Latest Resources News

Kantra Copper says laboratory testing achieved copper recoveries above 90% and gold recoveries above 50% from Coburn mineralisation using the existing Kanmantoo processing flowsheet. The result reduces a key metallurgical risk in the Pre-Feasibility Study, although rail logistics and deposit variability remain unresolved.

CZR Resources has proposed spending up to $15 million of existing cash on a share buy-back if its Zuleika Gold takeover succeeds and shareholders approve the plan. The transaction could leave Mark Creasy and associated entities with more than 56% of the combined group if they do not participate.

QMines has returned its first modern assay results from beneath the flooded Mt Chalmers pit, with two pontoon holes grading nearly 20% above the existing resource model. A high-grade polymetallic lens and 37 pending assays give the drilling campaign a substantial next phase.

Anson Resources has raised Green River’s modelled post-tax NPV8 to approximately US$1.046 billion after incorporating two conditional Utah incentives. The uplift leaves the project’s US$569 million capital estimate and lithium-price assumption unchanged, but the benefits remain tied to construction, performance and financing milestones.

Aurum Resources has confirmed that the Boundiali assay information was market-sensitive, while defending the timing and validity of a cleansing notice issued before the results were released. ASX has not indicated whether it accepts the company’s explanation.

88 Energy says multiple bids have been received for a farm-out of its South Prudhoe Project, with negotiations continuing toward a preferred partner. Preparations for the Augusta-1 exploration well are advancing, but the planned Q1 2027 spud still depends on farm-out completion and financing.

Stellar Resources has intersected high-grade tin 150 metres north of its Severn resource, strengthening the geological case for a connection with the Montana deposit. Follow-up drilling is underway, but any resource or production uplift remains unconfirmed.

Renascor has produced battery-grade purified spherical graphite at demonstration scale, achieving 99.97% carbon purity through its hydrofluoric acid-free process. The result strengthens the commercialisation case, but Siviour graphite trials, customer qualification and project financing are still ahead.

Kingsgate Consolidated has converted a full year of Chatree mining into record financial results, with revenue up 77% and net profit reaching A$277.9 million. The balance sheet is stronger, dividends have returned and Nueva Esperanza is moving towards a feasibility decision, but higher waste movement and project execution now replace the turnaround story.

BOA Resources has extended a run of strong copper results at Ricci Lee, with high-grade intersections in 20 of 23 RC holes reported so far. The results support continuity in the Main Lode and point to a second Hanging-Wall Lode, while another 23 RC assays remain pending.

Lux Copper’s first three diamond holes at the Baird project in Alaska have intersected broad zones of visually identified copper mineralisation from surface and at depth. The company now faces the more consequential test: laboratory assays expected in November.

Ordell Minerals says new assays confirm wide, shallow gold mineralisation across about 400 metres at McNabs East, with the mineralised zone remaining open. The results are intended to support a maiden Mineral Resource Estimate targeted for the December 2026 quarter, although the resource and any mining decision remain outstanding.