Latest Geological Modeling News

Resources & Energy Group Limited (ASX:REZ) has formalised a joint venture with Rembrandt Mining to commence gold production at its Maranoa deposit, with Rembrandt funding all capital expenditure and REZ retaining full ownership and legal operator status.

GBM Resources has reported significant extensions and grade improvements at its Twin Hills Gold Project, with Stage 2 drilling revealing mineralisation beyond the existing 1.0Moz resource and identifying over 20 new exploration targets.

High-Tech Metals has wrapped up a 41-hole drilling campaign at Mt Fisher, confirming mineralisation continuity beneath the historical pit and defining clear targets for further resource growth. An updated Mineral Resource Estimate and pit optimisation are due in August, setting the stage for Phase 2 drilling.

Minerals Exploration Limited (ASX: MEX) is progressing diamond drilling at its Waitekauri Gold Project in New Zealand, focusing on shallow, high-grade gold systems historically mined at Jubilee and Sovereign prospects. Assay results from initial holes are pending, while planning continues for a significant follow-up campaign at Sovereign.

Mount Hope Mining has locked in a drill contractor for its Mt Solitary Phase 3 program, aiming to extend gold mineralisation and advance towards a maiden JORC resource by year-end.

MGX Resources is accelerating development at its Central Tanami gold project with underground exploration and resource drilling, while monetising Koolan Island through a $20.2 million sale plus future revenue share, bolstering its cash reserves.

Nelson Resources has reported exceptional underground channel sampling results from its Orleans Mine in Nevada, revealing bonanza silver and high-grade gold mineralisation. The company is preparing to launch diamond drilling to test extensions beyond existing workings.

European Resources Limited has boosted its Korsnäs rare earth project with a 15.4 million tonne Inferred Mineral Resource and promising metallurgical advances, while new seismic anomalies open fresh exploration avenues.

Tartana Minerals has locked in a $5.18 million placement with Chinese mining giant Xingye Gold at a striking 165% premium to its last traded price, setting the stage for accelerated exploration and a new strategic partnership.

Pursuit Minerals has reported promising early results from its DDH-3 drillhole at the Mito tenement, recovering highly saline brines consistent with its geological model and supporting the potential for significant lithium resources.

True North Copper is advancing its Mt Oxide Project with a strategic focus on expanding the Aquila copper-cobalt-silver discovery and developing the high-grade Vero resource, aiming to emulate the scale of the nearby Capricorn Copper mine.

Flynn Gold’s 2026 drilling at Firetower confirms high-grade polymetallic mineralisation extending at least 80 metres deeper than previous drilling, with copper grades adding new value potential.