Latest Resource Estimation News

Tolu Minerals has delivered its most intensive drilling campaign at Tolukuma, uncovering two new high-grade gold veins and maintaining a strong cash position as it targets first production by early 2027.

Arika Resources has locked in strong assay results extending gold mineralisation at Yundamindra and commenced drilling at Kookynie, backed by full project ownership and a $6.55 million placement.

Lode Resources (ASX:LDR) delivered a maiden JORC Mineral Resource Estimate at Montezuma, revealing 8.2Moz AgEq of high-grade silver-antimony, alongside a new silver-zinc mineralisation system that broadens exploration potential.

Kuniko Limited has unveiled robust Phase 1 drilling results at its Commonwealth-Silica Hill gold-silver project in NSW, including a new high-grade zone outside the current resource. Phase 2 drilling is underway with assays expected in September and a resource upgrade planned for year-end.

Charger Metals has expanded its Medcalf lithium resource to 10.6 million tonnes at 1.0% Li2O, backed by strong metallurgical results and a fresh $3.75 million cash injection from selling its Bynoe project.

American West Metals (ASX: AW1) reported significant exploration breakthroughs at its West Desert Project in Utah and ongoing Pre-Feasibility Study progress at the Storm Copper Project in Nunavut, backed by a $10 million capital raise.

QMines Limited has locked in a $15 million strategic funding package with QIC to fully finance its Mt Chalmers Definitive Feasibility Study, while completing a substantial drilling campaign at Mount Mackenzie and launching a major 10,000m drill program at Mt Chalmers.

Moonlight Resources has significantly extended the Leo Grande gold system at its Clermont Project, with Phase 2 drilling pushing mineralisation 200 metres southeast and 250 metres northwest. The company holds a solid A$6.1 million cash balance as it advances towards a maiden resource estimate.

Rumble Resources has upgraded its Western Queen gold resource by 17% to 433,600 ounces, secured a near five-year toll milling agreement, and progressed feasibility and permitting work, setting the stage for production in 2027.

Strickland Metals has boosted its Rogozna Project mineral resources to 9.25 million ounces gold equivalent, driven by a 50% increase at the Gradina deposit and a maiden indicated resource at Shanac. Metallurgical tests confirm strong gold recoveries, while drilling delays at Shanac temper near-term exploration progress.

Kingston Resources faces a major operational setback with the Pearse South open pit failure, prompting a strategic pivot to underground resource expansion and a $12.9 million capital raise to fund a 25,000m drilling campaign.

Latitude 66 secures key exploration permits for its high-grade KSB gold-cobalt project in Finland and reports strong assay results from Laverton drilling in Western Australia, setting the stage for resource growth and development studies.