Latest Resource Upgrade News

AIC Mines reported solid copper production at Eloise with significant resource upgrades at both Eloise and Jericho, despite weather-related shipment delays. The company is progressing its processing plant expansion with a contract award expected soon.

Metal Bank Limited has reported a substantial 73% increase in its Livingstone Gold Resource in Western Australia, while progressing exploration and development initiatives across Australia, Jordan, and Saudi Arabia, supported by a $275k Queensland government grant for graphite.

Brightstar Resources reported robust March quarter results, highlighted by Second Fortune’s transition to full production and the commencement of Fish mine development, underpinning a clear growth trajectory.

Alma Metals has released a significant update to its Briggs Copper JV Project resource, incorporating silver for the first time and demonstrating high copper recoveries. The company is progressing a scoping study and preparing for further drilling to expand and upgrade the resource.

Sun Silver Limited has initiated a focused drilling campaign at its flagship Maverick Springs Project in Nevada to upgrade its substantial 480Moz silver-gold resource and explore expansion opportunities.

Ramelius Resources delivered a record underlying free cash flow of A$223 million in the March 2025 quarter, upgraded its full-year gold production guidance, and advanced a transformational acquisition of Spartan Resources to create a leading Australian gold producer.

Gorilla Gold has exercised its option to acquire the remaining 49% stake in the Comet Vale Project, increasing its ownership to 100% and positioning itself to capitalise on recent high-grade discoveries.

Argent Minerals reported robust exploration progress in the March 2025 quarter, revealing extensive silver-gold-copper-lead-zinc mineralisation across multiple NSW prospects and exceptional gold grades at Trunkey Creek. The company maintains a solid cash position to advance its projects.

Godolphin Resources has reported multiple high-grade drill results from its Lewis Ponds project, exceeding expectations and highlighting significant potential for resource growth. The company also secured $1 million in new equity funding to advance metallurgical testing and resource upgrades.

Krakatoa Resources has revealed promising extensions of antimony-gold mineralisation at its Zopkhito Project in Georgia, supported by recent geophysical modelling, while securing a drilling grant for its Mt Clere Project in Western Australia.

Canterbury Resources has reported significant advances at its Briggs Copper Project, including enhanced metallurgical recoveries and a resource upgrade, underpinning a scoping study on track for mid-2025 completion.

Native Mineral Resources Holdings Limited (NMR) reports promising assay results from resource definition drilling at its Blackjack Gold Project in Queensland, confirming shallow, high-grade gold mineralisation and deeper extensions. The company is advancing refurbishment of its processing plant, targeting gold production in Q3 2025.