Latest Resource Expansion News

Tesoro Gold has reported significant new gold mineralisation outside the current Ternera deposit boundary at its El Zorro project in Chile, reinforcing prospects for resource expansion. Ongoing drilling continues to delineate promising zones that could boost the upcoming Mineral Resource Estimate.

Meeka Metals reports strong drilling results at Turnberry Central, extending the Stage 1 oxide open pit by up to 200 metres south and suggesting a significant boost to gold reserves and production plans.

Critica Limited has initiated bulk metallurgical testwork on a 400 kg sample from its Jupiter Deposit, aiming to refine rare earth element beneficiation and explore by-product opportunities. The project holds over 280,000 tonnes of heavy rare earth elements and faces new geopolitical dynamics following China’s export restrictions.

Warriedar Resources has raised A$17 million through a placement to fast-track drilling and development at its Ricciardo deposit, home to Australia’s largest open-pit antimony resource and over 1 million ounces of gold. A Share Purchase Plan will follow, targeting an additional A$2 million.

Andean Silver Limited has expanded its Cerro Bayo project in Chile with the discovery of a new 1.2km mineralised vein system, featuring exceptionally high-grade silver and gold assays. This breakthrough significantly extends the known Droughtmaster Corridor and sets the stage for upcoming drilling results.

New Frontier Minerals accelerates its NWQ Copper Project development by sending bulk samples to Austral Resources’ Mt Kelly plant, formalizing a key processing partnership that could fast-track copper output.

Xanadu Mines Limited has received a conditional off-market takeover offer from Bastion Mining Pte Ltd at A$0.08 per share, representing a significant premium. The company’s independent Takeover Committee unanimously recommends acceptance, supported by an independent expert’s fair and reasonable valuation.

American West Metals has successfully raised A$5.9 million as part of a broader A$14.4 million funding package to advance its Storm Copper Project in Canada, aiming to fast-track exploration and development activities.

Godolphin Resources has revealed promising high-grade gold and copper assays from two new prospects outside its established Lewis Ponds resource, signaling significant potential for resource expansion.

New Age Exploration has revealed multiple high-grade gold intercepts from its maiden drilling at the Wagyu Gold Project in Western Australia, confirming a broad and open supergene mineralisation system.

Medallion Metals has reported outstanding drilling results from its Kundip Mining Centre, reinforcing confidence in its resource base and growth potential. The company is also advancing exclusive talks to acquire the Forrestania Nickel Operation, a key step in its sulphide development strategy.

McLaren Minerals has completed its Phase 1 drilling program at the McLaren Titanium Project, revealing significant extensions to its mineral sands resource and setting the stage for future growth.