Latest Mineral Resource News

AuKing Mining is proposing to acquire up to a 75% interest in the Qeqertaasaq niobium and rare earths project in West Greenland without an upfront payment. The project carries striking historical grades, but the data is not JORC 2012 compliant and still needs independent verification.

Terra Metals has reported broad PGM-copper-nickel intersections beginning at or near surface at its Southwest discovery in Western Australia. The results strengthen the geological continuity case ahead of a maiden Mineral Resource Estimate targeted for Q1 2027, although true widths, recoveries and final resource scale remain unconfirmed.

Titan Minerals has reported broad, near-surface gold-silver-copper mineralisation at Kaliman and wider, higher-grade intercepts at Brecha-Comanche within its Dynasty project in Ecuador. The results add momentum to a 20,000-metre drilling program ahead of a planned Q1 2027 resource update and scoping study.

Aureka has extended the known Irvine gold system 725 metres north with two significant gold zones from its first scout hole into a previously untested conceptual target. The results support further drilling, but remain exploration intercepts rather than a new mineral resource.

49 Metals says every hole in its maiden Gold Mountain campaign intersected gold or silver, including a high-grade 27.4-metre interval and a 170.7-metre broad intercept. A second drilling campaign is now testing whether the Adit Zone has the continuity and scale needed to support a maiden mineral resource estimate in 2027.

Valiant Gold has pushed dewatering at its Comet mine to 170 metres below surface, while core facilities, ventilation and power infrastructure move into place. The company continues to target first production in the second half of FY27, with several execution milestones due in Q2 FY27.

Native Mineral Resources has surpassed 6,000oz of refined gold production at Blackjack, while its latest weekly smelt produced 527.6oz of doré. October’s record ambitions now depend on Perth Mint results and two remaining smelts.

Tasman Resources has received South Australian approval for its Parkinson Dam environmental programme, clearing the regulatory path for a 20-hole drilling campaign. The programme now hinges on contractor appointments and a drilling start date, with historical high-grade gold and silver results providing the geological rationale.

Zenith Minerals has reaffirmed its support for Forrestania Resources’ takeover, arguing that the completed Edna May acquisition and A$310 million capital raising outweigh a sharply lower implied offer value. The recommendation comes with a clear split: long-term shareholders may favour the combination, while shorter-term holders may reasonably reject it.

Legend Mining is preparing to test its Pyrophyllite Hill gold prospect with a 50-hole aircore program after completing heritage surveys. The explorer ended September with $9.24 million in cash, although the reported 19.5-quarter funding estimate is based on a relatively modest quarter of spending.

Image Resources says it knows of no undisclosed information that could explain its share price more than doubling between 9 and 13 October. The response follows an ASX price query prompted by the move and a surge in trading volume.

Matrix Critical Minerals has opened an IPO seeking up to $12 million to advance Orbit Resources’ Narraburra Rare Earths Project. Eligible Orbit shareholders can apply for up to 10 million Matrix shares, although the proposed listing still depends on funding, ASX approval and shareholder consent.