Latest Resources News

Nordic Resources has increased the pit-constrained resource at its Kopsa gold-copper-silver deposit in Finland by 86% to 1.52 million ounces of gold equivalent. The update gives the company a larger, more defined resource base, but the project remains at the Mineral Resource stage rather than a development decision.

Austral Resources has extended the known McLeod Hill copper system to more than 1km of strike, well beyond its existing 470m Mineral Resource footprint. The shallow mineralisation sits within existing mining leases and 4.5km of the company’s Western Operations processing facility, but still requires further drilling, modelling and metallurgical work.

Kaoko Metals has confirmed broad, shallow copper-silver mineralisation at Otniel after its first two diamond holes returned strong grades, including intervals above 3% copper. The early results support expanded drilling across the 400km² Chalkos project, but true widths, continuity and metallurgy remain unresolved.

Meeka Metals has begun underground decline development at Fairway, its second mine at the Murchison Gold Project, with first ore targeted for January 2027. The project carries a 50koz initial Ore Reserve, while drilling below the planned mine points to potential reserve growth and a longer mine life.

Recharge Metals has completed its 100% acquisition of the Ironstone Well Gold Project, expanding its Prospero gold exploration trend near Leonora to more than 15km. The deal lands just as the company prepares to start its first 30,000m drilling campaign at the adjoining Sunset Well project.

Iceni Gold has defined a new drilling corridor at Goose Well after diamond drilling confirmed broad, low-grade gold mineralisation with higher-grade quartz veins near the Gander Fault. The company is also preparing for a Gold Fields-funded 7,000m RC campaign at Everleigh, with results expected from December.

Critica has converted 160 million tonnes of its Jupiter rare earths resource into the higher-confidence Indicated category after infill drilling across about 10% of the deposit. The upgrade comes ahead of a scoping study that is expected shortly, although most of Jupiter remains Inferred and no Ore Reserve has been declared.

Rox Resources says construction of its Youanmi processing plant has reached 39%, while underground development advances towards production drilling at United North. Financial close and a $90.2 million debt drawdown have lifted reported cash to $149.2 million, with first gold still targeted for mid-2027.

Kalgoorlie Gold Mining has secured the full A$1.14 million targeted through its underwritten entitlement offer, despite eligible shareholders subscribing for only A$314,170. The capital is earmarked for drilling at the Lighthorse discovery, aircore work at LTZ Flexure and working capital.

Tāiko Critical Minerals has completed the final resource estimate for its Barrytown project, taking the project-wide inventory to 35.0 million tonnes. The result strengthens the base for feasibility work, but the extension still depends on consent and further drilling to address sampling uncertainty.

Surefire Resources has lodged a prospectus for up to 266.6 million new options, although only $90,593 will be raised upfront. The proposed issue would more than quintuple the company’s options on issue and leaves shareholders facing a key approval vote in November.

DGL Group’s FY26 annual report lays bare a difficult year: revenue and underlying earnings fell, statutory losses widened and the auditor issued a qualified opinion over opening inventory. Management is betting on cost cuts, fuller facilities and a new liquid waste plant to repair performance in FY27.