Latest Resource Estimates News

Condor Energy has unveiled a significant upgrade to its offshore Peru portfolio with the addition of the Raya West prospect, pushing the Greater Raya area’s prospective oil resources beyond 900 million barrels. This milestone enhances Condor’s position as a major player in the Tumbes Basin exploration landscape.

Western Yilgarn NL has announced a significant discovery of high-grade gallium and tellurium mineralisation at its Ida Holmes Junction Project in Western Australia, highlighting a potentially large and regionally extensive critical minerals system.

Adavale Resources has reported robust Phase 2 drilling results at its London-Victoria Gold Mine, confirming significant gold mineralisation continuity and expansion potential. An expanded Phase 3 drilling program has now commenced to build on this momentum.

Altamin Limited has obtained a retrospective Environmental Impact Assessment approval for its Gorno Project in Italy, strengthening its regulatory footing and supporting strategic options for development.

Gold Mountain Limited reports significant new rare earth oxide anomalies and a large gold target at its Down Under Project in Brazil, reinforcing its position in an emerging world-class rare earth province.

Audalia Resources has released supplementary details to its January 2026 Prefeasibility Study update, confirming a maiden ore reserve and outlining plans for construction to begin in late 2026, contingent on funding and approvals.

North Stawell Minerals has extended gold mineralisation at its Darlington West target, confirming promising grades and validating its predictive modelling approach. The results open new avenues for exploration across its extensive tenement package.

DPM Metals has extended the life of its Chelopech mine in Bulgaria to 2036, supported by a 42% increase in mineral reserves and promising new discoveries. The updated life of mine plan forecasts sustained production of around 160,000 gold equivalent ounces annually.

Aguia Resources reports a significant jump in gold recovery rates at its Santa Barbara project, with production gains achieved despite processing lower grade ore. The company aims to further enhance output through selective mining and mechanisation upgrades.

Anson Resources has intersected lithium-rich brines at the Mt Fuel-Skyline Geyser well in Utah, advancing plans to upgrade its JORC resource at the Green River Lithium Project.

Flagship Minerals’ ASTER remote sensing survey at the Pantanillo Gold Project reveals extensive alteration zones indicative of large-scale epithermal-porphyry gold systems, setting the stage for a significant resource upgrade.

Elixir Energy has reached 2,320 metres in the Lorelle-3 appraisal well and is preparing to drill the reservoir section targeting the Dunk member of the Tinowon Sandstone, with flow testing planned before mid-2026.