Latest Resource Modelling News

Canterbury Resources is advancing two sizeable Queensland copper projects, but its FY2026 annual report puts the company’s funding position firmly in the spotlight. The explorer ended June with $220,503 in cash and a material uncertainty over its ability to continue as a going concern.

Turaco Gold has reported one of its strongest Woulo Woulo intercepts, with 56 metres at 3.87g/t gold including 16 metres at 10.19g/t. The results extend a high-grade structural shoot beneath the existing resource and trigger another six-hole deep drilling campaign.

Minerals 260 says 320 grade-control holes at Bullabulling have delivered results consistent with its 6.2Moz resource model, while infill drilling returned standout grades at Phoenix and Bacchus. The next test is whether these higher-grade zones prove continuous enough to influence mine planning and the definitive feasibility study.

Cobre has outlined a three-stage plan to lift Sierra Atacama’s copper cathode capacity from its existing configuration to 18,000 tonnes per annum, then 25,000 tonnes, with a larger 50,000-tonne case under consideration. The targets depend on refurbishment, permitting, further drilling and resource modelling.

PC Gold has extended three gold lodes north of its Spring Hill resource, including a newly identified Link-style zone with grades as high as 10.03 g/t Au. Ten of 32 RC holes remain unassayed, leaving the scale and continuity of the extensions unresolved.

Magnum Mining has added 119 assay results to its Piracanjuba North database, identifying four coherent high-desorption zones across roughly 7.19 square kilometres. The results strengthen the exploration case ahead of a targeted November resource estimate, although the desorption figures remain laboratory screening results rather than process recoveries.

Midas Minerals has extended confirmed mineralisation at its Spaatzu copper-silver deposit in Namibia to 1.5 kilometres, with broad shallow intercepts continuing to emerge from step-out drilling. Assays from another 19 holes are pending ahead of a planned initial resource estimate in the first quarter of 2027.

Austral Resources has extended the known McLeod Hill copper system to more than 1km of strike, well beyond its existing 470m Mineral Resource footprint. The shallow mineralisation sits within existing mining leases and 4.5km of the company’s Western Operations processing facility, but still requires further drilling, modelling and metallurgical work.

Lunnon Metals has returned broad, high-grade gold intersections from the extensions of its recently mined Lady Herial pit, including 16 metres at 9.14 g/t gold. The results will feed an updated resource model and a December scoping study assessing whether a deeper cut-back can work.

QMines has returned its first modern assay results from beneath the flooded Mt Chalmers pit, with two pontoon holes grading nearly 20% above the existing resource model. A high-grade polymetallic lens and 37 pending assays give the drilling campaign a substantial next phase.

Forrestania Resources has outlined a maiden 223,300-ounce JORC Mineral Resource at Tampia, a previously mined deposit positioned 140km from the Edna May processing plant. The estimate gives the newly acquired Westonia Hub another potential ore source, but relies on an AUD 6,000/oz gold price assumption and includes 104,800 ounces classified as Inferred.

OD6 Metals has secured A$6.92 million from institutional and sophisticated investors to advance drilling, bulk sampling and resource definition at its Quinn Fluorspar Project in Nevada. The funding also sets up a proposed rebrand to Adaven, but brings dilution and a substantial package of shareholder approvals.