Latest Resource Expansion News

Elevate Uranium announces a maiden Inferred Mineral Resource of 10.1 million pounds U3O8 at Namib IV, boosting the Koppies Project resource to 76.2 Mlb and Namibia’s total uranium inventory to 106.4 Mlb. The deposit remains open for expansion amid ongoing drilling and proprietary processing developments.

Ausgold Limited's latest drilling at the Katanning Gold Project reveals exceptional high-grade gold intercepts, supporting resource growth and mine life extension prospects in Western Australia.

Sunstone Metals has kicked off its latest drilling campaign at the Bramaderos Gold-Copper Project with substantial mineralised intersections, reinforcing the potential to expand its 3.6 million ounce resource. The company prepares to release a scoping study that will clarify the project's economic outlook.

Pursuit Minerals has significantly extended the depth of its lithium brine exploration at the Mito tenement, Rio Grande Sur project, following advanced CSAMT data reprocessing. The company plans a three-hole drilling program to test these high-confidence targets, aiming to expand its resource base beyond the initial 5,000 tpa lithium carbonate production.

Legacy Iron Ore has boosted its Mt Celia gold resource by over half, now holding 390,150 ounces, underpinning its ongoing heap leach pre-feasibility study and signaling potential for further growth.

Dundas Minerals has been granted a key mining lease for its Capricorn Gold Project in Western Australia, enabling the company to exercise its option to acquire an 80% stake and kickstart drilling aimed at extending the resource along a promising mineralised corridor.

Southern Hemisphere Mining and partner FMR Resources have reported broad gold-copper-molybdenum mineralisation at the Southern Porphyry target in Chile, confirming a large porphyry system. Despite fertile intrusive phases intersected, the mineralised core remains elusive, setting the stage for targeted Phase II drilling.

Solstice Minerals has successfully closed a $32.6 million placement and raised an additional $0.81 million through option exercises, issuing nearly 35 million new shares now available for immediate trading.

MinRex Resources has finalized its merger with Electrum Discovery, creating a well-funded ASX-listed explorer with advanced gold and copper projects in Serbia and Australia. The deal brings Electrum’s Tlamino Gold Project and Timok East Copper-Gold targets into MinRex’s portfolio, alongside its existing Sofala Gold Project in New South Wales.

Power Minerals has completed due diligence on the Morro do Ferro rare earths project in Brazil, revealing exceptional magnetic rare earth oxide grades that underpin plans to finalise acquisition and ramp up exploration.

Rimfire Pacific Mining has boosted its Murga Scandium Deposit resource by 300%, lifting the inferred mineral resource to 56.1 million tonnes at 138ppm scandium. The deposit’s low iron content hints at potential cost savings via atmospheric leaching, with follow-up drilling and metallurgical tests slated for mid-2026.

Koba Resources has launched a 2,500m drilling campaign at its Everest Prospect within the Yarramba Uranium Project, aiming to expand on last year’s high-grade uranium discoveries across a 4km strike. Results are anticipated in May as the company targets thicker, higher-grade zones amid a strong uranium market.