Latest Mineral Resource News

Haranga Resources has opened its second Lincoln drilling campaign with a high-grade 32-metre gold intercept, including a 1-metre section at 51.4g/t. The result is encouraging for a resource-confidence programme, but the reported interval is downhole rather than true width and the campaign remains unfinished.

PLS has approved the A$1.9 billion P2000 expansion, targeting roughly 2 million tonnes a year of spodumene concentrate from Pilgangoora by 2029. The investment comes alongside a 31% increase in contained lithium reserves and a separate underground growth option.

WIN Metals is positioning Radio as a potential near-term gold operation, but its A$1.99 million cash balance remains far below the estimated A$19 million funding requirement. Deloitte has highlighted a material uncertainty over the company’s ability to continue as a going concern.

Neometals reported high-grade gold and copper intersections at Barrambie during the September quarter, but its cash position remains tight after drawing a A$2 million secured loan. The company estimated only 1.08 quarters of funding and is still pursuing A$5 million in unpaid placement proceeds.

Midas Minerals has identified up to three high-grade copper positions at its Deblin deposit in Namibia, with assays returning intervals of up to 4.89% copper. The expanding target will now be tested with deeper drilling, additional rigs and metallurgical work ahead of a planned maiden resource estimate in early 2027.

Estrella Resources has upgraded confidence in its Werumata limestone project, moving 274Mt into the Indicated category after expanding bulk-density data. The total resource falls to 533Mt from 621Mt, but the company says the change reflects revised density assumptions rather than less mineralised rock.

Freehill Mining has secured A$600,000 from a placement and launched a further A$606,943 entitlement offer as September aggregate sales reached a record A$506,121. The funding will support Islón plant upgrades, working capital and permitting for the Blanco y Negro copper-gold project.

Aurelia Metals delivered a sharply stronger FY26, with revenue, EBITDA and net profit rising as Federation entered commercial production and gold output exceeded revised guidance. The next test is whether the company can convert that momentum into higher throughput while managing costs, safety and execution risk.

Broken Hill Mines has lifted quarterly ore processing to its highest level since 2020 and silver production to a record 102,922 ounces. The result comes as the restarted Pinnacles mine reaches its first clean high-grade bench, opening a path toward greater use of the Rasp plant.

OD6 Metals has reported surface channel samples of up to 24 metres at 51.1% CaF₂ and rock-chip grades reaching 98.4% at Blue Bell in Nevada. The first-pass results elevate Blue Bell to Quinn’s fourth priority target, although drilling is still needed to establish scale, continuity and true widths.

Native Mineral Resources delivered its strongest quarter since restarting the Blackjack plant, with fine gold outturn up 84% to 2,330.9oz and operating cash flow turning positive. The result improves the production picture, but the company remains reliant on debt-funded development and a steady handover from Mid Pit to North Pit.

Auric Mining has moved from study work towards execution at its Burbanks-Munda gold plan, securing processing infrastructure for A$1.2 million and reporting strong Munda drilling results. The company is targeting mining at Munda in late 2027 and first gold from Burbanks in early 2028, subject to approvals and project execution.