Latest Mineral Resource Estimation News

Capricorn Metals produced 30,358 ounces of gold in Q3 at Karlawinda, progressing its expansion project on schedule and declaring a maiden dividend, while exploration at Mt Gibson reveals promising underground gold extensions.

Lefroy Exploration has transitioned to producer status with first gold from Lucky Strike, strong drilling results pointing to resource expansion, and a bolstered cash position supported by BML Ventures financing.

Carnaby Resources has delivered a robust Pre-Feasibility Study and declared its maiden Ore Reserve at the Greater Duchess Copper Gold Project, setting sights on first production in the second half of 2026.

Image Resources delivered a solid first quarter at its Atlas project with production and sales within guidance, operating costs under forecast, and secured a six-month debt repayment holiday. Development advances on multiple mineral sands projects and maiden gold resource drilling is underway.

Maritana Minerals has confirmed robust economics and high-grade drilling results at its Black Swan gold project near Kalgoorlie, backed by a $175 million capital raise and a $35 million asset divestment.

Cannindah Resources has broadened its drilling campaign at the Cannindah Breccia deposit following promising signs of resource expansion, including newly identified mineralised zones extending over 550m beyond the current resource boundary.

Belararox has ramped up drilling at its TMT Project in Argentina, unveiling a significant high-grade silver zone at Toro Central and expanding its landholding with the El Faro acquisition. Meanwhile, exploration in Botswana gears up with a major airborne electromagnetic survey, and the company contemplates divesting its Australian Belara Project to sharpen focus on core assets.

TG Metals has expanded its Van Uden gold resource to 270,800 ounces with a 120% increase in indicated ounces, discovered new mineralisation 550m south, and filed a lithium processing patent at Lake Johnston.

Midas Minerals has unveiled an initial inferred resource of 10.5Mt at 1.6% copper and 21g/t silver for its T-13 deposit in Namibia, alongside a $28 million placement to accelerate drilling and feasibility studies.

Audalia Resources has unveiled a maiden Ore Reserve for its Medcalf vanadium-titanium-iron project alongside an updated Pre-feasibility Study outlining two viable development options with strong economic returns. The company faces a tight cash position but is pursuing a $450,000 capital raise to sustain progress.

Gorilla Gold Mines has uncovered two new shallow, high-grade gold zones at its Comet Vale project, prompting an accelerated drilling campaign to explore the significant growth potential within its North Kalgoorlie Hub resource base.

Aurum Resources has boosted its total gold resources to 4.2 million ounces across two Côte d’Ivoire projects, supported by ongoing drilling and a strategic placement led by Perseus Mining. The company’s strong cash position and board strengthening set the stage for upcoming feasibility milestones.