Small Cap watch: Lindian's new CFO, Far East Gold retains 51% Woyla interest; 'Spectacular' drill results for St George Proactive uses images sourced from Shutterstock

The S&P/ASX Small Ordinaries Index (ASX: XSO) closed at 3,331.30, down 85.60 points or 2.51% on Thursday as we launched into the Easter weekend, while remaining up 27.00 points or 0.82% over the past 5 trading days.

As the market fluctuates, small-cap companies continue to update the market. Today, so far, we've seen executive appointments, project ownership and exploration progress. You can read about the following and more throughout the day.

Lindian bolsters finance leadership

Lindian Resources Ltd (ASX:LIN, OTC:LINIF) has announced the appointment of Derek Bideshi as chief financial officer, effective 6 July 2026. The company said the appointment strengthens its executive capability at a critical phase as it advances the Kangankunde Rare Earths Project through mining, construction and downstream processing initiatives at SARECO. Lindian also announced the promotion of Rajesh Agrawal to general manager, finance, reinforcing depth within the finance function as it transitions to a multi-jurisdictional operating business.

Far East Gold retains 51% Woyla interest

Far East Gold Ltd (ASX:FEG) has provided an update on its interest in the Woyla Project in Aceh, Indonesia. Under the Conditional Share Purchase Agreement, the company had a pathway to increase its ownership stake in the project to 80%, subject to completion of a feasibility study. It had also been working with the vendor on a possible direct pathway to increase its economic interest to 100% without the need for a feasibility study, but said final terms could not be agreed at this stage. FEG will therefore continue to hold a 51% interest in the Woyla Project. No feasibility study has commenced and no further exploration activities will be undertaken at the project for now.

St George reports more Araxá drill results

St George Mining Ltd (ASX:SGQ, FRA:S0G, OTC:SGQMF) has reported further assay results from ongoing diamond drilling at its wholly owned Araxá Rare Earths and Niobium Project in Minas Gerais, Brazil. The company said its around-the-clock drill campaign has been underway for more than six months and is designed to further define and expand the Mineral Resource Estimate. Assay results continue to be received, supporting what St George described as the project’s resource potential and its positioning as a significant rare earths and niobium development opportunity.