Latest Resource Estimation News

DGR Global’s December quarter report highlights ongoing legal battles, a contested SolGold acquisition offer, and steady progress across its diverse resource portfolio.

Lion Rock Minerals reports exceptional rutile grades and a rare-earth enriched monazite source at its Minta Project in Cameroon, supported by a strategic A$8.6 million placement from Tronox Holdings. The company advances a large-scale infill drilling program and in-country lab development to accelerate resource definition.

Variscan Mines has locked in a A$1 million convertible loan note facility to accelerate exploration and development at its Novales-Udías Zinc Project in northern Spain. This funding underpins the company’s strategy to restart production at the high-grade San Jose Mine.

McLaren Minerals has completed a pivotal Pre-Feasibility Study for its McLaren Titanium Project, confirming a large-scale resource and robust economics, while also acquiring a zircon-rich asset to diversify its portfolio.

Mount Ridley Mines has reported maiden JORC mineral resource estimates for scandium and gallium at its Mount Ridley Project, significantly boosting its critical minerals portfolio and consolidating tenure across a 70-kilometre strike.

Tempest Minerals advances its exploration portfolio with a binding $4.5 million sale of the Yalgoo Project to Capricorn Metals and reports encouraging gold intercepts at its Range Project.

IRIS Metals has reported significant progress in its US lithium and critical minerals projects, highlighted by major rubidium discoveries and a strategic tungsten farm-in. The company is poised to enhance its role in domestic critical minerals supply chains.

First Lithium Limited is progressing towards critical milestones with pending license renewals in Mali expected soon and a maiden Mineral Resource Estimate on the horizon, supported by recent funding injections.

Golden Cross Resources reported a quiet December quarter with ongoing preparatory work at its flagship Copper Hill copper-gold project, while its ASX securities remain suspended pending operational compliance.

Stavely Minerals has initiated an updated 2026 Scoping Study for its Stavely Project, reflecting significantly improved metal prices and exploration results that extend gold mineralisation across multiple prospects.

Xstate Resources has reported a promising gas discovery at its Diona-1 well in Queensland, updating prospective resources to 200 billion cubic feet and securing funding for upcoming appraisal and production testing.

European Lithium Limited has bolstered its cash reserves with over A$300 million from share sales in Critical Metals Corp, while delivering promising high-grade rare earth drilling results at its Greenland Tanbreez Project.