Latest Resource Estimate News

Mount Ridley Mines reports a maiden inferred gallium resource of 838.7 million tonnes at its Mt Ridley Project, marking a significant step in Australia's critical minerals landscape amid global supply chain shifts.

SQX Resources is set to acquire an 80% stake in AM6 Pty Ltd, gaining control of high-grade gold and silver projects in Montana and Arizona, with drilling programs slated to commence in December 2025.

Toubani Resources has made significant strides in advancing its Kobada Gold Project, reporting promising drilling results and securing a substantial A$395 million funding package to support project development.

Wia Gold Limited has delivered a robust Scoping Study for its Kokoseb Gold Project in Namibia, confirming strong production potential and cost efficiency. The company also secured A$30 million to accelerate exploration and development activities.

Alvo Minerals has confirmed significant zinc and copper anomalies at its newly discovered Touro Prospect within the Palma VMS Project in Brazil, positioning it as the next major drill target. Extensive geochemical and geophysical surveys underpin this promising development.

Resouro Strategic Metals has engaged Independent Trading Group to provide market-making services on the TSX Venture Exchange, aiming to enhance liquidity and trading efficiency for its shares. This move comes as the company continues to advance its significant Brazilian mineral projects.

Heavy Rare Earths Limited has completed the acquisition of an 80% interest in the Prospect Hill Tin Project, South Australia’s most advanced tin asset, setting the stage for a swift maiden resource estimate.

White Cliff Minerals has confirmed sediment-hosted copper mineralisation at its Rae Copper Project in Nunavut, Canada, with diamond drilling revealing multiple copper styles and promising grades. The discovery points to a fertile system with clear pathways to higher-grade zones.

American Uranium Limited has kicked off Phase 1 of its resource expansion drilling at the Lo Herma ISR uranium project in Wyoming, backed by a $4.5 million capital raise led by strategic investor Snow Lake Energy. The company aims to update its resource estimate early next year as it advances towards production.

Rimfire Pacific Mining has announced a maiden inferred scandium resource at its Currajong prospect, boosting its total scandium inventory by 61%. The company also identified new base metal drill targets at Broken Hill and completed a $3.5 million equity raise to fund ongoing exploration.

Tennant Minerals has announced a maiden high-grade copper-gold-silver-bismuth Mineral Resource at its Bluebird discovery, revealing strong early open-pit potential and significant underground upside. New geophysical modelling points to major extensions, underpinning plans for long-term development within the Tennant Creek Copper Alliance.

Brazilian Rare Earths Limited has inked a decade-long heavy rare earths offtake deal with Carester and announced a major maiden resource at its Amargosa bauxite project, backed by a $120 million capital raise to accelerate development.