Latest Resource Estimation News

Brightstar Resources has reported compelling high-grade gold intercepts from its 2024 diamond drilling at the Lord Byron deposit, reinforcing the potential for expanded mining operations at Jasper Hills.

James Bay Minerals reports standout Phase 1 drilling results at its Independence Project in Nevada, revealing gold grades more than double previous estimates and a significant 520m mineralisation extension. The company is gearing up for a promising Phase 2 drill campaign in 2025 targeting high-grade zones at Rebel Peak.

Aurumin Limited announces a significant 33% increase in its Plum Pudding gold resource at the Central Sandstone Project, supported by encouraging recent drilling results that reinforce the project's potential for future gold production.

Astute Metals NL has identified a new high-grade lithium-bearing claystone unit at its Red Mountain Project in Nevada, significantly enhancing the project's exploration potential ahead of a maiden resource estimate.

Dart Mining has applied for a new exploration permit over the historic Raglan Goldfield, aiming to consolidate its gold assets in Central Queensland alongside the recently acquired Triumph Gold Project.

AXP Energy has secured $1.25 million through a share placement to accelerate its modular data centre rollout powered by stranded natural gas in Colorado. This capital injection aims to support the company’s pioneering gas-to-power operations tied to Bitcoin mining and other high-performance computing applications.

Viridis Mining and Minerals has raised A$3.5 million through a placement to fund critical development milestones for its Colossus Rare Earth Element project, following a major resource upgrade.

Rimfire Pacific Mining has confirmed the Currajong Prospect as a promising new high-grade scandium opportunity, supported by historic drill data. The company plans an extensive drilling campaign in early 2025 to further define this resource within its Fifield project portfolio.

Predictive Discovery Limited has raised A$69.2 million through a strategic placement with the Lundin Family and Zijin Mining, bolstering its financial position to advance the Bankan Gold Project in Guinea.

Santana Minerals has reported promising diamond drilling results at its Rise and Shine deposit in New Zealand, revealing minor pit extensions and high-grade intercepts that could refine mine planning and resource estimates.

Black Canyon Limited’s recent infill drilling at the KR2 Prospect confirms thick, high-grade manganese zones, underpinning a potential upgrade from Inferred to Indicated Mineral Resource status and promising improved project economics.

WIN Metals has reported significant exploration success at its Butchers Creek Gold Project, with step-out drilling confirming the resource remains open at depth and extending mineralisation 260 metres beyond previous limits.