Latest Gold News

Orbminco has completed all on-ground work at its Majestic North gold project in Western Australia and redesigned the first mining stage around three shallow pits. The project still depends on ore sale terms, financing, approvals and a Final Investment Decision before development can proceed.

Citigold has signed a binding joint venture with Native Mineral Resources covering 40 tenements around Charters Towers, including most of its reported Central and Warrior resources. NMR will fund and control proving-up drilling, with a mining decision still dependent on results, approvals and economics.

Native Mineral Resources has secured exclusive exploration and potential mining rights across 40 Citigold tenements surrounding Charters Towers, within trucking distance of its Blackjack plant. The opportunity carries no upfront payment, but nearly all reported ounces remain Inferred and must first survive a new drilling program.

Forrestania Resources has increased the British Hill mineral resource to 286,300 ounces after further drilling returned several high-grade gold intersections. The company has also secured access to up to 750,000 tonnes of third-party ore as it prepares to restart processing at Edna May.

Rox Resources has fired and extracted the first production stope at United North while new drilling returned several high-grade gold intervals, including 5.50 metres at 15.46g/t. Two intercepts sit outside the current mine plan, and construction remains on schedule for first gold in mid-2027.

Forrestania Resources has lifted its relevant interest in Zenith Minerals to 64.67% and begun issuing shares to accepting shareholders as its takeover offer enters its final week. The offer is scheduled to close on 12 November, while Edna May dry commissioning continues ahead of targeted first ore processing in December.

Neometals has more than doubled the estimated gold at its Ironclad deposit to 31,000 ounces, while a revised geological model has lifted the reported grade to 3.9 grams per tonne. The upgrade strengthens a proposed near-term development pathway, but approvals, funding and further drilling remain material conditions.

Many Peaks Minerals has lifted the interim Ouarigue resource at its Ferké Gold Project to 2.077 million ounces, with deeper drilling adding a conceptual underground component. The upgrade strengthens the development case, but much of the growth remains Inferred and metallurgical work is unfinished.

Toubani Resources has reported high-grade RC drilling at Kobada Main and Gosso in Mali, including a 55-metre interval at 3.30g/t gold. The results are being folded into an imminent resource update, while Gosso moves closer to becoming a second satellite ore source for the project.

Maritana Minerals has completed its 119-hole Boorara drilling campaign with broad, high-grade intercepts supporting greater resource confidence and extending mineralisation below the planned southern open pit. The results now move into resource modelling and pit optimisation ahead of a targeted mid-2027 mining restart.

Rox Resources has reported a 4.87-metre intercept grading 15.13g/t gold below the existing Youanmi resource at United North. The early result supports the potential for resource growth and mine-life extension, but four further assays and additional drilling are still pending.

Caprice Resources has declared a maiden 522,000-ounce JORC Mineral Resource at its Island Gold Project in Western Australia, including a 340,000-ounce high-grade component. The resource gives the company a quantified platform for growth, but nearly half the ounces remain Inferred and the project is not yet an Ore Reserve.