Latest Resource Estimates News

WhiteRock Lithium has intersected spodumene-bearing pegmatite in all 10 newly reported drill holes at its Spodumene Mountain prospect in Québec. The visual results strengthen the geological case for continuity, but assays and true widths are still pending.

Revolver Resources has taken its Dianne Copper Mine Project from study towards construction readiness, with a larger resource, secured approvals and a forecast $125.7 million pre-tax cash flow. But the restart still depends on project-level funding before a Final Investment Decision can be made.

Boab Metals has increased the Sorby Hills mineral resource by 7% to 50.6Mt, while contained silver rises by 1.6Moz. More Measured and Indicated material now supports the mine plan, although the update does not yet change Ore Reserves, production targets or project economics.

Ballard Mining has expanded the Mt Ida Gold Project’s global Mineral Resource Estimate by 56% to 1.836 million ounces, while securing the approvals and cash runway needed to advance development studies. The pre-production company is now targeting a maiden Ore Reserve, feasibility study and Final Investment Decision in the first half of calendar 2027.

West Coast Silver will begin an 18-hole diamond drilling campaign at Elizabeth Hill in October, targeting resource upgrades, western extensions and a newly defined high-grade zone. The results are intended to feed Mineral Resource Estimate updates and a scoping study in 2027.

Krakatoa Resources has reported a second batch of strong antimony and gold assays from drilling at its Zopkhito project in Georgia, led by a 5.61-metre interval grading 3.31g/t gold and 4.28% antimony. The results add support to mineralisation continuity, but the project remains at the exploration stage ahead of drilling, metallurgical work and a planned JORC resource estimate.

Accelerate Resources will issue 55 million shares to secure 100% ownership of its 432 square kilometre Woodie Woodie North manganese project, while removing up to $2 million in future milestone payments and other vendor rights. The restructuring is due to complete before 2 October 2026, ahead of planned drilling at the Gingarrigan prospect.

Magnum Mining’s latest 65-hole assay batch strengthens the Plateau Zone at Piracanjuba North, where desorbable rare earth results matter more than headline grade. The company now has assays from 373 of 894 drilled holes and is targeting a maiden JORC Mineral Resource Estimate by the end of November 2026.

Lotus Resources delivered first uranium production from Kayelekera in more than a decade, but its first operating year brought a $100.1 million loss, heavy cash burn and an auditor-highlighted material uncertainty over its ability to continue as a going concern. The mine produced 332.1 thousand pounds of U3O8 before acid supply problems forced a temporary processing pause.

Vital Metals reported a A$16.63 million FY2026 loss after impairing its North T mine asset by A$12.73 million, while its auditor highlighted material uncertainty over the company’s ability to continue as a going concern. The balance sheet was strengthened by A$12.47 million in placements, but Tardiff’s encouraging drilling results must now translate into a larger resource and a credible pre-feasibility study.

Golden Horse Minerals has reported its strongest gold intercept at Hopes Hill, with RC hole 26HHRC179 returning 4 metres at 73.3 grams per tonne gold from 88 metres. The result includes visible gold and a 293.2 gram-metre intercept, but its nuggety character means follow-up drilling and sampling will be crucial.

Brightstar Resources has nearly doubled the Two Mile Hill-Shillington Mineral Resource to 1.45 million ounces, with the Indicated component rising 177% to 526,000 ounces. The result lifts the broader Sandstone Gold Project to 3.6Moz, while assays from deeper drilling could provide another resource catalyst later in 2026.