Latest Mineral Resource News

Turaco Gold has reported high-grade gold extensions at Begnopan and Asupiri-Adiopan, including a 6-metre hit at 18.52g/t, as it prepares to update Afema’s 4.65Moz Mineral Resource. The results remain exploration data rather than a new resource or reserve, but several intersections sit beyond existing models and Ore Reserve boundaries.

GreenTech Metals has extended the tested Ayshia mineralised trend at Whundo by about 65 metres beyond its existing resource envelope, with drilling returning 4.76 metres at 7.13% copper plus zinc, gold and silver. The ASX-listed explorer enters the December quarter with more Whundo assays, a resource update and Munni Munni target testing still ahead.

QMines has doubled its Mt Chalmers drilling campaign to 20,000 metres while reporting $10.7 million in cash and a further $1.4 million in contracted receivables. The September quarter also delivered a higher Mount Mackenzie resource, fresh Botos drilling and a pipeline of assays that could shape the next resource update.

Red Metal’s latest column tests have extended the heap-leach case to the largest ore type at its Sybella rare earth project, with 65% neodymium and 68% praseodymium extraction from fresh granite. The result brings 598 million tonnes of fresh granite into the company’s pre-feasibility study, although the ore requires a longer leach cycle than its weathered counterparts.

Venus Metals has completed a second 1,541-metre RC drilling program at Bellchambers after intersections including 20 metres at 2.72 g/t gold. The explorer ended September with $25.8 million in cash and Rox Resources shares, despite returning about $35 million to shareholders during the quarter.

Resolution Minerals has confirmed at least 500 metres of open-ended gold mineralisation at Golden Gate North in Idaho, with two new holes returning more than 320 metres of downhole gold-bearing intervals. The results strengthen the geological picture, but true widths, economic significance and the ultimate scale of the system remain unresolved.

Marmota has extended the high-grade Greenewood gold system north and to depth, with mineralisation now traced across more than 2km of strike. The latest assays include 8 metres at 11.5 grams per tonne gold, although the results are still based mainly on initial 4-metre composites and do not yet establish a mineral resource.

Stelar Metals has repositioned around the Hill of Leaders Tungsten Project after rock-chip assays reached 15.69% WO₃, but the discovery remains early-stage and the company is still loss-making. A subsequent A$2.628 million placement gives the explorer more room to test the system with maiden drilling.

Valiant Gold has moved its Comet mine restart from re-entry into a construction and commissioning phase, with power, ventilation and dewatering systems advancing ahead of a H2 FY27 production target. The company ended the September quarter with $62.5 million in cash and term deposits while drilling at Reedy continued to test resource growth.

Cadoux has extended WIM-style rare earth-zircon mineralisation onto its Wimmera joint venture ground, with Toolondo returning 20 metres at 0.86% in-situ zircon from just 8 metres. The result is promising but remains early-stage: rare earth chemistry is incomplete and no resource has been estimated.

Great Dirt Resources has identified three Priority 1 lithium targets at its Pilbara project, while NSW rock-chip sampling returned manganese grades of up to 55.1%. The explorer ended September with A$3.401 million in cash and an estimated 8.2 quarters of funding.

Brazilian Rare Earths has lifted Monte Alto’s Indicated ultra-high-grade resource by 41% to 3.54 million tonnes at 10.71% TREO, strengthening the geological base for mine planning. The company is now targeting a feasibility study for a staged concentrate-export operation by the end of 2026, although the updated resource is not yet an Ore Reserve or a new production forecast.