Latest Development Studies News

Skylark Minerals has more than tripled the Inferred Resource at its Zaranou Gold Project to 1.20 million ounces and agreed to lift its ownership to 90% for US$1.2 million. The stronger project position arrives alongside A$2.3 million in cash and a disclosed 0.9-quarter funding runway, with a proposed capital raising now central to the next drilling campaign.

Ark Mines’ updated Sandy Mitchell study outlines a 26-year rare earths and heavy minerals operation with a post-tax NPV of A$883 million. The economics are substantial, but depend on refined garnet pricing, uncommitted funding, further approvals and metallurgical work.

Desert Minerals has reaffirmed a 264.9 million tonne JORC lithium resource in Nevada while reporting follow-up gold results from its Mt Monger drilling campaign. The explorer ended September with A$3.399 million in cash and an estimated 5.2 quarters of funding at the quarter’s spending rate.

Auravelle Metals has extended the anomalous gold trend at Nuckulla Hill beyond 3km, with aircore intersections reaching 10m at 1.4g/t gold. But the explorer ended September with $1.3 million cash and estimates only 1.9 quarters of funding, leaving further capital raising firmly in the frame.

Sentinel Metals has completed its first 15-hole Columbia drilling program, with fire assays confirming a broad high-grade intercept and extending mineralisation beyond the existing pit shell. The company will now turn to a November Mineral Resource update while advancing its newly acquired 1.01Moz Big Springs project in Nevada.

Athena Resources has completed its Narryer drilling campaign, reporting concentrate grades above the company’s stated direct-reduction benchmark and bringing forward a potential maiden resource estimate to the December 2026 quarter. The exploration progress comes with only A$1.382 million in cash and an estimated 1.06 quarters of funding at quarter end.

Odyssey Gold has outlined a potential 79,000-ounce first-stage development at Tuckanarra, backed by a 451,000-ounce resource and fresh high-grade drilling. The project’s path to production remains conditional, however, with the replacement toll milling agreement unresolved and only A$3.027 million in cash.

Terra Metals has expanded its Southwest PGM-Cu-Ni discovery to approximately 1,350 metres of strike after drilling 76,000 metres, with a maiden Mineral Resource Estimate targeted for Q1 2027. The company ended September with A$57.9 million in cash, while more than 40,000 samples remained awaiting assay.

Great Boulder Resources has completed more than 57,000 metres of drilling across Peak Hill and Side Well during the September quarter, with high-grade results supporting potential resource growth. The ASX-listed explorer ended the period with A$12.3 million in cash and no debt as it works towards a Peak Hill resource update by year-end.

Everest Metals has built Mt Dimer’s ROM stockpile to more than 142,000 tonnes while advancing toll processing, a Revere development study and a strategic review of its Mt Edon rubidium project. The company ended September with A$4.1 million in cash, leaving execution and funding as the next tests.

High-Tech Metals has entered the December quarter with a 47% increase in the Mt Fisher Mineral Resource, $8.9 million in cash and a Wagtail development study approaching completion. The company now faces the harder test of converting resource growth into a credible production pathway.

Fortuna Metals has completed deeper drilling beneath its large inferred Mkanda rutile-graphite resource, returning broad mineralised intersections and a peak rutile grade of 3.43%. The company ended September with A$11.43 million in cash as it moves towards further resource definition and technical studies.