Latest Resource Extension News

Polymetals Resources has boosted the Endeavor Mine’s Mineral Resource to 20.7 million tonnes, adding 1.3 Mt of high-grade sulphide mineralisation in the Upper Main Lode despite ongoing depletion and a more conservative density model.

Corazon Mining has unveiled a maiden Exploration Target at its Chalice Gold Project in WA, suggesting the mineralised system could hold up to 830,000 ounces of gold, significantly above the existing resource. A 7,500m drilling campaign is set to test this potential, marking a step towards development.

Vault Minerals has reported a 9% increase in its 2026 Ore Reserves to 3.9 million ounces of gold, driven by notable gains at its Leonora and Deflector operations, underpinning a robust production outlook through FY29.

Paladin Energy has reported significant new high-grade uranium intersections at its Patterson Lake South project, expanding key deposits and uncovering fresh mineralisation zones.

PolarX Limited has intersected significant massive sulphide copper mineralisation in new zones approximately 60m west of the existing Caribou Dome resource in Alaska, potentially expanding the known deposit. Drilling by the Alaska Range Joint Venture with Northern Star continues, with assays expected in October 2026.

Podium Minerals' recent share purchase plan secured $1.56 million, significantly below its $4 million underwritten target, leaving a $2.44 million shortfall to be addressed.

Cobre Limited’s Chilean subsidiary has increased its ownership in the Sierra Atacama Copper Project to 62.86%, positioning the company for expanded copper output amid rising global demand.

Great Southern Mining’s latest assays from the Blanc Plat target reveal promising shallow gold intercepts that may represent a northern extension of the Mon Ami deposit, bolstering resource growth prospects near Laverton.

Broken Hill Mines Limited posted a $48.8 million loss for FY2026, driven by acquisition-related costs and re-compliance expenses, despite a 56% revenue increase reflecting production growth at Rasp and Pinnacles mines.

West Cobar Metals is broadening its scandium exploration at Salazar by adding the Benriach Prospect to its Q4 2026 air-core drilling program, aiming to tap near-surface scandium enrichment and higher-grade zones within its existing resource.

Australian Mines is poised to kick off a key drilling campaign at its Flemington Scandium Project, aiming to expand its already impressive resource and support plans to triple scandium production amid tightening supply.

Horizon Gold has unveiled significant gold intercepts from recent RC drilling at its Gum Creek Project, notably confirming an 800-metre southern extension at the Howards prospect alongside promising results at Heron South and Melbourne Bitter, underpinning potential resource growth ahead of planned updates.