Latest Development Studies News

West Coast Silver will begin an 18-hole diamond drilling campaign at Elizabeth Hill in October, targeting resource upgrades, western extensions and a newly defined high-grade zone. The results are intended to feed Mineral Resource Estimate updates and a scoping study in 2027.

EcoGraf has strengthened the technical and commercial case for its Tanzanian graphite strategy, including a larger Epanko ore reserve and planned downstream processing. But cash fell to A$3.8 million, and auditors flagged a material uncertainty over the company’s ability to continue as a going concern.

Prospect Resources has taken its flagship Mumbezhi Copper Project to 208.1 million tonnes, while lifting ownership to 90% and securing A$45 million for the next phase of work. The project remains pre-production, leaving the upcoming Scoping Study and further drilling to convert geological scale into an economic case.

Legacy Minerals enters FY2027 with a larger Mt Carrington resource, a positive preliminary development study and fresh drilling underway, but the proposed mine still requires substantial funding. The ASX-listed explorer reported a A$1.85 million FY2026 loss and held A$6.07 million in cash at year-end.

Nexus Minerals has more than doubled its Wallbrook Mineral Resource to 631,000 ounces, lifting group resources to 709,000 ounces across Western Australian projects. The expansion comes alongside a $6.53 million FY2026 loss, falling cash reserves and a post-year-end $5.4 million capital raising.

PTR Minerals has identified water-bearing aquifers at all three paleochannel targets tested at its Rosewood Titanium Project, addressing a key requirement for its proposed gravity-based processing operation. The company has also cleared access for infill drilling and broader exploration in South Australia.

Delta Lithium reported a $13.2 million FY2026 profit after separating its gold assets into Ballard Mining, while advancing lithium projects at Mt Ida and Yinnetharra. The result was supported heavily by demerger-related accounting gains, leaving the next test firmly operational: whether the projects can move towards production.

Solstice Minerals has emerged from FY2026 with a larger exploration story, a A$45.3 million liquidity base and drilling that extends Nanadie beyond its existing resource footprint. The company remains loss-making and pre-production, leaving future value tied to resource growth and exploration execution.

Everest Metals moved Mt Dimer into mining, established a 260,780-ounce Revere gold resource and upgraded its Mt Edon rubidium project in FY2026. Yet the company remains loss-making, has impaired its Mt Dimer development assets and warns that future funding and project cash inflows are needed to support its going-concern assessment.

Bellavista Resources is advancing a 15,000-metre drilling campaign and early development studies at Pickle Crow, while assay results have been pushed into October after Canadian laboratory delays. At Brumby, continuity drilling is complete and CSIRO column leach testwork is being prepared.

Parabellum Resources has established a maiden 4.8 million tonne Mineral Resource Estimate at its Miandetta prospect in central NSW, containing 37,000 tonnes of nickel and 1,920 tonnes of cobalt. The shallow resource is a meaningful exploration milestone, but remains preliminary and relies on several conceptual assumptions.

Antipa Minerals has expanded its Minyari Project resource to 3.6 million ounces of gold equivalent and advanced key pre-feasibility work, including conventional processing and deeper open-pit studies. The progress comes with an auditor-highlighted going-concern uncertainty as the company prepares for further exploration and development spending.