Latest Mineral Resource Estimation News

Ora Banda Mining Limited reports a 24% increase in Ore Reserves and a Mineral Resource growth to 2.11 million ounces at its Davyhurst Gold Project, setting the stage for an ambitious $73 million exploration program in FY26.

Askari Metals has agreed to sell its Australian gold assets to Forrestania Resources for A$700,000, enabling a strategic pivot towards its promising African exploration projects.

Hillgrove Resources has completed its Nugent Acceleration Project ahead of schedule, boosting underground development and early ore processing. However, the company has lowered its 2025 copper production guidance and raised cost estimates due to geological challenges.

Tesoro Gold’s updated Scoping Study for the El Zorro Gold Project in Chile highlights a technically straightforward open pit operation with strong economics, projecting 1.26 million ounces of gold production over 13.5 years.

Pacgold’s latest drilling at the Alice River Gold Project reveals high-grade gold intersections, including visible gold up to 42.3 g/t, supporting a potential Mineral Resource Estimate upgrade. Regional drilling continues with promising targets ahead.

Benz Mining reports robust drilling results at Zone 126 within its Glenburgh Gold Project, confirming a multi-lens, kilometre-scale high-grade gold system with significant growth potential.

Forrestania Resources has confirmed high-grade gold mineralisation at its Lady Lila prospect, upgrading the JORC-compliant resource to over 40,000 ounces. A third drilling campaign is planned to further expand the deposit.

Resouro Strategic Metals updates the timing for its non-brokered private placement, aiming to close in the week of 15 September 2025. The funds will accelerate engineering work for the Tiros Titanium-Rare Earths Project’s Preliminary Economic Assessment.

Emmerson Resources and Tennant Mining have formalised the White Devil Gold Project as a Major Mine JV, with Emmerson retaining a 40% contributing interest. Meanwhile, the Golden Forty deposit shifts to a Small Mines JV, providing Emmerson with a royalty stream.

Flagship Minerals’ review of Anglo American’s drill data at the Pantanillo Gold Project in Chile reveals robust down dip gold mineralisation and many drill holes ending in mineralisation, supporting a fast-tracked JORC resource upgrade and significant growth potential.

Metals Australia Ltd reports key milestones in its Lac Carheil Graphite Project, achieving battery-grade spherical graphite purity and selecting Sept-Îles as the preferred site for its Battery Anode Material plant.

Great Boulder Resources has intensified its exploration at the Side Well Gold Project with a third drilling rig now operational, targeting geotechnical and metallurgical studies at Ironbark alongside ongoing resource definition at Eaglehawk and Ironbark North.