Latest Jorc Mineral Resource News

Northstone Resources has secured an oversubscribed $2.37 million placement as its shares return to trading, funding a run of technical and drilling milestones in Serbia. The raise puts a maiden JORC resource estimate for the Tlamino gold-silver project in sharper focus, while also adding substantial option exposure to the capital structure.

Caprice Resources has declared a maiden 522,000-ounce JORC Mineral Resource at its Island Gold Project in Western Australia, including a 340,000-ounce high-grade component. The resource gives the company a quantified platform for growth, but nearly half the ounces remain Inferred and the project is not yet an Ore Reserve.

Dart Mining has reduced the headline consideration for four Victorian projects sold to Indigo Metals by A$3.1 million, as the proposed IPO-backed transaction faces fresh shareholder approval. The revised package includes A$2 million cash, 10 million Indigo shares and a 2.5% antimony royalty.

Jacaranda Natural Resources has identified a 50-metre copper trend at its Motloutse Project in Botswana, with 12 of 23 selective rock-chip samples returning more than 1% copper. The ASX-listed explorer now plans maiden drilling between December 2026 and February 2027, subject to approvals and completion of work at its Globe Project.

LE Minerals finished FY2026 with a $48.17 million statutory profit, but the result was dominated by a one-off $58.14 million gain from selling its Solaroz lithium project interest. The company now has a substantial cash buffer to fund Queensland and Utah exploration while it seeks approval for a conditional $20 million graphite sale and spin-out.

Maverick Minerals has turned its expanded West Arunta portfolio into an active drilling campaign, but the September quarter left the explorer with A$1.503 million in cash and estimated funding for about two quarters. Pokali East assays expected in early 2027 could become the next major test of the strategy.

Austral Resources produced 1,457 tonnes of copper in the September quarter, 21% below the low end of guidance, after a crushing upgrade and sulphuric acid shortages disrupted Mt Kelly. The company expects output to recover late in the December quarter, but cash fell to $21.04 million by 30 October after major settlement and development payments.

Far East Gold’s cash position has tightened sharply, with only A$593,000 remaining after a September quarter of takeover costs and exploration spending. The company says it needs new funding while a board-control fight threatens to add further uncertainty.

Enterprise Metals has formalised Phillip Gallagher’s executive chairman appointment and increased the second tranche of its placement to approximately $880,000. The package ties his potential equity incentives to share-price, resource and strategic milestones, but both the placement and incentives require shareholder approval.

Impact Minerals is shifting decisively towards Lake Hope’s high-purity alumina project after raising A$2.21 million and changing its leadership structure. The company now has A$2.61 million in cash, but still faces the more difficult task of funding pilot work, feasibility studies and eventual project development.

Atomic Eagle has formalised a 60% interest and operational control of the Madaouela uranium project in Niger while continuing exploration and metallurgical testing at Muntanga in Zambia. The company also secured approximately $10.9 million from an early option exercise after quarter end, but Madaouela’s large resource remains a foreign estimate pending JORC conversion.

Vita Resources ended the September quarter with just A$77,000 in cash, equivalent to an estimated 0.2 quarters of funding, even as it expands Ninnis exploration and pursues new gold opportunities in New Zealand. The company is seeking up to A$500,000 through a non-underwritten share purchase plan while key exploration milestones remain ahead.