Latest Project Economics News

FireFly Metals has raised approximately A$190 million through institutional and bought deal placements, positioning the company to advance its Green Bay Copper-Gold Project with early works, drilling, and feasibility studies ahead of a mid-2027 investment decision.

Latitude 66 Limited has announced a maiden Mineral Resource Estimate for its Tin Dog Prospect and an upgraded resource at Red Dog within the Laverton Gold Project, boosting its total gold inventory to 339,000 ounces at Laverton and 918,000 ounces globally.

Nex Metals and its Aboriginal partner WTAC have applied for a 100ha lease to build processing infrastructure for the Kookynie Tailings Project, while metallurgical tests show promising gold recovery rates and potential tungsten by-product.

Far East Gold’s independent scoping study for the Idenburg Gold Project spotlights a substantial high-grade inferred resource at Sua, underpinning a clear development pathway and a planned drilling campaign to boost confidence and advance feasibility.

St George Mining has formally begun environmental permitting for its Araxá Project in Brazil, submitting key assessments to Minas Gerais regulators as it moves toward developing a rare earths and niobium mine.

Horizon Gold has unveiled significant gold intercepts from recent RC drilling at its Gum Creek Project, notably confirming an 800-metre southern extension at the Howards prospect alongside promising results at Heron South and Melbourne Bitter, underpinning potential resource growth ahead of planned updates.

Encounter Resources has reported further high-grade niobium intersections at its Emily and Green deposits within the Aileron Project, Western Australia, and commenced diamond drilling to test mineralisation depth at Emily.

WIN Metals has completed a preliminary study for the Radio Gold Project, revealing a low-capital restart plan targeting 20,200 ounces of gold production over 29 months with an 11-month payback period.

Canyon Resources has postponed its first bauxite shipment from the Minim Martap project due to a suspension of loan drawdowns by AFG Bank and complications arising from an unsolicited takeover bid. The company is pursuing multiple funding avenues while managing cash carefully amid these setbacks.

Andromeda Metals has successfully produced 4N High Purity Alumina (HPA) with 99.9986% purity at continuous pilot scale, marking a crucial step towards commercialisation and customer evaluation under a strategic supply agreement with Traxys.

Comet Ridge has completed the acquisition of Santos' 42.86% interest in the Mahalo Gas Project, gaining 100% ownership and operatorship of the Mahalo Gas Hub. This move removes joint venture constraints and positions Comet Ridge to advance development in a tightening east coast gas market.

Hot Chili Limited has reported another tranche of impressive drill results from its La Verde copper-gold discovery in Chile, underscoring the deposit’s expanding high-grade core ahead of a maiden resource estimate.