Latest Project Economics News

Delta Lithium has announced a substantial 46% increase in the gold resource at its Mt Ida Project, now exceeding 1.1 million ounces, alongside plans to spin off its gold assets into a new ASX-listed entity, Ballard Mining.

Peel Mining Limited has reported a significant upgrade to its Wagga Tank Mineral Resource Estimate, enhancing the South Cobar Project’s global resource base and advancing its pre-feasibility study with promising cost and timeline benefits.

Vital Metals is nearing completion of a pivotal Scoping Study for its Tardiff deposit in Canada, while spearheading a new Canadian rare earths consortium and securing fresh funding to support its development ambitions.

Far East Gold Ltd has advanced its exploration efforts in Indonesia with imminent drilling at Idenburg and Trenggalek, backed by a $4.78 million strategic investment from Xingye Gold, increasing their stake to nearly 20%.

Anson Resources has applied to re-enter the Mt Fuel-Skyline Geyser 1-25 well at its Green River Lithium Project to test for lithium-rich brines, aiming to upgrade its exploration target to a JORC Mineral Resource.

Carnaby Resources has launched a maiden drilling campaign at the Trekelano Copper Gold Project, aiming to bolster its Greater Duchess Pre-Feasibility Study and unlock further resource potential.

Brazilian Rare Earths Limited (ASX:BRE) reported exceptional exploration results in the March 2025 quarter, including record high-grade rare earth assays at Monte Alto and Pelé projects, alongside a strategic royalty agreement with Rio Tinto for its Amargosa Bauxite-Gallium Project.

Cavalier Resources has extended its non-binding $11 million US stream finance term sheet with Raptor International, aiming to fully fund the development of the Crawford Gold Project Stage 1 open pit and near-mine drilling. A revised Pre-Feasibility Study underscores strong project economics with a 580% IRR and a 9-month payback period.

Arrow Minerals has reported a maiden Mineral Resource of 185 million tonnes at 42.3% alumina for its Niagara Bauxite Project, alongside strong progress on a scoping study targeting June 2025 completion. The company is also advancing its Simandou North Iron Project with strategic partnerships and metallurgical work.

Siren Gold has submitted a Mining Permit application for its Sams Creek gold project in New Zealand, supported by a robust Scoping Study and plans for infill drilling to upgrade resource confidence. Exploration momentum continues at its Langdon’s and Queen Charlotte projects, positioning the company for a transition from exploration to development.

Equinox Resources’ maiden drilling at Mata da Corda reveals a rich titanium mineral assemblage, setting the stage for pilot-scale processing and resource definition. Ongoing metallurgical testwork aims to unlock multi-commodity potential including iron and rare earth elements.

Coda Minerals has expanded its Elizabeth Creek copper-cobalt-silver project with new drilling success at Emmie East, revealing mineralised shale beyond the main resource. Concurrent metallurgical testwork aims to boost recoveries and reduce capital costs.