Latest Mineral Resource Estimation News

West Cobar Metals is making significant progress across its Salazar, Bulla Park, and Mystique projects, initiating metallurgical testwork and planning drilling programs that could reshape resource estimates and project economics.

American Uranium Limited has successfully expanded uranium mineralisation trends by 3,000 metres at its Lo Herma ISR Project in Wyoming, delivering its strongest drill intercept to date and setting the stage for a 2026 resource update and scoping study.

PhosCo has completed a key drilling program at its Gasaat Phosphate Project in Tunisia, with promising phosphate intersections at the SAB prospect and imminent assay results from KM, setting the stage for updated resource estimates and an enhanced project outlook.

QMines Limited’s initial drilling results at Mount Mackenzie confirm high-grade gold and silver mineralisation, reinforcing the project’s potential within their Central Queensland hub strategy.

Carnaby Resources has reported significant new high-grade copper-gold drill results at its Greater Duchess Project, including a standout 6m at 12.6% copper equivalent at Trek 1. These discoveries extend mineralisation well beyond existing resources and bolster the ongoing pre-feasibility study.

Antipa Minerals has announced a significant update to its Minyari Project resource, now totaling 3.3 million ounces gold equivalent, reinforcing its potential as a standalone development in Western Australia's Paterson Province.

Pacgold has secured approval to restart heap leach irrigation at its White Dam Gold Project and is progressing a significant drilling campaign to upgrade resources, setting the stage for a production restart in 2026.

Cavalier Resources has reported further high-grade gold assay results from its Southern Development Area at the Crawford Gold Project, confirming promising extensional mineralisation beyond the Stage 1 Starter Pit. The company is advancing plans to upgrade its Mineral Resource Estimate while awaiting additional assay data.

FireFly Metals has successfully raised approximately A$139 million through a multi-part equity raising, significantly bolstering its cash reserves to advance its flagship Green Bay Copper-Gold Project in Newfoundland. The company also closed its oversubscribed Share Purchase Plan early, reflecting strong investor demand.

Cosmo Metals has reported promising results from its maiden drilling at the Spring Creek prospect, confirming continuity of high-grade gold mineralisation and identifying new target zones along a major regional trend.

Lefroy Exploration has received a second $0.75 million cash advance from BML Ventures, reinforcing its funding position ahead of key production milestones at the Lucky Strike Gold Project.

Torque Metals has raised $16.2 million through a $15 million placement and early option exercises, setting the stage for an aggressive drilling campaign at its Paris Gold Project in Western Australia.