Latest Resource Estimation News

Coda Minerals has secured $6.7 million through an oversubscribed placement to fast-track its Pre-Feasibility Study at Elizabeth Creek, underpinning key technical and environmental programs.

Flynn Gold has ramped up its diamond drilling program at the Firetower Gold-Tungsten Project in northern Tasmania, expanding from three to ten holes totalling 1,600 metres. The move aims to test high-grade extensions and support a maiden Mineral Resource Estimate amid critical mineral supply pressures.

Adavale Resources has boosted its Parkes Project gold resource by 44% to 166,000 ounces through a 100% scrip acquisition of the Calarie mining licence and three exploration licences, consolidating its belt-scale position in NSW’s Lachlan Fold Belt.

Canadian Phosphate (ASX: CP8) is raising up to AUD 4.85 million via a renounceable rights issue at a 22% discount, aiming to accelerate development of its newly acquired Diamond Mountain Project in Utah and advance exploration in Canada.

Venus Metals has sold its 1% Youanmi gold royalty to Franco-Nevada for $46 million, triggering plans for $35 million in special dividends and an in-specie distribution of Rox shares to shareholders.

Haranga Resources has wrapped up its Phase 3 Reverse Circulation drilling at Senegal’s Ibel South, revealing pervasive hydrothermal alteration and pyrite mineralisation consistent with a Birimian-style gold system. Assay results expected by end June will determine the next exploration steps.

Gorilla Gold Mines has reported a fresh wave of high-grade gold intercepts at its Sovereign Deposit, significantly extending the mineralised zone within its North Kalgoorlie Hub portfolio.

American Uranium Limited has pushed back the closing date of its entitlement offer to 15 July 2026, giving shareholders more time amid volatile market conditions and pending drilling results from its Lo Herma uranium project.

Savannah Goldfields updates the Electric Light Mineral Resource at Georgetown, reporting 46,000 oz gold at 3.9 g/t including an Indicated category for the first time, underpinning future mining plans.

Vita Resources NL is accelerating exploration across its diverse portfolio, expanding drilling at its Ninnis Gold Project in WA and confirming polymetallic upgrades at its ICE Project in Canada.

Critical Resources Limited showcased its diversified critical metals portfolio and advanced battery tech at its 2026 AGM, spotlighting growth prospects in lithium, gold, and base metals across Australia, Canada, and New Zealand.

Canterbury Resources reaffirms its commitment to Central Queensland copper exploration by clarifying details of its acquisition of the Monto Project, highlighting the John Hill deposit’s significant inferred resource and plans for deep drilling in 2026.