Small Cap Watch: Novo advances Tibooburra, plus quarterlies from Pantoro, Sovereign, Titan and more...

The S&P/ASX Small Ordinaries Index (XSO) edged 3.7 points, or 0.11%, higher on Wednesday to close at 3,326.50, although the benchmark remains 44.5 points, or 1.32%, lower over the past five trading sessions.

Meanwhile, quarterly season is in full swing as several more explorers and developers outline drilling programs, stronger operating plans and major project milestones across gold and critical minerals assets.

You can read about the following and more throughout the day.

Novo prepares Tibooburra drilling

Novo Resources Corp (TSX:NVO, OTCQX:NSRPF, ASX:NVO, FRA:1NOR) is preparing to begin a 2,700-metre reverse circulation drilling program at the Tibooburra Gold Project in New South Wales during late September quarter 2026, subject to regulatory and landholder approvals.

The program will include about 1,700 metres at the Clone prospect and 1,000 metres at Pioneer South.

Novo will also continue regional stream sediment sampling, mapping and surface sampling during the second half of 2026 to identify new gold anomalies, expand its exploration pipeline and prioritise targets for future drilling.

Pantoro outlines FY27 growth plans

Pantoro Gold Ltd (ASX:PNR, OTC:PNTOF, FRA:RKN) produced 18,028 ounces of gold from its Norseman operation in Western Australia during the June quarter, with 16,366 ounces sold at an average price of A$6,293 per ounce.

Quarterly all-in sustaining costs were A$4,107 per ounce, generating EBITDA of A$44.8 million.

Drilling continued to con...