Latest Mineral Resources News

VBX has expanded the Wuudagu Bauxite Project’s resource to 143.2 million tonnes, but its FY26 accounts expose acute funding pressure, with just $301,208 in cash and an auditor warning of material uncertainty over going concern. The definitive feasibility study has been pushed into the first quarter of 2027 while the company relies on fresh equity, related-party funding and prospective strategic partners.

Valiant Gold’s first annual report shows a newly listed gold company with $62.8 million in cash, no debt and two Western Australian projects moving from demerger to execution. The immediate test is whether Comet can be restarted while drilling at Reedy converts resource potential into something mineable.

Kalgoorlie Gold Mining has finished FY2026 with a larger exploration footprint at Pinjin, deeper mineralisation at Kirgella Gift and Providence, and high-grade results at Lighthorse. The company has also raised $3.4 million after year end, although its exploration-stage balance sheet remains dependent on continued access to capital.

Resource Base Limited (ASX:RBX) reduced its FY2026 loss, but ended the year with only $140,776 in cash and an auditor warning of material uncertainty over its ability to continue as a going concern. The company is relying on fresh capital to advance early-stage titanium targets in South Australia.

Unico Silver has more than tripled its reported silver-equivalent resource base across Joaquin and Cerro Leon, ending FY26 with A$55.1 million in cash and a maiden Joaquin Pre-Feasibility Study ahead. The next stage will test whether geological scale can become an economically viable project.

Hot Chili’s La Verde copper-gold discovery has expanded rapidly enough to become a cornerstone of the Costa Fuego project, while new funding gives the company room to pursue the next studies and permits. The key test now is whether drilling can translate into a maiden resource and a credible development case.

Juno Minerals has completed the sale of its Mount Mason project for A$6 million plus a 2% production royalty, but the buyer has pushed development into 2027. The company is now concentrating on finding a partner for its large, capital-intensive Mount Ida magnetite project.

ACDC Metals enters FY27 with a larger Nevada exploration footprint and a 10-year licence over its Goschen Central rare earths project, but a sharply higher annual loss and ongoing funding needs remain part of the picture. The company plans up to 2,500 metres of reverse-circulation drilling at Mount Jackson in Q4 CY2026.

Audalia Resources has outlined a 24.2 million tonne Medcalf resource, a maiden 11.77 million tonne probable ore reserve and study economics of up to $227 million in NPV. But the ASX-listed developer also reported a $1.31 million loss, only $720,861 in cash and an auditor warning over its ability to continue as a going concern.

Australian Gold and Copper expanded its exploration footprint and advanced major targets during FY2026, but the campaign came with a larger loss and a sharp reduction in cash. The company now has a 38.5Moz silver-equivalent Achilles resource, a newly acquired Junee gold portfolio and further funding demands ahead.

eMetals has shifted its exploration focus from Uganda to a larger Utah tungsten project, where high-grade re-assays have set up a 17-hole drilling campaign. But the ASX-listed explorer ended the year with $1.79 million in cash, $1.40 million of deferred consideration and an auditor-highlighted material uncertainty over its ability to continue as a going concern.

Oceana Metals has begun a 20,000-metre diamond drilling campaign at its Serra Negra rare earths project in Brazil, backed by high-grade historic assays and fresh capital. But the company’s $11.5 million FY2026 loss and an auditor-highlighted material uncertainty over going concern add a harder edge to the exploration story.