Latest Project Optimisation News

Mandrake Resources has strategically refined its Utah Lithium Project tenure by securing three key SITLA leases in the project’s central zone and relinquishing marginal blocks, positioning itself for upcoming bulk lithium brine production and technical evaluation.

Turaco Gold’s Pre-Feasibility Study for the Afema Project in Côte d’Ivoire outlines a robust gold development producing around 200,000 ounces annually over a decade, backed by a maiden 1.91Moz Ore Reserve and a US$2.1 billion post-tax NPV.

Macro Metals has uncovered high-grade iron assays up to 62.1% Fe in newly mapped areas adjacent to its existing 16.1Mt @ 54.2% Fe resource at the Extension Iron Project, while environmental surveys clear the way for upcoming approvals.

VBX Limited has secured key environmental approvals that reduce the Wuudagu bauxite project footprint by nearly 10% while allowing mining rates up to 9 Mtpa. The project advances with a finalized Environmental Review Document and ongoing Definitive Feasibility Study, promising significant community and economic benefits.

Critica Limited is progressing its Jupiter and Mt Lindsay projects with key resource updates, metallurgical breakthroughs, and strategic partnerships, targeting Scoping Study completion in Q3 2026.

Osmond Resources has unveiled new channel sample assays from Spain’s Orión project, revealing outstanding heavy mineral grades that strengthen the case for its maiden Mineral Resource Estimate. Phase 2 drilling is poised to start pending final approvals, while a Scoping Study advances towards completion in late 2026.

Legacy Minerals has received NSW Government approvals for an 8,000m diamond drilling campaign at its Mt Carrington Project, targeting promising extensions at Mascotte and first-ever modern testing at the Emu copper-gold prospect.

Green Technology Metals (ASX: GT1) secures A$11 million to complete feasibility studies and permitting for its Seymour Lithium Project, aiming for first ore in 2028 amid a recovering lithium market and strong Canadian support.

KGL Resources has secured a US$300 million streaming agreement with Wheaton Precious Metals, unlocking early construction funding for its Jervois Copper-Silver-Gold Project. The updated Baseline Economic Model highlights robust returns with a post-tax NPV8 of A$839 million and a 30% IRR, underpinning the path to production.

EMC Gold is pushing forward with a drilling campaign at its Salave Gold Project while navigating a procedural setback from the High Court of Asturias. The company also surrendered its Ivan Well tenement in WA and maintains a solid cash position of CAD$4.6 million.

PhosCo Ltd advances its Gasaat Phosphate Project with robust drilling results at KM and SAB deposits, confirming thick, high-grade mineralisation. Imminent maiden resource estimates and a significant new discovery at DOH underscore the project's growing global significance amid supply chain disruptions.

Buru Energy has enhanced the Rafael Gas Project’s mid-case value by over 45% through new engineering insights, while securing A$5.3 million to advance development. The company delayed appraisal drilling to 2027 to optimise funding and project design, and navigates a leadership change with CEO Thomas Nador stepping down.