Latest Resource Estimation News

Melbana Energy reports steady progress on its Cuban Block 9 project, including an imminent workover of Alameda-2 and upcoming drilling of Amistad-2, supported by a solid cash position of $9.7 million.

Rand Mining Ltd reports strong December quarter drilling results at the Hornet deposit within the East Kundana Joint Venture, setting the stage for open pit mining in FY25. The exploration highlights high-grade gold mineralisation and outlines a clear path for resource updates and further discovery drilling.

Tribune Resources Ltd reports strong December quarter drilling results at the Hornet deposit within the East Kundana Joint Venture, setting the stage for open pit mining in FY25.

Godolphin Resources reports significant drilling success at Lewis Ponds with thick massive sulphide intersections and advances its Narraburra Rare Earths project with high-value carbonate samples, supported by a strong capital raise.

Critica Limited reports a remarkable 830% upgrade in rare earth element concentration from initial metallurgical testwork at its Jupiter Project, signaling strong economic potential for this Western Australian rare earth deposit.

Prospech Limited has reported a significant milestone with a JORC-compliant Inferred Mineral Resource Estimate of 7.1 million tonnes at 1.08% TREO for its Korsnäs REE project in Finland, alongside successful EU grant funding and a rights issue raising nearly $786,000.

Mithril Silver and Gold Limited reports compelling high-grade silver and gold intercepts from its ongoing Target 1 drilling campaign in Mexico’s Copalquin District, setting the stage for a resource update and expanded exploration in 2025.

Turaco Gold's maiden drilling at the Baffia Prospect within the Afema Project reveals significant gold mineralisation, reinforcing the project's growth potential beyond its existing 2.52Moz resource.

Core Lithium reports steady progress on its Finniss lithium project restart study, backed by a solid $50 million cash position and promising lithium and gold drilling results.

Fenix Resources delivered a transformational December quarter, setting the stage to triple its iron ore production in 2025, backed by record shipments and a 177% increase in mineral resources at Iron Ridge.

AIC Mines reports compelling high-grade copper intersections from recent drilling at the Jericho deposit, setting the stage for a significant resource upgrade in March 2025.

Brightstar Resources has reported impressive high-grade gold intercepts from its inaugural drilling campaigns at the Montague-Boulder and Whistler deposits, reinforcing the potential for resource growth within its Sandstone Gold Project.