Latest Feasibility Studies News

Canterbury Resources is advancing two sizeable Queensland copper projects, but its FY2026 annual report puts the company’s funding position firmly in the spotlight. The explorer ended June with $220,503 in cash and a material uncertainty over its ability to continue as a going concern.

Volt Resources has secured a $1.5 million placement to fund its Alabama high-purity graphite refinery study, advance pilot work and reduce debt. Almost half the raise is subscribed by two directors, although their participation still requires shareholder approval.

Southern Palladium’s updated study has lifted the Bengwenyama project’s post-tax NPV to US$1.96 billion, driven by sharply improved chrome recovery and a stronger commodity price deck. The project still needs a definitive feasibility study, permits, funding and commercial offtake arrangements before those figures can be tested in development.

Maronan Metals has secured firm commitments for a $20 million placement to expand drilling and bring forward engineering, permitting and metallurgical work at its Queensland project. The raise is conditional on shareholder approval, with Kinterra Capital set to lift its interest to 22.99%.

Astral Resources has intersected broad, high-grade gold below the current Theia resource pit shell while extending mineralisation about 150 metres south. The results strengthen the exploration case beneath the planned open pit, although a resource or reserve increase has not yet been announced.

Rumble Resources has renewed attention on its Earaheedy zinc-lead-silver project, pointing to a 94Mt inferred resource and metallurgical work that produced a 61% zinc-plus-lead bulk concentrate. The company is now testing separate concentrates and seeking strategic partners, but the project remains short of a definitive development case.

Turaco Gold has reported one of its strongest Woulo Woulo intercepts, with 56 metres at 3.87g/t gold including 16 metres at 10.19g/t. The results extend a high-grade structural shoot beneath the existing resource and trigger another six-hole deep drilling campaign.

Minerals 260 says 320 grade-control holes at Bullabulling have delivered results consistent with its 6.2Moz resource model, while infill drilling returned standout grades at Phoenix and Bacchus. The next test is whether these higher-grade zones prove continuous enough to influence mine planning and the definitive feasibility study.

Wia Gold has extended several underground targets at Kokoseb after 18,476 metres of diamond drilling returned broad and high-grade gold intercepts. The results strengthen the geological case for growth beyond the project’s maiden 0.56 million ounce underground inferred resource, although the larger exploration target remains conceptual.

Wildcat Resources ended September with A$76.1 million in cash after completing the first tranche of a A$60 million placement, giving it room to push Tabba Tabba towards its definitive feasibility study. Drilling also continued to expand Bolt Cutter Central ahead of a maiden resource targeted for Q4 2026.

Metro Mining shipped 659,000 wet metric tonnes of bauxite in September, but a collapsed sand bank and workforce disruption have put its 2026 volume guidance under review. Channel repairs are under way, while the company works on longer-term dredging options with Ports North.

Ballard Mining has secured A$45 million from institutional and sophisticated investors, giving its 1.84 million ounce Mt Ida project funding for drilling, infrastructure and development studies. A further A$5 million shareholder offer could take the raise to A$50 million, although the SPP is not underwritten.