Latest Mineral Resource Estimation News

PC Gold has reported broad, higher-than-modelled gold intersections at Spring Hill, including a 29.65-metre zone grading 4.32 g/t gold. Several assays remain outstanding, but the results extend Link Zone mineralisation about 30 metres beyond the current model ahead of a planned December 2026 resource update.

Unity Metals has secured an oversubscribed $3.5 million placement and plans a further $1 million share purchase plan to accelerate drilling across its Cambodian gold projects. The raise gives the explorer funding to test extensions at O’Phlay and new targets at Ngot, but also brings dilution and shareholder-approval hurdles.

Flynn Gold has lodged a prospectus for a one-for-three renounceable rights issue priced at 1.5 cents, offering shareholders a heavily discounted entry point alongside free options. The partially underwritten raise is intended to fund Golden Ridge drilling, a maiden Firetower resource estimate and working capital.

Aurum Resources has extended gold mineralisation beyond the current resource at its BST1 deposit, with standout intercepts including 2.63 metres at 76.74 g/t gold and 24 metres at 6.31 g/t. The results will feed into a Boundiali resource update targeted for early Q4 2026 and a definitive feasibility study due late this year.

Peninsula Energy has increased the reported uranium resource at its Lance Project in Wyoming to 59.0 million pounds, with the Ross area delivering the clearest gain. The update adds confidence around Mine Unit 4, but remains a mineral resource estimate rather than a reserve or production forecast.

WIN Metals has lodged two major Western Australian permit applications covering the proposed restart of its Radio Gold Project. The milestone advances the project toward construction, but funding, approvals and a final investment decision remain outstanding.

Cannindah Resources has expanded drilling at its Mt Cannindah copper-gold project, identifying the Southern Shoot and extending the Southern Porphyry Target, while equity raisings lifted cash to $14.1 million. The exploration-led result came with a larger annual loss and a substantially expanded share count.

LinQ Minerals finished its first full year as an ASX-listed explorer with $16.23 million in cash after spending heavily on Gilmore drilling and raising $15.4 million. The company reported encouraging gold and copper results, but its next phase will test whether exploration success can translate into a larger resource and a credible development pathway.

Lunnon Metals has delivered thick, consistent gold intersections at the Plentiful prospect, where drilling now sits at approximately 20m by 20m spacing. The company is moving towards modelling and economic assessment, although a separate deep-drilling target failed to deliver enough encouragement for further work.

Caspin Resources has reported its strongest Bygoo tin intersection to date, while early test work points to 83.8% tin recovery into a high-grade concentrate. The gains come with familiar exploration-stage caveats: a $5.70 million annual loss, $5.03 million of operating cash outflow and continued reliance on equity funding.

Australian Rare Earths has converted Koppamurra from an exploration story into a defined rare earths development case, with an A$858 million after-tax PFS NPV and a maiden Ore Reserve. The next test is less geological than financial: the company must fund the path from pilot processing to construction while carrying a material going-concern warning.

Flynn Gold is pushing Golden Ridge and Firetower towards resource definition, but its FY2026 annual report flags a material going-concern uncertainty and a cash balance of just A$1.11 million. A partially underwritten A$3 million rights issue now sits alongside drilling, permitting and a non-binding processing pathway with Henty Gold Mine.