Small Cap Watch: Lindian advances Kangankunde, Titan hits high-grade gold-silver and Emyria removes bottlenecks
ProactiveThu, August 20, 2026 at 2:24 AM GMT+3 3 min read
The S&P/ASX Small Ordinaries (ASX:XSO) closed at 3,500.90, down 0.38% or 13.40 points yesterday.
The small-cap benchmark has lost further ground over the past 5 trading days, declining 1.62% or 57.60 points over the period.
Against the softer index backdrop, several companies have delivered project, exploration and operational updates spanning rare earths, gold, copper and healthcare. You can read about the following and more throughout the day.
Lindian Resources keeps Kangankunde on track for Q4 production
Lindian Resources Ltd (ASX:LIN, OTC:LINIF) has maintained its timetable for first production from the Kangankunde Rare Earths Project in Malawi in Q4 2026, as construction, mining and operational readiness activities advance in parallel.
Front-end commissioning is targeted for late October 2026, with practical completion scheduled for November 2026.
The company said the project was transitioning towards commissioning and operations while it continued to build the technical, operational and commercial capabilities required to support Kangankunde.
Lindian is also expanding its operating capability across Malawi, Kazakhstan, Singapore and Perth as it develops an integrated rare earths business incorporating the recently acquired SARECO MREC Processing Facility in Kazakhstan.
Titan Minerals hits 33.5 metres at 6.6 g/t gold
Titan Minerals Ltd (ASX:TTM, OTC:TTTNF) has identified an extensive zone of shear and vein-hosted gold-silver mineralisation during its latest diamond drilling, including a significant intersection of 33.5 metres at 6.6 g/t gold and 55.5 g/t silver from 236.7 metres in hole CVDD26-199.
The northwest-trending mineralised zone was intersected outside the current resource and represents a potential addition to the mineral inventory at the Cerro Verde prospect.
Titan said the shear-hosted style of mineralisation may have been missed by previous drilling because of its orientation, highlighting the potential importance of the broader northwest-trending structural corridor as a conduit for mineralisation.
The company has now planned drilling to define possible repetitions and lateral extensions of the shear-hosted mineralisation, with work expected to begin within the coming fortnight.
Further extensional drilling is planned during 2026 across multiple resource growth targets at Cerro Verde, with results expected to feed into an update to the Dynasty resource in early 2027.
Artemis Resources receives heritage clearance for Cassowary drilling
Artemis Resources Ltd (ASX:ARV, AIM:ARV, OTCQB:ARTTF, FRA:ATY) has moved another step towards maiden drilling at its flagship Cassowary Copper-Gold target within the Madura Project, about 440 kilometres east of Kalgoorlie in Western Australia.
A heritage survey with the Pila Nguru Traditional Owners was underway on 26 June 2026, covering proposed drill sites and access tracks.
Artemis has now received the final heritage survey report, providing clearance for 4 planned drill sites, local access tracks and camp sites.
The clearance represents a key requirement for progressing the Cassowary exploration program towards its maiden drilling campaign.
Artemis is focused on gold, copper and lithium projects in Western Australia.
Emyria removes prescriber bottleneck and recruits 15 therapists
Emyria Ltd (ASX:EMD) has resolved Authorised Prescriber capacity constraints across its Perth and Queensland operations, shifting the focus to therapist availability as the next constraint on increasing treatment volumes.
Recent Authorised Prescriber approvals have removed what the company described as a key bottleneck to further clinical activity, while existing dosing capacity in Perth is now being constrained by Lead Therapist availability.
Emyria said current Lead Therapist capacity was substantially utilised and patient waitlists supported demand for additional treatment capacity.
The company has recruited 15 new therapists who are due to begin training in Perth this Friday, with the majority recruited for its Perth operations.
Of the new recruits, 13, or 87%, meet revised Therapeutic Goods Administration Lead Therapist eligibility requirements. The group comprises clinical psychologists, mental health occupational therapists and mental health nurses.
Emyria is targeting additional dosing availability in Perth during Q4 2026, subject to the new therapists completing training, clinical onboarding, integration and scheduling.
The company expects the enlarged therapist workforce to allow greater use of its existing prescribing capacity and clinical infrastructure, progressively increasing treatment volumes as the recruits complete their training and onboarding.
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