Latest Mineral Resource News

Kantra Copper delivered a fifth consecutive quarter of higher copper production, with net group cash flow rising 72% to $14.2 million and cash reaching $44.1 million. The ASX-listed miner also began Emily Star development and moved its Coburn project closer to a pre-feasibility study.

Maronan Metals has completed more than 15,000 metres of a 40,000-metre infill program and is preparing to accelerate work at its Queensland project with a proposed A$20 million placement. The funding remains subject to shareholder approval, while a new chief executive is due to take charge in November.

Silver Mines has begun its first modern drilling program at the Kramer Hills gold project in California, targeting shallow oxide mineralisation and possible deeper sulphide zones. The 22-hole campaign will test a conceptual exploration target of up to 445,000 ounces, but the project remains well short of a JORC Mineral Resource.

Evergold Minerals will acquire the Rabbit Warren tenements near Leonora for $50,000 cash and $150,000 in shares, gaining access to a historic gold discovery with an untested 1982 intercept of 3 metres at 23 g/t. The opportunity is inexpensive, but the geological evidence remains largely historical and unverified.

Native Mineral Resources has lifted Blackjack’s weekly doré output for a second consecutive week, with the latest 552oz smelt the operation’s largest since August. October production has reached 1,376.2oz, although the newest bars still await Perth Mint refining.

GBM Resources has recorded rougher flotation recoveries of 92% to 99% from composite samples at its Twin Hills Gold Project in Queensland. The early results strengthen the case for conventional processing, although weaker 309 CIL recoveries mean the project’s final flowsheet remains unresolved.

FMR Resources has completed planning for at least 2,000 metres of drilling at La Lorena and identified five new intrusive targets in an eastern structural corridor. The Chile-focused explorer also exercised its Los Warbos option after quarter end, but reported cash of A$3.786 million and an estimated 2.51 quarters of funding at the September quarter’s spending rate.

PC Gold has reported a run of thick, stacked gold intercepts at its 1.51Moz Spring Hill project, with five of eight diamond holes delivering best single intercepts of about 70 gram-metres or more. The results add momentum ahead of a targeted December Mineral Resource Estimate update, while coarse-gold sampling and pending assays remain important variables.

Encounter Resources has extended a shallow, high-grade niobium zone at Joyce across more than 400 metres of strike, bringing a maiden resource estimate into view. The company has also identified copper anomalism in the southern part of the prospect, although that result remains early-stage.

Kingfisher Mining has reported strong September-quarter drilling results across its Broken Hill portfolio and secured approximately $2.25 million for further exploration. The next test is whether follow-up drilling can turn high-grade intersections into a larger, coherent mineralised system.

Cobre has secured 150,000 tonnes of low-cost ENAMI oxide material while testing two ways to recover copper from Sierra Atacama’s old leach infrastructure. The initiatives could lift SX-EW utilisation, although the historical pad opportunity remains early-stage and non-JORC.

ACDC Metals has moved Mount Jackson from target generation towards field execution, with BLM approval now in hand for a 15-hole program and up to 2,500 metres of RC drilling. The company ended September with $2.744 million in cash after raising $976,000 from an entitlement offer shortfall.