Latest Processing Options News

Viking Mines is advancing its Linka tungsten project in Nevada across drilling, metallurgy, processing, permitting and growth workstreams, but the proposed restart remains pre-resource and pre-feasibility. Pending assays, bulk-sample testing and US permitting will determine whether the fast-to-market strategy can become a mine development case.

Dynamic Metals has secured a staged pathway to acquire up to 70% of a north Queensland fluorspar project, where selective surface samples returned calculated results as high as 98.8% CaF₂ equivalent. The early-stage opportunity requires A$400,000 in cash and A$2.5 million of exploration spending, with continuity and scale still unproven.

Alvo Minerals has expanded its Bluebush heavy rare earth project in Brazil, with new ground, encouraging clay intercepts and Florence drilling advancing toward a maiden resource. But quarter-end cash of A$227,000 covered only 0.28 quarters of reported outgoings before a subsequent A$1 million placement and option exercises.

American West Metals has completed the technical work for its Storm Copper Project pre-feasibility study and maiden Ore Reserve, while drilling at West Desert continues to widen a copper, zinc and molybdenum system in Utah. The milestones arrive with A$5.453 million in cash and an estimated 1.58 quarters of funding at the quarter-end spending rate.

CuFe has begun a 20,100 metre drilling campaign at Tennant Creek while pursuing a conditional deal to take full ownership of the copper-gold-bismuth project. The proposed 1.6 billion-share acquisition could give Gold Valley and its associates about 53% of CuFe, making project consolidation and dilution central to the next stage of the story.

Tanami Gold has moved its Central Tanami Project into a more active development phase, with Macmahon mobilising for a 3,500-metre Groundrush exploration decline and drilling continuing at Jims. The company ended September with $63.261 million in cash, although development spending lifted quarterly investing outflows to $9.375 million.

American Uranium has increased its Lo Herma uranium resource by 16% and lifted the Indicated portion by 72%, while positive aquifer testing supports the technical case for in-situ recovery. The gains come with a pressing funding question, as AMU reported only 0.4 quarters of available cash at September end.

Greenwing Resources has progressed DLE testing at its San Jorge lithium project and pushed its Que River pre-feasibility study into early 2027. But with A$1.807 million in cash and an estimated 1.6 quarters of funding at current outflows, project progress remains tied to new financing or strategic deals.

Metal Bank has shifted its first-production focus to the larger Homestead deposit in Western Australia, targeting production in 2027 as mining approvals and technical studies advance. The company also raised a further $752,400 after quarter end, but the path from resource to mine still depends on drilling, metallurgy, approvals and funding.

Australasian Metals is moving toward a December decision on its proposed Côte d’Ivoire expansion, with Atex auger drilling expected to begin in November. The explorer ended September with approximately $3 million in cash and no debt after a $1.05 million placement.

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.

Star Minerals has secured a 24-month Ore Purchase Agreement with Forrestania Resources for up to 400,000 tonnes of Tumblegum South mill feed. Haulage of the first batch is scheduled to begin on 23 October, putting the company’s planned first gold pour closer to an operational test.