Latest Resource Upgrades News

Alma Metals has raised $4 million through an oversubscribed placement to fund critical drilling and pre-feasibility studies at its Briggs Copper Project, reinforcing investor confidence and positioning the company for increased joint venture control.

Brightstar Resources has secured full funding for its Goldfields Project, targeting 75,000oz gold production annually from mid-2027, while advancing the Sandstone Project towards a potential Tier-1 development with production aimed for 2029.

TG Metals targets a potential doubling of its laterite gold resources at Van Uden, advancing heap leach project designs and awaiting drilling approvals.

CuFe’s expanded scoping study for its Orlando copper-gold project integrates underground mining and new bismuth and silver revenue streams, lifting project NPV to A$908 million at spot prices and shortening payback to 10 months.

Axel REE reports thick, shallow rare earth mineralisation with strong heavy rare earth enrichment at Woolrich, underpinning plans for an Indicated resource upgrade and in-situ recovery trials.

St George Mining has secured Worley Engenharia Ltda as technical adviser to accelerate feasibility studies and project development at its Araxá Niobium-Rare Earths Project in Brazil, leveraging a highly experienced local team and strong government support.

Emerald Resources has cleared the final regulatory hurdle for its Dingo Range Gold Project and committed A$30 million to critical equipment purchases, underpinning its ambition to become a multi-mine gold producer across Australia and Cambodia.

Advance Metals has launched its first diamond drilling campaign at the high-grade Gavilanes Silver Project in Mexico, aiming to convert a substantial Foreign Estimate into a JORC-compliant resource by year-end.

Dreadnought Resources has launched a comprehensive target definition program at its Mangaroon Gold Project, deploying soil sampling and a gradient array induced polarization survey to pinpoint new drill targets ahead of discovery-focused drilling later this year.

Brightstar Resources (ASX:BTR) has reported multiple high-grade gold intercepts from ongoing drilling at its Sandstone Gold Project, supporting a mid-year resource upgrade and Pre-Feasibility Study.

St George Mining’s latest drilling at the Araxá project in Brazil reveals thick, high-grade rare earth and niobium mineralisation extending beyond existing resource boundaries, reinforcing its status among the world’s leading deposits.

Barton Gold’s preliminary gravity test at its Tolmer Silver prospect produced a concentrate grading above 100,000 g/t silver, prompting an expedited follow-up drilling campaign to explore extensions and confirm metallurgical potential.