Latest Resource Estimation News

Waratah Minerals has reported its strongest drilling result to date at the Spur Gold Discovery, with a deep hole returning 46 metres at 7.27 g/t gold. The result extends the Consols Zone and supports four high-grade footwall domains, although the project remains at an early exploration stage.

Adavale Resources has lifted its Parkes Project gold inventory to 383,300 ounces, led by a 228% increase at London-Victoria after an 85-hole drilling campaign. The company is now moving from resource definition towards metallurgical testing and a Scoping Study, although no production decision or project economics has been disclosed.

McLaren Minerals has moved its flagship McLaren Titanium Project into bankable feasibility, backed by a 529 million tonne resource and a 663-hole drilling campaign. But the pre-revenue explorer remains reliant on further funding, with the Barossa acquisition still conditional and 118.4 million options issued after year-end.

M3 Mining reduced its FY2026 loss and more than doubled cash after a $2.25 million placement, while exploration work at Edjudina produced priority gold targets. The improvement comes with an auditor-highlighted material uncertainty over the company’s ability to continue as a going concern.

OD6 Metals has transformed its portfolio with the completed acquisition of Nevada’s Quinn Fluorspar Project, but the strategic expansion comes alongside a larger loss, ongoing funding needs and substantial permitting risk. The company is now targeting drilling and a maiden resource at Quinn while advancing laboratory-scale rare earth processing work at Splinter Rock.

Future Metals has reshaped its Panton development plan around a potentially lower-capital Savannah processing route, but entered FY27 with only A$1.46 million in cash and a formal warning over future funding. A post-year-end A$3.56 million raising now funds the next study phase, including a larger updated resource base.

TG Metals has strengthened its gold and lithium resource base, but the annual report carries a material uncertainty over its ability to continue as a going concern. The company ended June with $641,906 in cash, before securing a further $2.5 million placement after year end.

Agrimin has completed its withdrawal from the Mackay Potash Project and repositioned itself around exploration at the 480-square-kilometre Mount Squires Project. The pivot reduced the company’s annual loss, but left it with $1.08 million in cash, net current liabilities and no JORC mineral resources or ore reserves.

Flynn Gold has returned to trading with a one-for-three renounceable rights issue priced at A$0.015, seeking up to approximately A$3 million for Tasmanian exploration. Only A$1.5 million is underwritten, leaving the final proceeds dependent on shareholder participation and shortfall demand.

DPM Metals has extended its Brevene Porphyry South discovery with long, high-grade gold-copper-molybdenum intercepts, including 716.6 metres at 3.30 g/t gold equivalent. Mineralisation now reaches the Chelopech mine concession and remains open in several directions and at depth.

Parbo Resources has completed a $5 million IPO raise ahead of a proposed ASX listing, giving the pre-revenue explorer fresh funding for its Western Australian projects. Its FY2026 accounts show a $187,285 loss, $2.29 million in cash at year-end and $1.31 million in capitalised exploration assets.

Saturn Metals has extended the Apollo Hill gold system up to 1km north of its existing 2.83Moz Mineral Resource, with several high-grade intersections among the latest results. A 50-hole, 10,000m RC program is now underway to test continuity and support a planned resource update.