Latest Economic Assessment News

Southern Cross Gold has accelerated drilling and underground development at Sunday Creek, spending $32.9 million during the August quarter while cash fell to C$84.0 million. The company remains aimed at a maiden mineral resource in the first quarter of 2027, but poor ground conditions have pushed exploration decline completion back by a month.

Axel REE is moving its Caladão rare earths project into the next technical test: exploratory in-situ recovery work at the Woolrich deposit. The company says bench-scale testing has recovered up to 560ppm soluble TREO, but field performance, groundwater behaviour and project economics remain unproven.

Southern Cross Gold’s latest infill drilling at Sunday Creek has delivered some of its strongest composite intersections, including 2.7 metres at 178.4 g/t gold and 6.8 metres at 49.8 g/t gold. The tighter drilling also extended Golden Dyke west towards Christina and uncovered four vein sets outside the current Exploration Target.

D3 Energy has re-established gas flow at its NGT245 E well in South Africa and confirmed a 5.2% helium composition in a new sample. Further remediation is still required before production testing, while the methane result is being retested.

iTech Minerals has extended the main Sabre gold-antimony shoot to approximately 270 metres below surface, with drilling returning 25 metres at 4.88 g/t gold and 0.85% antimony. A second shoot has also been identified 120 metres to the south, though assays remain incomplete and true widths are yet to be established.

Dreadnought Resources has reported a high-grade shallow gold intercept from a new discovery at Metzke’s North, including 1 metre at 57.1 g/t gold from just 8 metres. Further diamond assays could determine whether the results are enough to expand the 24,900-ounce Metzke’s resource and support mining studies.

GBM Resources has extended high-grade gold mineralisation beyond the current resource boundaries at both the 309 and Lone Sister deposits in Queensland. A further 3,550 metres of assays remain pending ahead of a planned Twin Hills resource update.

BMC Minerals has intersected significant silver, zinc, gold, copper and lead mineralisation in all nine reported holes at the Rhyolite Peak prospect, 1.2km from its proposed ABM mine. Six further assays are pending as the company moves toward completing its 20,000m 2026 drilling program.

Osmond Resources’ preliminary study has put a US$2.31 billion post-tax NPV on its Spanish rare earths and mineral sands project, but the headline economics rest on a scoping-level model and a US$300 million funding requirement. The next test is whether drilling, metallurgy, permitting and financing can turn the attractive concept into a financeable mine.

Xpedra Resources has made Springfield the centrepiece of a sharp shift into New South Wales gold exploration, with drilling outlining broad mineralisation across 400 metres of strike and to at least 150 metres down-dip. The results came alongside a $7.53 million annual loss, $3.09 million in cash and a fresh 44 million-share acquisition of the Neeld Gold Project.

Recharge Metals ended FY2026 with $5.61 million in cash after a $5.97 million capital raise and the acquisition of the Sunset Well gold project. The explorer now faces a sharper test: whether drilling can turn Prospero’s 94,500-ounce inferred resource and its broader exploration portfolio into something more substantial.

Strickland Metals has lifted its Rogozna resource to 9.25 million ounces of gold equivalent, but the exploration company also reported a A$10.39 million FY2026 loss. The cash balance rose sharply after a A$55.11 million placement as the company prepares for studies, permitting and a leadership transition.