Latest Resource Estimates News

Breakthrough Minerals has entered a conditional agreement to acquire a substantial North Queensland Copper-Gold Project near Mt Isa, boasting an 18.8 million tonne resource and backed by an $8.15 million capital raise. The acquisition positions the company for aggressive exploration and development in a prolific copper district.

Invictus Energy has secured National Project Status for its Cabora Bassa gas project in Zimbabwe and signed a major funding deal with Al Mansour Holdings, setting the stage for high-impact drilling in 2026.

Emmerson Resources confirms the White Devil Gold Deposit as a Major Mine under its joint venture with Tennant Mining, supported by a robust Scoping Study and the start of Feasibility Study activities.

Besra Gold Inc has updated its Bau Gold Project resource to 2.28 million ounces and is intensifying efforts to renew a critical mining lease, signaling a strategic reset for the company.

McLaren Minerals has reported significant high-grade drilling extensions at its McLaren Titanium Project in WA, with a Prefeasibility Study nearing completion and strong market demand for its ilmenite concentrate.

Mt Malcolm Mines NL reported a productive September quarter with extensive drilling confirming shallow gold mineralisation and commenced JORC resource evaluations at its flagship Malcolm Gold Project.

Far Northern Resources has updated its Mineral Resource Estimate for the Ios Gold Project and initiated a Phase 2 drilling program at Bridge Creek, signalling progress in its Northern Territory gold exploration.

Santa Fe Minerals has completed the acquisition of the Eburnea Gold Project in Cote d’Ivoire, supported by a $1.2 million capital raise, while advancing exploration efforts in Western Australia.

Lakes Blue Energy marked a pivotal quarter with its ASX reinstatement, a $5.8 million capital raise, and completion of the Wombat-5 well, setting the stage for imminent production testing and resource upgrades.

Axel REE Limited has reported maiden JORC Inferred Mineral Resource Estimates for rare earth elements and gallium at its Caladão Project in Brazil, alongside promising metallurgical test results and an expanded mineralised footprint.

Tanami Gold NL reports significant gold intercepts from ongoing drilling at the Jims Gold Mine, while Mount Gibson Iron moves to acquire Northern Star’s stake in the Central Tanami Project joint venture.

Western Mines Group has successfully extended a high-grade nickel sulphide zone at its Mulga Tank project in Western Australia through diamond drilling, confirming a robust mineral system with promising parallels to the Perseverance deposit.