Latest Pre Feasibility Study News

The week was split between big earnings reactions and small-cap rocks-and-rigs rallies. Pro Medicus sank despite record numbers, while a handful of explorers jumped on fresh discoveries and policy wins.

Explorers led the Materials tape as fresh drill stories and new ground deals pulled buyers into small caps. Big miners still delivered, but the loudest moves came from companies offering investors a near-term catalyst.

Carnaby Resources has reported significant shallow, high-grade copper and gold drill results at its Trek 1 prospect, reinforcing the potential for an open pit development within the Greater Duchess Copper Gold Project.

Evolution Mining has approved nearly $800 million in capital investments across key projects, aiming to boost production and returns significantly. The company also expands its exploration footprint in Canada, signaling a robust growth strategy.

St Barbara Limited has expanded its Nova Scotia exploration portfolio with 44 new targets near its 15-Mile Processing Hub, aiming to extend the mine life beyond 11 years. The company has acquired 174 exploration licences and plans extensive drilling and sampling in 2026.

Aurum Resources is rapidly advancing its West African gold projects, boasting a 3.28 million ounce resource and aiming for 450,000 ounces annual production within five years. The company leverages a unique owner-operated drilling fleet and a central processing hub to accelerate growth.

True North Copper has increased its Cloncurry Copper Project mineral resources by 7% in copper and 9% in gold, underpinning ongoing feasibility studies and future drilling plans.

Tungsten Mining has completed a $53 million placement, oversubscribed by institutional investors, positioning the company to accelerate development of its key tungsten projects. The funds will support exploration and feasibility studies with results expected later this year.

Kairos Minerals has received the final $10 million payment from Pilbara Minerals under a key tenement sale, lifting its cash reserves to $35 million and setting the stage for expanded exploration and feasibility studies at the Mt York Gold Project.

A single exploration name blew the doors off the leaderboard, while two well-known uranium plays and a Nevada explorer sank hard. Behind the noise: deals got closer to completion, big raisings reset prices, and several “good news” gaps didn’t survive the week.

A single drill program in WA delivered a once-a-year spike, while several small caps fell hard after reopening with price gaps. This week also saw big money raised for gold and uranium builds, and a run of resource upgrades across critical minerals.

Kalamazoo Resources has successfully closed an oversubscribed Share Purchase Plan, raising $4.1 million to fast-track drilling and development at its Ashburton Gold Project. Combined with a recent placement, the company secures $12.1 million to advance exploration and pre-feasibility studies.