Latest Project Economics News

Andel Resources has exercised its option to enter a binding Right to Mine Agreement with Reach Resources, committing to fully fund mining and processing at the Murchison South Gold Project in Western Australia.

Adavale Resources has reported a standout 19m intercept at 4.0g/t Au well outside the current London-Victoria Mineral Resource Estimate, signalling potential for a significant resource upgrade due in Q3 2026.

Alice Queen Limited has bolstered its Horn Island gold project with an updated resource of 569,000 ounces and a robust Project Definition Study showing a pre-tax NPV of A$706 million. A 2026 drilling program is underway to test a large-scale Exploration Target of up to 2.3 million ounces.

Astral Resources has uncovered significant deep gold mineralisation beyond the current resource at its Mandilla Project, with broad high-grade zones in newly completed diamond drill holes. The expanded drilling program highlights Theia’s growth potential and sets the stage for upcoming feasibility and exploration activities.

Euro Manganese has signed a non-binding term sheet with US battery materials producer 6K Energy, marking a critical step towards commercialising its Chvaletice manganese project with validated product quality and supportive financing terms.

Li-FT Power has consolidated its Quebec lithium assets through the Winsome acquisition, secured an option on the Renard mine site, and bolstered its balance sheet with a C$20 million financing to fuel exploration and development.

PMET Resources posted a CAD 2.1 million net loss for Q1 2026, bolstered by strategic partnerships and a strong cash position as it pushes forward with its flagship Shaakichiuwaanaan lithium project.

Accent Resources NL confirms no undisclosed information behind recent share price spike, attributing trading activity to positive metallurgical results from its Magnetite Range Project.

Carnaby Resources has released final drill results from the Greater Duchess Project, confirming two key discoveries with significant copper-gold mineralisation. The company is advancing development plans ahead of a proposed Evolution Mining acquisition.

Adavale Resources' latest assays from five drill holes reveal consistent, wide gold mineralisation beneath the London-Victoria open pit, reinforcing expectations for a resource upgrade this quarter.

A2MP Investments FZCO has kicked off an off-market takeover offer for the remaining 44.44% of Canyon Resources shares it does not already control, valuing the company at about A$103 million equity and A$188 million enterprise value. The bid comes amid deteriorating project economics and funding challenges for Canyon's Minim Martap Bauxite Project.

Wia Gold has locked in A$125 million through a placement at A$0.425 per share, completing the funding package for its Kokoseb Gold Project in Namibia. This capital raise, alongside a proposed US$360 million debt facility, sets the stage for construction and first gold production targeted in late 2028.