Pandas are considered China’s unofficial national mascot. The country’s giant panda loan program with overseas zoos has long been seen as a tool of Beijing’s soft-power diplomacy.

This post appeared first on cnn.com

Germany and other Ukrainian allies have lifted restrictions on Kyiv firing long-range missiles into Russia for the first time, the German chancellor said Monday, after days of Russia bombarding the capital and other regions with massive aerial attacks.

It marks a significant change in approach from key allies, which until now had largely resisted Ukraine’s requests to use Western-supplied weapons deep inside Russia.

“There are no longer any range restrictions on weapons supplied to Ukraine,” German Chancellor Friedrich Merz said at a European forum in Berlin on Monday. “Neither from the British, nor from the French, nor from us. Nor by the Americans.”

“In other words, Ukraine can now also defend itself by attacking military positions in Russia, for example,” he added.

The announcement comes in the wake of record-breaking drone and missile attacks on Ukraine over the weekend. Russian President Vladimir Putin is facing international pressure to accept a ceasefire deal, including from US President Donald Trump, who has grown increasingly frustrated by the slow progress.

Merz was appointed chancellor several weeks ago – and his declaration stands in stark contrast with his predecessor Olaf Scholz, who had repeatedly rejected Ukraine’s calls to lift the restrictions.

However, Merz did not say whether Germany would supply Ukraine with its powerful long-range Taurus missiles – something he had supported when Scholz was still in power, Reuters reported.

The United States lifted its restrictions last November, with former President Joe Biden authorizing Ukraine to use the US-supplied long-range Army Tactical Missile Systems, or ATACMS, inside Russia.

But that, too, was a controversial decision that took months of discussion to reach. The US refused to even provide ATACMS to Ukraine for the first two years of the war, only delivering the missiles for the first time in April 2024. Some American officials worried about escalating the war, now in its fourth year, while others worried about the Pentagon’s dwindling weapons stockpiles.

Russia has openly threatened that any lifting of restrictions on long-range weapons would mean war with NATO. Putin has warned the West that Moscow would consider any assault supported by a nuclear power to be a joint attack – and that Russia could use nuclear weapons if it was struck with conventional missiles.

Kremlin spokesperson Dmitry Peskov slammed Merz’s announcement on Monday, saying the lifting of restrictions was “rather dangerous,” according to Russia’s state-owned news agency TASS.

“If such decisions are made, they will absolutely go against our aspirations to reach a political settlement and the efforts being made within the framework of the settlement,” he said, according to TASS.

Ukraine’s President Volodymyr Zelensky is expected to visit Berlin on Wednesday, Reuters reported, citing several sources.

Russia’s attacks over the weekend killed more than two dozen people, including children, as Ukraine urged Western allies to continue pressuring Moscow to end the war.

“Without really strong pressure on the Russian leadership, this brutality cannot be stopped,” Zelensky said on Sunday.

Trump on Monday voiced increasing frustration with Putin, saying the Russian leader had “gone absolutely crazy” – while also criticizing Zelensky’s statements as causing “problems.”

Pressure is also building from within Trump’s Republican base, with a number of congressmen – including Sens. Chuck Grassley and Lindsey Graham, and Reps. Brian Fitzpatrick and Don Bacon – urging the president to impose stringent sanctions on Russia.

“It is a time for honesty. Peace talks are having zero effect on Putin,” Bacon wrote on X. “The US and allies must arm Ukraine to the teeth.”

This post appeared first on cnn.com

India’s defense minister has approved a framework for building the country’s most advanced stealth fighter jet, the defense ministry said on Tuesday, amid a new arms race with Pakistan weeks after a military conflict between the neighbors.

Indian state-run Aeronautical Development Agency, which is executing the program, will shortly invite initial interest from defense firms for developing a prototype of the warplane, envisaged as a twin-engine 5th generation fighter, the ministry said.

The project is crucial for the Indian Air Force, whose squadrons of mainly Russian and ex-Soviet aircraft have fallen to 31 from an approved strength of 42 at a time when rival China is expanding its air force rapidly. Pakistan has one of China’s most advanced warplanes, the J-10, in its arsenal.

Militaries of nuclear-armed neighbors India and Pakistan faced-off in four days of fighting this month, which saw use of fighter jets, missiles, drones and artillery by both sides before a ceasefire was announced by US President Donald Trump.

It was the first time both sides utilized drones at scale and the South Asian powers are now locked in a drones arms race, according to Reuters’ interviews with 15 people, including security officials, industry executives and analysts in the two countries.

India will partner with a domestic firm for the stealth fighter program, and companies can bid independently or as a joint venture, the defense ministry said in a statement, adding that the bids would be open for both private and state-owned firms.

In March, an Indian defense committee had recommended including the private sector in military aircraft manufacturing to shore up the capabilities of the Indian Air Force and reduce the burden on state-owned Hindustan Aeronautics Ltd, which makes most of India’s military aircraft.

Air Chief Marshal Amar Preet Singh has previously criticized Hindustan Aeronautics for slow delivery of light combat Tejas aircraft, a 4.5 generation fighter, which the firm blamed on slow delivery of engines from General Electric GE.N due to supply chain issues faced by the US firm.

This post appeared first on cnn.com

India’s financial capital and one of its largest cities has experienced its wettest May in more than a century, with the unusually early arrival of the monsoon season causing a ferocious weekend downpour that turned roads into rivers and flooded a newly inaugurated underground train station.

Mumbai, a city of more than 12 million, has recorded more than 400 millimeters of rainfall this month so far, according to data from the Indian Meteorological Department (IMD), with much of the downpour arriving late last weekend.

The deluge caused chaos and delays across transport networks, including at the newly inaugurated Worli Metro Station.

Video published by local media outlets showed travelers wading knee-deep in flood water, water gushing down a station staircase, and water leaking heavily from the ceiling onto a train platform.

India’s $4 trillion economy is heavily dependent on the monsoon, which brings rains that farmers depend on to support the country’s agricultural sector, which employs nearly half of the country’s 1.4 billion people.

The rains, which usually arrive in June and last through September, are needed to grow crops, irrigate farmland and replenish India’s reservoirs. But this year’s early arrival has caused havoc across Mumbai, India’s finance capital and home to its vaunted Bollywood film industry, flooding roads and submerging cars.

Some experts say that global warming is increasing the variability of India’s monsoon rains faster than previously projected.

The onset of the southwest monsoon in Mumbai on May 26 is the earliest advancement over the city since 1950, Nair said.

Each year the monsoon causes chaos across Mumbai, particularly for commuters travelling on its hectic, overcrowded public transport system.

Last year in May, heavy rains caused a huge billboard to collapse, killing at least 14 people and injuring dozens more.

Prime Minister Narendra Modi inaugurated the Worli Metro station just earlier this month, part of his ambitious plan to modernize India’s aging transport network and transform the country’s infrastructure to achieve his goal of turning it into a developed nation by 2047.

Further rains are forecast for the region this week, the IMD said, potentially causing further flooding.

The southern state of Kerala over the weekend also saw an unusually early arrival of the monsoon, bringing some respite after experiencing days of an unrelenting heatwave.

Indian capital New Delhi last week also experienced widespread rain, lightning, and thunderstorms, causing a canopy at the city’s airport to collapse from waterlogging.

This post appeared first on cnn.com