Latest Gold Assay News

Alara Resources has swung from a $19.03 million loss to a $19.67 million net profit after tax as its Oman copper operation generated $135.35 million in revenue. The turnaround comes with a material going-concern uncertainty, planned further equity funding and a legal appeal due in November.

Surefire Resources has flagged a material uncertainty over its ability to continue as a going concern after reporting a $2.07 million annual loss and $1.30 million in operating cash outflows. The company is advancing Victory Bore and Yidby, but both projects remain tied to funding, approvals and further execution.

Larvotto Resources has extended high-grade antimony-gold-tungsten mineralisation at Clarks Gully about 100 metres beyond its 2025 resource model, with drilling also identifying several hanging-wall lodes. The results could support a larger resource and a potential underground feed source for Hillgrove, but assays, modelling and permitting work remain outstanding.

Krakatoa Resources has reported a second batch of strong antimony and gold assays from drilling at its Zopkhito project in Georgia, led by a 5.61-metre interval grading 3.31g/t gold and 4.28% antimony. The results add support to mineralisation continuity, but the project remains at the exploration stage ahead of drilling, metallurgical work and a planned JORC resource estimate.

Resource Minerals International has expanded its exploration push across Tanzania and Saudi Arabia, but auditors flagged a material uncertainty over the company’s ability to continue without future capital raisings. The ASX-listed explorer ended FY2026 with $2.12 million in cash after raising funds through placements and convertible securities.

G11 Resources has expanded its exploration footprint and reported a conceptual copper Exploration Target at Wilandra, while drilling near Tasmania’s Mt Lyell system continues. The company ended the year with $4.91 million in cash but remains loss-making and reliant on future funding to sustain exploration.

Liberty Metals’ maiden rock chip program at Oko North has returned four samples above 1 g/t gold, including a peak assay of 2.322 g/t. The reconnaissance results support the company’s interpretation that historical alluvial gold may be sourced from hard rock within its Guyana tenure, but drilling is still required to test continuity and scale.

Barton Gold has reported broad, shallow high-grade gold intersections from its 39,000-metre Phase 2 drilling program at Tunkillia, including 11 metres at 8.73g/t gold. Final assays are still pending before updated gold and silver resources, with the pre-feasibility study targeted for Q1 CY27.

Reward Minerals has secured approval for the first-ever drilling at its Jackpot gold-copper prospect in Newfoundland, with a seven-hole campaign expected to begin within days. New soil results have also extended the exploration story across a 1.2-kilometre corridor, including a 378ppb gold anomaly at High Stakes.

Red Mountain Mining has reported widespread tungsten mineralisation from surface sampling at its Pioneer project in Montana, including results of up to 0.55% WO3. The expanded 517-hectare project also returned high-grade copper, silver and gold assays, setting up further fieldwork before potential drilling.

Native Mineral Resources has produced 340.9 ounces of doré in its latest Blackjack smelt, while more than 815,000 tonnes of material has been moved across two active pits. The latest bars still require assay and refinery results before their gold contribution is known.

Argent Minerals has kicked off its first-ever drilling campaign at the Trunkey Creek Gold Project in New South Wales, targeting a priority zone within a 4.7km gold-mineralised corridor beneath historic workings.