Latest Resource Estimate News

Ora Banda Mining has reported a staggering 964% increase in its Round Dam gold resource, boosting its total global mineral resources to 3.3 million ounces. This leap underscores the company’s aggressive organic growth strategy and ongoing exploration success.

Antares Metals has confirmed significant high-grade uranium mineralisation at its Queens Gift project in Queensland, setting the stage for a resource upgrade and expanded exploration across its Mt Isa North portfolio.

Lithium Energy Limited has reported promising initial assay results from its latest drilling program at the Burke-Mt Dromedary graphite deposits, revealing substantial high-grade graphite mineralisation that could expand and unify its resource base.

IRIS Metals has secured a farm-in agreement to earn up to 100% ownership of the Finley Basin Tungsten Project in Montana, marking a strategic expansion into a critical mineral vital for defence and advanced manufacturing.

Victory Metals Limited has reported a record-breaking rare earth oxide intersection of 11,565 ppm TREO at its North Stanmore project, reinforcing its status as a world-class heavy rare earth deposit. The December 2025 drilling program also advances resource confidence and metallurgical prospects, positioning the project as a key Western supplier of critical rare earths.

Strata Minerals is set to restart drilling at its Zelica Gold Project, aiming to expand high-grade gold zones and fast-track a maiden resource estimate. The project corridor now extends over 8km following a recent acquisition.

Western Gold Resources has locked in critical approvals and agreements to accelerate production at its Gold Duke Project in Western Australia, backed by an updated resource estimate and a binding toll milling contract.

Metal Bank reports exceptional gold recovery results from its Seven Leaders Prospect near Kalgoorlie, highlighting a 72.5% gravity recovery and over 99% leaching efficiency, underpinning its near-term production ambitions.

St George Mining has appointed Carla Grasso as Principal Geologist to spearhead mine planning at its Araxá Rare Earths-Niobium Project, following a major resource upgrade. This move signals a decisive step towards advancing economic studies and potential mining operations in Brazil.

Fortuna Metals reports exceptional rutile intercepts from initial drilling at its Mkanda project in Malawi, revealing extensive high-grade mineralisation starting at surface. The company plans a focused resource drilling campaign in Q2 2026 to advance towards a maiden inferred resource estimate.

Far East Gold has reported significant assay results extending high-grade gold mineralisation at its Sua prospect in Papua, Indonesia, with a resource update imminent and further drilling planned.

Australian Mines Limited has reported its strongest gold drill intercept to date at the Boa Vista Gold Project in Brazil, extending mineralisation both along strike and down dip. These results highlight the potential for a large-scale bulk-tonnage gold system.