Latest Resource Confidence News

Patronus Resources has upgraded its Mertondale Gold Project resource estimate, increasing contained gold ounces to 480,000oz alongside an 18% rise in grade, setting the stage for a June 2025 scoping study.

Solis Minerals appoints Mitch Thomas as CEO, shifting Mike Parker to Technical Director, ahead of a major 2025 drilling campaign in Peru's copper-rich belt.

Stellar Resources has reported a significant new high-grade tin intersection at its Queen Hill deposit, potentially expanding the Heemskirk Tin Project’s resource base and boosting production forecasts.

Enova Mining reports multiple drill intercepts exceeding 15% titanium dioxide at its CODA North project, highlighting significant co-mineralisation with rare earth elements and reinforcing the project's multi-commodity potential.

Black Canyon Limited’s recent infill drilling at the KR2 Prospect confirms thick, high-grade manganese zones, underpinning a potential upgrade from Inferred to Indicated Mineral Resource status and promising improved project economics.

Lithium Energy Limited has secured unconditional shareholder approval for the amended sale of its Solaroz Lithium Brine Project, with completion now staged over two tranches through January 2026. Meanwhile, the company prepares for the Axon Graphite spin-out IPO, navigating an ongoing ASX trading suspension due to operational thresholds.

Jade Gas Holdings has made significant strides in its coal bed methane project in Mongolia, completing key wells and securing A$3.63 million to accelerate its gas production strategy targeting 2025 gas flows.

Variscan Mines has announced a transformative update to its Novales-Udías Project, tripling its zinc-lead Mineral Resource Estimate and raising over $2 million to advance development. Drilling is underway with a Mine Re-Start Study on track for mid-2025.

GWR Group Limited reports completion of phase two drilling at its Prospect Ridge Magnesium Project with assay results pending, while divesting its Hatches Creek interest to bolster focus and capital for growth.

McLaren Minerals has secured critical tenement transfers and completed a heritage survey, setting the stage for drilling at its McLaren Titanium Project in Western Australia. The company is progressing steadily towards a pre-feasibility study expected in Q2 2025.

American West Metals has reported a substantial increase in its Storm Copper Project's mineral resource, alongside new high-grade copper discoveries and a successful A$7 million capital raise to fund further exploration and development.

Red Metal Limited's December 2024 quarterly report reveals a landmark rare earth discovery at its Sybella Project, alongside advancing multiple base metals and gold targets across Australia. The company is progressing towards a mine scoping study while preparing for further drilling and metallurgical testing in 2025.