Latest Resource Estimation News

PhosCo Ltd has raised $5 million through a strongly supported share placement to fund exploration and development at its Gasaat Phosphate Project in Tunisia, positioning the company for upcoming resource milestones.

Horseshoe Metals has announced a significant new copper Exploration Target at its Motters Zone within the Horseshoe Lights Project, estimating up to 3.6 million tonnes grading 1.5% copper. This development highlights the potential to substantially expand the existing resource base as Phase 2 drilling and commercial discussions advance.

Albright Metals has agreed to sell a significant portion of its Bryah Basin tenements to Catalyst Metals for $1 million cash plus $800,000 in shares, enabling a sharper focus on its Canadian gold and antimony projects.

EV Resources has successfully produced its first metallic antimony ingots from the Los Lirios project in Mexico, validating a low-cost smelting process and advancing its strategy to supply the North American market.

St George Mining has reported exceptional drilling results at its Araxá Rare Earths and Niobium Project in Brazil, including a record 164.45m mineralised intercept from surface. These results expand the known resource footprint well beyond current estimates, signalling significant growth potential.

Heavy Rare Earths Limited is set to commence a 2,500-metre maiden drilling campaign at its South Ridge tin prospect within the Prospect Hill Project, aiming to define a maiden Mineral Resource Estimate by late Q2 2026.

Venari Minerals has revised its Exploration Target for the Red Mountain Lithium Project in Nevada, revealing a potential lithium resource up to 18.6 million tonnes of Lithium Carbonate Equivalent. The company plans extensive drilling and sampling in 2026 to expand and upgrade this promising resource.

Strickland Metals reports robust gold intercepts from recent drilling at the Gradina Deposit within its Rogozna Project in Serbia, highlighting significant potential to expand the resource. The company is well-capitalised and gearing up for further exploration and resource updates.

5E Advanced Materials reports Q2 FY2026 results with increased mineral resources and key shipments, while navigating ongoing funding uncertainties.

Brazilian Rare Earths Limited has unveiled new ultra-high-grade drilling results at its Monte Alto project, extending the mineralised footprint by approximately 350 metres and revealing a new parallel corridor of rare earth mineralisation.

Encounter Resources has reported significant new high-grade niobium and rare earth element intersections at its Green prospect, extending mineralisation over a 4km strike. The results support an updated resource estimate and ongoing project development in Western Australia’s West Arunta region.

Carnavale Resources has retracted and replaced its recent investor presentation to correct overstated financial forecasts for gold prices above AUD 6,500/oz, reaffirming robust economics for its Kookynie Gold Project.