Latest Monazite News

Fortuna Metals has completed deeper drilling beneath its large inferred Mkanda rutile-graphite resource, returning broad mineralised intersections and a peak rutile grade of 3.43%. The company ended September with A$11.43 million in cash as it moves towards further resource definition and technical studies.

Alurion Resources has moved its Amargosa bauxite project into a field development program after completing its A$50 million IPO and ASX listing. Drilling, bulk sampling and logistics work are now feeding a direct-shipping-bauxite pre-feasibility study targeted for mid-2027.

Lindian Resources says its Kangankunde rare earths project remains on track for first monazite concentrate production in December, with equipment testing and export preparations now underway. The company also reported $45 million in cash, full ownership of its Kazakhstan processing plant and a newly disclosed appeal of a previously dismissed Malawi court case.

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.

European Resources has lifted bench-scale magnet rare earth extraction at its Korsnäs project to 92% and is moving towards a mixed rare earth carbonate sample for potential customer assessment. The progress comes alongside a new eastern exploration anomaly and a reported cash runway of about two quarters.

Enova Mining has proposed a 50-for-1 share consolidation that would reduce its current share count from about 2.278 billion to roughly 45.552 million, subject to shareholder approval. The final post-consolidation figure could be substantially higher if its proposed funding and Brazilian acquisition securities proceed.

Lion Rock Minerals has reported repeated shallow heavy-mineral zones with significant monazite at Minta Est, including up to 1.94% estimated TREO and 3.62% calculated monazite in recovered concentrate. Early magnetic-separation tests also concentrated up to 84.1% of calculated TREO into less than 27% of recovered heavy-mineral mass, although the results remain preliminary and HMC-based.

Tyranna Resources has identified high-grade surface anomalies at its Coola project in Angola, including soil assays of up to 13.18% TREO and 3.9% Nb₂O₅. The results refine drill targets ahead of a maiden program planned for the second quarter of 2027, subject to wet-season conditions.

Osmond Resources has secured the maximum €250,000 provisional grant in the first round of Spain’s national mineral exploration program, while preparing to start a 13-hole campaign at its Orión project. The company has also issued 85 million shares to retain its 80% interest in the project-owning vehicle.

Osmond Resources’ preliminary study has put a US$2.31 billion post-tax NPV on its Spanish rare earths and mineral sands project, but the headline economics rest on a scoping-level model and a US$300 million funding requirement. The next test is whether drilling, metallurgy, permitting and financing can turn the attractive concept into a financeable mine.

Hastings Technology Metals has cut its annual loss sharply, but its latest report flags a material uncertainty over whether the pre-production rare earths company can secure the funding needed for Yangibana and its proposed Thai processing plant. The uncertainty comes as Wyloo seeks to sell its 60% Yangibana stake despite a study showing attractive project economics.

RareX has moved Cummins Range through key permitting and heritage milestones, while stronger metallurgical results broaden the project’s critical-minerals potential. But the explorer’s annual loss widened to A$5.07 million, cash burn remained high and its going-concern assessment still depends on future funding and project development.