Latest Resource Upgrade News

First Au Limited has boosted confidence in its Gimlet Gold Project by upgrading 62% of its resource to Indicated, while streamlining its focus on Western Australian gold through the acquisition of the Barlee Project and exiting offshore assets.

Atomic Eagle has kicked off a substantial 30,000-metre drilling campaign at its Muntanga Uranium Project in Zambia, targeting resource growth and new discoveries across three priority areas following a recent 24% resource upgrade.

VBX Limited has more than doubled the Measured and Indicated Mineral Resource at its Wuudagu bauxite project to 131.9 million tonnes with improved grades, while also enhancing its Definitive Feasibility Study scope and securing additional funding.

Venari Minerals has achieved a key metallurgical milestone by producing 99.5% pure battery-grade lithium carbonate from its Red Mountain Project in Nevada, highlighting its potential as a domestic US lithium chemical source alongside valuable by-products.

St George Mining has expanded its Araxá rare earths-niobium resource by 75% to 70.91Mt at 4.06% TREO, positioning the project among the world’s largest carbonatite deposits. The company also acquired land for processing facilities and forged new downstream partnerships, supported by Minas Gerais state tax incentives.

Hammer Metals has kicked off a Reverse Circulation drilling campaign at its Mount Isa Kalman project, aiming to upgrade inferred copper-gold resources and expand near-surface mineralisation. The program supports an upcoming Scoping Study and reflects optimism due to recent strength in copper, molybdenum, and rhenium prices.

European Resources has more than doubled its Korsnäs rare earth resource following a successful drilling program and metallurgical advances, underpinning a $3.4 million capital raise to fund further development.

True North Copper has kicked off a major 2026 drilling campaign at its Mt Oxide Project, aiming to extend the Aquila copper-cobalt-silver discovery and advance resource growth across the district.

Rumble Resources has pushed deeper into its Western Queen Central deposit with a standout 9.45m intercept grading 11.16 g/t gold, reinforcing a string of high-grade hits that promise a significant resource upgrade.

Minerals 260 has locked in a $220 million funding deal with Franco-Nevada, combining royalty and equity financing to fast-track its 4.5Moz Bullabulling Gold Project. Strong drilling results and accelerated project work underpin a development timeline targeting first production by end 2028.

Metals Australia’s new PEA for its Quebec Battery Anode Material Refinery reveals robust economics with a $2.05 billion USD pre-tax NPV and a 25.6% IRR, underpinning plans for a final feasibility study.

Elevate Uranium Ltd pushes back its U-pgradeTM pilot plant results to August 2026 amid operational tweaks, while reporting a doubled resource grade at Marenica and a 76.2 Mlb uranium resource at Koppies.