Latest Resource Valuation News

ADX Energy’s HOCH-1 exploration well in Upper Austria delivered a promising clean-up flow of 2.8 million cubic feet per day from its first tested gas zone, signalling encouraging reservoir potential ahead of further testing.

Galileo Mining has identified compelling geophysical targets at its Norseman project, setting the stage for a 5,000-metre drilling campaign focused on sulphide mineralisation at Mission Sill and Callisto South.

Chariot Resources advances its Nigerian lithium acquisition with six licences transferred and spodumene confirmed in samples, while raising A$2.15 million and securing a A$3.5 million loan refinancing.

Delta Lithium has issued a formal correction disputing a $93 billion in-ground valuation of rubidium at its Mt Ida project reported by the Australian Financial Review, citing JORC Code compliance. The company urges investors to disregard the figure and requests resumption of trading.

Winsome Resources Limited is set to be acquired by Li-FT Power Ltd through a scheme of arrangement, consolidating key lithium assets and creating a dual-listed entity on ASX and TSXV.

Tyranna Resources has withdrawn certain visual mineralisation estimates from its recent quarterly report, citing non-compliance with ASX reporting standards and urging investors to disregard these figures.

Paterson Resources has responded to an ASX price query following a notable rise in its share price and trading volume, confirming no undisclosed information exists. The company points to imminent drilling results from its Grace Project as the likely catalyst for market activity.

West Wits Mining has transitioned its Qala Shallows project from mobilisation to underground production, delivering first ore to surface and targeting its first gold pour in March 2026. The company has secured substantial funding to support this milestone and future growth.

Larvotto Resources has reported multiple high-grade gold, antimony, and tungsten intercepts from diamond drilling at its Metz Mining Centre, reinforcing the potential for a significant resource upgrade later this year.

Axel REE Limited reveals a substantial inferred resource at its Caladão Project, advancing plans for in situ recovery trial mining in 2026 to produce rare earth and gallium products. The company’s low-cost, environmentally conscious approach positions it well within Brazil’s Lithium Valley mining hub.

Elixir Energy has secured a specialized rig imported by Shell to drill the pivotal Lorelle-3 appraisal well in Queensland’s Taroom Trough, with operations set to begin in January 2026. This move aims to validate Elixir’s substantial gas resources adjacent to Shell’s acreage.

Elixir Energy has received a $3.861 million R&D tax refund, providing crucial funding for its upcoming Taroom Trough appraisal drilling and production testing programs.