Latest Resources News

Patagonia Lithium has corrected its Well 8 announcement, confirming a 72-hour pumping rate of about 2,043 litres per hour and rapid aquifer recovery at its Cilon project in Argentina. The pumped brine is estimated to have contained 29kg to 33.7kg of lithium, although the figure is an inferred assay-based estimate rather than a resource or production measure.

Coda Minerals has moved Elizabeth Creek closer to a targeted first-quarter 2027 pre-feasibility study, backed by improved leach recoveries, drilling and fresh funding. But the copper developer remains loss-making, burned A$8.87 million in operating cash and will likely need further capital to progress beyond the study stage.

Astral Resources has more than doubled the Spargoville project’s mineral resource to 281,000 ounces after reinterpreting four deposits and applying a larger optimised pit shell. The update lifts the group’s reported mineral resource to 2.21 million ounces, but remains a resource estimate rather than an ore reserve or production declaration.

Pioneer Minerals is pursuing staged options over a 3,477-hectare Argentina gold-copper-silver project where historical drilling returned broad, high-grade polymetallic intervals. The proposed acquisition is paired with an A$1.8 million funding package, but both the transaction and most of the capital raise require shareholder approval.

Mastermyne has secured a two-year mining services contract tied to the proposed restart of Tahmoor mine in NSW, with gross revenue of approximately $80 million. Two further extension options could lift the total to approximately $240 million over six years and take its workforce beyond 1,000.

Aurum Resources has reported further gold mineralisation across three Boundiali targets, including a high-grade 5.85-metre intercept at BMT3. The 60-hole program is designed to expand the resource, upgrade confidence and support a maiden estimate for BMT2 ahead of an early fourth-quarter update.

Cyprium Metals says direct-injection heap leaching at its Nifty Copper Complex has reached target injection rates, with 212 wells now established across Pad 6. The company remains on track for wet commissioning and first copper cathode production in Q4 2026, although the reported chemistry is still based on early commissioning results.

Dalaroo Metals will drill five holes totalling about 1,250 metres around its high-grade Wilfred gold intercept in Côte d’Ivoire. The work is designed to establish whether the 18-metre zone at 7.31 g/t gold extends at depth and along strike, while new assays and a diamond rig add near-term exploration catalysts.

Alkane Resources has opened FY27 with 40,740 gold equivalent ounces of production and $440 million in cash and bullion. The miner has maintained its full-year guidance while funding mine extensions, growth projects and its maiden dividend.

DPM Metals produced 97,000 gold equivalent ounces in the third quarter and now expects to reach the high end of its 2026 production guidance. Vareš is running ahead of expectations, but its growth plans remain exposed to an unresolved legal review in Bosnia and Herzegovina.

Carnarvon Energy is lining up Ara as the likely firm well in its 2027 Bedout campaign, backed by a contracted rig, environmental approvals progressing and A$97 million in cash. The prospect carries 191 million barrels of oil equivalent in gross unrisked prospective resources, but only a 37% geological chance of success and uncertain fluid type.

Tennant Minerals has begun a multi-stage diamond drilling campaign targeting extensions and possible repetitions of its high-grade Bluebird copper-gold-bismuth discovery. The program tests an interpreted 1.5km structural corridor, but the Warrego-scale comparison remains an exploration target rather than an estimate of mineralisation.