Latest Geological Modelling News

American West Metals (ASX: AW1) reported significant exploration breakthroughs at its West Desert Project in Utah and ongoing Pre-Feasibility Study progress at the Storm Copper Project in Nunavut, backed by a $10 million capital raise.

Moonlight Resources has significantly extended the Leo Grande gold system at its Clermont Project, with Phase 2 drilling pushing mineralisation 200 metres southeast and 250 metres northwest. The company holds a solid A$6.1 million cash balance as it advances towards a maiden resource estimate.

Riedel Resources has transformed into a multi-project gold explorer with the acquisition of controlling interests in the Cosmo and Mt Venn projects in Western Australia, complementing its Kingman asset in Arizona. The company is gearing up for maiden drilling and expanded exploration across its portfolio.

Latitude 66 secures key exploration permits for its high-grade KSB gold-cobalt project in Finland and reports strong assay results from Laverton drilling in Western Australia, setting the stage for resource growth and development studies.

Azzuro Resources has locked in a major copper-gold discovery at its newly acquired Red Hill project in Mongolia, confirming a high-grade VMS system over nearly 550 metres of strike with significant expansion potential.

Elixir Energy has advanced its Queensland Taroom Trough gas projects with successful stimulation and flow testing at Lorelle-3H, a new contingent resource booking at ATP2057, and a pipeline feasibility agreement with APA Group.

Black Bear Minerals reported exceptional silver drill results extending beyond its current Shafter resource and boosted its Independence gold resource to over 2.2 million ounces AuEq, while progressing operational restart studies backed by potential financing.

Sun Silver Limited is drilling to upgrade and grow resources at its Maverick Silver Project in Nevada, while expanding its landholding to 15 kilometres with a strategic acquisition and staking. The company engages Ausenco for scoping studies, holding $23.1 million cash at quarter-end.

Infini Resources has launched its first-ever diamond drilling campaign at the Reynolds Lake and Reitenbach Lake uranium projects in Saskatchewan, while final assays from its Portland Creek Phase 2 drilling confirm a structurally controlled uranium system over a 6 km strike.

Cannindah Resources has delivered compelling drilling results that expand and upgrade its Mt Cannindah copper-gold resource, alongside initiating metallurgical test work to support a resource update scheduled for Q3 2026.

Ora Banda Mining has significantly extended the Sapphire lode over 2.6km and confirmed high-grade intercepts on the Gem lode stretching over 4.7km at its Little Gem Prospect, with a maiden resource estimate due late 2026.

Orange Minerals confirmed significant deep volcanic massive sulphide mineralisation at Lennon’s Find in WA, secured ministerial consent for Ghana licence transfers, and completed a $1.675 million placement to fund exploration.