Latest Resource Modelling News

Krakatoa Resources has reported significant high-grade gold and antimony assay results from its Phase 1 drilling at the Zopkhito Project in Georgia, alongside a 12-month extension to its option period. The company plans an expanded exploration program in 2026 aimed at delivering a JORC-compliant resource.

Austral Resources has acquired the Lady Loretta mine from Glencore for A$45.5 million, significantly expanding its copper resource base and strengthening its cash position. This strategic move consolidates tenure adjacent to the Lady Annie Copper Mine and supports Austral’s ambition to become a mid-tier copper producer in North-West Queensland.

Iron Bear Resources has strengthened its financial position with fresh funding from Vale and a significant share sale, while progressing its flagship iron ore project in Canada amid positive government engagement.

Industrial Minerals Ltd has announced a maiden JORC Inferred Mineral Resource Estimate of 6.2 million tonnes at 98% silica for its Pippingarra Quarry Project, signalling a significant step forward in supplying high-value quartz to advanced technology markets.

Tambourah Metals has reported impressive high-grade gold intersections at its Bryah and Tambourah projects, alongside significant critical mineral discoveries at Speewah North, supported by a $5.2 million capital raise to advance exploration.

Native Mineral Resources reports strong assay results from its Blackjack Gold Project in Queensland, revealing significant shallow gold mineralisation and prompting a restart of mining operations.

Tolu Minerals Limited reports steady progress at its Tolukuma Gold Mine, advancing a major mine expansion project targeting 500 tonnes per day production by the first quarter of 2027. Key infrastructure developments, drilling expansion, and processing plant refurbishments underpin the company’s growth strategy.

Reach Resources has completed a significant drilling program at its Murchison South Gold Project and secured two new mining leases, setting the stage for enhanced resource confidence and potential open-pit development.

Golden Horse Minerals reports multiple shallow, high-grade gold intersections at Golden Valley and significant deep drilling success at Southern Cross, backed by a $35 million capital raise to fuel 2026 growth.

Carnaby Resources has reported a 10% increase in its Greater Duchess Copper Gold Project resource, completed full ownership of the JV, and is advancing its pre-feasibility study with strong cash backing and promising drill results.

PC Gold has reported robust drilling results at its Spring Hill Gold Project, revealing multiple visible gold occurrences and new mineralised zones. An updated Mineral Resource Estimate is targeted for Q1 2026, supported by a photon re-assay program and advancing pre-feasibility studies.

Ark Mines has made significant strides in advancing its Sandy Mitchell Rare Earths Project, initiating a full-scale processing trial and securing critical environmental approvals, setting the stage for production by late 2027.