Investors are likely to keep an eye on the following small-cap stocks listed on the Australian Securities Exchange.

Morella (ASX:1MC)

Morella secured the Dixon Well project in Western Australia as it expands its portfolio into titanium. An initial site visit confirmed the presence of titanium mineralization in quartz-ilmenite veins, with rock chip assays yielding grades of up to 17% titanium oxide.

Lefroy Exploration (ASX:LEX)

Lefroy Exploration received high-grade gold assays across the Lucky Strike project in Western Australia, supporting the potential for an expanded second stage pit shell design.

BPH Energy (ASX:BPH)

BPH Energy said the originating application in relation to the PEP 11 joint venture with Bounty Oil and Gas (ASX:BUY) is listed for a two-day hearing on Feb. 20 and 23, 2026.

Platina Resources (ASX:PGM)

Platina Resources will conduct exploration activities at its Mt McKenna gold project in Western Australia after receiving cultural heritage clearance from the traditional owners. Drilling is expected to begin in November.

Tempest Minerals (ASX:TEM)

Tempest Minerals started an auger sampling program at its Range project in Western Australia to gather subsurface geochemistry in the southern half of the project area. A reverse circulation drilling program is expected to be conducted before the end of the month.