Latest Mineral Resource News

29Metals Limited (ASX:29M) swung to a $24 million net profit in 2025, powered by steady copper output at Golden Grove despite seismic disruptions, cost efficiencies, and key progress on growth projects including Gossan Valley and Capricorn Copper restart.

Aruma Resources has kicked off its maiden diamond drilling campaign at the Tillex Copper-Silver Project in Ontario, aiming to expand the known high-grade copper mineralisation and deliver a substantial resource estimate.

Astral Resources has reported strong drilling results across its Western Australian gold projects, progressing the Mandilla Definitive Feasibility Study (DFS) and securing $1.76 million in a recent placement tranche. The company maintains a healthy cash position of $73 million as it targets first gold production in early 2028.

Scorpion Minerals has submitted a mining lease application for the Old Prospect gold tenements in WA, moving to secure and expand a high-grade JORC resource through planned drilling and strategic partnerships.

Many Peaks Minerals has delivered a maiden Mineral Resource Estimate of 1.3 million ounces of gold at its Ferké Gold Project in Côte d’Ivoire, predominantly in high-confidence categories and supported by ongoing drilling and development work.

West Cobar Metals has revealed a significant uplift in antimony grades at its Bulla Park deposit after reanalysing drill core with peroxide fusion digest, suggesting the deposit's contained metal and economic potential may be materially higher than previously reported.

Leeuwin Metals has secured Mining Lease M77/1300 over the Evanston deposit, marking a crucial step toward development at its Marda Gold Project. All current Mineral Resources at Marda now reside on granted leases, underpinning future production plans amid ongoing exploration.

Yandal Resources has mobilised multiple rigs to its Ironstone Well-Barwidgee Gold Project, advancing extensional drilling at the Arrakis discovery and preparing for diamond drilling at Flushing Meadows, underpinning a busy 2026 exploration calendar.

Brazilian Critical Minerals and Southern Alliance Mining have agreed to collaborate on rare earth production, focusing on in-situ recovery methods to leverage operational experience and advance BCM’s Ema project.

Kingfisher Mining has resumed reverse circulation drilling at its Copper Blow project near Broken Hill, targeting extensions of high-grade copper-gold mineralisation to support a maiden resource estimate. The program follows a strategic processing agreement with Broken Hill Mines, underpinning development plans.

AuKing Mining has agreed to acquire the Tundulu Rare Earths Project in Malawi, a large and under-explored carbonatite complex with strong historical drilling results. The acquisition is supported by a $3 million capital raise to fund exploration and drilling activities.

IRIS Metals has fortified its balance sheet with a A$5.5 million placement and is progressing towards an updated lithium-rubidium resource at Beecher while executing a farm-in deal for a tungsten project in Montana, reinforcing its diversified US critical minerals strategy.