Latest Resource Estimate News

Variscan Mines’ Scoping Study for the San José Mine restart in Spain reveals strong economics, low upfront capital, and an 11-year mine life, setting the stage for zinc and lead production from 2028.

Rumble Resources has reported promising metallurgical testwork from its Western Queen Gold and Tungsten Project, confirming the potential for high-grade tungsten concentrate production alongside gold. The company is advancing a scoping study to fast-track tungsten mining and processing amid soaring global prices.

Vertex Minerals has arranged a A$9 million convertible loan facility to support underground gold production at its Reward Gold Mine, with conversion into shares and options pending shareholder approval.

Gold Mountain Limited has unveiled extensive new total rare earth oxide (TREO) anomalies at its Central Prospect within the Down Under Project in Brazil, reinforcing the area’s potential as a world-class rare earth element province. The company is advancing exploration with targeted auger drilling and plans to refine diamond drill targets.

Astral Resources reports strong assay results from its recent drilling at the Spargoville Gold Project, revealing significant high-grade gold mineralisation and expanding known deposits. Concurrent drilling at Mandilla advances resource confidence ahead of a major update later this year.

Carnaby Resources has reported exceptional high-grade copper-gold drill results from the Trek 1 extension at its Greater Duchess Project, revealing significant down-plunge continuity that promises to boost the project’s mineral inventory.

Australian Gold and Copper Ltd (AGC) reports a significant milestone with a 38.5 million ounce silver-equivalent resource at its Achilles deposit, underpinning an ambitious 2026 exploration program across the South Cobar Basin.

West Coast Silver has kicked off a significant 4,000-metre drilling campaign at its Elizabeth Hill project, aiming to expand the high-grade silver mineralisation near surface along the Munni Munni Fault in Western Australia.

Forrestania Resources has announced a JORC-compliant Mineral Resource Estimate of 103,500 ounces of gold at its Johnson Range Project, fulfilling a key condition for acquiring Aurumin Johnson Range Pty Ltd and Aurumin Mt Dimer Pty Ltd from Newcam Minerals.

Resources & Energy Group Limited (ASX: REZ) has announced a significant upgrade to the Goodenough Gold Deposit resource at its East Menzies Gold Project, increasing contained gold by over 15,000 ounces to 61,200 ounces. The majority of the resource is now classified as Indicated and remains open for expansion.

Mount Ridley Mines has announced a significant inferred mineral resource of heavy rare earth oxides at its Western Australian project, highlighting strong concentrations of critical elements dysprosium and terbium essential for advanced technologies.

Avira Resources has validated significant high-grade gold intersections at its Mt Cattlin Gold Project, underpinning plans for a maiden Mineral Resource Estimate by the end of 2026. The company is poised to commence drilling in Q2 to test extensions across multiple prospects.