Latest Resource Estimate News

Hot Chili Limited has successfully raised A$14.1 million through a fully subscribed entitlement offer to advance its Costa Fuego copper-gold project in Chile, initiating a critical second phase of diamond drilling at the La Verde discovery.

WA1 Resources has reported a significant milestone in its Luni Niobium Project with successful proof-of-concept niobium oxide refining testwork yielding a premium 96.8% Nb2O5 sample. The company also secured $100 million in a recent placement, bolstering its cash reserves to approximately $155 million.

James Bay Minerals reports promising high-grade gold-silver drill results at its Independence Gold Project in Nevada and announces a strategic acquisition of the Shafter Silver Project in Texas, backed by a $30 million capital raise.

Lunnon Metals has completed key de-risking at its Lady Herial gold deposit and executed a pivotal Ore Purchase Agreement with Gold Fields, securing a 70% share of future free cash flow. The company maintains a strong cash position while advancing multiple gold prospects and confirming nickel asset viability.

Metals Australia Limited has reported a 3.3-fold increase in its Lac Carheil Graphite project resource, now totaling 50 million tonnes at 10.2% graphite content, while progressing key studies for a battery anode material plant in Quebec.

Industrial Minerals Ltd has announced a maiden inferred mineral resource estimate of 6.2 million tonnes at 98% silica for its Pippingarra Quarry Project, alongside successful testwork and a 12-month option extension.

Haranga Resources has completed its acquisition of the Lincoln Gold Project in California and reported high-grade gold results from its Senegal project, backed by a $14 million capital raise to fast-track exploration and development.

GWR Group Limited reported steady progress on its Prospect Ridge Magnesite Project and maintains strong cash reserves, while opting out of a potential acquisition after thorough due diligence.

Tungsten Mining NL reports strong progress on its Mt Mulgine Project, leveraging soaring tungsten prices and a new gold resource estimate to drive development. The company also raises $9.5 million and initiates a US OTCQB listing process.

Forrestania Resources has rapidly expanded its gold portfolio across Western Australia, boosting its resource base from 24koz to over 593koz in just 14 weeks, backed by a strategic $8.61 million capital raise.

Revolver Resources has completed a key drilling program at its Dianne Copper Mine Project, affirming resource estimates and progressing towards a targeted production restart in late 2026. The company also secured significant funding to support upcoming development milestones.

Aureka Limited’s recent drilling at the St Arnaud Comstock Project has revealed multiple visible gold occurrences, hinting at potential expansion of its current gold resource. Assay results are pending, but the findings could pave the way for increased resource estimates and future production.