Latest Resource Estimation News

EV Resources has raised up to A$5.5 million through a share placement to accelerate development of its Los Lirios and Dollar Antimony Projects, backed by a strategic partnership with Locksley Resources.

Lakes Blue Energy reports encouraging natural gas readings from its Wombat-5 well in Victoria’s Gippsland Basin, advancing drilling towards a significant commercial gas target.

PhosCo’s maiden drilling at the KM prospect within Tunisia’s Gasaat Phosphate Project reveals record-thick phosphate layers near the proposed plant site, suggesting a faster route to production and improved project economics.

Brightstar Resources has reported exceptional high-grade gold intercepts from recent drilling at its Lord Byron deposit, significantly exceeding expectations and prompting plans for further exploration.

QMines Limited reports a significant increase in optimised open pit material at its Develin Creek project, confirming 930,000 tonnes at 1.73% copper equivalent from the Scorpion-Window deposit. Combined with Mt Chalmers and Mt Mackenzie, total optimised material rises to 13.6 million tonnes, advancing the company’s central Queensland copper-gold strategy.

Axel REE Limited has unveiled new high-grade gallium and rare earth element zones at its Caladão Project in Brazil, expanding the mineralised footprint and reinforcing its status as a major critical minerals asset.

St George Mining has formed a strategic alliance with US-based REAlloys Inc to advance the commercialisation of rare earths from the Araxá Project in Brazil, positioning itself within the growing US rare earths supply chain.

American West Metals has confirmed multiple large-scale copper exploration targets at its Storm Copper Project in Nunavut, Canada, following the final results of an advanced geophysical survey. These findings bolster the project's potential amid a tightening global copper supply.

Core Lithium has significantly increased its Ore Reserve Estimate at the Finniss Lithium Project, with the Carlton deposit upgrade driving a 42% rise in total reserves. This milestone strengthens the project's restart schedule and expansion potential.

Aurum Resources has reported impressive high-grade gold intercepts at its Napié Gold Project in Côte d’Ivoire, extending mineralisation depth and reinforcing its growth ambitions. The company is advancing a large-scale drilling campaign and plans key resource updates and a Pre-Feasibility Study by year-end.

Catalyst Metals Limited has doubled its gold reserves to 1.5 million ounces as of June 2025, setting the stage to ramp up production to 200,000 ounces per year over the next decade.

Superior Resources reports exceptional copper-gold-silver assay results up to 46.5% Cu from its Greenvale Project, confirming Halls Reward and Telegraph as priority high-grade targets. Follow-up exploration is set to unlock further potential.