Latest Resource Estimate News

Austral Resources Australia Ltd has agreed to acquire the Lady Loretta mine from Glencore for A$45.5 million, consolidating its copper assets near the Lady Annie Copper Mine and boosting its processing feedstock. This strategic move strengthens Austral’s balance sheet and advances its vision to become a mid-tier copper producer in Queensland.

Sunshine Metals has received a $634,302 first and final dividend from the liquidation of Pluton Resources, unlocking funds to progress exploration at its promising Sybil and Liontown gold projects.

Mount Hope Mining has completed Phase 1 drilling at its Mt Solitary Gold Project with promising high-grade gold results and has commenced Phase 2 drilling, backed by a $1.23 million capital raise to accelerate exploration along the 7.5km MS2 Gold Corridor.

Black Bear Minerals has extended gold-silver mineralisation by 280 metres north along the Rebel Trend at its Independence Project in Nevada, signalling promising growth potential. The company plans a Mineral Resource update in Q2 2026, supported by strong funding and strategic acquisitions.

Critical Metals Corp reports robust 2025 drilling results at the Tanbreez Rare Earths Project, confirming consistent high-grade rare earth mineralisation with strategic metals. These findings underpin plans for resource growth and mine development.

Mithril Silver and Gold has commenced a 3,300-metre maiden drill program at Target 3 within its Copalquin gold-silver district in Mexico, aiming to test mineralisation continuity and scale following promising historic sampling results.

Marquee Resources has kicked off a comprehensive exploration program at its Mt Clement Project, revealing promising high-grade gold at the historic Black Adder Prospect. This early success sets the stage for a broader assessment of gold potential across the tenement.

Terrain Minerals has restarted its reverse circulation drilling campaign at the Smokebush Gold & Silver Project in Western Australia, aiming for a maiden resource estimate by mid-2026. The program targets the Lightning and Wildflower prospects with over 6,800 metres planned.

Altair Minerals has reported a significant upgrade in gold intercepts at its North Peters prospect, including an 85m interval grading 4.81g/t Au, while unveiling a new target area, Old Granny, that extends mineralisation potential by 1.4km.

Alvo Minerals has confirmed significant copper, zinc, silver, and gold mineralisation at its Touro Prospect within the Palma Project in Brazil, with drilling underway to test deeper targets. This discovery bolsters the potential of Palma as a major VMS district.

Kalamazoo Resources has launched the Pre-Feasibility Study for its Mt Olympus gold project amid a fresh drilling campaign, while CEO Luke Mortimer announces his departure to take a senior overseas role.

Savannah Goldfields has reported strong high-grade gold assay results from recent drilling at its Red Dam Prospect, confirming mineralisation continuity beyond existing pit limits and setting the stage for a resource update.