Latest Resource Estimate News

Flagship Minerals is on the cusp of releasing a JORC-compliant Mineral Resource Estimate for its Pantanillo Gold Project, backed by advancing environmental and metallurgical work and a strengthened balance sheet.

Resources & Energy Group (ASX: REZ) has significantly upgraded its Goodenough Gold Deposit resource and completed two RC drilling campaigns at East Menzies, setting the stage for further resource growth and development.

Alice Queen Limited has developed a substantial Exploration Target at Horn Island, Queensland, and identified a high-grade gold zone extending over 5 km at its Viani project in Fiji, while completing a significant convertible note conversion and appointing a new director.

Cavalier Resources has boosted the net present value of its Stage 1 Crawford Gold Project by 50% to A$77.2 million in an updated Pre-Feasibility Study, despite rising costs. The company secured a US$18.7 million gold sale agreement and raised $4 million to fund pre-production activities.

Zuleika Gold has announced a maiden inferred resource of 12,600 ounces at Paradigm East, boosting total combined resources to 35,200 ounces and positioning the company for aggressive exploration and development.

GoldArc Resources has secured full ownership of Mt Stirling and launched partner-funded drilling campaigns across its Leonora North and South projects, delivering multiple high-grade gold results and locking in a binding development deal with Mineral Mining Services.

Surefire Resources has uncovered a fresh gold prospect with surface assays up to 12.04 g/t at its Yidby project, while pushing forward on critical minerals development at Victory Bore. The company’s cash position stands at $427k with a $1.25 million loan facility in place.

Beacon Minerals reported steady gold production of 5,419 ounces at an elevated AISC of A$4,484/oz, while ramping up operations at Lady Ida and progressing significant exploration drilling at Iguana and Lizard deposits.

Dart Mining NL reported standout high-grade gold, silver, and antimony results from its Queensland projects, alongside key acquisitions and asset sales, as it advances towards a maiden resource estimate at Coonambula.

Athena Resources has struck a transformative joint venture with Terra Mining and Fenix Resources to fast-track development of its Narryer magnetite deposit, aiming to leverage dry-processing and logistics expertise towards production. The company plans drilling and resource estimation while navigating a tight cash position and pending capital raise.

Magmatic Resources delivered solid gold assay results at its Weebo Project in WA, while progressing a $3.5 million JV drilling program at Myall with FMG Resources in NSW. The company bolstered its technical team amid steady cash reserves.

Charger Metals has bolstered its lithium resource at Lake Johnston with deep spodumene extensions at Medcalf and Medcalf West, alongside high-grade gold intercepts at the Xmas Discovery.