Latest Resource Modelling News

Savannah Goldfields has reported promising high-grade gold intercepts from recent drilling at its Electric Light prospect, part of the Georgetown Gold Project in Queensland. The company plans to update its mineral resource estimate and explore mining options.

Strata Minerals Limited’s inaugural drilling at the Zelica Gold Project confirms consistent, shallow, high-grade gold mineralisation over a 1km strike, with promising extensions open at depth and along strike. Follow-up drilling is set to further define this emerging gold corridor in Western Australia’s Laverton Province.

Ora Banda Mining has approved a $63.2 million investment to advance its growth projects, including a new 3Mtpa processing plant and the Waihi open pit mine, marking a significant step in expanding its Western Australian operations.

Berkeley Energia reports promising metallurgical results from its Conchas critical minerals project in Spain while pursuing a US$1 billion arbitration over permitting delays at its Salamanca uranium project.

Mt Malcolm Mines NL has taken a major step forward with the acquisition of a 500,000 tonnes per annum gold processing plant and an oversubscribed $3.05 million capital raise, while drilling at Picnic South confirms consistent near-surface gold mineralisation.

Sunshine Metals has reported outstanding near-surface gold and silver intercepts from its ongoing drilling at the Liontown deposit, signalling a potential upgrade to its resource and mining plans.

AusQuest Limited has reported significant progress at its Cangallo copper-gold project in Peru, extending mineralisation and advancing drilling programs, supported by a $10 million capital raise and an extended partnership with South32.

Auric Mining Limited has reported a standout December quarter, delivering strong gold production and cashflow from its Munda Gold Mine while advancing key projects at Burbanks and Lindsay’s.

Lunnon Metals reports encouraging assay results from its Hustler prospect, revealing a shallow, thick, and moderately high-grade gold zone. Meanwhile, diamond drilling at the Plentiful prospect is complete, with assays awaited.

OzAurum Resources reports robust, shallow high-grade gold results from its James Stage 1 open pit drilling, reinforcing confidence in near-term development and hinting at significant expansion potential.

InVert Graphite has reported further high-grade graphite drill results from its Kumba prospect in Tanzania, revealing wide zones of mineralisation with grades up to 14.9% Total Graphitic Carbon. Drilling is temporarily paused for the wet season, with additional assay results pending.

Canterbury Resources has reported its longest and one of its highest-grade copper intersections to date at the Briggs deposit, underpinning plans for a major resource upgrade and prefeasibility study.