Latest Mineral Resource Estimation News

Hot Chili Limited launches a A$14 million rights issue to fund key strategic initiatives, including advancing its La Verde copper-gold discovery and completing asset-level partnering processes within the Costa Fuego Project in Chile.

Horizon Minerals has executed a binding agreement to acquire the Gordons Dam and adjacent gold projects near its Black Swan processing plant, adding an inferred resource of 20,000 ounces and promising exploration upside.

Neometals reports strong gold assay results from its maiden diamond drilling at Barrambie’s Ironclad and Mystery prospects, confirming high-grade mineralisation and setting the stage for expanded exploration.

Everest Metals Corporation has secured regulatory approval to begin mining at its Mt Dimer Taipan Gold & Silver Project, targeting production commencement in late 2025. The project’s inferred resource and ongoing contract negotiations position EMC for a promising small-scale operation.

Peel Mining Limited has updated its mineral resource estimates, highlighting a robust 22.9 million tonnes at 2.20% copper equivalent across its South Cobar Project. The company is advancing pre-feasibility studies and exploration drilling at key deposits, positioning itself as a significant player in the Cobar Basin copper hub.

TG Metals Limited has raised $2.6 million through a placement to accelerate exploration and development at its Van Gold Uden deposit and Gold City prospect in Western Australia.

Javelin Minerals has announced a significant 15% increase in recoverable gold ounces at its Eureka Gold Project, alongside a 32% rise in grade, setting the stage for enhanced production and cashflow in 2026.

Benz Mining reports extensive high-grade gold intercepts at its Icon Prospect, confirming the potential for a large-scale, bulk open-pit operation within the Glenburgh Gold Project in Western Australia.

OzAurum Resources has confirmed a substantial 400-metre strike of high-grade gold mineralisation at its Cross Fault discovery within the Mulgabbie North Gold Project, signalling promising expansion potential. Further drilling and resource estimation plans are underway as the mineralisation remains open at depth.

Western Mines Group has completed the first four holes of its Phase 4 drilling at Mulga Tank, revealing visible sulphide mineralisation beyond existing resource boundaries and advancing diamond drilling and electromagnetic surveys to target deeper nickel sulphide deposits.

Patagonia Lithium has reprocessed magnetotelluric data to better understand the basement depth at its Argentine lithium projects, setting the stage for deeper drilling and seismic surveys to refine its resource estimates.

Medallion Metals has executed a binding agreement to acquire the Forrestania Nickel Operation from IGO Limited, setting the stage for a low-capital pathway to gold and copper production at its Ravensthorpe project. The transaction targets completion and a final investment decision by late 2025.