Latest Resource Extension News

Mithril Silver and Gold Limited has expanded its high-grade silver-rich Target 5 at the Copalquin district in Mexico, with surface samples hitting up to 3,300 g/t silver and 2.0 g/t gold. Drilling programs at multiple targets are progressing, promising significant resource growth.

Turaco Gold has confirmed a significant high-grade gold discovery at its Adiopan prospect within the Afema Project, with drilling results pointing to substantial resource growth ahead of a major update. The company’s Pre-Feasibility Study remains on track, supported by a strong cash position.

Greenwing Resources has unveiled a scoping study for its Que River polymetallic project in Tasmania, outlining a low capital expenditure route to potentially generate A$63 million in cash flow within a year. The study leverages existing infrastructure and highlights significant exploration upside beneath existing pits.

St Barbara Limited has secured approximately A$58 million through an institutional placement to fund its Simberi Expansion Project and advance the 15-Mile Processing Hub in Nova Scotia. This capital raise supports the company’s growth ambitions amid ongoing regulatory and operational developments.

Brazilian Critical Minerals Ltd advances permitting for its Ema rare earths project in Brazil, securing strong local government support and progressing key licence applications.

Tombador Iron Limited, soon to be Atomic Eagle Limited, is set to acquire Canadian uranium explorer GoviEx Uranium Inc and relist on the ASX, backed by a $5–10 million capital raise to advance its flagship Muntanga Uranium Project in Zambia.

McLaren Minerals has confirmed significant high-grade heavy mineral sands extending 500 metres south of its current Indicated Resource at the McLaren Titanium Project, reinforcing the deposit's growth potential and strategic value.

Toubani Resources has reported promising drill results extending gold mineralisation beyond the current Kobada resource estimate, highlighting potential for resource growth both near surface and at depth.

Challenger Gold has secured the final Environmental Impact Assessment amendment for its Hualilán Gold Project, enabling ore haulage and toll milling at the Casposo plant. This milestone unlocks a low-capital pathway to early cash flow while advancing the project’s development.

Lefroy Exploration has received the first $1.25 million cash advance from BML Ventures, strengthening its financial position ahead of key development milestones at the Lucky Strike and Burns Central gold projects.

Cavalier Resources has initiated a 5,000m extensional drilling program at its Crawford Gold Project, aiming to expand mineral resources and underpin future mining stages backed by a robust Pre-Feasibility Study.

Encounter Resources’ recent airborne electromagnetic survey has pinpointed promising new drill targets at its Aileron Project, including high-grade niobium-rare earth zones and a key copper-gold prospect slated for drilling in October 2025.