Latest Resource Estimation News

Chilwa Minerals Limited has reported strong assay results from its Mpyupyu Dune deposit in Malawi, reinforcing the potential for a significant upgrade to its mineral resource estimates. Improved assay turnaround times are accelerating progress across multiple deposits.

Variscan Mines Limited continues to reveal promising high-grade zinc and lead mineralisation outside the existing resource boundaries at its Udías Mine in Spain, signalling significant growth potential for the Novales-Udías Project.

High-Tech Metals has completed its acquisition of the Mt Fisher and Mt Eureka Gold Projects, gaining a substantial 1,150km² landholding and a combined gold resource of 187,000 ounces. The company is set to launch an extensive drilling campaign and a joint venture to process historic gold stockpiles.

Ballard Mining Limited is set to raise $25-$30 million through an IPO to advance the Mt Ida Gold Project, boasting a 1.1 million ounce resource and significant exploration upside. The move follows a strategic demerger from Delta Lithium, positioning Ballard as a focused gold developer with an experienced leadership team.

Ballard Mining Limited is launching an IPO to raise up to $30 million, aiming to accelerate exploration and development of its Mt Ida Gold Project in Western Australia, which hosts over 1.1 million ounces of gold.

Delta Lithium Limited has announced a proposed demerger involving an in-specie distribution of over 63 million Ballard Mining shares to eligible shareholders, pending approval at a June 30 meeting. This move will reduce Delta's stake in Ballard and set the stage for Ballard's eventual ASX listing.

High-Tech Metals has completed its acquisition of the Mt Fisher and Mt Eureka gold projects, gaining a substantial landholding and a combined resource of 187,000 ounces of gold. The company is set to launch an extensive drilling campaign and has partnered with SSH Mining to process historic stockpiles.

Sky Metals has expanded the high-grade tin zone at its Tallebung project in NSW, reporting strong initial drilling results that have prompted a major increase in its exploration program.

Axel REE Limited announces a strategic leadership transition as it moves from exploration to development of its rare earth and gallium projects in Brazil, appointing new technical experts and seeking a new Managing Director to guide its next growth phase.

Gorilla Gold has revealed significant exploration success at its Mulwarrie Project, discovering multiple high-grade gold lodes and extending mineralisation to a 2.5km strike. The company anticipates a resource upgrade following ongoing drilling.

Tambourah Metals has appointed seasoned geologist Terry Topping as CEO to spearhead development of its Pilbara and Bryah gold projects alongside the Speewah North antimony asset.

Rumble Resources updates its Western Queen Gold Project with a revised open pit mine plan that increases capital needs, explores underground mining, and eyes a new tungsten revenue stream.