Latest Mineral Resource News

Famien Resources has reported gold mineralisation in most holes from a 3,672-metre RC program at the Bonougbara Trend in Côte d’Ivoire. The explorer is planning geophysical work and follow-up drilling while expanding its permit portfolio and redirecting focus away from Western Australia.

Sandfire Resources has extended high-grade polymetallic sulphide mineralisation at its La Juliana prospect in Spain, with drilling confirming 160 metres of strike and electromagnetic surveys indicating potential for at least 350 metres. The exploration result arrived alongside a steady first-quarter operating performance, with FY27 guidance retained.

Patronus Resources has reported gold mineralisation below the existing Tally Ho resource, shallow results at Davies No. 2 and a broad intercept at Hydra. The ASX-listed explorer ended September with $72.029 million in cash and liquid investments, giving it room to keep drilling while assays remain outstanding.

Latitude 66 ended September with A$4.647 million in cash after asset disposals supplied most of the quarter’s funding, while exploration spending and KSB development work move into a more active phase. The company now has a 2,500-metre Finnish drilling program underway, but no financing facilities available.

Final assays from Zenith Minerals’ Dulcie Central drilling have confirmed gold mineralisation in 20 of 24 holes across a corridor excluded from the company’s existing 675,000-ounce Inferred Resource. The results now move the project towards a possible maiden resource estimate, although continuity and classification are yet to be established.

Hamelin Gold has reported an ultra-high-grade 2-metre interval grading 101.5 g/t gold from its Phase 2 drilling at Day Dawn, alongside extensions to the Aurora and Altus lodes. Further RC assays and diamond drilling results could provide the next test of how continuous and extensive the system is.

Platina Resources has confirmed a broad, shallow gold system at Sunrise Bore, with only about 200 metres of a 1.2km mineralised trend tested so far. The ASX-listed explorer ended September with A$10.746 million in cash after completing the US$14 million sale of its Owendale scandium project.

Argosy Minerals has upgraded the JORC mineral resource at its Rincon Lithium Project to 790,000 tonnes of lithium carbonate equivalent, with 600,000 tonnes classified as Indicated. A separate conceptual Exploration Target of up to 1.03 million tonnes has been identified below the resource, adding potential upside ahead of further drilling and the project’s Definitive Feasibility Study.

Metal Hawk has reported its strongest Leinster South drilling result to date, including 9 metres at 12.3g/t gold at the Numbat lode. A $1.2 million placement is funding further RC and diamond drilling, with the next assays due in November.

Vita Resources is positioning itself as a small, focused Australian and New Zealand gold explorer, with Ninnis in Western Australia and a new Otago pipeline forming the centrepiece. The company says New Zealand exploration is expected to begin in 2027, while its early-stage projects remain dependent on exploration success, funding and approvals.

Li-FT Power has returned a 56-metre intersection grading 1.43% Li₂O from the first assays of its 2026 drilling campaign in Quebec. The results strengthen the company’s geological interpretation ahead of a planned resource estimate and preliminary economic assessment in early 2027, although most of the program remains to be reported.

Xpedra Resources has completed its first 31 Springfield RC holes with broad gold mineralisation now traced across 400 metres of strike and open at depth and along strike. A larger 4,000 to 5,000 metre drilling campaign is due to begin shortly, while the company has added the historic Neeld Gold Project to its NSW portfolio.