Latest Preliminary Economic Assessment News

Mont Royal Resources has kicked off a comprehensive work program at its Ashram Rare Earth and Fluorspar Project following a transformative merger and a successful $10 million capital raise. An updated Preliminary Economic Assessment is expected by the end of Q1 2026.

FireFly Metals has significantly expanded its Green Bay Copper-Gold Project resource by 51%, backed by a substantial A$149 million equity raise, positioning the company for accelerated development and economic studies.

Maronan Metals has secured crucial environmental approvals and completed promising drilling and metallurgical work, underpinned by a strong capital raise and rising silver prices.

Mt Malcolm Mines NL has taken a major step forward with the acquisition of a 500,000 tonnes per annum gold processing plant and an oversubscribed $3.05 million capital raise, while drilling at Picnic South confirms consistent near-surface gold mineralisation.

Cygnus Metals reports robust high-grade drill results outside its existing resource at the Chibougamau Copper-Gold Project, driving a 29% increase in global resource and advancing economic studies.

American West Metals has announced a significant upgrade to its Storm Copper Project resource, boosting contained copper by 20% and silver by 36%, with a Pre-feasibility Study due in Q1 2026.

Southern Cross Gold Consolidated Ltd. has achieved a pivotal regulatory milestone enabling underground exploration at its Sunday Creek project, backed by strong drilling results and a robust cash position of $130.4 million.

MinRex Resources Limited and Electrum Discovery Corp. have agreed to merge, creating a well-capitalised gold-copper exploration company with advanced projects in Serbia and Australia. The combined entity aims to accelerate resource growth and exploration across two Tier-1 jurisdictions.

Fortescue Ltd has announced a binding agreement to acquire the remaining 64% of Alta Copper, gaining full control of the Cañariaco Copper Project in Peru. The deal values Alta Copper at C$139 million and aligns with Fortescue’s expanding copper strategy.

FireFly Metals has launched a dual capital raising initiative, combining a $5 million Share Purchase Plan for eligible shareholders and a C$15 million Canadian flow-through share offer, aimed at funding key development and exploration activities at its Green Bay Copper-Gold Project.

Power Minerals Limited has amended its Rincon Lithium Project Joint Venture announcement to clarify mineral resource categories and assumptions, retracting financial forecasts to avoid investor confusion. The Rincon JV incorporation is imminent, unlocking a $4 million investment to advance lithium brine development.

FireFly Metals has raised approximately A$139 million to accelerate exploration and development at its Green Bay Copper-Gold Project in Canada, setting the stage for a major resource expansion and a Final Investment Decision in 2026.