Latest Resource Upgrade News

Resouro Strategic Metals has unveiled a robust Preliminary Economic Assessment for its Tiros Titanium and Rare Earths Project, signalling a post-tax NPV of US$715 million and a 44.2% IRR over 20 years. Meanwhile, binding agreements for mining and processing at the Novo Mundo Gold Project promise to unlock additional value.

Mithril Silver and Gold has upgraded its Target 1 resource at the Copalquin project, delivering a 196% increase in indicated ounces and incorporating mining dilution to better reflect practical extraction scenarios.

Patagonia Lithium has ramped up pumping rates at its Formentera-Cilon lithium brine project with a 58% increase from Well 2, while advancing drilling and testing at Wells 7 and 8. The progress supports ongoing resource upgrades and operational efficiencies.

Andean Silver has significantly expanded its Cerro Bayo silver-gold project resource, increasing the Indicated Mineral Resource by 230% to 60 million ounces silver equivalent and raising the total resource to 136 million ounces AgEq. This upgrade sets the stage for upcoming feasibility studies and a major drilling campaign.

Orbminco Limited's latest infill drilling at Majestic North delivers standout shallow gold grades, setting the stage for a resource upgrade and advancing mining studies.

Sunstone Metals has raised $10 million through a discounted share placement, with strategic investor DGR Global acquiring a 10% stake and board representation. The funds will boost exploration and development at Sunstone’s high-potential gold-copper projects in Ecuador.

New Talisman Gold Mines commissioned its processing plant and secured commercial offtakes while reporting a $2.26 million net loss in FY26. The company is refocusing on geological modelling and targeted drilling to boost resource confidence and production.

Flagship Minerals has wrapped up its metallurgical drilling and trenching at the 2.1Moz Isidora Gold Project in Chile, progressing to pilot scale heap leach test work and ongoing infill drilling targeting a resource update later this year.

Black Cat Syndicate has significantly expanded gold resources at its Kal East operation, lifting Trojan's resource by 62% to 202koz and refreshing Imperial to 84koz, underpinning plans to expand processing capacity and extend mine life.

Nordic Resources (ASX:NNL) has reported new drill results extending gold-copper mineralisation well beyond the 2025 resource boundary at its Kopsa project in Finland, supporting an upcoming resource upgrade.

Krakatoa Resources has kicked off its 2026 drilling campaign at the Zopkhito Project in Georgia, aiming to convert a significant foreign resource estimate into a JORC-compliant Mineral Resource Estimate while advancing early mine development studies.

The Elmet Group has exercised its option to acquire 20 million shares in EQ Resources, lifting its stake to over 23.6 million shares and reinforcing a strategic partnership that aligns mining and manufacturing in the Western tungsten supply chain.