Latest Mineral Resource Estimation News

Black Canyon Limited has upgraded the JORC classification of its KR2 manganese deposit to 90% Indicated, enhancing resource confidence and supporting improved mine planning for its Balfour Manganese Field project.

Besra Gold has disclosed a significant reduction in its Mineral Resource Estimate to 2.28 million ounces, addressing ASX concerns over recent unusual trading activity. Despite the downgrade, the company’s share price has risen sharply, leaving investors questioning the market dynamics.

Besra Gold Inc has updated its Bau Gold Project mineral resource to 2.28 million ounces, reflecting refined assumptions and a more robust project foundation despite a reduction in total ounces. This revision sets the stage for a detailed technical review and lease renewal negotiations.

Challenger Gold has secured critical drilling and explosives contracts and completed refurbishment of the Casposo Toll Milling plant, marking a pivotal step toward early gold production at its Hualilán project in Argentina.

Charger Metals has initiated a 3,000m drilling program at its Lake Johnston Lithium and Gold Project, fully funded by Rio Tinto Exploration, targeting multiple high-priority lithium and gold prospects. This follows a recent maiden resource estimate and aims to unlock further potential in a prolific Western Australian region.

Victory Metals reports substantial grade increases in terbium, dysprosium, and scandium at its North Stanmore Project, leveraging a simple beneficiation method that enhances strategic supply prospects amid tightening Chinese export controls.

Power Minerals Limited is set to embark on an extensive drilling campaign at its Santa Anna Project in Brazil, aiming to expand high-grade rare earth and niobium mineralisation zones. The program kicks off with 2,000m of reverse circulation drilling in November 2025, paving the way for deeper exploration in 2026.

Resouro Strategic Metals has raised CAD$1 million through the first tranche of a private placement, advancing its Tiros Titanium-Rare Earths Project in Brazil. The company plans to use the funds to progress engineering work ahead of a Preliminary Economic Assessment.

Andean Silver’s latest drilling at Cerro Bayo reveals exceptionally high-grade silver and gold well outside existing resource boundaries, hinting at significant resource expansion potential. The discovery of new mineralised lodes and extensions near the processing hub marks a pivotal step toward advancing the project.

Galan Lithium has secured new exploration licences adjacent to the world-class Greenbushes lithium mine, setting the stage for a targeted Australian exploration program alongside its flagship Argentine projects.

Aurelia Metals reports a 12% increase in Mineral Resources and a 17% rise in Ore Reserves, driven by strong copper growth at its Peak Operation and the commencement of production at Federation Mine.

Native Mineral Resources and Great Divide Mining have agreed to jointly develop and process ore from the Yellow Jack Gold Project at NMR’s Blackjack Plant, aiming to enhance regional gold production.