Latest Resource Extensions News

Prospect Resources has expanded drilling at Nyungu Central after returning a 27-metre copper intercept outside the existing resource, while maiden drilling at Sharamba confirms a new copper discovery. The results add momentum to Mumbezhi’s growth story, but most Phase 3 assays remain outstanding and no resource update has yet been made.

Cannindah Resources is accelerating drilling at its Cannindah Breccia deposit after identifying mineralisation beyond the existing resource and along a broader 2km structural corridor. An updated resource estimate, incorporating 45 additional drill holes and new metallurgical inputs, is targeted by the end of September.

Aeris Resources delivered FY26 production within guidance while building a much larger investment program around Tritton, including the Constellation and Mallee Bull developments. The company enters FY27 with no debt, $202 million in cash and receivables, and a sharper test of whether higher spending can convert expanded resources into longer mine life and production.

Caspin Resources has identified an 800-metre tungsten soil anomaly at Taylors Hill, where historical drilling returned high-grade tin and tungsten intersections. The results broaden the Bygoo Project beyond its established tin focus, although the strongest evidence remains untested historical data.

Iltani Resources has reported robust assay results from nine new drill holes at its flagship Orient Silver-Indium Project, confirming continuity and expansion potential across Orient East, West, and Vein One zones. The company targets a resource update in Q4 2026 to underpin a 2027 scoping study.

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.