Latest Resource Estimation News

Sayona Mining's latest 2024 drilling results at North American Lithium reveal significant high-grade lithium intersections, underscoring potential resource upgrades and expansions in Québec.

Alma Metals reports strong drilling results at its Briggs Copper Project, revealing higher-grade copper zones near surface and a promising new mineralisation discovery at the Southern Porphyry Target. The company advances its resource update and mining studies with a solid cash position.

James Bay Minerals has completed the acquisition of a majority stake in the high-grade Independence Gold Project in Nevada and raised A$6 million to accelerate exploration and development activities.

Deterra Royalties Limited reported an 11.7% revenue increase to $59.3 million in the December 2024 quarter, driven by record iron ore royalties and major progress at the Thacker Pass lithium project.

GTI Energy has reported a significant 50% increase in its Lo Herma uranium resource estimate to 8.57 million pounds eU3O8, alongside an expanded exploration target and a completed $1.6 million rights issue to advance project development.

Aurum Resources reports a maiden 1.6 million ounce gold resource at its Boundiali project in Côte d'Ivoire, alongside ongoing high-grade drilling success and a strategic merger with Mako Gold Limited.

Auric Mining reports robust gold production and revenue in its December 2024 quarterly update, alongside strategic progress including a key processing plant acquisition and advancing mining projects.

Magmatic Resources has launched an expanded diamond drilling campaign at its Myall Project while reporting promising soil sampling results from its Wellington North and Parkes projects. The quarter also saw significant leadership changes, positioning the company for its next growth phase.

Elevate Uranium Ltd has raised $25 million to advance its proprietary U-pgrade™ beneficiation process and accelerate exploration across its Namibian and Australian uranium projects. The company is poised to operationalize a demonstration plant in Namibia by late 2025 while expanding its resource base through extensive drilling campaigns.

Australian Gold and Copper Ltd confirms Achilles as a major silver-dominant discovery with exceptional assay results, backed by a strong $17 million cash position. The company is gearing up for an aggressive exploration campaign in 2025 targeting multiple new high-priority zones.

Canyon Resources has completed an extensive drilling campaign at its Minim Martap Bauxite Project and appointed a new CFO, setting the stage for key resource updates and feasibility milestones in 2025.

OZZ Resources reports a promising scoping study for its Maguires Reward gold project, highlighting potential positive cash flow despite limited exploration activity during the December 2024 quarter.