Latest Resource Estimate News

Clara Resources has upgraded the Ashford coking coal project’s resource classification to Measured status, reinforcing confidence in the deposit and setting the stage for a Pre-Feasibility Study to validate mining and financial assumptions.

QMines Limited has reported strong, continuous high-grade copper-zinc-gold mineralisation from its latest drilling at Sulphide City, reinforcing its development plans for the Develin Creek project.

Ballard Mining has announced a promising new gold discovery at its Neptune Prospect within the Mt Ida Gold Project, revealing mineralisation akin to its Baldock Deposit. This breakthrough extends the exploration potential along the 13km Ballard Fault, marking a significant milestone in the company’s regional drilling campaign.

Benz Mining Corp reported a CAD 3.58 million net loss for Q1 2025, driven by ramped-up exploration at its newly acquired Western Australian gold projects. The company bolstered its cash position with a CAD 27 million private placement post-period, aiming to fuel further resource growth.

Tolu Minerals Limited reported a $6.7 million loss for the half-year to June 2025, doubling last year’s deficit as it invests heavily in refurbishing the Tolukuma Gold Mine and expanding exploration. A recent $27.25 million capital raise aims to fund these ambitious development plans.

Astute Metals NL has initiated an eight-hole drilling campaign at its Needles Gold-Silver Project in Nevada, targeting six promising epithermal gold-silver prospects with historical high-grade assays. The campaign aims to unlock new discoveries ahead of a maiden resource estimate planned for year-end.

Ausmon Resources is set to begin a focused drilling campaign in South Australia's Limestone Coast, aiming to deepen understanding of rare earth element deposits within the Parrakie tenement. This follows promising earlier exploration that identified significant mineralisation trends across the region.

Marquee Resources has announced its inaugural inferred mineral resource at Eastern Hills, revealing 6,800 tonnes of antimony equivalent metal and setting the stage for further exploration in a promising underexplored district.

Krakatoa Resources secures $3.1 million in a two-tranche placement to fund a major drilling campaign aimed at converting its Zopkhito Antimony-Gold Project’s foreign resource estimate into a JORC-compliant Mineral Resource.

Forrestania Resources has signed a binding agreement to acquire the Burracoppin Gold Project from Askari Metals, adding a significant JORC resource near a major WA gold mine. The deal includes cash, shares, and options, linking Forrestania to promising African exploration assets.

Ora Banda Mining Limited reports a 24% increase in Ore Reserves and a Mineral Resource growth to 2.11 million ounces at its Davyhurst Gold Project, setting the stage for an ambitious $73 million exploration program in FY26.

Askari Metals has agreed to sell its Australian gold assets to Forrestania Resources for A$700,000, enabling a strategic pivot towards its promising African exploration projects.