I’ve been keeping an eye on how artificial intelligence continues to make its presence felt in the small-cap space on the ASX. While AI is often associated with big tech names, the more interesting stories—at least for those of us with a curious, investor-focused mindset—are often found in the places where commercial traction is building quietly.

Wide Open Agriculture Ltd (ASX: WOA) has announced the successful extraction of high-purity lupin oil from initial processing trials (Figure 1). The milestone represents a significant technical and commercial step forward, offering both a new revenue stream and a path toward maximising the full value of its lupin feedstock.

The Calmer Co. International Limited (ASX: CCO) has delivered a standout FY25 performance, underpinned by strong revenue growth and strategic product expansion. With a preliminary unaudited revenue result exceeding AU$8 million—an 86% increase on FY24—the company continues to gain traction as a leader in the natural relaxation and alcohol-alternative space.  

EQ Resources Ltd (ASX: EQR) has released preliminary results from XRT ore sorting trials at its Wolfram Camp Project, revealing encouraging recovery and upgrade outcomes that reinforce its ambition to develop a regional tungsten hub in Far North Queensland.

AML3D Limited (ASX:AL3) is forging ahead on its expansion strategy with significant strides into both the United Kingdom and United States defence markets. A recent A$0.83 million contract with BAE Systems UK marks a strategic entry into the UK defence supply chain, with AML3D sourcing 8.5 tonnes of Nickel Aluminium Bronze (NAB) feedstock to support BAE’s feasibility program.

There’s a quiet revolution happening in the world of legumes. While soybeans have long commanded attention on the global protein stage, lupins are now making their case—quietly, steadily, and with substance. For the discerning investor or agronomist, this is more than a trend. It’s an opportunity to get ahead of the curve.

Mesoblast Limited (ASX:MSB; Nasdaq:MESO), the recognised global developer of allogeneic cellular medicines, has released an important update that reflects both regulatory momentum and commercial progress across its core programs in inflammatory diseases.

Announcement Completion of Acquisition and Operational Update Avira Resources Ltd (ASX: AVW)  has made a number of announcements over the...

There’s a quiet but growing narrative forming around Western Australia’s West Arunta region—one that has evolved significantly since the Luni carbonatite discovery by WA1 Resources (ASX: WA1). Tali Resources Ltd (ASX: TR2) now enters the market, aiming to contribute to that story in a meaningful way.

DY6 Metals (ASX: DY6) is pushing forward on multiple fronts across its African exploration portfolio, with material updates out of Malawi and Cameroon. The company is advancing a three-pronged strategy that spans gallium and rare earths at the Tundulu Project in Malawi, and natural rutile and heavy mineral sands (HMS) across the Central Rutile and Douala Basin Projects in Cameroon.  

Marimaca Copper Corp (ASX: MC2 | TSX: MARI) has reported a significant breakthrough in its exploration campaign at the Pampa Medina area, situated 28km east of the Marimaca Oxide Deposit (MOD) (Figure 1). The standout result is a spectacular 6m at 12.0% Cu within a broader intercept of 26m at 4.1% Cu in hole SMRD-13. These new high-grade copper sulphide hits redefine the scale and geological potential of this manto-style, sediment-hosted system—something that is rarely seen i

icetana Limited (ASX: ICE) is not a company looking to make headlines—it is one steadily building a global business in the high-growth AI surveillance sector.