Latest Mineral Resource Estimation News

Lithium Energy Limited has reported promising initial assay results from its latest drilling program at the Burke-Mt Dromedary graphite deposits, revealing substantial high-grade graphite mineralisation that could expand and unify its resource base.

IRIS Metals has secured a farm-in agreement to earn up to 100% ownership of the Finley Basin Tungsten Project in Montana, marking a strategic expansion into a critical mineral vital for defence and advanced manufacturing.

Victory Metals Limited has reported a record-breaking rare earth oxide intersection of 11,565 ppm TREO at its North Stanmore project, reinforcing its status as a world-class heavy rare earth deposit. The December 2025 drilling program also advances resource confidence and metallurgical prospects, positioning the project as a key Western supplier of critical rare earths.

Strata Minerals is set to restart drilling at its Zelica Gold Project, aiming to expand high-grade gold zones and fast-track a maiden resource estimate. The project corridor now extends over 8km following a recent acquisition.

Western Gold Resources has locked in critical approvals and agreements to accelerate production at its Gold Duke Project in Western Australia, backed by an updated resource estimate and a binding toll milling contract.

Metal Bank reports exceptional gold recovery results from its Seven Leaders Prospect near Kalgoorlie, highlighting a 72.5% gravity recovery and over 99% leaching efficiency, underpinning its near-term production ambitions.

Far East Gold has reported significant assay results extending high-grade gold mineralisation at its Sua prospect in Papua, Indonesia, with a resource update imminent and further drilling planned.

Neometals has upgraded the Ironclad gold deposit resource at its Barrambie Project to 15,000 ounces, with a significant portion now classified as Indicated, underpinning plans for near-term development.

Caprice Resources has raised $12.74 million in a strongly supported placement to accelerate exploration drilling across its Murchison Gold Projects, positioning the company for a busy period of assay results and new targets.

Lodestar Minerals has secured a major drilling contract to advance its Ned’s Creek Gold Project towards a maiden resource estimate in 2026, targeting key prospects with a 10,000-metre program.

Vital Metals has reported exceptional rare earth element assay results at its Nechalacho project, revealing record grades and identifying six new exploration targets beyond the current resource. A 1000m drilling program is underway, supporting the project's district-scale potential.

Western Gold Resources is advancing its Gold Duke Project with a 12,000-metre Life of Mine extension drilling program running alongside Stage 1 production, aiming to boost resources and extend mine life.