Latest Resource Upgrade News

Capricorn Metals reports a 13% increase in Mineral Resources at its Mt Gibson Gold Project, highlighted by maiden underground resources and promising high-grade gold intercepts, alongside a strategic acquisition expanding its footprint in Western Australia.

Loyal Metals is deploying cutting-edge drone geophysics to unlock deep copper-gold potential at the historic Highway Reward mine, leveraging AI and $4.4 million in funding.

GTi Energy has marked a pivotal quarter with a positive scoping study for its Lo Herma uranium project in Wyoming, securing $4.5 million in funding led by Snow Lake Energy and gaining regulatory approval to begin drilling this September.

CuFe Limited’s scoping study for its Orlando open pit project in Tennant Creek reveals strong economics with a $355 million NPV and a swift 1.9-year payback, setting the stage for a feasibility study.

Kingsland Minerals has initiated a scoping study for graphite concentrate production at its Leliyn Graphite Project, supported by an updated Indicated Mineral Resource estimate. The study aims to assess the economic viability of a processing facility near Pine Creek, NT.

Ark Mines has secured $1.5 million to advance its Sandy Mitchell Rare Earths project, initiating a key drilling campaign and metallurgical testing aimed at significantly upgrading its resource base.

WIN Metals Ltd has significantly expanded its Butchers Creek gold resource, boosting indicated ounces by 86% and advancing the project towards economic evaluation. Concurrent exploration successes and strategic asset sales underpin the company’s focused growth strategy.

Orbminco Limited has acquired the Majestic North Gold Project in Western Australia for $3.4 million plus royalties, unlocking near-term mining potential and significant exploration upside. Drilling programs are already in progress to validate and expand the resource.

Magnetic Resources NL has achieved a key milestone with the granting of a mining lease over its flagship Lady Julie North 4 deposit, supported by a feasibility study confirming robust economics and over one million ounces of gold production.

Gorilla Gold reports impressive high-grade gold intercepts from its Mulwarrie Project in Western Australia, setting the stage for a significant resource upgrade expected this quarter.

Noble Helium has upgraded its North Rukwa helium resource estimate by nearly 30%, driven by fresh data and a refined charge model, setting the stage for a targeted drilling campaign.

QMines Limited reports promising high-grade copper and zinc intersections from its maiden drilling at Sulphide City, bolstering confidence in the Develin Creek project’s potential.