Latest Resource Upgrades News

Gorilla Gold has completed its maiden drilling at Mulwarrie and accelerated exploration at Comet Vale, aiming for significant resource upgrades in 2025. Recent drilling extends high-grade gold mineralisation, setting the stage for expanded Mineral Resource Estimates later this year.

Peak Minerals Limited has disclosed previously withheld heavy mineral assay results from its Minta Rutile Project following an ASX price query, shedding light on recent trading activity.

Ark Mines has awarded a contract for a 2,500m drilling campaign at its Sandy Mitchell project, aiming to significantly expand its rare earth mineral resource ahead of a key feasibility study.

Emperor Energy secures independent validation of its Judith Gas Field resources, boosting unrisked prospective volumes to 1.86 trillion cubic feet and setting sights on a mid-2026 appraisal well to advance development.

Red Mountain Mining has successfully raised $0.65 million through a heavily oversubscribed placement, enabling accelerated exploration at its Armidale Antimony-Gold Project and other gold assets in Australia and Canada.

Chilwa Minerals has announced a significant 85% increase in its Heavy Mineral Sands resource, now totaling 110 million tonnes at 4.03% total heavy minerals, with 71% classified as Indicated. This upgrade sets the stage for upcoming feasibility studies and further resource enhancements.

Redcastle Resources has significantly boosted its gold Mineral Resource Estimates to 42,000 ounces across its Queen Alexandra and Redcastle Reef deposits, marking a 280% increase from its maiden resource. The company is advancing towards near-term production with a strategic partnership and ongoing scoping study.

WA1 Resources has announced a significant update to its Luni niobium deposit, increasing total tonnage by 10% and adding a substantial Indicated resource component, reinforcing its status as a world-class discovery.

Alvo Minerals has successfully closed its retail entitlement offer, raising $810,985 and bringing total proceeds from its recent capital raise to $1.56 million. The funds will support ongoing exploration at its Palma Cu/Zn Project and other mineral ventures in Brazil.

Rapid Critical Metals has successfully raised A$10.5 million through a two-tranche placement to fund the acquisition of the Conrad and Webbs Silver Projects in New South Wales, setting the stage for an accelerated exploration campaign.

Stellar Resources reports strong new tin drill results at Queen Hill, supporting resource upgrades and advancing the Heemskirk project towards production readiness.

Horizon Minerals has initiated a major two-phase drilling program at its Burbanks gold project to upgrade resource confidence and explore extensions, underpinning plans for a refurbished processing plant and first gold production by 2026.