Latest Project Studies News

Auric Mining has completed settlement on the Union Jack gold project near Coolgardie for A$6.5 million in cash, with a further A$3.0 million in shares subject to shareholder approval. The 102,000-ounce Inferred resource will be tested by a major drilling campaign from November as Auric builds feed options for its planned Burbanks restart.

Celsius Resources has reported a sharply wider FY2026 loss after impairing its disputed interest in the MCB copper-gold project, while an Equinaire credit bid has complicated ownership of the Philippine asset. The company is relying on a pending Opuwo sale, fresh financing and arbitration to keep its development strategy alive.

St George Mining’s Araxá project now boasts a 111.2Mt rare earths resource after a major post-year-end upgrade, alongside 630,000 tonnes of contained niobium. The 2026 annual report shows a company moving rapidly towards development, but still without an ore reserve, mine design or production decision.

Brazilian Critical Minerals has reported striking economics for its Ema rare earths project, including a US$1.47 billion post-tax NPV, 105% IRR and six-month payback. The company’s A$7.87 million FY2026 loss, December debt maturity, permitting requirements and unresolved Drake dispute leave the development case dependent on execution and further funding.

Brightstar Resources has nearly doubled the Two Mile Hill-Shillington Mineral Resource to 1.45 million ounces, with the Indicated component rising 177% to 526,000 ounces. The result lifts the broader Sandstone Gold Project to 3.6Moz, while assays from deeper drilling could provide another resource catalyst later in 2026.

Australian Rare Earths has converted Koppamurra from an exploration story into a defined rare earths development case, with an A$858 million after-tax PFS NPV and a maiden Ore Reserve. The next test is less geological than financial: the company must fund the path from pilot processing to construction while carrying a material going-concern warning.

Wia Gold has moved Kokoseb from exploration into a proposed mine development backed by a 1.95 million ounce Probable Ore Reserve, A$217 million in equity raised since May and indicative US$360 million debt terms. The funding pathway is substantial, but it still depends on permits, lender approvals and final documentation before construction can fully proceed.

Aurum Resources has secured A$52.5 million from institutional investors to begin long-lead procurement and other early works at its Boundiali gold project before the definitive feasibility study is complete. The raise strengthens the balance sheet, but also adds 95.45 million shares ahead of two major technical milestones.

McLaren Minerals has moved its flagship McLaren Titanium Project into bankable feasibility, backed by a 529 million tonne resource and a 663-hole drilling campaign. But the pre-revenue explorer remains reliant on further funding, with the Barossa acquisition still conditional and 118.4 million options issued after year-end.

Encounter Resources has reported its highest-grade niobium intersection yet at the Green Deposit, with drilling extending beyond the existing resource boundary. The result strengthens the case for further resource growth, but follow-up drilling is needed to establish continuity and true widths.

Encounter Resources has identified a shallow, high-grade niobium zone at Joyce, 6 kilometres east of its Green deposit, with drilling ending in mineralisation. Assays from surrounding holes are due in October and will determine whether the zone has meaningful lateral continuity.

Great Divide Mining has consolidated and restated a high-grade gold resource at its Adelong Project, confirming 169,700 ounces of contained gold with over half classified as Measured or Indicated.