Latest Mineral Resource News

Benz Mining has defined a 100-200 metre-wide mineralised system across the first kilometre of the 3km Icon trend, with stacked gold lenses continuing beyond 500 metres vertically. The results add weight to the company’s push for a maiden Glenburgh resource in Q1 2027, while leaving the critical question of true widths and resource scale unresolved.

PolarX has extended high-grade copper mineralisation 60 metres beyond the Caribou Dome resource boundary, with one hole returning 58.5 metres at 2.0% copper. Magnetic data points to another 500 metres of potential western extension, although 13 assay results and further drilling remain outstanding.

Core Lithium has reported its longest mineralised intersection yet at the Blackbeard prospect, with diamond hole NMRD104 returning 92m at 1.25% Li2O. The result strengthens evidence of continuity near the Finniss processing plant, although assays remain pending and Blackbeard has no Mineral Resource.

Oceana Metals has completed its acquisition of the Serra Negra rare earths and niobium project in Brazil, turning an exploration proposal into its central operating asset. Four diamond rigs are now drilling toward a maiden JORC resource, although two mining-right amendments and part of the transaction consideration remain unresolved.

Skylark Minerals has more than tripled the Inferred Mineral Resource at its Zaranou Gold Project in Côte d’Ivoire to 1.20 million ounces after 2026 drilling at M’Basso. The company has also signed a binding agreement to lift its project interest from 51% to 90% for US$1.2 million.

Sinclair Gold has extended gold mineralisation up to 230 metres beyond the northern Mt Henry resource boundary, including a 0.4-metre interval grading 122.7g/t. Drilling has also identified mineralisation 250 metres south of the main resource, with assays pending from 30 holes.

NewPeak Metals is preparing to drill at least 1,000 metres west of its broad Las Opeñas discovery, where gold grades have increased towards the Belleza Breccia volcanic centre. The funded campaign will test whether the large gold-polymetallic system contains a more valuable gold-dominant core.

QMines has intersected further high-grade copper-gold mineralisation beneath the flooded Mt Chalmers pit, led by 26.2 metres at 2.0% copper equivalent including 2.4 metres at 9.1% CuEq. The results strengthen the geological model and leave mineralisation open, but continuity, true widths and the eventual resource impact remain unconfirmed.

Medallion Metals is moving towards first gold production, with Cosmic Boy processing scheduled to begin this month and initial sales expected in November. At Kundip, the first box-cut blast is complete and underground development remains targeted for December.

WA1 Resources has reported broad, high-grade niobium intersections from infill drilling at the eastern zone of its Luni Project, with 41 further assays still pending. The results are intended to support a Q1 CY2027 resource update targeting an initial Measured Resource, while the Pre-Feasibility Study remains on track for completion this quarter.

Hot Chili has confirmed a second porphyry centre south of its La Verde copper-gold discovery in Chile, with RC drilling returning a broad, shallow copper intersection. A deeper diamond hole shows extensive sulphide mineralisation visually, but laboratory assays are still required before the scale can be properly assessed.

BPM Minerals has completed 9,060 metres of a record Forelands drilling campaign, with post-quarter assays returning its best Beachcomber result to date. The company is now advancing maiden drilling at Bonnie & Clyde while working towards a maiden resource estimate targeted for the first half of 2027.