Latest Resource Upgrade News

PC Gold’s latest metallurgical testwork at Spring Hill reveals exceptional gold recoveries at coarse grind sizes, promising lower processing costs and higher throughput. The Pre-Feasibility Study remains on track for mid-November delivery.

Buru Energy has boosted its Ungani oil field’s 2C Contingent Resources by around 200%, lifting recoverable oil estimates to 660,000 barrels while exploring new, lower-cost production and local refining options.

Heavy Rare Earths Limited has dramatically increased its Subron Rare Earths Project footprint, capturing significant extensions to high-grade heavy rare earth oxide zones with minimal upfront costs.

Unico Silver delays its maiden Pre-Feasibility Study to January 2027, integrating updated drilling results and advanced metallurgical testing that could expand resource scale and improve production efficiency.

Barton Gold has expanded its Tolmer silver discovery in South Australia, delivering multiple high-grade silver and gold assay results from a recent 3,677m drilling program. The western silver zone now stretches over 500 metres, while the eastern gold zone shows broad, high-grade gold mineralisation. Metallurgical testwork is set to begin, aiming to clarify recoverability and support resource modelling.

Westgold Resources has declared a maiden Ore Reserve of 1.1 million ounces at its Fletcher deposit, marking a significant 30% increase in total Mineral Resources at Beta Hunt and advancing plans for a 4Mtpa processing expansion.

Adavale Resources has reported a standout 19m intercept at 4.0g/t Au well outside the current London-Victoria Mineral Resource Estimate, signalling potential for a significant resource upgrade due in Q3 2026.

Broken Hill Mines (ASX: BHM) has unveiled a significant new high-grade silver, lead, and zinc discovery at its Centenary Zone, expanding the resource with thick, high-grade intercepts that connect a 1,600m strike length and promise a resource upgrade later this year.

Viridis Mining and Minerals Limited (ASX: VMM) has halted trading of its shares pending the release of its Definitive Feasibility Study results, with the suspension expected to last until 20 August 2026 or earlier if the announcement is made sooner.

Meeka Metals has finalised its purchase of three gold deposits near Mt Holland, Western Australia, setting the stage for a resource update and extensive drilling to unlock further value.

Novo Resources has progressed its Belltopper Gold Project with a planned diamond drilling campaign and completed maiden Pilbara drilling programs, while reporting a $3.9 million net loss for H1 2026 and bolstering liquidity through capital raises.

Surefire Resources is initiating an on-market share buy-back of up to 15 million shares, about 8.3% of its issued capital, aiming to correct what it sees as a significant undervaluation relative to its gold assets.