Latest Mineral Resource Estimation News

Clara Resources has converted the sale of its non-core Kildanga nickel-cobalt project into $2.1 million of unconditional cash consideration, including $150,000 already received. The remaining $1.95 million is due by 30 September and is earmarked largely for drilling at Mareeba.

Paterson Resources is set to start an extensive drilling campaign at its Grace Gold Project, aiming to upgrade its 200,000-ounce inferred gold resource and extend high-grade mineralisation along a 1.3km strike in the Paterson Province.

Raptor Metals has launched a multi-element assay program on archived drill core at its Chester Project, aiming to unlock the polymetallic potential of its existing copper resource in Canada’s Bathurst Mining Camp.

Iltani Resources has reported robust assay results from nine new drill holes at its flagship Orient Silver-Indium Project, confirming continuity and expansion potential across Orient East, West, and Vein One zones. The company targets a resource update in Q4 2026 to underpin a 2027 scoping study.

Axel REE has reported a major leap in metallurgical testwork at its Caladão Project in Brazil, achieving up to 95% gallium and 74% scandium extraction from a Tiger Creek composite sample. The results mark a significant step in developing alternative gallium recovery methods beyond traditional by-product sources.

Argent Minerals has kicked off its first-ever drilling campaign at the Trunkey Creek Gold Project in New South Wales, targeting a priority zone within a 4.7km gold-mineralised corridor beneath historic workings.

Legacy Minerals is progressing an optimised scoping study at its Mt Carrington project, leveraging a 39% increase in resource tonnes and a 69% jump in indicated resources. Results are expected in December 2026, aiming to assess the economics of a larger-scale operation.

Redcastle Resources has reported robust new gold assay results from its Queen Alexandra grade-control drilling, reinforcing the deposit's potential and underpinning plans for pit expansion into a newly granted mining lease.

Larvotto Resources has delivered strong assay results from Clarks Gully drilling, revealing multiple high-grade gold-antimony-tungsten zones and expanding the deposit's footprint at depth and southwards.

Power Minerals has pushed the boundaries of high-grade rare earth mineralisation at its Morro do Ferro project in Brazil, with drillhole MFSR-054 revealing continuous mineralisation to 186 metres and a new high-grade zone near the bottom of the sampled interval.

Polymetals Resources has boosted the Endeavor Mine’s Mineral Resource to 20.7 million tonnes, adding 1.3 Mt of high-grade sulphide mineralisation in the Upper Main Lode despite ongoing depletion and a more conservative density model.

Tolu Minerals has locked in a K95 million (approx. A$30 million) debt facility from a Papua New Guinea bank, complementing its A$50 million cash reserves to fully fund the restart of its Tolukuma Gold Mine. Production is targeted for the first quarter of 2027, with an updated Mineral Resource Estimate due imminently.