Latest Mineral Resource News

Medallion Metals and IGO have revised terms for Medallion’s acquisition of the Forrestania Nickel Operation, securing full asset ownership with a royalty on future gold production. The transaction targets completion by late 2025, underpinning a new gold-copper producer in Western Australia.

Golden Horse Minerals reports robust assay results from 15 recent drill holes at Hopes Hill, confirming continuous high-grade gold mineralisation over 1.3km. Plans are underway to accelerate drilling with a diamond core rig to deepen geological understanding and advance resource definition.

C29 Metals has signed a binding Heads of Agreement with Bask International Group to form a joint venture targeting advanced copper and gold exploration projects in Kazakhstan, aiming to rapidly expand its portfolio and scale.

Adavale Resources has announced its first independent JORC 2012 Inferred Mineral Resource Estimate of 115,000 ounces of gold at the London-Victoria Gold Project in NSW, highlighting significant upside potential through planned drilling.

Redcastle Resources’ latest assays confirm expanded high-grade gold mineralisation at the Kestrel Lode and significant deep mineralisation at Redcastle Reef, underpinning upcoming resource updates and advancing development plans.

Saturn Metals has significantly upsized its Share Purchase Plan to $9.25 million, raising total capital of $32.25 million to accelerate development of its Apollo Hill Gold Project and expand exploration in Western Australia.

Torque Metals has confirmed multiple downhole electromagnetic (DHEM) conductors at its Paris Gold Project, pointing to significant extensions of high-grade gold mineralisation beyond the current resource estimate. This breakthrough highlights substantial exploration upside within a prolific Western Australian gold belt.

OD6 Metals has secured regulatory approval to resume exploration at its historic Gulf Creek Copper Project in NSW, with assay results from six completed drill holes expected soon to shape future programs.

Rox Resources has raised A$40 million through a strongly supported institutional placement to accelerate early development works at its high-grade Youanmi Gold Project, significantly de-risking the pathway to production.

TG Metals has updated its Van Uden Gold Project resource model following recent drilling and resurveying, revealing significant high-grade gold intercepts and confirming mineralisation continuity along a 2.5km strike. An updated JORC-compliant Mineral Resource Estimate is expected by the end of May 2025.

Patagonia Lithium Ltd reports exceptional Nuclear Magnetic Resonance (NMR) porosity and specific yield results from well JAM24-04 at its Formentera Lithium Brine Project in Argentina, revealing porosity values more than double previous estimates and promising lithium concentrations that bolster project viability.

Turaco Gold has announced a significant 40% increase in its Afema Project gold resource in Côte d’Ivoire, now totaling 3.55 million ounces at an improved grade of 1.2g/t. The company is advancing towards a pre-feasibility study and environmental assessments, underpinning the project’s growing stature in West Africa.