Latest Mineral Resource Estimates News

Mindax Limited has raised $1.6 million through a discounted share placement to fund development and exploration activities at its Mt Forrest Iron Project and gold assets.

Victory Metals has significantly enhanced its North Stanmore resource with Gallium inclusion and secured major financing commitments exceeding US$200 million, positioning itself as a strategic supplier amid global rare earths tensions.

Tesoro Gold reveals a large new gold mineralised zone at its El Zorro Project in Chile, with surface sampling returning high-grade assays up to 22.10 g/t Au. The discovery sets the stage for upcoming drilling campaigns.

Norwest Minerals has announced a substantial 33% increase in the gold resource at its Bulgera Gold Project, now totaling 288,400 ounces following a comprehensive 3D geological model revision. This upgrade coincides with renewed drilling efforts aimed at further expanding the resource base.

Buxton Resources has successfully qualified its Graphite Bull ore for full anode production with BTR New Material Group, a global leader in battery anode manufacturing. This milestone strengthens the project’s commercial appeal amid rising graphite demand for lithium-ion batteries.

White Cliff Minerals has initiated diamond drilling at its Rae Copper Project in Nunavut, Canada, targeting a large unexplored sedimentary basin. Supported by a recent A$14.4 million capital raise and Canadian government backing, the company aims to advance its promising copper exploration.

Freehill Mining is progressing plans to restart mining at its Yerbas Buenas magnetite project in Chile, backed by promising bulk sampling results and a staged permit extension strategy.

Warriedar Resources has reported strong assay results from diamond drill hole RDRC069 at its Ricciardo deposit, confirming extended high-grade gold and antimony mineralisation. These findings reinforce the deposit’s growth potential within Australia’s largest open-pit antimony resource.

Zenith Minerals has successfully raised A$3.5 million through a fully underwritten rights issue, positioning the company to fast-track exploration and resource growth at its key gold projects in Western Australia and Queensland.

Challenger Gold advances its Hualilan Gold Project with final metallurgical testwork underway, confirming heap leach processing can economically recover low-grade gold previously deemed waste. This development promises to expand the project’s scale and improve its economics ahead of the full-scale Pre-Feasibility Study.

Strickland Metals reports strong gold assay results from its Gradina Prospect within the Rogozna Project, reinforcing the potential for a maiden resource estimate by late 2025.

Siren Gold reveals promising expansion and development prospects at its Sams Creek Project in New Zealand, with recent drilling uncovering new mineralised zones and a mining permit decision expected by year-end.