Latest Mineral Resource News

Coda Minerals has recovered up to 83.3% of the cobalt remaining after leaching into a concentrate representing just 4% of the residue mass. The result adds a potentially valuable recovery step to Elizabeth Creek, but it remains preliminary laboratory work and is absent from current project economics.

Brightstar Resources has intersected 173 metres at 1.42g/t gold beneath the current Two Mile Hill-Shillington resource, extending mineralisation into an area not yet included in the estimate. Three more holes are awaiting assays, while a larger 6,500-metre follow-up program is due to begin this month.

BPM Minerals has completed 9,060 metres of drilling at Beachcomber and 2,854 metres at Bonnie and Clyde, with a stream of assays due through early 2027. The company is targeting a maiden JORC-compliant resource at Beachcomber in the first half of 2027, while a looming BPMOB option expiry could provide up to $3.24 million in additional capital.

Apollo Minerals has completed a detailed airborne survey and identified the Véronique-Upper Zone as the first target for planned underground drilling at its Couflens tungsten-gold project in France. The company ended September with $6.4 million in cash and $0.4 million in listed investments, while its reinstated exploration permit remains subject to a five-year work plan.

Vault Minerals generated $95.7 million in underlying free cash flow during the September quarter, while completing its King of the Hills Stage 2 upgrade ahead of schedule and maintaining FY27 production guidance. Operational performance was mixed, with weather, lower grades and underground constraints weighing on output at several sites.

Catalyst Metals delivered record Plutonic Gold Belt production and a sharp lift in earnings during FY2026, while its Ore Reserve base climbed to 1.971 million ounces. The company now has four operating mines, a large cash buffer and a pipeline aimed at doubling annual production, but safety performance and execution remain important tests.

Wiluna Mining is asking investors to fund an $180 million relisting and mine-restart plan after a processing-tank rupture halted its revenue-generating operations. The company delivered a $59.5 million FY26 profit, but its prospectus warns that near-term gold sales are not expected and the restart remains unproven.

Mt Malcolm Mines has reported high-grade shallow gold intercepts and mineralisation extending roughly 350 metres west of the previously drilled Golden Crown area. The results broaden the exploration target, but pending split assays and unknown true widths leave the resource-growth case unfinished.

Sierra Nevada Gold has started a 25,000-metre second-phase drilling campaign at its As Safra copper-gold project in Saudi Arabia, with the first assay results due in November. The company is directing capital and management attention to Saudi Arabia while exploring commercial options for its Nevada portfolio.

Scorpion Minerals has outlined a materially larger open-pit opportunity at Old Prospect, with an optimisation identifying 16,159 ounces of gold from two pits. The result is an early development signal, but it depends on a A$6,000 per ounce gold assumption and is not yet a feasibility study or ore reserve.

Sarytogan Graphite’s upstream DFS supports a 50,000-tonne-a-year Kazakhstan graphite operation with a pre-tax NPV8 of US$132.7 million, but the company remains unfunded and without binding offtake. Trading in its shares has also been suspended while it seeks Western Australian court orders over an inadvertently unlodged options prospectus.

Golden Dragon Mining has finished an approximately 2,800-metre RC drilling program at its Cue Gold Project after reporting high-grade results and a more than 3-kilometre gold corridor. The company also ended the September quarter with A$4.11 million in cash following a strategic A$2.2 million investment from Chengtun Gold.