Latest Resource Upgrade News

Everest Metals Corporation has released further assay results confirming thick, high-grade rubidium mineralisation at its Mt Edon project in Western Australia, underpinning an upcoming resource upgrade. The company’s collaboration with CSIRO is refining processing strategies to enhance recovery rates.

Resources & Energy Group Limited (ASX, REZ) has initiated reverse circulation drilling at its East Menzies Gold Project, aiming to expand known gold mineralisation and explore new targets at Gigante Grande and Goodenough deposits.

Venari Minerals has announced a maiden inferred Mineral Resource Estimate of 3.03 million tonnes of Lithium Carbonate Equivalent at its Red Mountain Lithium Project in Nevada, positioning it as a major new lithium contender in North America.

Pursuit Minerals has delivered a compelling Pre-Feasibility Study for its Rio Grande Sur lithium project in Argentina, confirming strong economics and a maiden Ore Reserve. The company also secured a A$7 million capital raise to advance development.

First Au Limited has reported strong initial assay results from its Phase 3 drilling at the Gimlet Gold Project, confirming high-grade gold mineralisation and setting the stage for a resource upgrade.

Axel REE Limited's latest magnesium sulphate leach tests at the Paraíso target confirm robust rare earth grades and a magnet-rich basket, underpinning a modular in-situ leach development at the Caladão Project in Brazil.

Adavale Resources has raised $5.15 million in a strongly supported placement to fund an expanded drilling program at its London Victoria Gold Mine and advance regional exploration efforts.

West Wits Mining has announced a substantial 44% increase in its gold resource at the Witwatersrand Basin Project, boosting the total to 7.24 million ounces and setting the stage for imminent production at Qala Shallows.

Strickland Metals has reported compelling new drilling results at its Gradina Deposit in Serbia, revealing strong gold and base metal mineralisation that extends beyond the existing 1.2 million ounce resource. These findings highlight significant growth potential within the Rogozna Project.

Barton Gold Holdings has initiated an 8,000m drilling campaign at its Challenger Gold Project, aiming to upgrade resources and deliver a Definitive Feasibility Study by mid-2026. This move sets the stage for restarting the Central Gawler Mill and advancing multiple regional assets.

Rincon Resources has secured drilling approvals for its Hasties gold-copper deposits near Telfer, aiming to expand mineralisation and update its resource estimate by the end of Q1 2026.

Tempest Minerals and Capricorn Metals have agreed to extend the completion date for the Yalgoo Project sale to mid-February 2026, allowing time to finalise administrative and regulatory requirements without altering deal terms.