Latest Resource Definition News

Advance Metals has identified a previously unknown high-grade silver-gold mineralised zone at its Yoquivo Project in Mexico, with rock chip samples showing exceptional grades. This discovery opens fresh exploration avenues in an area yet to be drilled.

Metal Bank Limited (ASX – MBK) has announced a partially underwritten entitlement offer aiming to raise $2.32 million to fast-track its Western Australia gold projects and explore graphite potential in Queensland. The offer, priced at $0.014 per share, is supported by Equator Capital Management Ltd and targets existing shareholders.

Terra Critical Minerals has revealed new high-grade silver mineralisation at its Mole River project in NSW, with samples reaching 400 g/t silver. This discovery at the Silent Grove prospect adds momentum to the company’s polymetallic exploration ambitions.

Kula Gold has raised $2.5 million through a strategic share placement to key industry players, aiming to accelerate exploration at its Mt Palmer Gold Project.

Kula Gold has agreed to sell its Westonia Project to Forrestania Resources for an upfront $500,000 plus a $1 million contingent payment tied to a significant gold resource discovery.

Kula Gold has agreed to sell its Westonia Project to Forrestania Resources for an upfront $500,000 plus a $1 million contingent payment tied to resource discovery. This move sharpens Kula’s focus on advancing its Mt Palmer Gold Project.

Summit Minerals has significantly expanded the soil geochemical anomalism footprint at its Equador and Equador North projects in Brazil, unveiling new targets and confirming extensive artisanal workings. The findings reinforce the prospectivity for rare elements including niobium, tantalum, and lithium.

Lithium Energy Limited has completed a detailed Magnetotelluric survey at its White Plains project in Utah, revealing two promising aquifers that could host lithium brine mineralisation. This advancement sets the stage for targeted drilling and resource definition.

Vault Minerals projects steady gold production in FY26 with growth through FY28, driven by key plant upgrades and the anticipated restart of Sugar Zone operations. The company plans significant capital and exploration investments while preparing to fully unwind its hedge book.

Kula Gold has intersected visible gold in quartz reefs during its maiden diamond drilling at the historic Mt Palmer Gold Project, with assay results eagerly awaited. This marks a promising step in the company’s efforts to unlock new high-grade gold resources in a historically rich region.

Forrestania Resources has completed its acquisition of the British Hill Gold Project near Southern Cross, Western Australia, and appointed MBS Environmental to lead mine development planning.

Somerset Minerals reports extensive visible copper mineralisation in two new drill holes at its Coppermine Project, extending known zones below previous intercepts and hinting at a larger system at depth. Assay results are expected soon, with geophysical surveys underway to guide further exploration.