Latest Resource Estimation News

Alice Queen Limited has successfully raised an additional $280,000 from unrelated investors, increasing the size of its tranche two placement to fund key exploration projects and working capital.

Godolphin Resources has identified a significant new induced polarisation anomaly 1,000 metres from its Lewis Ponds deposit, alongside high-grade gold, zinc, and copper surface samples, setting the stage for a targeted drilling campaign in March 2026.

Castile Resources has raised A$8.4 million through a share placement to accelerate its Rover 1 project, aiming to complete a Bankable Feasibility Study by mid-2026 and begin new exploration drilling.

Breakthrough Minerals is set to launch a significant drilling campaign at its Hazel Creek Copper-Gold Project in Queensland, aiming to expand resources and unlock new mineralisation zones following its acquisition of the Queensland Copper-Gold Project.

Omega Oil and Gas has secured a substantial new 750 square kilometre acreage in Queensland’s Taroom Trough, forming a powerful joint venture with Tri-Star and Beach Energy to accelerate exploration and appraisal in 2026.

True North Copper has increased its Cloncurry Copper Project mineral resources by 7% in copper and 9% in gold, underpinning ongoing feasibility studies and future drilling plans.

Patagonia Lithium has completed drilling its Formentera well to 488 metres, intersecting promising lithium-bearing brines and porous sediments. Early tests suggest strong flow rates and increasing lithium concentrations, setting the stage for resource upgrades.

FMR Resources has started drilling at Target K within the Southern Porphyry system of its Llahuin Project JV in Chile, aiming to test a key 500-metre corridor between previous targets. This move follows detailed integration of geological and geophysical data refining the exploration model.

Raptor Metals has intersected multiple zones of visible copper mineralisation in the initial two holes of its 2,200m diamond drilling program at the Chester Project, reinforcing confidence in the resource base and setting the stage for further exploration.

Enova Mining's latest drilling at East Salinas, Brazil, confirms significant rare earth element mineralisation in surface clays, with promising leach recoveries pointing to a cost-effective extraction pathway.

Carnavale Resources has been granted the crucial mining lease for its Kookynie Gold Project, paving the way for a shovel-ready status by Q3 2026 alongside ongoing feasibility studies and drilling campaigns.

Cannindah Resources has launched a focused drilling campaign at its Cannindah Breccia deposit, aiming to unlock a high-grade ‘GAP’ zone within its existing copper-gold resource. Early results hint at significant grade improvements that could reshape the project’s economic outlook.