Latest Resource Estimates News

Alliance Nickel is pursuing capital cost savings at its NiWest Nickel-Cobalt Project through vat leaching trials while reporting promising gold assay results from initial drilling at Australia United. A $4.15 million entitlement offer aims to fund these efforts amid ongoing offtake renegotiations with Stellantis.

Fortuna Metals (ASX: FUN) has extended the rutile mineralisation footprint at its Mkanda Project in Malawi from 37km² to 53km², revealing high-grade cores and planning extensive drilling to underpin a maiden resource estimate in the second half of 2026.

Nordic Resources (ASX:NNL) has completed its assay reporting for the 2025 Kopsa drilling program, revealing a new higher-grade stockwork zone and multiple mineralised extensions outside current resource boundaries. Drilling has resumed at Kopsa and Kiimala, with metallurgical testing underway and an updated resource estimate due in Q3 2026.

Power Minerals has sealed its acquisition of the Morro do Ferro Rare Earths Project, a high-grade rare earth asset in Brazil, setting the stage for accelerated exploration and resource definition.

Sarytogan Graphite Limited has upgraded its Central Graphite Zone resource, marking a key milestone with Measured classification and progressing its Definitive Feasibility Study. Meanwhile, copper exploration reveals promising anomalies, backed by fresh capital injections.

WA1 Resources has delivered a fresh batch of high-grade niobium intersections at its Luni Project, underpinning a Mineral Resource Estimate update due next quarter. The company also maintains a robust cash balance of $131 million as it advances pre-development activities.

Venari Minerals has delivered a maiden JORC Inferred Mineral Resource Estimate for its Red Mountain Lithium Project in Nevada, revealing 3.03 million tonnes of contained Lithium Carbonate Equivalent. The company also reported improved beneficiation results and completed a share buyback to streamline its register.

Greenvale Energy has sharpened its uranium exploration focus with new step-out targets at Oasis and secured a critical exploration licence at Douglas River, while pushing its Alpha Project into product development.

Mandrake Resources has identified overlapping placer claims staked by Utah Brine Corporation, linked to Neometals Ltd, on its Utah Lithium Project tenure. Legal demands have been issued to resolve the dispute, which affects a small portion of Mandrake’s 3.3Mt LCE resource.

Duketon Mining has kicked off its maiden drilling program at the Barlee Gold Project, targeting multiple large gold anomalies, while reporting a combined nickel resource exceeding 100,000 tonnes across its Rosie and C2 deposits.

Rokeby Resources (ASX:RKB) has secured the Omeo Gold Project in Victoria, adding a historical resource of 320,000 ounces at 4.0 g/t Au and launching a $4 million capital raise. The acquisition ushers in leadership changes and sets a clear path for resource expansion.

American Rare Earths is fast-tracking its Wyoming Halleck Creek rare earths project, defining a pilot plant pathway, advancing oxide to metal studies, and targeting a NASDAQ listing by year-end 2026.