Latest Geology News

Falcon Metals has extended mineralised strike at its Blue Moon project beyond 850 metres while increasing exploration spending sharply and raising $30 million after year-end. The results remain exploration-stage, but the company now has substantially more drilling capacity and a second maiden campaign underway in Western Australia.

Melbana Energy’s Block 9 project remains on care and maintenance after a partner default and US sanctions on CUPET, despite improved geological understanding from Amistad-2. The company ended FY2026 with $472,504 in cash and warned that additional funding is required to continue.

Mithril Silver and Gold has lifted the higher-confidence portion of its Copalquin Target 1 resource to 464,000 ounces of gold equivalent, giving the Mexican project a stronger base for mine planning. The upgrade comes alongside a larger loss, substantial exploration spending and an auditor’s warning that further funding is needed to support the company’s going-concern status.

Estrella Resources has identified copper-bearing porphyritic diorite and gold at nine locations around Timor-Leste’s Laleno Dome, strengthening the case for a broader intrusion-related system. The geological signal is encouraging, but drilling approval and representative follow-up work remain outstanding.

Power Minerals has extended confirmed high-grade rare earth mineralisation at its Morro do Ferro project in Brazil, with a new hole returning 39 metres at 4.42% TREO from 80 metres downhole. Assays from shallower and deeper sections remain pending, leaving the scale and geometry of the zone unresolved.

Albright Metals has established a 54,200-ounce JORC 2012 Mineral Resource at the Vail Road deposit in Canada, including 22,500 ounces in the higher-confidence Indicated category. The estimate gives the company a technical foundation for a Scoping Study, but mine economics and metallurgy remain untested.

Anson Resources has secured approval for 17 additional Utah lease blocks covering 16.02 square kilometres inside the Green River Lithium Project’s resource area of interest. The company says the expanded ground could support a larger JORC resource without further drilling, but the proposed exploration target remains conceptual and the lease is not yet signed.

Pivotal Metals’ maiden scoping study gives its Horden Lake copper project a projected post-tax NPV of A$920 million against A$411 million of pre-production capital. The headline returns are strong, but the project remains a preliminary study with no Ore Reserve, material Inferred Resource exposure and more than A$400 million still to raise.

Resources & Energy Group has reported a standout 9-metre gold intercept at Goodenough as it prepares a fresh resource estimate. The exploration progress arrives alongside an audited warning that further funding is needed to sustain the business.

Redcastle Resources has quantified 6,600 ounces of gold already mined and sitting on its ROM pad, but the inventory remains a Mineral Resource rather than an Ore Reserve. The stockpiles are ready to move, although processing arrangements are still being negotiated and mining is currently suspended.

WhiteRock Lithium has intersected spodumene-bearing pegmatite in all 10 newly reported drill holes at its Spodumene Mountain prospect in Québec. The visual results strengthen the geological case for continuity, but assays and true widths are still pending.

Boab Metals has increased the Sorby Hills mineral resource by 7% to 50.6Mt, while contained silver rises by 1.6Moz. More Measured and Indicated material now supports the mine plan, although the update does not yet change Ore Reserves, production targets or project economics.