Latest Resource Upgrades News

Tartana Minerals has unveiled an expanded 21,000-metre drilling program across its Chillagoe portfolio, targeting a suite of critical and strategic minerals with a focus on resource upgrades and maiden estimates.

Forrestania Resources has agreed to acquire a substantial gold tenement package in Western Australia’s Eastern Goldfields, including the Karonie Gold Project with an inferred resource of 111,100 ounces. The $5 million deal combines cash and shares, reinforcing Forrestania’s regional growth strategy.

Diatreme Resources has reported promising aircore drilling outcomes from its Si2 and Casuarina silica sand deposits in Far North Queensland, underpinning resource upgrades and expansion potential. These results bolster the company’s position in the growing specialty glass and solar PV markets.

Charger Metals has reported significant new spodumene-pegmatite lithium mineralisation at its Medcalf Deposit, extending known resources and promising a resource upgrade. Recent drilling results reveal deeper and wider lithium zones, reinforcing the project’s potential.

Paterson Resources has reported impressive shallow gold intercepts at its Grace Gold-Copper Project, setting the stage for a significant resource upgrade and the next phase of drilling.

Barton Gold Holdings has completed a significant drilling campaign at its Challenger Gold Project, setting the stage for a pivotal feasibility study and potential production restart by mid-2026.

Forrestania Resources has announced a JORC-compliant Mineral Resource Estimate of 103,500 ounces of gold at its Johnson Range Project, fulfilling a key condition for acquiring Aurumin Johnson Range Pty Ltd and Aurumin Mt Dimer Pty Ltd from Newcam Minerals.

Resources & Energy Group Limited (ASX: REZ) has announced a significant upgrade to the Goodenough Gold Deposit resource at its East Menzies Gold Project, increasing contained gold by over 15,000 ounces to 61,200 ounces. The majority of the resource is now classified as Indicated and remains open for expansion.

Patagonia Lithium has reported lithium assay results up to 412ppm from its Formentera well, surpassing the project average and setting the stage for an updated Mineral Resource Estimate and further drilling.

Magnetic Resource NL has updated its scoping study for the Lady Julie Gold Project, significantly increasing the underground production target and extending the mine life. The revised plan also lowers underground mining costs and defers some capital expenditure by prioritising open pit operations.

Orbminco Limited has announced a significant update to its Majestic North Gold Project resource, increasing contained gold ounces by 127% and highlighting a high-grade domain that could accelerate mining plans.

Sunshine Metals has secured a $202,235 Queensland Government grant to fund diamond drilling at the Trooper Creek Au-Ag-Cu-Zn target, testing a promising geophysical anomaly. This move complements ongoing work at its Liontown and Sybil projects, signalling a busy exploration period ahead.