Latest Feasibility Study News

Deep Yellow reported a A$13.3 million FY2026 profit and moved its Tumas uranium project closer to a targeted fourth-quarter investment decision. The company remains debt free, but acknowledges it will need external capital to fund construction.

True North Copper has lifted the contained copper inventory across its Cloncurry Copper Project by approximately 18% through a larger Mongoose-Taipan resource. The update gives the late-2026 pre-feasibility study a bigger technical base, but it remains a mineral resource rather than an economic reserve.

Turaco Gold has confirmed depth and strike extensions at the Begnopan deposit in Côte d’Ivoire, including several high-grade gold intersections from the first 69 holes of a 113-hole program. The results could support a resource classification upgrade and eventual inclusion of Begnopan in Afema’s ore reserve, but no revised resource or reserve has yet been published.

Cazaly Resources will replace managing director Tara French with mining executive Adrian Byass from 8 October, while launching a review of its exploration portfolio. Byass will receive a $325,000 annual salary and may be granted up to 7 million performance rights, subject to approval and conditions.

Tungsten Mining has produced saleable tungsten concentrate grading up to 65.9% WO3 from its Watershed project in Queensland, confirming the conventional processing route planned for its DFS. Marketing samples have now been sent to potential offtakers, although no binding agreements have been signed.

Volt Resources has secured US$5.4 million in fully government-funded support for its US graphite refinery and customer application centre. The award is positive for project funding, but the company’s ASX securities remain suspended as it works with the exchange to satisfy reinstatement requirements.

Pursuit Minerals has secured environmental approvals to relocate its pilot plant to Rio Grande Sur and drill a new 500-metre hole at Demasía. The company has also applied to build commercial-scale evaporation ponds for its planned 5,000-tonne-per-year operation, although that approval remains outstanding.

Trek Metals has secured a nine-month option to acquire the 154-claim Matrix Manganese Project in Arizona for a total potential cash consideration of A$200,000. The deal offers a low-cost route into a US critical-minerals opportunity, but carries a significant related-party consideration because CEO Derek Marshall owns about 66.67% of the vendor.

Latrobe Magnesium is shifting its growth priority to a proposed 50 ktpa magnesium plant in South Carolina, backed by 32 ktpa of non-binding customer interest and a 20-year feedstock agreement. The project carries substantial indicative economics, but still needs funding, site acquisition, feasibility work, permits and binding offtake contracts.

AuKing Mining has approved planning for an approximately 1,000-metre diamond hole at its Tundulu Rare Earths Project in Malawi. The hole will test the depth of the carbonatite system at Nathace Hill after strong initial RC results and two deep diamond intersections.

McLaren Minerals has reported broad, near-surface heavy mineralisation from 61 holes at its Western Australian titanium project, led by 24 metres at 7.54% HM. The results strengthen the dataset for a resource update, but do not yet establish an Ore Reserve or project economics.

True North Copper expanded its copper growth pipeline in FY26, but the annual report makes clear that exploration momentum still depends on fresh capital. The company ended the year with A$7.1 million in cash and a A$7.5 million Mt Oxide payment due in December.