Latest Scoping Studies News

Strickland Metals has lifted its Rogozna resource to 9.25 million ounces of gold equivalent, but the exploration company also reported a A$10.39 million FY2026 loss. The cash balance rose sharply after a A$55.11 million placement as the company prepares for studies, permitting and a leadership transition.

Charger Metals has reduced its FY2026 loss and secured $3.75 million from the sale of Bynoe, giving the lithium explorer more room to advance its Lake Johnston assets. The company’s Medcalf resource now stands at 10.6Mt, although further drilling and funding will be needed to test its economic potential.

American Rare Earths has expanded the proposed Cowboy State Mine in Wyoming to a 4.5 million tonne per year operation with a 26-year mine plan and an estimated after-tax NPV of US$1.07 billion. The stronger study case comes with higher capital, lower recoveries and no Ore Reserves, leaving metallurgy, permitting and funding as the next tests.

Brazilian Rare Earths has identified a new high-grade rare earth system at Sulista South, with mineralisation traced across about 500 metres and grades reaching 13.3% TREO. Step-out and infill drilling at Sulista East has also extended the known footprint and strengthened the case for a larger year-end resource estimate.

Delta Lithium has outlined Q4 reconnaissance drilling across six Yinnetharra targets, including two gold anomalies supported by high-grade rock-chip and historic drill results. At Mt Ida, new lithium, tantalum and rubidium intersections are feeding a resource update while a 1-tonne metallurgical program moves ahead.

Osmond Resources has outlined a 60.0 million tonne maiden JORC resource at its Orión critical minerals project in Spain, but most of the inventory remains Inferred and unproven economically. The company will resume drilling in October, with an updated estimate targeted for the first quarter of 2027.

Cadoux says resampling of 21 historical Danube drill holes has extended rare earth-zircon mineralisation up to 1.4 kilometres north of its June Exploration Target and opened a southern target area. The results move the project towards planned infill drilling, a maiden Mineral Resource and a Scoping Study, but key mineralogy and access hurdles remain.

Ark Mines has reported a FY2026 profit after receiving Queensland-backed funding, while its Sandy Mitchell rare earths resource expanded to 379.4 million tonnes after year end. The project now has development approvals and commercial-grade testwork behind it, but no Ore Reserve or mining decision yet.

Atomic Eagle has begun a technical review aimed at determining whether its 60%-owned Madaouela uranium project in Niger can support a materially larger development than outlined in the 2022 feasibility study. The company is targeting a JORC-compliant resource in Q4 2026 and a scoping study in Q1 2027.

Black Canyon has established a maiden 23.6Mt manganese resource at Wandanya in Western Australia, alongside 12.5Mt of iron mineralisation. The high-confidence estimate includes potential direct-shipping material, while a scoping study is targeted for completion in December.

GWR Group has swung to a $26.84 million FY2026 loss after impairing Gold Valley receivables and booking a $10.19 million rehabilitation provision linked to Wiluna West. The company still holds $37.13 million in cash, but its accounts warn of material uncertainty after a $19.85 million capital distribution to shareholders.

Latitude 66 returned to a A$1.71 million FY2026 profit as asset sales funded a larger gold resource base and major KSB milestones. But the auditor flagged material uncertainty over the explorer’s ability to continue without further funding.