Latest Resource Upgrade News

Rimfire Pacific Mining’s latest air core drilling at the Murga Exploration Target has revealed multiple broad scandium intercepts, setting the stage for a mineral resource estimate expected by March 2026. This development could significantly boost Rimfire’s scandium inventory in Australia’s Fifield district.

Carnaby Resources has announced a significant update to its Greater Duchess Copper Gold Project, reporting a 10% increase in total mineral resources and a 49% rise in indicated resources. With the Pre-Feasibility Study nearing completion and binding agreements in place, the company targets first ore production in the second half of 2026.

Australian Gold and Copper Ltd has reported outstanding deep drilling results at its Achilles deposit, revealing high-grade silver and gold mineralisation well below previous resource estimates. These findings come as silver prices surge above US$110 an ounce, potentially boosting the deposit's value.

Canterbury Resources has reported its longest and one of its highest-grade copper intersections to date at the Briggs deposit, underpinning plans for a major resource upgrade and prefeasibility study.

Gorilla Gold has restarted drilling at its Mulwarrie and Comet Vale projects in Western Australia, reporting significant high-grade gold assay results that extend mineralisation beyond the current resource estimate. The company is advancing studies to push Mulwarrie towards development amid a strong gold price environment.

Prospect Resources has completed its Phase 2 drilling at the Mumbezhi Copper Project in Zambia, revealing extended copper mineralisation and significant gold by-product potential. The company is well-funded and poised for updated resource estimates in early 2026.

Black Canyon Limited’s December quarter report reveals robust drilling results at its Wandanya manganese and iron project, alongside a significant resource classification upgrade and strategic tenement acquisitions expanding its footprint in Western Australia.

Albright Metals has completed a key diamond drilling program at its Golden Pike Project in Canada and initiated antimony drilling at Bond Road, supported by a successful $1.98 million capital raise.

Elementos Limited has confirmed significant extensions of tungsten and rubidium mineralisation at its Cleveland Tin Project, with new assay results from historic drill core set to feed into an updated resource estimate due next month.

Verity Resources has reported outstanding metallurgical test results from its Korong deposit, achieving an average gold recovery of 92.75%, reinforcing confidence in the Monument Gold Project’s pathway to mining.

Tambourah Metals has identified two promising gold targets at its Beatty Park South prospect through advanced geophysical and soil sampling techniques, setting the stage for imminent drilling campaigns.

GBM Resources has reported significant high-grade gold assay results from its Stage 1 drilling at the 309 deposit within the Twin Hills Gold Project, revealing mineralisation beyond the current resource estimate and setting the stage for expanded drilling.