Latest Resource Classification News

First Au Limited has completed over 4,000 metres of reverse circulation drilling at its Gimlet Gold Project, aiming to upgrade its 120,000-ounce inferred gold resource to an indicated classification. Early geological observations align with existing models, with assays pending to refine the resource estimate.

Adavale Resources has uncovered significant resource growth potential at its London-Victoria gold deposit through historic data recovery and a new structural geology study, setting the stage for an imminent drilling campaign.

Encounter Resources has uncovered a new high-grade niobium and rare earth element zone 500 metres east of its Crean resource, highlighting the expanding potential of the Elephant Island Fault corridor in Western Australia.

Nimy Resources announces a maiden JORC Inferred Mineral Resource at its Mons Block 3 project in Western Australia, featuring exceptionally high-grade gallium and significant rare earth oxides, positioning the company as a potential key supplier amid global supply constraints.

Stellar Resources has raised an extra A$500,000 through a placement to a major shareholder, adding to a recent $12.4 million capital influx aimed at advancing its Heemskirk Tin Project in Tasmania amid robust tin market demand.

Canterbury Resources and Alma Metals have completed a positive Scoping Study for the Briggs Copper Project, confirming a 2Mt copper resource and strong metallurgy. Prefeasibility studies are now underway to refine resource confidence and project economics.

Horseshoe Metals reports strong drilling results confirming extensive shallow copper mineralisation at its Horseshoe Lights Project, with Direct Shipping Ore operations set to begin this quarter amid active offtake and funding talks.

Capricorn Metals has expanded its Orion South Underground Mineral Resource Estimate at Mt Gibson to 895,000 ounces, marking a 31% increase since July 2025. This growth, driven by extensive diamond drilling, underscores the project's underground potential alongside ongoing open pit operations.

Viridis Mining and Minerals has secured a pivotal non-binding Letter of Support from Bpifrance, confirming eligibility for strategic financing of its Colossus Rare Earths Project in Brazil. This milestone propels the project closer to final investment decision and strengthens its position in the critical minerals supply chain.

Clara Resources is set to begin a critical drilling program at its Ashford coking coal project in early 2026, aiming to enhance resource confidence and support a Preliminary Feasibility Study that will refine the project's economic outlook.

Horseshoe Metals has reported strong shallow copper mineralisation at its Motters Zone, boosting confidence in resource upgrades and paving the way for imminent Direct Shipping Ore operations.

Sweden’s Parliament has voted to overturn its uranium mining ban, effective January 2026, paving the way for Aura Energy to fully develop its polymetallic Häggån project with uranium extraction now permitted.