Winners and Losers: Golden week for SA miner
New soil sampling results have been dubbed a “gamechanger” for a growing SA mining firm, but the list of locally-based companies has shrunk with a tech company relocating to Sydney.
“Exceptional” soil sampling results from earth at iTech Minerals’ Reynolds Range exploration site in south-west Northern Territory shot shares in the company up by more than 15 per cent last week.
The company, based at Forestville, said sampling of soil returned “exceptional” results for gold and antimony, validating the company’s decision to do field testing as a low-cost tool compared to laboratory tests.
“These results are a gamechanger for how we explore at Reynolds Range”, iTech Minerals managing director Mike Schwarz said.
“The process has demonstrated that pXRF (field-portable testing) soil geochemistry gives us reliable, real-time vectors to gold-antimony mineralisation in the field, at a fraction of the cost and turnaround time of laboratory-only programs.
“The survey has already identified a new zone of mineralisation at Falchion.”
He said the results were encouraging ahead of further assessment of the exploration site: “With 13 kilometres of prospective structures identified in the recently flown drone magnetics, and the broader 42-kilometre Stafford Gold Trend beyond that, we now have a tool that lets us screen this enormous search space quickly and effectively”.
Despite making no announcements in the week, Stelar Metals was the biggest riser of the SA companies – up 20 per cent – followed by Orbminco – up 18.18 per cent.
And the 2026 financial year’s top-performing company, Fortifai, was last week’s biggest Loser, sliding 21.60 per cent.
Meanwhile, the SA index lost a company, with tech firm Spacetalk moving its head office to Sydney.
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The full list of Winners and Losers for the week ended July 10, 2026:
Data courtesy of Baker Young Limited analysts.
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