Latest Feasibility Studies News

Wia Gold has moved Kokoseb from exploration into a proposed mine development backed by a 1.95 million ounce Probable Ore Reserve, A$217 million in equity raised since May and indicative US$360 million debt terms. The funding pathway is substantial, but it still depends on permits, lender approvals and final documentation before construction can fully proceed.

Globe Metals and Mining has completed a bullish bankable feasibility study for its Kanyika niobium project, but the company still needs substantial funding to reach production. A proposed Sinomine transaction and a September mining-development deadline add urgency to the next phase.

Cavalier Resources has lifted the Crawford Gold Project’s Stage 1 NPV by about 50% to A$77.2 million, while drilling supports extensions beyond the planned starter pit. But the annual report also flags a material uncertainty over going concern, with proposed project financing still subject to definitive documentation.

Lake Resources has reduced Kachi’s estimated capital cost by US$220 million and outlined a 25-year, 25,000-tonne-per-year operation. But the lithium developer still needs further funding, environmental approval, offtake and a final investment decision before construction can begin.

Advanced Engineered Materials is forecasting a sharp lift in second-half sales as its Quebec high-purity alumina operation moves from qualification work towards commercial production. The larger prize is a possible 6,000-tonne-per-year expansion, but that plan still depends on feasibility, financing and final investment approval.

AIC Mines is paying $120 million for the Mt Cuthbert copper project in northwest Queensland, funded partly by a $70 million placement to Hawke’s Point. The deal would add 246,000 tonnes of contained copper to the group’s resources, but comes before Mt Cuthbert has a single Ore Reserve.

VBX has secured $4.5 million in firm placement commitments and agreed to convert a further $2.5 million of loan notes, giving the Wuudagu bauxite project funding through its delayed feasibility study. The company has also abandoned a proposed $10 million offtake-linked facility while it tests alternative development funding options.

Strategic Energy Resources (ASX:SER) narrowed its FY26 loss and lifted cash to $1.84 million while advancing four Queensland copper-gold projects with Fortescue and Sumitomo. But auditors flagged a material uncertainty over the explorer’s ability to continue as a going concern, leaving future funding central to the investment case.

Orbit Resources enters FY2027 with a 17.52Mt Lewis Ponds resource, a preliminary study pointing to a A$481 million pre-tax NPV and a new polymetallic sulphide discovery outside the existing resource. The gains come with familiar junior-miner constraints: a A$3.49 million annual loss, A$3.69 million in cash and further funding still required.

QMines has reported a broad 44-metre copper intersection and high-grade zinc-lead-gold-silver mineralisation from six holes at Mt Chalmers. The results support ongoing Definitive Feasibility Study work, while a hole ending in copper mineralisation and upcoming barge drilling add further exploration interest.

Aurum Resources has secured A$52.5 million from institutional investors to begin long-lead procurement and other early works at its Boundiali gold project before the definitive feasibility study is complete. The raise strengthens the balance sheet, but also adds 95.45 million shares ahead of two major technical milestones.

Investigator Silver has begun a fully funded 30,000-metre drilling campaign at its Paris Silver Project in South Australia, targeting resource growth and extensions beyond the current mine plan. Assay results will arrive progressively, making the next few months a test of whether recent high-grade hits can translate into a larger, higher-confidence mineral inventory.