Latest Resource Estimates News

Australian Mines Limited has secured earn-in rights to the advanced Boa Vista Gold Project in Brazil’s prolific Tapajós Gold Province, aiming to earn up to an 80% stake through staged exploration and development milestones. The company also announced a $2.5 million capital raising to fund upcoming exploration activities.

Adavale Resources has intensified exploration at its Parkes Gold and Copper Project, initiating a maiden drilling campaign at London Victoria Mine while expanding prospect assessments across multiple sites.

Adavale Resources has raised $2.65 million to accelerate drilling at its Parkes Gold Project, aiming to expand the resource at the London Victoria Gold Mine and advance multiple exploration targets.

Nimy Resources reports outstanding high-grade gallium assay results from Phase 2 drilling at its Block 3 Gallium Project in Western Australia, reinforcing its potential as a world-class resource ahead of a maiden JORC estimate.

Torque Metals has kicked off a fully funded 6,500-metre drilling campaign at its Paris Gold Project in Western Australia, aiming to expand its 250,000-ounce gold resource by targeting high-grade zones identified through advanced electromagnetic surveys.

New Murchison Gold Limited has reported additional high-grade gold intercepts from its Crown Prince Gold Project, reinforcing the continuity of mineralisation and suggesting potential outperformance ahead of mining. These results mark a significant step forward for the company’s Garden Gully Gold Project near Meekatharra, Western Australia.

Iltani Resources reports continued high-grade silver-indium intersections from recent drilling at its Orient West project, reinforcing its status as Australia’s premier silver-indium discovery. The company is on track to deliver an initial JORC Resource estimate by the end of July 2025.

Emmerson Resources has initiated critical geotechnical drilling at its White Devil Gold Deposit, progressing towards a feasibility study following a comprehensive reverse circulation drill campaign. The company’s scoping study signals strong potential for a major mine designation.

Prospech Limited has secured a 500 kg bulk sample from the historic Korsnäs rare earth element stockpile in Finland, initiating metallurgical test work in Finland and Australia to unlock strategic REEs. These exploratory tests aim to establish a viable processing flowsheet for neodymium, praseodymium, and samarium extraction.

Santa Fe Minerals has entered binding agreements to acquire the Eburnea Gold Project in Côte d’Ivoire, backed by a $1.2 million capital raise at a 61% premium. The acquisition includes promising permits with historic high-grade gold intercepts, setting the stage for an aggressive exploration campaign.

Titan Minerals has successfully expanded gold and silver mineralisation at its Iguana prospect by up to 800 metres beyond existing resources, while advancing drilling and geophysical surveys at the Dynasty Gold Project.

Bryah Resources’ subsidiary has acquired a 0.75% net smelter return royalty over key tenements in the Bryah Basin manganese project, streamlining the asset and enhancing future strategic options as the project advances towards production.