Latest Resource Estimate News

Rubix Resources has entered a non-binding agreement to acquire bauxite exploration projects in Cameroon and Congo, with a structured payment plan including cash, shares, and performance rights tied to resource milestones.

Black Canyon Limited has raised $10 million through a share placement to accelerate exploration and development of its promising Wandanya manganese and iron discovery in Western Australia.

Caspin Resources has released its maiden inferred tin resource estimate for the Kelpie Deposit at the Bygoo Tin Project, revealing a high-grade deposit with significant upside potential. The company also outlined a large exploration target that could more than double the current resource.

Hot Chili Limited has successfully raised A$14.1 million through a fully subscribed entitlement offer, reinforcing confidence in its Costa Fuego copper-gold project and funding critical next-phase development activities.

Rincon Resources Limited has responded to an ASX query about recent unusual trading activity, confirming no undisclosed information but pointing to imminent drilling and assay results as possible drivers.

Red Sky Energy has formalized its 35% interest in Angola’s Block 6/24 following parliamentary ratification of the Risk Service Contract, unlocking access to significant oil resources and advancing its international growth strategy.

Conico Limited has had its ASX trading suspension lifted immediately following an announcement detailing its capital raising and exploration plans, signaling renewed investor interest.

Kuniko Limited has executed a binding earn-in and joint venture agreement to acquire up to 70% of the Commonwealth Gold-Silver Project in NSW, backed by a rights issue to fund exploration and drilling. The project offers significant resource potential in a Tier-1 jurisdiction with existing inferred mineral resources.

Panther Metals has announced a maiden JORC Mineral Resource Estimate at Burtville East, revealing a high-grade near-surface gold deposit and launching a scoping study to evaluate open pit mining potential.

Mt Malcolm Mines NL has reported promising gold assay results from its 2025 drilling programs at the Sunday Underground and Dumbarton prospects, confirming continuous shallow mineralisation and advancing the Malcolm Project towards resource estimation.

Brightstar Resources has reported significant high-grade gold intercepts and visible gold in diamond drilling at its Yunndaga deposit, reinforcing the potential of the Menzies Gold Project ahead of a resource upgrade and maiden underground reserve declaration.

Kairos Minerals reports significant wide and high-grade gold intercepts from recent drilling at Mt York’s Main Hill, reinforcing potential for resource growth ahead of a key update.