Latest Geological Modeling News

Aureka Limited is set to become a gold producer after signing a binding agreement to acquire High Grade Holdings, including the Fiddlers Creek underground mine and Wedderburn processing mill in Victoria. The majority scrip, low cash deal valued at $8.9 million unlocks immediate production and processing capacity for Aureka’s Victorian gold projects.

Redcastle Resources has reported robust new gold assay results from its Queen Alexandra grade-control drilling, reinforcing the deposit's potential and underpinning plans for pit expansion into a newly granted mining lease.

Larvotto Resources has delivered strong assay results from Clarks Gully drilling, revealing multiple high-grade gold-antimony-tungsten zones and expanding the deposit's footprint at depth and southwards.

Power Minerals has pushed the boundaries of high-grade rare earth mineralisation at its Morro do Ferro project in Brazil, with drillhole MFSR-054 revealing continuous mineralisation to 186 metres and a new high-grade zone near the bottom of the sampled interval.

TechGen Metals has wrapped up diamond drilling at its Blue Devil Project in East Kimberley, intersecting pyrite-rich sedimentary rocks and quartz-carbonate-pyrite zones that hint at an intrusive-related gold system. Initial assay results are due next month, potentially setting the stage for further exploration.

Native Mineral Resources (ASX:NMR) has reported robust initial assay results from its North Pit drilling at Blackjack, Queensland, highlighting significant gold mineralisation with broad high-grade intervals.

Tolu Minerals has locked in a K95 million (approx. A$30 million) debt facility from a Papua New Guinea bank, complementing its A$50 million cash reserves to fully fund the restart of its Tolukuma Gold Mine. Production is targeted for the first quarter of 2027, with an updated Mineral Resource Estimate due imminently.

Yari Resources reveals multiple coal product pathways at its Arcadia Coal Project, including semi-soft coking, PCI, and high-energy thermal coal, supported by a 10% average in-situ ash and expanded technical data.

Rox Resources reports steady progress at Youanmi Gold Mine with processing plant construction and mining development proceeding on schedule, supporting a mid-2027 gold production target.

Codrus Minerals Limited posted a $1.41 million loss for FY26 as it confirmed gold and molybdenum mineralisation at Bull Run, rationalised its portfolio, and secured a binding acquisition of EdgeMet with a $2.5 million capital raise underway.

Maronan Metals has marked a transformative year with a positive Preliminary Economic Assessment, grant of a key Mineral Development Licence, and two capital raises totaling nearly A$40 million, positioning the company for accelerated development of its Queensland silver-lead and copper-gold project.

Noronex Limited has kicked off its first modern exploration program at the Sleitat Tin Project in Alaska, deploying detailed geophysical surveys and fieldwork to refine targets ahead of a planned 2027 drilling campaign.