Latest Economic Assessment News

Southern Cross Gold Consolidated Ltd has successfully arranged an upsized C$143 million funding round to fast-track its Sunday Creek Gold-Antimony Project in Victoria, Australia. This capital injection positions the company to advance drilling, underground development, and economic assessments over the coming years.

Southern Cross Gold Consolidated Ltd has successfully arranged a C$143 million private placement, positioning the company to accelerate development of its Sunday Creek Gold-Antimony Project in Victoria, Australia.

Horseshoe Metals Limited has reignited development at its Horseshoe Lights Copper-Gold Project, securing a $4 million convertible loan and entering a strategic agreement with Melody Gold to process gold surface materials, positioning the company for early cash flow and expanded exploration.

Helix Resources has secured conditional agreements to acquire the White Hills copper-gold project and earn a 40% stake in the Gold Basin oxide gold project in Arizona, complementing its Australian assets and setting the stage for a capital raise and drilling campaign.

Riversgold Ltd has exercised its option to increase ownership to 80% in the Kalgoorlie East Northern Zone Gold Project, submitting a mining lease application while delivering significant shallow gold intercepts. Concurrently, its Saint John project in Canada reports high-grade copper, gold, silver, and antimony assays, with drilling approvals secured.

GTI Energy reports positive uranium leach test results at its Lo Herma ISR Uranium Project, confirming mineralisation amenable to alkaline in-situ leach with recoveries around 75%. The company’s scoping study is on track for Q2 2025, supported by updated resource estimates and hydrogeological data.

Green Technology Metals (ASX: GT1) reports a significant lithium resource increase to 30.4 million tonnes and advances key projects in Ontario, while implementing strategic cost controls amid challenging market conditions.

Verity Resources reports significant progress at its Monument Gold Project in Western Australia, confirming a 1.1km gold mineralised strike at Fred’s Well and initiating steps to upgrade its resource base. The company also raised $308k via placement and launched a $1.1 million renounceable rights issue to fund further exploration.

TG Metals Limited has secured an 80% stake in the Van Uden Gold Project in Western Australia, setting the stage for renewed exploration and resource evaluation. The company is poised to unlock near-term production potential through drilling and stockpile assessments.

European Lithium Limited reports a maiden 45 million tonne rare earth resource at its Greenland Tanbreez Project, alongside a $24.5 million capital raise by its majority-owned Critical Metals Corp, underpinning its global lithium and rare earth ambitions.

Rumble Resources advances its Western Queen Gold-Tungsten Project towards late 2025 production through a joint venture with Bain Global and MEGA Resources, while reporting significant high-grade gold and tungsten assay results. The company also expands its portfolio by acquiring 100% of the Thunderstorm Gold Project and initiates a scoping study on the Earaheedy Zinc-Lead-Silver Project.

Southern Cross Gold Consolidated has announced a substantial C$120 million private placement to fund key development phases at its Sunday Creek Gold-Antimony Project, aiming to fast-track drilling, decline construction, and resource expansion.