Latest Mineral Resource News

Mandrake Resources has announced a significant maiden Inferred Resource of 3.3 million tonnes of Lithium Carbonate Equivalent at its Utah Lithium Project, alongside securing a US$1 million grant from the US Department of Energy to support further exploration and development.

Gold Road Resources reports a 6% increase in attributable Mineral Resources to 4.81 million ounces and a 5% rise in Ore Reserves to 1.92 million ounces as of December 2024, driven by deeper open pit expansions and high-grade additions at Gilmour.

Antipa Minerals reports robust progress at its Minyari Dome Gold-Copper Project, highlighted by a positive Scoping Study and promising Phase 2 drilling results, alongside a strengthened cash position of A$36.5 million following a strategic equity raise and asset sale.

NuEnergy has finalized the Gas Sales and Purchase Agreement for its Tanjung Enim project and is advancing drilling preparations, marking a key step toward production and revenue generation.

Resource Base Limited reports a solid cash position of $1.06 million and ongoing lithium exploration progress at its Wali and Ernst Lake projects in Quebec, alongside rare earth element developments in Australia.

Geopacific Resources has successfully closed a fully subscribed A$40 million entitlement offer, positioning the company to advance its Woodlark Gold Project with a major drilling program and updated feasibility study.

Olympio Metals has secured an option to acquire 80% of the promising Dufay Copper-Gold Project in Quebec and plans to commence drilling imminently, while divesting non-core assets to strengthen its balance sheet.

Coppermoly Limited has raised $1.05 million through a share placement to fund its 2025 copper and gold exploration projects in Queensland’s Mt Isa and Cloncurry regions. The capital injection underscores the company’s commitment to advancing its resource portfolio in a highly prospective mining district.

Patagonia Lithium has announced a significant inferred mineral resource of 3.816 million tonnes lithium carbonate equivalent at its Formentera project, highlighting strong lithium concentrations and promising extraction technology that could accelerate production timelines.

Patagonia Lithium Ltd has announced a maiden JORC Inferred Mineral Resource Estimate of 3.8 million tonnes of Lithium Carbonate Equivalent at its Formentera Lithium Brine Project in Argentina, highlighting significant potential for resource upgrades through ongoing drilling and advanced extraction technology.

Saturn Metals reports strong assay results from its Apollo Hill Gold Project, reinforcing the deposit’s continuity and supporting its heap leach development strategy. An interim resource upgrade is imminent, with extensive drilling ongoing.

Star Minerals secures shareholder approval for its Cobra Uranium Project in Namibia and prepares for maiden drilling, while progressing gold exploration in Western Australia amid a modest capital raise.