Latest Resource Estimation News

Venus Metals Corporation is returning $35 million to shareholders via a special cash dividend funded by the recent sale of its Youanmi Gold Project royalty to Franco-Nevada. The dividend is largely franked and follows an earlier in-specie distribution of Rox Resources shares.

Caspin Resources has revealed promising new exploration targets at its Bygoo Tin Project in NSW, alongside ongoing drilling at the Kelpie Deposit, pointing to significant district-scale discovery potential near the historic Ardlethan Mine.

Yari Resources (ASX: YAR) is set to double its Bowen Basin coal resource to over 500 million tonnes through a binding conditional acquisition of the Arcadia Coal Project, backed by a $2.2 million placement.

Li-FT Power Ltd. is raising $20 million through a common share offering priced at $2.90 each, primarily to cover care and maintenance costs for its Renard diamond mine option and support corporate activities. The deal includes a 15% over-allotment option and has conditional TSXV approval.

Resouro Strategic Metals has closed the first tranche of an upsized $2.5 million private placement, issuing 7.44 million shares at $0.25 each to fund its Tiros project environmental program and working capital.

Krakatoa Resources has locked in $2.4 million through a strategic placement anchored by a $1.8 million investment from a Hong Kong private investor, funding the first 10% acquisition of the Zopkhito Antimony-Gold Project and accelerating its 2026 exploration program.

Connected Minerals (ASX:CML) is mobilising a ~6,000m reverse circulation and diamond drilling program at its Bailundo Carbonatite Project in Angola, aiming to define a maiden JORC Mineral Resource for niobium and rare earth elements.

Austral Resources has locked in $15 million from QIC’s Queensland Critical Minerals Fund to advance expansion planning at its Rocklands copper processing facility, aiming to boost capacity beyond 3Mtpa and extend operational life through 2034 and beyond.

Aurum Resources has unveiled new high-grade gold intercepts from 36 diamond drill holes at its Boundiali Gold Project in Côte d'Ivoire, confirming mineralisation beyond current resource boundaries and underpinning further growth.

Venari Minerals has kicked off a 12-hole diamond drilling campaign at its Red Mountain Lithium Project in Nevada to elevate a significant portion of its resource from Inferred to Indicated status, setting the stage for a maiden Scoping Study in early 2027.

Mount Ridley Mines’ first TIMA automated mineralogy study at Grass Patch reveals rare earth elements are locked in discrete phosphate minerals, supporting flotation as a key beneficiation step ahead of leaching and Phase 1 metallurgical testwork.

Regener8 Resources has agreed to divest its entire Kookynie Gold Project to Goldarc Resources for $2.5 million, combining upfront shares and milestone-based payments, freeing capital to focus on its Bosnia exploration.