Latest Resource Estimates News

West Cobar Metals has completed the acquisition of the Mystique Gold Project in Western Australia and reported a maiden inferred mineral resource at its Bulla Park copper-antimony deposit in New South Wales, while drilling assays from its Fraser Range copper-gold targets are pending.

Quantum Graphite Limited has made significant strides in developing its Eyre Peninsula Graphite Hub, progressing detailed planning with government stakeholders and attracting new financiers for its Uley 2 project. Exploration and purification testwork updates promise to refine its resource and product quality outlook.

Besra Gold has appointed a new, experienced Board and advanced drilling and metallurgical trials at its Jugan deposit, while awaiting a critical mining lease renewal.

Chilwa Minerals has significantly boosted its Mineral Resource Estimate by 85% to 110 million tonnes, with a majority now in the Indicated category, underpinning ongoing feasibility studies and rare earth exploration in Malawi.

American West Metals reports promising drilling results at its Storm Copper Project and advances critical minerals exploration in Utah, backed by strategic funding and offtake agreements.

Northern Star Resources has declined to exercise its option to acquire Kalamazoo’s Ashburton Gold Project, leaving Kalamazoo to advance development plans amid record Australian gold prices. The company has initiated a Scoping Study and secured $2 million in fresh capital to support its next phase.

Scorpion Minerals has completed initial drilling at its Pharos Gold Project with assays expected soon, while expanding its Murchison footprint through a strategic JV. The company also explores options to unlock value from its Mt Mulcahy copper asset.

Hawthorn Resources is progressing its Anglo Saxon gold project with an approved drilling program and advancing mining lease applications at Mt Bevan, while maintaining a strong cash position.

Athena Resources has completed a successful drilling campaign at its Byro South magnetite project, resolving key tenement disputes and strengthening its alliance with Fenix Resources. The company is advancing metallurgical test work to enhance ore quality.

Magmatic Resources has secured the Weebo Gold Project in Western Australia and reported encouraging copper-gold drill results at its Myall Project, maintaining a robust cash position of $4.7 million.

Metal Bank Limited reports significant resource upgrades at its Livingstone Gold Project and new graphite assay results at Millennium, while advancing copper exploration in the Middle East.

Marquee Resources has progressed its Mt Clement antimony-gold project with Phase 1 drilling completed and assay results pending, alongside a $596,000 capital raise and a key executive appointment.