Latest Jorc Mineral Resource News

QEM has completed its move into Idaho, acquiring the Big It and Garden Valley projects and outlining staged exploration of historical tungsten, antimony, gold and rare-metal targets. The company ended September with $3.98 million in cash while keeping major Julia Creek expenditure on hold.

Power Minerals has reported 91 metres at 7.7% TREO from surface in a new Morro do Ferro drillhole, including 23.1 metres at 17.5% TREO. The result strengthens the case for continuity ahead of a maiden resource estimate, while a separate non-binding Salta lithium venture has been terminated.

Sunstone Metals has expanded the Bramaderos gold-copper Mineral Resource Estimate by 72% to 6.2 million ounces of gold equivalent, with Indicated Resources rising 450% to 3.3Moz. The upgrade strengthens the basis for future mine studies, but remains an exploration-stage estimate with metallurgical and funding questions still to resolve.

Magnum Mining has added 119 assay results to its Piracanjuba North database, identifying four coherent high-desorption zones across roughly 7.19 square kilometres. The results strengthen the exploration case ahead of a targeted November resource estimate, although the desorption figures remain laboratory screening results rather than process recoveries.

Ballard Mining is seeking up to A$50 million to fund aggressive drilling, early infrastructure and feasibility work at its Mt Ida Gold Project. The raise gives the developer a larger runway towards a mid-2027 development decision, but comes with dilution and no guarantee the full amount will be secured.

Axel REE is moving its Caladão rare earths project into the next technical test: exploratory in-situ recovery work at the Woolrich deposit. The company says bench-scale testing has recovered up to 560ppm soluble TREO, but field performance, groundwater behaviour and project economics remain unproven.

Barton Gold has completed its 38,760-metre Phase 2 drilling program at Tunkillia with a series of broad, high-grade gold intersections across planned starter pits. The results now feed into an updated gold Resource, followed by a silver update and pre-feasibility study targeted for the first quarter of 2027.

Forrestania Resources has outlined a maiden 223,300-ounce JORC Mineral Resource at Tampia, a previously mined deposit positioned 140km from the Edna May processing plant. The estimate gives the newly acquired Westonia Hub another potential ore source, but relies on an AUD 6,000/oz gold price assumption and includes 104,800 ounces classified as Inferred.

Cauldron Energy has completed a 10,506-metre Yanrey drilling campaign that extended mineralisation at Manyingee South and Manyingee North, including a link towards Paladin’s neighbouring Manyingee deposit. The ASX-listed uranium explorer now plans to fold the results into a JORC resource update expected within two months, while a visit from Uzbekistan’s Navoiyuran adds a separate potential development thread.

Great Boulder Resources has reported further shallow, high-grade gold intersections from its 40,000-metre Peak Hill drilling campaign, including 9 metres at 4.17g/t gold from just 6 metres at Enigma. Results at Enigma and Five Ways point to continuity and potential open-pit upside, although further drilling and resource updates remain ahead.

OD6 Metals has secured A$6.92 million from institutional and sophisticated investors to advance drilling, bulk sampling and resource definition at its Quinn Fluorspar Project in Nevada. The funding also sets up a proposed rebrand to Adaven, but brings dilution and a substantial package of shareholder approvals.

Voltaic Strategic Resources has agreed to acquire five granted Western Australian exploration licences across three gold projects for A$330,000 upfront, with up to A$2 million tied to future Rocky Ridge resource milestones. The deal broadens the explorer’s gold pipeline, but the assets remain at the target-generation stage rather than being defined resources.