Resources Top 5: Cazaly cops speeding ticket as gold, silver and rare earths keep on truckin’

• CAZ responds to ASX price query  
• LSR acquires suite of rare earth claims near Mountain Pass mine in US 
• PVT raises $5.4m and reaches a 12-month high 

Your standout small cap resources stocks for Monday, October 27, 2025.

Cazaly Resources (ASX:CAZ)

Strong gold prices and positive initial coverage from East Coast Research have been attributed by Cazaly Resources (ASX:CAZ) as reasons for an increase in the price and volume of securities in response to an ASX speeding ticket.

In a price and volume query, the ASX asked the company to explain the change in share price from a close of 2.9c on October 23, 2025, to an intraday high of 4.7c today as well as an increase in the volume of CAZ’s securities traded.

CAZ stated: “The Company expects that, given the Company’s gold and rare earth projects, some of the recent strength in its share price may be a result of the strength in both the gold and silver price which are trading at (or near) new all-time highs (both in Australian and US dollar terms) and recent rare earth news.”

East Coast Research has initiated coverage of the company, which has “exposure to high-grade gold, copper, and critical minerals across tier-one jurisdictions in Australia, Canada, and Namibia”

A midpoint 12-month target price of 8.9c was nominated by East Coast, “which represents a ~179.2% upside from the current share price”.

“Its flagship Goongarrie Gold Project in Western Australia’s Eastern Goldfields anchors the portfolio, positioned along the prolific Bardoc Tectonic Zone – one of Australia’s most productive gold corridors,” East Coast wrote. 

“Supported by the Halls Creek Copper-Gold Project in the Kimberley and advancing rare earth projects at Carb Nb-REE (Canada) and Abenab North (Namibia), Cazaly is strategically placed to capture growth from both traditional gold demand and the accelerating global shift toward electrification and critical minerals.”

It said the flagship Goongarrie project had delivered thick, high-grade intersections, reinforcing its strong growth potential in one of the world’s leading gold-producing regions. 

The Halls Creek project added copper, zinc, and silver within the mineral-rich Halls Creek Mobile Zone. 

At the same time, Carb Nb-REE in Ontario and Abenab North in Namibia provided exposure to rare earths, niobium, vanadium and base metals giving Cazaly solid global exposure and robust metal diversification.

“Using a SOTP-based valuation methodology, we value Cazaly at a midpoint target of

A$0.089/share. This implies a Price/NAV ratio of 0.36x and offers a substantial 179.2% upside for potential investors,” East Coast concluded.

Pivotal Metals (ASX:PVT)

Raising $4.25m in a placement and another $1.1m through Canada’s flow-through share scheme resulted in Pivotal Metals (ASX:PVT) hitting a 12-month high of 2.5c, a lift of 38.89% on the previous close and the company has climbed from 0.7c at the ASX close on October 1.

The placement attracted high-conviction institutional support and was anchored by well-known Australian resources investor Matthew Latimore who will join the register as a substantial holder. It saw significant scale-backs applied.

These funds will enable the company to accelerate exploration, including drilling, at the Belleterre project in Quebec, Canada.

Drilling at Belleterre is scheduled to start in December and at the top of the work schedule is the newly defined Alotta conductor.

Terrain Minerals (ASX:TMX)

Multi-element assaying of holes at Lightning prospect of its Smokebush project in WA’s Murchison region has added silver potential to previous gold results.

Assays from the first seven of 22 holes in recently completing drilling returned: 

• 21m at 15.79g/t Ag from 105m including 1m at 70.59g/t from 108m and 1m at 60g/t from 124m; and 
• 17m at 17.88g/t Ag from 147m including 4m at 48.8g/t from 151m.

Earlier assaying of the same holes had returned high-grade gold including 22m at 2.87g/t Au from 105m and 17m at 8.13g/t from 147m.

The results reinforce a possible relationship between gold and silver mineralisation.

Lodestar Minerals (ASX:LSR)

Throwing its hat into the rare earths ring in the US sent Lodestar Minerals (ASX:LSR) soaring 52.29% up in early trading to a 12-month high of 5.9c before finishing slightly higher at 4.1c on strong volume.

The company is acquiring Arizona Mountain Passage Heavy Rare Earths after entering an option agreement with Globex Mining Enterprises on September 3, 2025.

This gives Lodestar 23 mineral claims held by Globex Nevada Inc and collectively identified as the Virgin Mountain heavy rare earth project. 

This project contains high concentrations of the more valuable heavy rare earth elements including dysprosium, terbium and lutetium, as well as yttrium, ytterbium, gadolinium, holmium, erbium and thulium.

It also hosts the valuable elements of neodymium and praseodymium, which are highly sought after for the defence, magnets, semiconductor and clean energy sectors.

Virgin Mountain is on the border of Nevada and Arizona in a region of advanced infrastructure near the REE-producing Mountain Pass Mine of MP Materials Inc, which has a US$12bn market cap.

This region has seen substantial investment to further advance downstream processing for rare earth elements.

Upcoming work will include additional surface sampling, geological mapping, geophysical surveys and data review to determine the full extent of mineralisation. 

Mineralogical and metallurgical testwork will also be completed to ensure REEs can be economically liberated.

Additionally, Lodestar will pursue end-user discussions to establish a downstream pathway.

LSR has also brought Coraline Blaud, who’s spent the past three years in senior roles at Lodestar and previously at Kingwest Resources, onto its board as an executive director. 

She brings 10 years of experience in the resources sector, with a strong track record in exploration management, strategic development, and corporate governance.

Juno Minerals (ASX:JNO)

Completing the sale of Mount Mason DSO hematite project in WA to Gold Valley Yilgarn has benefited Juno Minerals (ASX:JNO) with the $6m proceeds augmenting cash reserves and the 2% FOB royalty providing an income stream.

After reviews and optimisations, the company considered it was unlikely to develop Mount Mason considering the capital expenditure required for what is a small standalone project.  

It will, however, add to and complement Gold Valley’s production from Wiluna into their established supply chain to the Port of Esperance. 

Juno proposes to use sale proceeds to maintain its Mount Ida magnetite project and explore new opportunities.

Mount Ida has a resource of 1.85Bt at 29.48% Fe on a granted mining lease and is the largest magnetite resource in the Yilgarn.

This article does not constitute financial product advice. You should consider obtaining independent financial advice before making any financial decisions. While Pivotal Metals and Terrain Minerals are Stockhead advertisers, they did not sponsor this article.