Latest Resource Definition News

Nickel Industries reveals a substantial Exploration Target of 350 to 700 million dry metric tonnes at 0.9% to 1.1% nickel for its Sampala Project, complementing an existing 187 million dmt resource. The company has initiated mine development and haul road construction, positioning itself for a secure nickel supply chain.

Predictive Discovery Limited has reported significant progress at its Bankan Gold Project in Guinea, highlighted by strong high-grade drilling results and the crucial environmental compliance certification that paves the way for mining licence application.

Estrella Resources has reported significant manganese discoveries in Timor-Leste, highlighted by exceptional rock chip assays and promising geophysical survey results. The company is advancing towards its first drilling campaign, backed by recent capital raising.

Mineral Resources Limited reports steady progress in Q2 FY25, maintaining full-year guidance while advancing Onslow Iron towards full capacity and securing significant liquidity through strategic asset sales.

Encounter Resources has reported significant drilling progress at its Aileron Niobium-REE-Copper Project, completing over 50,000 metres in 2024 and uncovering extensive high-grade niobium mineralisation. The company also strengthened its balance sheet with a $15 million share placement, positioning itself for accelerated resource development.

Legacy Iron Ore Limited reports robust progress in its December 2024 quarter, highlighted by significant gold intersections at Mount Celia and advancing feasibility studies at Mount Bevan magnetite project.

Bannerman Energy reported a substantial $14.17 million cash outflow in its December quarter, driven by aggressive exploration and evaluation investments, leaving the company with $81.1 million in cash reserves.

Helix Resources has secured a $500,000 investment from Acta Investment Group, simplifying a proportional takeover and appointing Michael Povey as Executive Chair. Meanwhile, promising copper and gold exploration results from the Cobar region signal potential value creation for shareholders.

Labyrinth Resources has reported robust progress in its December 2024 quarter, highlighted by promising high-grade gold drilling results at Comet Vale, strategic acquisitions consolidating its portfolio, and a well-supported $19.5 million capital raise to fund expansion.

Truscott Mining Corporation is gearing up for an expanded drilling program at its Tennant Creek gold projects, leveraging a robust gold price environment and fresh capital to advance exploration and resource definition.

Australian Mines Limited reports a substantial increase in scandium mineral resources at its Flemington project and progresses its maiden drilling programs in Brazil, positioning itself for growth amid challenging nickel and cobalt markets.

Mont Royal Resources Limited reported a stable cash position of $1.75 million at the end of December 2024, despite significant outflows on exploration activities during the quarter.