Latest Feasibility Study News

Magnetite Mines Limited (ASX:MGT) has been awarded Federal Major Project Status for its Razorback Iron Ore Project, unlocking government support as it advances multi-commodity exploration across South Australia. The company is progressing rare earth, copper, and gold programs while positioning Razorback for long-term green steel supply.

Westgold Resources has approved a $145 million expansion of its Higginsville Processing Hub, increasing capacity by 62.5% and aiming to lift Southern Goldfields production by 60,000 ounces annually while cutting processing costs by nearly a quarter.

Vital Metals has reported exceptional rare earth element assay results at its Nechalacho project, revealing record grades and identifying six new exploration targets beyond the current resource. A 1000m drilling program is underway, supporting the project's district-scale potential.

Lycopodium Limited has landed a major A$118 million contract to engineer and supply the Tulu Kapi Gold Project in Ethiopia, marking a significant step toward full gold production by mid-2028.

Heavy Minerals Limited has defined a substantial garnet exploration target at the Kanmantoo site in South Australia, estimating up to 50 million tonnes grading 17-25% garnet. The company is advancing metallurgical testing and funding discussions, positioning for a near-term investment decision.

Argosy Minerals reports strong progress on its 12,000 tonnes per annum Rincon Lithium Project in Argentina, achieving 96% lithium recovery in test work and advancing critical energy infrastructure with a 40MW power supply line.

Carnavale Resources has completed critical drilling programs at its Kookynie Gold Project, pushing the Bankable Feasibility Study (BFS) forward and targeting a shovel-ready status by Q3 2026. The work upgrades resource confidence and supports detailed metallurgical and geotechnical studies.

Kaili Resources has reported promising laboratory assay results from its recent aircore drilling program targeting rare earth elements in South Australia’s Mallee Project. The findings highlight significant Total Rare Earth Oxide concentrations, particularly within the Coodalya tenement, supporting plans for expanded drilling.

Greenwing Resources has updated its Que River Project scoping study, reflecting a sharp rise in metals prices that boosts projected cash flows to nearly double previous estimates. The company is advancing regulatory approvals and exploring strategic partnerships to capitalise on these improved economics.

Aurum Resources reports multiple broad, shallow, high-grade gold intercepts from its 30,000m drilling program at the Napié Gold Project in Côte d’Ivoire, underpinning an imminent resource update and growth strategy. The company’s dual-asset approach and strong balance sheet position it for a pivotal transition from explorer to developer in 2026.

Resolute Mining has reported a substantial 60% increase in its gold Mineral Resources and a 55% rise in Ore Reserves, driven by strategic acquisitions and exploration success across West Africa. The Doropo project in Côte d’Ivoire now anchors over a third of the company’s reserves, signaling a new growth phase.

Magnetic Resources NL reveals improved metallurgical testwork results for its Lady Julie North 4 gold deposit, showcasing a simpler, more cost-effective processing method that enhances gold recovery.