Latest Resource Estimation News

VHM Limited has achieved a key milestone with mining licence approval for its Goschen Rare Earths and Mineral Sands Project, alongside a revised staged expansion plan that adjusts capital and operating costs while extending Major Project Status.

Burgundy Diamond Mines has released its 2024 Mineral Resources and Ore Reserves update for the Ekati diamond mine, showing minor depletion consistent with active mining operations. The report underscores the mine’s continued operational strength and adherence to industry standards.

Carnaby Resources has ramped up exploration at its Greater Duchess Copper Gold Project with a new drilling campaign at Trekelano and robust assay results across multiple prospects, backed by a strong cash position following a $4.2 million capital raise.

Galileo Mining is set to begin a targeted drilling campaign at its Fraser Range project, while also securing government funding to explore deeper mineralisation beneath its Callisto deposit at Norseman.

New Murchison Gold Limited has confirmed ultra-high-grade gold mineralisation at unprecedented depths below its Crown Prince open pit project, signalling strong underground potential. The latest diamond drilling results include a staggering 0.28m at 17,240 g/t gold, reshaping the project's future development outlook.

Tesoro Gold’s latest drilling at the El Zorro Project reveals significant high-grade gold beyond existing resource boundaries, while a fresh A$11.1 million capital raise sets the stage for accelerated development and exploration.

Native Mineral Resources Holdings Limited (NMR) has made significant progress on its Charters Towers Gold Project, completing key plant refurbishments and securing $15.9 million in funding to support a planned gold production restart in Q3 2025.

Westgold Resources reported robust Q3 FY25 exploration results, drilling 83km and investing $11 million across its Murchison and Southern Goldfields portfolios, highlighting high-grade gold intercepts and advancing the Fortnum Expansion Project.

Capricorn Metals delivered a strong March quarter with rising gold output at Karlawinda, record operational cash flow, and significant progress on Mt Gibson development. The company also closed its gold hedging contracts, increasing exposure to gold price gains.

Lotus Resources is on track to restart uranium production at its Kayelekera project in Malawi by Q3 2025, backed by strong funding and binding offtake agreements covering up to 3.8 million pounds of uranium from 2026. Meanwhile, its Letlhakane project in Botswana advances with an updated scoping study supporting robust production potential.

Rumble Resources advances its Western Queen Gold-Tungsten Project towards late 2025 production through a joint venture with Bain Global and MEGA Resources, while reporting significant high-grade gold and tungsten assay results. The company also expands its portfolio by acquiring 100% of the Thunderstorm Gold Project and initiates a scoping study on the Earaheedy Zinc-Lead-Silver Project.

Astral Resources has updated its Mandilla Gold Project resource to 1.43 million ounces and completed the acquisition of Maximus Resources, positioning itself for a major development milestone with a Pre-Feasibility Study due in June 2025.