Latest Mineral Resource Estimation News

Brazilian Rare Earths Limited confirms a new high-grade rare earth district at Sulista, Bahia, with extensive mineralisation over 7 km strike and an exploration target of 12–18 Mt at 4–6% TREO. Ongoing drilling and geophysical surveys aim to advance towards maiden resource estimates.

Flagship Minerals has confirmed exceptional gold recoveries exceeding 80% from oxide material at its Pantanillo Gold Project in Chile, significantly derisking its path toward resource conversion and heap leach development.

Audalia Limited has announced a significant update to its Medcalf Titanium-Vanadium Project Mineral Resource Estimate, increasing the Indicated category by 35% and setting the stage for Ore Reserve calculations.

Norwest Minerals has confirmed significant down-dip and along-strike gold extensions at its Bulgera project following Phase 1 drilling, setting the stage for a resource upgrade and further exploration.

Patronus Resources (ASX, PTN) reveals a robust financial position with $70 million in cash and investments against a market cap near $100 million, underpinned by 2.3 million ounces gold equivalent resources in Tier-1 Australian jurisdictions. The company’s active exploration and strategic acquisitions signal promising growth ahead.

Neometals has integrated previously unreported historic drill assays into its Barrambie Gold Project dataset, enhancing the Ironclad deposit’s exploration profile and paving the way for upcoming drilling campaigns.

Tivan Limited has agreed to acquire full ownership of the Molyhil Tungsten-Molybdenum Project, positioning itself at the forefront of critical minerals development in Australia's Northern Territory. This strategic move complements its adjacent Sandover Fluorite Project, promising operational synergies and accelerated growth.

Metal Bank Limited has completed due diligence on Hastings Technology Metals' gold assets and is set to commence drilling at the Seven Leaders prospect, marking a key step in its Western Australian gold expansion strategy.

OzAurum Resources has regained full control of the Mulgabbie North Gold Project feasibility study, initiating inhouse metallurgical testing that has already surpassed industry benchmarks, setting a strong technical foundation for potential gold production.

Verity Resources has launched its Phase 2 drilling campaign at the Monument Gold Project, aiming to upgrade and expand its 154,000-ounce inferred gold resource in Western Australia’s Laverton Goldfields.

Medallion Metals has taken a crucial step forward by ordering a secondary ball mill to upgrade the Cosmic Boy Concentrator, underpinning its Sulphide Production Strategy and advancing its feasibility study toward a final investment decision.

Hillgrove Resources has reported significant high-grade copper and gold mineralisation extensions at its Nugent deposit within the Kanmantoo Copper Mine, enhancing resource understanding ahead of first production. Ongoing drilling and an updated resource estimate are set to shape the mine’s near-term development.