Latest Resource Estimates News

Legacy Minerals reports a robust Stage 1 Scoping Study for its Drake Project, confirming strong economics and production potential, while inaugural drilling at the Thomson Project and a $7.75 million capital raise set the stage for accelerated exploration.

Carnaby Resources reports promising assay results from its Trekelano drilling program and maintains a robust cash balance as it advances the Greater Duchess Copper Gold Project towards a Q3 2025 Pre-Feasibility Study completion.

Vital Metals’ latest Scoping Study for its Tardiff deposit in Canada reveals strong economic potential, underpinning an 11-year mine life with significant rare earth and niobium production. The company plans to advance to a Prefeasibility Study by the end of 2026, aiming to optimize recoveries and expand resources.

Odyssey Gold Limited has advanced its Tuckanarra Gold Project with a new mill access agreement, ongoing drilling, and a $4 million capital raise, positioning the company for a potential resource upgrade.

Terra Metals has raised $4 million from strategic investors to fund further exploration at its Dante Project, where recent drilling confirms high-grade mineralisation and supports a forthcoming maiden resource estimate.

Unico Silver’s June quarter report highlights significant drilling successes at its Joaquin and Cerro Leon projects, advancing its transition from explorer to developer with promising resource expansions.

Rimfire Pacific Mining confirms Currajong as a standout scandium prospect with strong drill results and secures $3.5 million in fresh equity to advance exploration and working capital. The company also strikes a $700K option deal for its Cowal Copper Gold Project amid ongoing legal challenges.

Lakes Blue Energy has secured $6.5 million in new capital and is set to begin drilling the Wombat-5 gas well, targeting near-term supply to Victoria’s east coast market. Meanwhile, its Nangwarry carbon dioxide project moves forward with a fully funded feasibility study.

Torque Metals has confirmed an 8-metre extension of high-grade pyrrhotite-associated gold mineralisation at its Paris Gold Project, with a continuous zone now reaching approximately 52 metres. Down-hole electromagnetics suggest further mineralisation potential beyond current drilling.

Pantoro Gold has reported impressive high-grade drilling results at its OK Underground Mine, confirming mineralisation continuity and resource growth potential at depth within the Norseman Gold Project.

Patagonia Lithium has reported a remarkable 319% increase in its lithium resource at its Argentine project, alongside plans for further drilling and a $2.68 million capital raise to fund ongoing exploration.

Capricorn Metals reported a strong June quarter with Karlawinda gold production meeting FY25 guidance and announced it is now debt free and unhedged. Development at Mt Gibson and Karlawinda Expansion projects progresses, supported by record cash flow.