Latest Mineral Resource Estimation News

Prospect Resources has updated its Mumbezhi Copper Project Mineral Resource Estimate, boosting tonnage by 20% to 208.1 million tonnes and doubling gold resources to 262,100 ounces. The project now boasts tier-1 copper grades comparable to Zambia’s top mines, with Phase 3 drilling underway to expand resources further.

GBM Resources has reported high-grade gold intersections outside the current 309 deposit resource at its Twin Hills project, reinforcing the potential for resource growth and advancing development plans.

Broken Hill Mines (ASX: BHM) has resumed mining at its Pinnacles Silver-Lead-Zinc Mine, marking its first operations since 2021 and aiming to ramp up production through multiple ore feeds to the Rasp processing plant.

Mount Ridley Mines has launched its first major metallurgical testwork program at the Grass Patch Heavy Rare Earth Element Project, targeting processing pathways for its regolith-hosted rare earth, scandium, and gallium mineralisation.

Nelson Resources has kicked off reconnaissance exploration at its newly staked Cinnamon Tungsten Property in Nevada, aiming to leverage its proximity to Guardian Metal's US Department of Defense-backed Pilot Mountain Project.

Ordell Minerals has strategically expanded its Barimaia Gold Project near Mount Magnet by acquiring three new tenements highly prospective for granodiorite intrusions. This move broadens the exploration scope ahead of a substantial 15,000m drilling campaign scheduled through mid-2026.

Everest Metals Corporation (ASX: EMC) has upgraded its Mt Edon Critical Minerals Project resource to 4.3 million tonnes at 0.23% Rb2O, enhancing grade, tonnage, and confidence ahead of a mining proposal submission expected to gain approval by late 2026.

Carnavale Resources has lifted its Kookynie Gold Project Mineral Resource Estimate by 2.5% to 120,000 ounces at 4.4 g/t, with a significant upgrade to Measured resources that reduces early-stage mining risk.

Geopacific Resources' updated 2026 DFS for the Woodlark Gold Project reveals a 19% rise in Mineral Resources to 1.98 million ounces and a new Ore Reserve of 1.2 million ounces, underpinning robust economics and a rapid 18-month payback.

Locksley Resources has secured an option to acquire 100% of the Iron Duke Copper & Gold Project near its Tottenham asset, adding an inferred resource of 1.3 million tonnes grading 1.0% copper and 0.6 g/t gold. The low-cost, milestone-based deal supports a district-scale exploration strategy in the Cobar region.

Variscan Mines (ASX:VAR) has secured $690,000 in the first tranche of a $5 million placement, issuing 174 million shares at $0.004 each to new sophisticated investors. The capital raise supports ongoing development at the Novales-Udias zinc-lead project in Spain, which recently reported a JORC resource.

Corazon Mining has secured the Chalice Gold Project from Westgold Resources, gaining a 191,000oz high-grade gold resource and a strategic partnership with Westgold as a near-20% shareholder.