Latest Mineral Resource News

BOA Resources has secured firm commitments for a $9.245 million placement to fund the next phase of exploration across its 100%-owned Neds Creek copper project in Western Australia. The raise comes as high-grade Ricci Lee results build momentum, with further assays from 104 holes still pending.

Tambourah Metals has reported high-grade gold at Baxters Sth, including a fresh-rock intersection of 3 metres at 35.5 g/t, while opening a $2.2 million entitlement offer to fund its exploration program. The results are encouraging, but the mineralisation remains an early-stage discovery with continuity and orientation yet to be established.

Adavale Resources has secured A$4.65 million in placement funding to expand its Parkes gold resources, advance exploration and complete a Scoping Study expected in November. The raising comes as the company reports a 383koz gold inventory assembled over the past 20 months.

Pantoro Gold delivered 21,864 ounces from Norseman in the September quarter, while cash and gold rose to $240 million despite $36.3 million of project and exploration spending. Underground staffing recovered, Green Lantern began mining and Racetrack drilling returned further high-grade results.

OD6 Metals has converted a run of high-grade Nevada fluorspar discoveries into a proposed 10,000-metre maiden drilling and bulk-sampling campaign. The company ended September with A$1.775 million in cash, but a subsequent A$6.92 million placement lifted pro forma funds to about A$8.695 million before costs and later movements.

Fortescue shipped 46.8 million tonnes of iron ore in the September quarter, but sales fell 3.9Mt short as negotiations with China Mineral Resources Group remained unresolved. Costs rose, net debt climbed to US$2.8 billion and inventory is expected to increase further, even as the miner advanced its Blacksmith and green technology projects.

American Uranium’s Mine Unit 1 pump test sustained 19.2 gallons per minute for 48 hours, producing results the company says support an in-situ recovery development pathway at Lo Herma. The data now feed into a planned Scoping Study, although further testing and permitting work remain.

Evolution Mining delivered record FY26 profit, cash flow and dividends as higher metal prices helped push the balance sheet into net cash. The annual report also sets out a sizeable copper growth program, a proposed Carnaby acquisition and the operational risks that could test the next phase.

AuKing Mining has extended its high-grade rare earths story at Tundulu while reporting just 1.21 quarters of funding at its current cash burn. The company is also building a broader critical minerals portfolio across Malawi and Greenland, but much of the next phase depends on assays, option exercises and further funding.

Patagonia Lithium has completed its latest Cilon drilling campaign with Well 8 delivering 2,043 litres per hour and rapid aquifer recovery, while a corrected estimate put the pumped lithium at a preferred 30kg. The result now feeds into a resource upgrade, but a disappointing Well 9 infill hole adds uncertainty about aquifer continuity.

VHM Limited (ASX:VHM) has strengthened the funding and revenue case for its Goschen rare earths and mineral sands project, securing a binding Iluka offtake agreement alongside up to A$40 million in convertible note funding. The project remains short of a Final Investment Decision, with total funding needs estimated at A$482 million.

Rokeby Resources has defined a maiden 6,100-ounce Inferred JORC resource at the Maude tailings stockpile in Victoria, adding to a broader 17,497-ounce surface stockpile inventory. The opportunity is shallow and potentially low-capital, but the estimate still rests on historical data, assumed density and incomplete metallurgical evidence.