Latest Resource Expansion News

Far East Gold has boosted its stake in the Idenburg Gold Project to 51%, revealing a 44% increase in inferred gold resources to 780,000 ounces. The company’s Independent Board Committee advises shareholders to reject an unsolicited takeover bid from Xingye Gold, which an expert deems undervalues the company.

Tennant Minerals has confirmed robust high-grade copper-gold-bismuth mineralisation at its Bluebird discovery, extending the resource down-plunge and westward. The company secured $2.8 million in funding to accelerate drilling and development.

Boab Metals has secured key contracts and financing milestones, accelerating the Sorby Hills Silver Lead Project with first production slated for H2 2027.

Lac Gold Limited's latest drilling at the Rouyn Gold Project reveals extensive high-grade gold mineralisation, while the acquisition of the historic Golden Patricia Mine adds a significant growth platform. The company ends the quarter with $13.3 million in cash and a clear focus on resource expansion.

Quantum Graphite has cemented a two-decade exclusive ore supply agreement with Sunlands Pure Group, consolidating its downstream processing and refining operations. The company also secured environmental approvals for Sunlands Pure’s Oman refinery and kicked off detailed engineering for its Uley 2 project.

Turaco Gold’s Pre-Feasibility Study for the Afema Project in Côte d’Ivoire outlines a robust gold development producing around 200,000 ounces annually over a decade, backed by a maiden 1.91Moz Ore Reserve and a US$2.1 billion post-tax NPV.

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.