Latest Mineral Resource Estimates News

Lefroy Exploration has revised its Mt Martin gold resource estimate to 460,000 ounces at 1.6 g/t, marking a 5% increase driven by economic reclassification and deeper inferred resources. The company is advancing a 4,000m drilling program targeting high-grade extensions, with a scoping study set for the June quarter.

Golden Deeps Ltd has reported significant progress at its Otavi Critical Metals Belt projects in Namibia, unveiling exceptional high-grade copper, silver, zinc, lead, germanium, and rare metal results from drilling and sampling at the Graceland prospect alongside resource expansions and ongoing exploration.

LinQ Minerals has pushed the high-grade gold and copper envelope at its Dam deposit, hitting a 114-metre intersection grading 1.19g/t gold equivalent, expanding the mineralised strike to over 400 metres. With nine more drill results pending, the Gilmore Project’s resource potential continues to intrigue.

Connected Minerals (ASX:CML) is set to acquire Frontier Group CRM, gaining control of an 80% interest in the Bailundo carbonatite project in Angola, boasting near-surface high-grade niobium and rare earth mineralisation. Backed by a $4.5 million capital raise, the company aims to fast-track exploration in this emerging critical minerals jurisdiction.

Australian Mines Limited has raised $3 million through a strategic placement led by Tribeca Investment Partners to fast-track its Flemington Scandium Project from scoping to pre-feasibility study, aiming to de-risk and advance permitting.

Avira Resources has cleared all major regulatory and heritage hurdles to kick off a 4,500-metre RC drilling campaign at its high-grade Mt Cattlin Gold Project, aiming for a maiden resource estimate by year-end.

Athena Resources is raising $3.5 million through a discounted share placement backed by major investors to fast-track drilling and feasibility at its Narryer magnetite project.

Victory Metals finalises metallurgical testwork revealing major CAPEX and OPEX savings for its North Stanmore heavy rare earth project, with the PFS on track for Q2 2026.

Vanadium Resources raises about A$1 million through a placement to fund studies and site agreements for its Steelpoortdrift Vanadium Project and next-gen V-Iron Plant, aiming to supply Western critical mineral markets.

Great Boulder Resources is set to acquire Westgold’s Peak Hill Gold Project for $25 million cash, a 19.9% stake, and a 1% royalty, significantly boosting its gold resources and advancing near-term production plans.

Great Boulder Resources (ASX:GBR) has struck a transformative deal to acquire Westgold’s Peak Hill Gold Project, adding nearly half a million ounces of gold resources and securing a strategic partnership to fast-track production.

Asara Resources delivers standout drill results from the Massan deposit at its Kada Gold Project in Guinea, highlighting substantial high-grade gold extensions that could significantly boost the resource base.