Latest Resource Upgrades News

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.

Alligator Energy has initiated uranium extraction at its Samphire Uranium Project, marking a key milestone as initial uranium concentrations are detected during the Field Recovery Trial.

Ragnar Metals has confirmed high-grade gold extensions at its Harnäs Project in Sweden through recent channel and rock sampling, with drilling preparations now underway following regulatory approvals.

Stavely Minerals has unveiled a substantial upgrade to its 2026 Mineral Resource Estimate, more than doubling contained copper and advancing a scoping study that highlights promising production potential.

Skylark Minerals’ latest drilling at the M’Basso Zone within its Zaranou Gold Project reveals thicker and richer gold intersections at greater depths, validating its geological model and hinting at significant resource expansion.

PC Gold has reported multiple thick, high-grade gold intercepts from drill hole MS-011, extending the Main Zone strike at its Spring Hill Gold Project by 120 metres to the south. This discovery opens up significant potential to increase resource size and improve project economics within the existing pit shell.

CuFe Ltd has significantly upgraded the Orlando Copper-Gold Deposit resource classification at Tennant Creek, boosting Indicated tonnes to 87% and enabling underground mining studies. This milestone enhances the project’s economic outlook with critical minerals now factored into upcoming development plans.

Barton Gold has commenced a critical drilling program at its Challenger Gold Project, aiming to convert resources to ore reserves and deliver a Stage 1 feasibility study by mid-2026. This marks a pivotal step towards restarting operations and expanding regional development optionality.