Latest Resource Expansion News

PhosCo Ltd has expanded its Gasaat phosphate resource to 166.6 million tonnes at 20.6% P2O5, unveiled new discoveries, and achieved a metallurgical breakthrough that simplifies processing, positioning the project for a Bankable Feasibility Study in late 2026.

Legacy Minerals has significantly expanded its Mt Carrington Mineral Resource Estimate to 47.9 million tonnes containing 1.6 million ounces gold-equivalent, boosting the Indicated category by 69% and setting the stage for an optimised scoping study.

Berkeley Energia has reported a maiden inferred lithium and rubidium resource at its Conchas Project in Spain, alongside appointing former Endesa CEO José Bogas Gálvez to its board, while continuing a US$1.25 billion arbitration against Spain over its Salamanca uranium project.

WA1 Resources has bolstered its Luni Niobium Project’s Indicated Mineral Resource by 20 million tonnes and reported promising beneficiation testwork, setting the stage for its Pre-Feasibility Study due in Q4 2026.

Tungsten Mining has locked in a robust economic case for its Watershed project with a pre-tax NPV of A$1.31 billion and IRR near 200%, while launching its largest-ever drilling campaign at Mt Mulgine to underpin long-term growth.

Marmota Limited’s maiden drilling program at Greenewood in South Australia delivers multiple bonanza-grade gold intersections, while Stage 3 drilling accelerates resource expansion efforts.

High-Tech Metals has completed a major drilling program at Mt Fisher with promising early assays and delivered exceptional metallurgical recoveries at Wagtail, progressing both projects toward near-term production.

Everest Metals is set to begin toll processing at its Mt Dimer Gold Project in September 2026, backed by strong mining progress and promising high-grade drill results.

Yandal Resources has expanded the Arrakis gold discovery with high-grade mineralisation at depth and confirmed fresh rock gold at Flushing Meadows, underpinning a busy September quarter exploration schedule.

Leeuwin Metals has expanded its Marda Gold Project resource to 378,600 ounces, boosting Indicated ounces by 41% and Evanston ounces by 22%. The upgrade sets the stage for development studies and ongoing exploration.

Saturn Metals has locked in $100 million from a two-tranche placement, anchored by major shareholders including Golden Crane, to push its Apollo Hill Gold Project towards production. A $5 million Share Purchase Plan will offer further participation to existing investors.

Vital Metals has confirmed and expanded rare earth and niobium mineralisation at its Tardiff deposit in Canada, with high-grade drill results pushing beyond the existing resource envelope. Anomalous gallium values also emerged, prompting further study.