Latest Resource Economics News

49 Metals will begin a 3,500-metre follow-up drilling program at its Gold Mountain project in Nevada in October, targeting extensions of the Adit Zone discovery. The campaign is fully funded and follows a maiden program in which all 22 holes intersected gold and/or silver mineralisation.

Australian Gold and Copper has reported repeated broad zinc-gold-lead intersections at northern Evergreen, including a peak interval of 26.4% zinc. A 21-hole, 2,593-metre RC program has also finished testing extensions to the prospect’s recent high-grade gold-silver discovery, with assays due from late October to early November.

Arrow Minerals has applied for an iron ore exploration tenement adjoining Rio Tinto's Robe Valley operations in Western Australia, a move that could expand its prospective landholding by 30% to 415 square kilometres. The application remains subject to tenure award, and no resource or economic estimate has been announced.

Lode Resources has identified a new polymetallic lode at its Montezuma project in Tasmania, with a narrow interval returning exceptional tin, copper, silver, antimony, gold and lead grades. Three further mineralised zones from the same hole remain awaiting assays, while follow-up drilling is already underway.

Sovereign Metals says a simple add-on circuit at its Malawi project could generate US$722 million of pre-tax value from monazite by-product recovery. The opportunity is commercially striking, but remains a preliminary scoping result dependent on further testwork, approvals, funding and customer qualification.

Southern Palladium’s latest DFS metallurgical tests reveal a dramatic jump in chromite recovery to 85.6%, alongside improved platinum group metal grades and recoveries, potentially reshaping project economics.

Red Metal’s large-scale column leach tests confirm high rare earth recoveries from coarsely crushed Sybella ores using weak sulphuric acid, underpinning a low-cost heap leach development pathway.

Australian Gold and Copper Ltd (ASX:AGC) has intersected a 6.5m semi-massive chalcopyrite zone at its Evergreen project, marking its broadest copper interval to date in the South Cobar Basin. The company aims to deliver an initial resource estimate for Evergreen by July while continuing to extend its 38.5Moz silver-equivalent Achilles deposit.

Forrestania Resources has announced a maiden JORC compliant inferred resource of 58,700 ounces at its Burracoppin gold project in WA, with plans for further drilling and metallurgical testing to upgrade the deposit.

Black Cat Syndicate has announced a 95% increase in antimony resources at its Mt Clement project, alongside substantial gains in silver and lead. The company plans further drilling and an economic study to unlock the deposit's potential.

Eclipse Metals reports promising Phase 1 metallurgical test results from its Grønnedal Rare Earth Element Project in Greenland, highlighting over 90% REE recovery in magnetic fractions. These findings lay the groundwork for further optimisation and scale-up testing.

Lunnon Metals reports standout drilling results at Lady Herial, revealing thick, high-grade gold mineralisation beyond current open pit plans and setting the stage for expanded mining activity.