Latest Resource Estimation News

Medallion Metals Limited advances acquisition talks with IGO Limited for the Cosmic Boy Process Plant while reporting strong drilling results and a promising scoping study for its Ravensthorpe Gold Project.

Cygnus Metals has completed its merger with Doré Copper, securing a strong cash position and delivering promising early drilling results at its Chibougamau Project in Quebec. The company is poised for an aggressive exploration and resource growth campaign in 2025.

Latin Resources has secured shareholder and court approvals for its acquisition by Pilbara Minerals, marking a pivotal transition for the Salinas Lithium Project in Brazil. The deal positions Salinas as a key global lithium asset under new stewardship.

Sun Silver Limited reports a highly successful inaugural drilling program at its Maverick Springs Silver-Gold Project in Nevada, revealing multiple thick, high-grade mineral intercepts and a 34% increase in land holdings.

Pancontinental Energy reports encouraging technical progress on its PEL 87 project with improved reservoir confidence and ongoing drilling success in Namibia’s Orange Basin, underpinning a solid cash position.

Turaco Gold Limited has reported significant drilling success at its Afema Project in Côte d'Ivoire, confirming new gold discoveries and advancing its maiden JORC Mineral Resource Estimate to 2.52 million ounces. The company also secured $35 million in funding and increased its stake in the project to 80%.

FireFly Metals reports a substantial 42% increase in its Green Bay Copper-Gold Project resource, underpinned by strong drilling results and a successful A$73 million capital raise. The company is well-positioned to accelerate development and regional exploration in 2025.

CuFe Limited has announced a substantial update to its Orlando Copper-Gold Mineral Resource Estimate, nearly doubling copper and gold quantities and significantly enhancing the Tennant Creek Project's overall resource base.

Cassius Mining Limited reports significant progress on its Soalara Limestone Project in Madagascar, initiates joint venture talks, and advances a major arbitration case against Ghana, while raising $1 million in fresh capital.

Maronan Metals has successfully completed its 2024 drilling program, delivering robust silver-lead assay results that reinforce the resource model and accelerate mine development studies. The company is on track for a resource update in April 2025 and progressing key permitting milestones.

Berkeley Energia reports promising lithium and rubidium mineralisation at its Conchas Project while advancing a $1 billion arbitration claim against Spain over regulatory setbacks at Salamanca.

Carnaby Resources has significantly expanded its Greater Duchess Copper Gold Project through the acquisition of the high-grade Trekelano deposit, increasing its Mineral Resource Estimate by 27% and securing a key processing partnership with Glencore.