Latest Resource Modelling News

Flynn Gold has completed its renounceable rights issue, raising A$1.5 million before costs to advance resource work at its Firetower and Golden Ridge projects in Tasmania. The funding comes with almost 100 million new shares and more than 52 million new options entering the capital structure.

Pilbara Gold’s latest drilling has extended broad gold mineralisation as much as 200 metres below parts of its 2.1Moz Mt York resource, strengthening the case for an updated estimate ahead of a prefeasibility study. Roe Hills has also produced wide, high-grade hits, but both growth stories still depend on further drilling, assays and resource modelling.

Tambourah Metals has confirmed a high-grade primary gold interval at Baxter South while progressing drilling toward a maiden resource at Tambourah King. The ASX-listed explorer ended September with A$4.037 million in cash and estimated funding for 4.53 quarters at the quarter’s reported spending rate.

Many Peaks Minerals has extended the tested depth of its Ouarigue gold system beyond 900 metres, with a post-quarter hole returning 188.9 metres at 3.58g/t gold. The results will feed an updated resource estimate and a combined open-pit and underground assessment, while the company’s A$20.1 million cash balance supports the next phase of work.

Kantra Copper has lifted Kanmantoo’s Ore Reserve by 31% to 5.2 million tonnes, adding a maiden reserve for Emily Star and extending the underground mine plan to December 2029. The expansion supports a positive pre-tax NPV, but the scheduled production rate remains below the company’s stated 2 million tonne annual goal.

Reach Resources has identified shallow, higher-grade gold zones in grade control drilling at the proposed NW Pit, including 2 metres at 24.6 g/t Au within a broader 7-metre interval grading 7.5 g/t Au. The results largely support the existing resource model while pointing to additional grade and width that could influence mine scheduling.

Minerals 260 has strengthened the funding and development position of its Bullabulling gold project, reporting approximately A$600 million of pro forma cash and a definitive feasibility study still targeted for Q1 2027. The company has also completed initial grade-control drilling, expanded its mining tenure and advanced village and water infrastructure.

Argosy Minerals has upgraded the JORC mineral resource at its Rincon Lithium Project to 790,000 tonnes of lithium carbonate equivalent, with 600,000 tonnes classified as Indicated. A separate conceptual Exploration Target of up to 1.03 million tonnes has been identified below the resource, adding potential upside ahead of further drilling and the project’s Definitive Feasibility Study.

Li-FT Power has returned a 56-metre intersection grading 1.43% Li₂O from the first assays of its 2026 drilling campaign in Quebec. The results strengthen the company’s geological interpretation ahead of a planned resource estimate and preliminary economic assessment in early 2027, although most of the program remains to be reported.

Turaco Gold has reported high-grade gold extensions at Begnopan and Asupiri-Adiopan, including a 6-metre hit at 18.52g/t, as it prepares to update Afema’s 4.65Moz Mineral Resource. The results remain exploration data rather than a new resource or reserve, but several intersections sit beyond existing models and Ore Reserve boundaries.

Marmota has extended the high-grade Greenewood gold system north and to depth, with mineralisation now traced across more than 2km of strike. The latest assays include 8 metres at 11.5 grams per tonne gold, although the results are still based mainly on initial 4-metre composites and do not yet establish a mineral resource.

Cannindah Resources has increased the Cannindah Breccia Mineral Resource by 37% to 23.2 million tonnes, while new drilling and coarse-particle flotation results strengthen the case for further work at Mt Cannindah. The company ended September with A$10.86 million in cash and assays pending from 14 holes.