Latest Project Economics News

Star Minerals has raised $1.5 million through a share placement to fund critical drilling and mining approvals at its Tumblegum South Gold Project, aiming for production start in early 2026.

Pursuit Minerals progresses its Rio Grande Sur lithium project with a refined commercial plan and feasibility study, while expanding into gold through the Sascha Marcelina acquisition. A recent $4 million placement strengthens its financial position for growth.

PhosCo Ltd reports a significant 50.5m phosphate intersection at its KM prospect in Tunisia, reinforcing strong project economics and prompting a potential acceleration of production schedules.

Minerals 260 Limited has expanded its Bullabulling Gold Project drilling program to 110,000 meters following strong high-grade gold intercepts, with an updated resource estimate due in December 2025. Initial metallurgical tests show gold recoveries exceeding 95%, bolstering project economics as the pre-feasibility study advances.

Western Gold Resources reports promising early drilling results and a significant upgrade to its Gold Duke Project economics, supported by a $6.75 million capital raise to fund production.

Industrial Minerals Ltd has announced a maiden inferred mineral resource of 6.2 million tonnes at 98% silica for its Pippingarra Quarry Project in Western Australia, positioning the company to meet growing global demand for high purity quartz.

VRX Silica Limited has entered a conditional contract to acquire the Arramall farm site adjacent to its Arrowsmith North project, aiming to reduce capital and operating costs while shrinking its environmental footprint.

Benz Mining Corp. has completed the acquisition of the remaining 25% interest in its Quebec-based Eastmain Gold Project and Ruby Hill Properties, consolidating full ownership and enhancing its strategic gold portfolio.

Godolphin Resources has reported a substantial upgrade to its Lewis Ponds gold, silver, and base metals resource, alongside successful capital raising to fund ongoing development and exploration.

Mount Ridley Mines reports a maiden inferred gallium resource of 838.7 million tonnes at its Mt Ridley Project, marking a significant step in Australia's critical minerals landscape amid global supply chain shifts.

Podium Minerals has successfully raised A$7 million through an oversubscribed entitlement offer, strengthening its cash position to advance the Parks Reef PGM Project. The capital raise follows a prior A$5 million placement, bringing total equity raised to A$12 million.

Nelson Resources has submitted a Program of Work for an extensive drilling program at its Yarri Gold Project, with MEGA Resources set to fully fund operations up to $10 million. Drilling is expected to begin shortly after regulatory approval.