Latest Resource Estimates News

Chilwa Minerals has validated its rare earth element exploration model and boosted its heavy mineral sands resource, while securing A$8 million in funding and advancing plans for a US Nasdaq dual listing.

Desert Minerals Limited has successfully listed on the ASX following a $5 million IPO and is progressing exploration preparations for its gold and lithium projects in Australia and the USA. The company is set to commence drilling in early 2026, backed by a strong cash position and a cornerstone investment from Snow Lake Energy.

Black Bear Minerals has completed its acquisition of the Shafter Silver Project in Texas, revealing exceptional surface sampling results and commencing maiden drilling. Meanwhile, its Independence Gold Project in Nevada reports outstanding gold recoveries, underpinning a strong growth outlook.

Eclipse Metals has completed significant diamond drilling at its Greenland rare earth projects, upgraded its resource estimate, and secured US government advisory support while pursuing a NASDAQ listing to boost global investor access.

Castile Resources is advancing its Rover 1 Bankable Feasibility Study with updated resource estimates and rising commodity prices boosting project prospects. The company is also progressing exploration and funding discussions as it eyes critical minerals demand.

Zenith Minerals has completed its largest drilling campaign at the Consolidated Dulcie Gold Project, confirming a significant gold resource potential and securing a $7.65 million strategic placement to accelerate development.

Ardea Resources has made disciplined progress on its Kalgoorlie Nickel Project’s Definitive Feasibility Study, supported by renewed Major Project Status and full funding from a Japanese consortium. Completion is on track for mid-2026 amid robust resource updates and strategic partnerships.

Encounter Resources has reported robust December quarter results, highlighting significant high-grade niobium and rare earth element discoveries at its Aileron Project, alongside promising copper anomalies in Western Australia’s Paterson Province. A $25 million placement aims to accelerate exploration and development.

Sun Silver Limited has reported a substantial 59 million ounce silver equivalent increase in its Maverick Springs mineral resource, now totalling 539Moz AgEq, alongside commencing U.S. OTCQX trading and appointing a strategic advisor to boost U.S. government engagement.

Metals Australia Limited has reported a significant expansion of its Lac Carheil graphite resource and advanced engineering designs for both upstream and downstream battery material projects in Quebec, alongside promising drilling results in Australia.

Yari Minerals has kicked off its inaugural drilling at the Rolleston South Coal Project, confirming thick, continuous coal seams and promising coal quality that could upgrade its resource status.

Western Gold Resources has secured board approval to mine its wholly owned Gold Duke Project, backed by a $6.75 million oversubscribed placement and a robust updated resource estimate of 277,000 ounces of gold. Mobilisation is set for early 2026 as the company advances towards production.