Latest Mineral Resource Estimation News

Mt Malcolm Mines NL has reported strong assay results from its recent drilling at the Picnic South Gold Prospect, revealing broad intervals of consistent gold mineralisation along a 700m strike. These findings enhance confidence in the project's potential for low-cost open pit mining.

Alkane Resources reports its inaugural JORC-compliant Mineral Resources and Ore Reserves for the Costerfield Property, highlighting a robust resource base and a mine life extended to 2030. The recent True Blue Deposit discovery further bolsters the project’s potential.

Venari Minerals reports a breakthrough in lithium upgrading at its Red Mountain Project, achieving up to a 132% increase in lithium concentration through innovative attrition scrubbing test-work. This advancement paves the way for a maiden Mineral Resource Estimate by year-end.

American Uranium has mobilised a drill rig ahead of schedule at its Lo Herma ISR uranium project in Wyoming, aiming to grow and upgrade its existing 8.57 million pound uranium resource through a two-phase drilling campaign.

Siren Gold has kicked off a significant 6,000-metre diamond drilling program at its Sams Creek Gold Project in New Zealand, aiming to upgrade and expand its existing 824,000-ounce resource. This marks a critical phase ahead of key milestones including a mining permit decision and an updated scoping study.

St George Mining’s latest drilling results reveal a thick, high-grade rare earth and niobium mineralisation extending well beyond the existing resource at its Araxá project in Brazil, hinting at a major resource upgrade.

Carnaby Resources has landed a A$12.5 million investment from the Queensland government-backed QIC Critical Minerals and Battery Technology Fund, accelerating development of its Greater Duchess copper-gold project. The funding will underpin key feasibility studies and position the company for a final investment decision by late 2026.

Prospect Resources has extended the strike length of its flagship Nyungu Central deposit beyond 1.5 km, revealing significant copper and gold mineralisation. Final assay results from Kabikupa and ongoing exploration set the stage for a late 2025 resource estimate update.

Astral Resources reports strong assay results from 29 additional holes at Theia Deposit, confirming broad zones of high-grade gold consistent with its existing resource model. The ongoing in-fill drilling program advances the Mandilla Gold Project towards production readiness.

Iltani Resources has locked in an $8 million investment from Queensland’s government-backed QIC fund to fast-track its Orient Silver-Indium Project, positioning the company at the forefront of critical minerals development in Northern Queensland.

Osmond Resources has completed geological logging of its first drill hole at the Orión EU Critical Minerals Project, identifying seven promising mineral layers. A second drill rig is now operational to further test the continuity of these layers.

Ariana Resources has launched the first phase of an extensive drilling programme at its Dokwe Gold Project in Zimbabwe, aiming to expand its 1.1 million ounce gold resource. Initial assay results are expected before year-end, setting the stage for a potential resource upgrade in 2026.