Latest Resource Estimation News

Metal Bank Limited has completed phase one drilling at the Whiteheads Gold Project and secured major shareholder support for its acquisition of Hastings Technology Metals' gold assets, marking a significant step toward gold production in Western Australia.

PVW Resources has advanced its Brazilian Southeast Hub rare earth projects through a hydraulic auger drilling campaign, confirming deeper mineralisation and exceptional leach recoveries up to 89%. The company is poised for further resource definition and metallurgical optimisation.

Xstate Resources has significantly upgraded its Prospective Resource estimate for the Diona Block in Queensland, revealing substantial Basin Centred Gas potential that could reshape the project’s outlook.

American West Metals has launched a targeted field program at its West Desert Project in Utah, focusing on resampling historical drill core for indium and gallium ahead of a new drilling campaign. The project already hosts the largest indium resource in the US with significant expansion potential.

Aurum Resources has reported exceptional high-grade gold intercepts at its Boundiali Gold Project in Côte d’Ivoire, including a standout 0.8m at 350 g/t gold. The company is accelerating exploration with an expanded drilling fleet and preparing major resource updates and a Pre-Feasibility Study for early 2026.

Galileo Mining’s latest drilling at Norseman confirms significant palladium, platinum, and gold mineralisation over a 10km strike, underpinning plans for follow-up resource testing. The company remains well-capitalised to advance exploration.

Prospect Resources reports significant progress at its Mumbezhi Copper Project, with Phase 2 drilling nearing completion and metallurgical tests confirming robust processing potential. Updated resource estimates are expected by late Q4 2025.

Marmota Limited’s inaugural drilling program at the Greenewood gold discovery in the Gawler Craton has revealed exceptionally high-grade gold intersections, extending the mineralised zone to 900 metres. The company also strengthens its leadership with a new project manager to advance its Gawler Gold projects.

Fortuna Metals has acquired two exploration licences in Malawi’s emerging rutile province, completed initial drilling programs, and appointed Tom Langley as CEO, positioning itself alongside a world-class deposit. The company also raised $2.1 million to fund ongoing exploration.

Krakatoa Resources has agreed to sell its non-core Belgravia Project in New South Wales for $350,000, redirecting capital to advance its strategic Zopkhito Antimony-Gold Project in Georgia, a critical minerals asset positioned to serve European markets.

Cannindah Resources has defined a significant near-surface copper-molybdenum exploration target at its Mt Cannindah Project, hinting at a potentially larger porphyry system beneath. Upcoming drilling aims to unlock this project's transformative potential.

Tungsten Mining NL has identified new gold exploration targets at Mt Mulgine, complementing its significant tungsten resource and expanding the project's potential. These targets, alongside recent resource estimates, could reshape the development strategy for this Western Australian asset.