Latest Resource Classification News

Yari Minerals has increased its inferred coal resource at the Rolleston South project by 26% to 190 million tonnes and raised $1.5 million to fund an inaugural drilling campaign aimed at upgrading resource status and confirming metallurgical coal potential.

Manhattan Corporation reveals exceptional surface assay results from its Hook Lake Project in Nunavut, highlighting untapped high-grade gold and silver mineralisation at the Quantum and Lotus prospects. The company plans maiden drilling in 2026 to further explore these promising targets beyond the known Jaws deposit.

Cygnus Metals has promoted Nick Kwong to CEO as the company focuses on updating economic studies and expanding resources at its Chibougamau Project. The leadership change aligns with a dual strategy targeting resource growth and a refreshed Preliminary Economic Assessment.

Chilwa Minerals has successfully raised A$8.125 million through a private placement anchored by the Mota family office, aiming to fast-track its critical minerals project in Malawi.

Nico Resources has progressed its Wingellina nickel-cobalt project through updated resource estimates, detailed metallurgical testwork, and a strategic review of scandium extraction, even as nickel market conditions remain subdued.

Verity Resources reports strong Phase 1 infill drilling results at its Monument Gold Project, validating geological models and supporting a resource upgrade. Phase 2 drilling is underway to explore further expansion potential.

Astral Resources reports robust assay results from its Theia Deposit in-fill drilling program, reinforcing the potential for a profitable starter pit at its Mandilla Gold Project. Ongoing diamond drilling and regional exploration at Feysville aim to further unlock value.

Ballard Mining’s September quarter report highlights promising drilling results at its Mt Ida Gold Project and secures final approvals for a 2.0 Mtpa processing plant, underpinning its development ambitions.

Rumble Resources has commenced diamond drilling at its Western Queen Gold Project, progressing an underground mining scoping study that shows better economics than open pit options. A new processing partnership with Gylden Resources could streamline ore treatment.

Black Canyon Limited has upgraded the JORC classification of its KR2 manganese deposit to 90% Indicated, enhancing resource confidence and supporting improved mine planning for its Balfour Manganese Field project.

Anson Resources has initiated a re-entry drilling program at its Mt Fuel-Skyline Geyser well in Utah, aiming to convert exploration targets into JORC-compliant lithium resources by sampling deep lithium-rich brines.

Clara Resources Australia Ltd has raised $1.6 million through a placement and a fully underwritten rights issue, aiming to accelerate development of its Ashford Coking Coal Project in New South Wales.