Latest Mineral Resource Estimation News

Ballymore Resources has pushed the boundaries of its Torpy’s silver-lead-zinc-indium discovery in North Queensland, with initial results from a fresh 3,000m drilling campaign revealing broad zones of massive sulphide mineralisation closer to surface. Assays are due in June, while a government-backed gravity survey aims to unlock further targets across the Ruddygore corridor.

Godolphin Resources is spinning out its Narraburra Rare Earths Project into a new ASX-listed entity, Matrix Critical Minerals, with MST Financial appointed to spearhead the IPO expected in the second half of 2026.

Avira Resources has kicked off siteworks at its Mt Cattlin Gold Project ahead of a 4,500-metre RC drilling program targeting a maiden resource estimate by year-end.

Asara Resources continues to unlock substantial high-grade extensions at its Kada Gold Project in Guinea, with recent drilling confirming broad, consistent gold mineralisation beyond existing resources.

Many Peaks Minerals has raised A$27.5 million through a placement to fund extensive drilling and a pre-feasibility study at its Ferké Gold Project and other Côte d’Ivoire assets.

Helix Resources has snapped up a half interest in the Weerianna Gold-Lithium Project in Western Australia’s West Pilbara, gaining exposure to a historical gold resource and promising lithium potential near a major lithium discovery.

PMET Resources has kicked off a substantial 45,000-meter drilling program at its flagship Shaakichiuwaanaan Property in Quebec, aiming to bolster lithium, caesium, and tantalum resource development ahead of updated economic studies.

Legacy Minerals has delivered a robust Scoping Study for its Mt Carrington gold-silver-copper project, confirming a high-margin 12-year operation with significant growth potential and manageable capital requirements.

Brightstar Resources is poised to hit a major milestone with a Final Investment Decision expected in June 2026, paving the way for first gold production by mid-2027 at its Goldfields Project in Western Australia.

Carnaby Resources has extended its high-grade Trek 1 Footwall Lode at the Greater Duchess Project, delivering a 38m intercept at 1.9% copper equivalent and keeping the discovery wide open for further growth.

Lion Rock Minerals has brought in a seasoned leadership team from Sierra Rutile to spearhead development at its Minta Rutile and Monazite Project in Cameroon, supported by a $2 million capital raise.

Hillgrove Resources has secured an option to earn an 80% stake in the Mutooroo Copper Project through a $10 million pre-feasibility study farm-in with Havilah Resources, aiming to leverage existing infrastructure to boost copper output.