Latest Resources News

Burley Minerals has confirmed shallow Channel Iron Deposit mineralisation across the North and Step-Out Targets at its Cane Bore project, with assays averaging 50.6% Fe across reported intersections. The mineralisation remains open northeast and southwest, but further drilling, metallurgy and approvals are still required before any resource can be defined.

EQ Resources has reported its second-highest quarterly production performance and record quarterly revenue, with cash on hand rising 192% to A$82.3 million. Both Barruecopardo and Mt Carbine increased output, although the update does not disclose operating costs or cash flow.

Power Minerals has extended high-grade rare earth oxide mineralisation 57 metres northwest at Brazil’s Morro do Ferro project, with drilling returning 119 metres at 4.94% TREO from surface. The result strengthens the exploration picture, but the deposit’s geometry, metallurgy and economic potential remain to be established.

D3 Energy has re-established gas flow at its NGT245 E well in South Africa and confirmed a 5.2% helium composition in a new sample. Further remediation is still required before production testing, while the methane result is being retested.

KGL Resources has received the second US$16 million payment from Wheaton, completing the early deposit for its Jervois copper project. The company says the broader funding package, combined with its A$300 million equity raising, covers construction and the path into production, although the remaining Wheaton tranches are conditional.

Toubani Resources says construction of its Kobada Gold Project in Mali remains on schedule for first gold in Q3 2027, with CIL tank erection now underway and more than 70% of project costs committed. About US$50 million of the company’s US$160 million stream facility has been drawn as construction moves into a more intensive phase.

Cauldron Energy has completed a 10,506-metre Yanrey drilling campaign that extended mineralisation at Manyingee South and Manyingee North, including a link towards Paladin’s neighbouring Manyingee deposit. The ASX-listed uranium explorer now plans to fold the results into a JORC resource update expected within two months, while a visit from Uzbekistan’s Navoiyuran adds a separate potential development thread.

Midas Minerals has reported strong copper-silver assays from deeper infill drilling at its T-13 deposit in Namibia, including 10 metres at 11.55% copper equivalent. The mineralised zone remains open to the west as the company accelerates drilling ahead of a resource update targeted for early 2027.

49 Metals has started a fully funded 3,500-metre reverse-circulation drilling program at its Gold Mountain project in Nevada, targeting extensions of the Adit Zone discovery. The first assays are expected in roughly four to six weeks, making the next phase a test of whether the broad mineralised system can translate into greater continuity and scale.

An independent transport study has found Alurion Resources’ Amargosa bauxite project can use established road routes for assessed haulage volumes up to 11.5 wet million tonnes a year, twice its Scoping Study base case. The result gives the project’s pre-feasibility study a firmer logistics foundation, although it does not establish a larger production target or guarantee port access.

AusQuest’s latest CSAMT survey has outlined an interpreted porphyry copper footprint at least 2.5km by 1km at Cangallo in southern Peru. The geophysics also points to untested targets at depth and two possible additional porphyry centres, although none has yet been confirmed by drilling.

White Cliff Minerals has reported a 76.5-metre copper-silver intercept at Danvers 1, including a 4-metre zone grading 11.19% copper. Three deeper holes also intersected visible copper sulphides, but their grades remain unconfirmed pending assays.