Latest Resource Estimation News

New Murchison Gold Limited has released its 2025 Mineral Resources and Ore Reserves update for the Crown Prince Gold Mine, reflecting initial mining depletion and confirming the project’s economic viability. The company is now focusing on underground potential and near-mine exploration.

Canadian Phosphate Limited has raised A$2 million to advance its sedimentary phosphate projects in Canada, targeting fertilizer and battery material markets with new drilling and technology partnerships.

Great Boulder Resources has intersected coarse visible gold in its first deep diamond drill hole at the Mulga Bill prospect, confirming the large-scale potential of the Side Well Gold Project’s key gold system. Assay results are expected in January 2026.

Venari Minerals has reported strong assay results from its October 2025 drilling campaign at the Red Mountain Lithium Project in Nevada, confirming broad zones of high-grade lithium mineralisation that underpin its upcoming maiden resource estimate.

Aurum Resources has reported significant high-grade gold intercepts from its ongoing drilling at the Tchaga deposit in Côte d'Ivoire, reinforcing its growth potential ahead of major resource updates scheduled for early 2026.

3D Energi has commenced drilling the Charlemont-1 gas exploration well offshore Victoria, targeting a substantial 93 billion cubic feet of gas with promising geological indicators. This marks a key step in the Otway Exploration Drilling Program aimed at bolstering East Coast gas supplies.

Horseshoe Metals has reported strong final results from its Phase 1 drilling at the Motters Zone, confirming extensive shallow oxide copper mineralisation and setting the stage for Phase 2 drilling and offtake discussions.

Brightstar Resources has upgraded Mineral Resources at its Menzies Gold Project by 22%, significantly expanding its Indicated gold ounces and setting the stage for near-term mining development. The updated estimates underpin the upcoming Goldfields DFS 2.0 and a targeted Final Investment Decision in early 2026.

Andean Silver Limited reports significant high-grade silver-gold drilling results at its Cerro Bayo Project in Chile, extending mineralisation beyond existing resources near key processing infrastructure. These findings set the stage for a resource update in the first half of 2026.

Verity Resources has wrapped up a major 10,860-metre drilling program at its Monument Gold Project, aiming to upgrade and expand its gold resource in Western Australia’s Laverton Goldfields.

Krakatoa Resources has reported strong visual antimony mineralisation from underground and surface drilling at its Zopkhito project in Georgia, extending the option period by 12 months to advance resource definition and transaction milestones.

Atomic Eagle’s maiden drilling at the Chisebuka target within Zambia’s Muntanga Project reveals substantial near-surface uranium mineralisation, setting the stage for a maiden resource estimate in 2026.