Latest Resource Estimation News

Novo Resources Corp. has issued a prospectus offering free New Options to recent placement participants and joint lead managers, aiming to support its exploration projects in Western Australia and Victoria. The options, exercisable at A$0.15 and expiring in three years, could raise significant capital upon exercise, subject to shareholder approval.

Caprice Resources has raised $12.74 million in a strongly supported placement to accelerate exploration drilling across its Murchison Gold Projects, positioning the company for a busy period of assay results and new targets.

Lodestar Minerals has secured a major drilling contract to advance its Ned’s Creek Gold Project towards a maiden resource estimate in 2026, targeting key prospects with a 10,000-metre program.

Vital Metals has reported exceptional rare earth element assay results at its Nechalacho project, revealing record grades and identifying six new exploration targets beyond the current resource. A 1000m drilling program is underway, supporting the project's district-scale potential.

Western Gold Resources is advancing its Gold Duke Project with a 12,000-metre Life of Mine extension drilling program running alongside Stage 1 production, aiming to boost resources and extend mine life.

White Cliff Minerals is set to restart drilling at its Rae Copper Project in Nunavut, aiming to expand high-grade copper mineralisation across an 8km strike at the Danvers deposit and explore regional targets Hulk and Stark.

Auric Mining has reported exceptional gold production from its Munda Starter Pit, delivering 8,475 ounces to date; significantly exceeding budget forecasts and confirming the site’s substantial resource potential.

GreenTech Metals has completed its Phase 1 drilling program at the Munni Munni PGE-Cu-Ni Project ahead of schedule by leveraging well-preserved historical drill core, advancing towards a modern resource estimate.

Podium Minerals has reported a significant metallurgical breakthrough at its Parks Reef project, achieving a 40% uplift in platinum group metal grades and strong recovery rates using a new concentrator flowsheet on high-grade hanging wall material.

Redcastle Resources has received final assay results from its extensive grade control drilling at Redcastle Reef, confirming multiple thick, high-grade gold intercepts and reinforcing the deposit's geological model.

Nova Minerals has identified fresh high-grade gold anomalies at its RPM area within Alaska’s Estelle Project, setting the stage for a pivotal 2026 drilling campaign.

Nordic Resources has reported final assay results from its 2025 drilling program at the Kopsa gold-copper project, revealing significant extensions of mineralisation beyond current resource boundaries. The company plans further drilling and an updated resource estimate in 2026.