Latest Resource Upgrades News

Medallion Metals has significantly expanded its sulphide Mineral Resource Estimate at the Ravensthorpe Gold Project to 950,000 ounces gold equivalent, underpinning a rapid move toward production with a feasibility study due in October and a Final Investment Decision expected by year-end.

Terra Metals has raised $15 million through an institutional placement led by cornerstone investors to fast-track exploration and development at its polymetallic Dante Project in Western Australia.

Brightstar Resources has kicked off a significant underground drilling campaign at its Fish Mine, aiming to extend mine life and upgrade mineral resources for future production growth.

Yari Minerals has increased its inferred coal resource at the Rolleston South Coal Project by 26% to approximately 190 million tonnes, leveraging new data from coal seam gas wells. The company plans a drilling campaign to upgrade resource classification and explore semi-soft coking coal potential.

Forrestania Resources has successfully raised $8.6 million through a placement priced at a 21.7% premium, signaling strong investor confidence as it advances multiple gold projects.

Emerald Resources NL has posted a record after-tax profit of A$87.6 million for FY25, driven by robust gold prices and steady output at its Okvau Gold Mine. The company also reported significant resource expansions at its Memot and Dingo Range projects, while achieving a debt-free status.

Gorilla Gold reports exceptional high-grade drill results extending beyond its recent 350,000-ounce Mulwarrie resource estimate, setting the stage for a significant resource upgrade later this year.

Ballard Mining reports strong infill and extensional drilling results at its Mt Ida Gold Project, confirming and potentially expanding the high-grade Baldock resource. The ongoing program aims to upgrade resource confidence and supports future development plans.

Anson Resources is leveraging historic diamond core samples to refine flow rate estimates and upgrade its Green River lithium resource, accelerating its path to production.

Paterson Resources is set to begin an 8,500-metre drilling campaign at its Grace Gold Project, aiming to upgrade its resource classification and unlock further value in a highly prospective region.

Strickland Metals has announced the discovery of a new high-grade copper-gold zone at its 5.3Moz AuEq Shanac Deposit in Serbia, revealing some of the highest copper grades ever recorded at the project. This breakthrough supports the company’s ambitious 50,000m drilling program and a targeted resource upgrade later this year.

Desert Metals Limited has had its trading suspension lifted following the release of new drilling results from its Adzope Gold Project, reopening investor access to the stock.