Latest Resource Estimates News

European Resources Limited (ASX: ERE) has announced a $4.26 million renounceable entitlement offer to accelerate exploration and metallurgical work at its Korsnäs rare earth elements project in Finland. The offer is partially underwritten and includes attaching options, providing shareholders with a strategic opportunity amid significant recent resource growth.

Solstice Minerals’ Phase 1 drilling at the Nanadie Copper-Gold Project in WA’s Goldfields reveals significant mineralisation beyond existing resource boundaries, setting the stage for a major resource expansion.

Far East Gold has obtained a crucial environmental approval from the Indonesian government, clearing the way for advanced exploration at its Idenburg Gold Project and setting the stage for accelerated development.

Pacgold Limited is advancing its White Dam Gold Project with 95% completion of the Vertigo drilling program, delivering strong assay results that support an imminent resource upgrade. Operational milestones include commissioning of heap leach pad crushing, setting the stage for a production ramp-up.

Power Minerals has appointed Alistair Stephens, a seasoned rare earths executive, as CEO to spearhead development of its South American critical minerals projects. Stephens brings decades of leadership experience and a proven track record in scaling rare earth ventures.

Cannindah Resources has confirmed high-grade copper-gold mineralisation in the GAP zone of its Mt Cannindah project, delivering a standout 94m intercept at 1.11% copper equivalent. These results underpin expectations for a significant resource upgrade and set the stage for further exploration.

PC Gold Limited reports multiple thick, high-grade gold intercepts at its Spring Hill project, extending known mineralisation and advancing pre-feasibility studies ahead of a June resource update.

New Frontier Minerals has secured technical approval for its Mining Lease Application at the Big One Copper Deposit, setting the stage for potential near-term copper production amid a tightening global copper market.

Helix Resources has formalised a joint venture to earn up to 40% of the Gold Basin oxide gold project in Arizona, marking a significant expansion into a prolific US gold district. The agreement sets clear milestones for exploration and resource updates over the next two years.

Ausmon Resources has released amended drilling results from its Beelitz Prospect in South Australia, highlighting encouraging preliminary rare earth element concentrations and outlining plans for further exploration.

Classic Minerals has engaged AFDC to conduct a strategic review and is raising A$3 million to advance exploration at its Forrestania gold project and support its ASX relisting efforts.

Golden Horse Minerals has confirmed free-milling gold mineralisation at its Hopes Hill deposit through an independent petrographic study, supporting promising metallurgical recoveries. The company is advancing a substantial drilling campaign and preparing feasibility studies to optimise processing.