Latest Resource Upgrade News

Patronus Resources (ASX – PTN) reveals a robust financial position with $78 million in cash and investments alongside a 2.3 million ounce gold equivalent resource base, underpinning a multi-commodity growth strategy across Western Australia and the Northern Territory.

WIN Metals Ltd has confirmed the technical and financial viability of its Butchers Creek Gold Project in Western Australia, outlining a 9-year mine plan with strong financial metrics and significant upside potential.

African Gold Limited has exercised its option to acquire an 80% interest in Kouroufaba Gold Limited, significantly expanding its exploration portfolio across 1,428 square kilometres in Côte d’Ivoire’s Birimian greenstone belts.

Sarytogan Graphite Limited has reported the last batch of assays from its Reserve definition drilling at the Sarytogan Deposit, confirming thick, high-grade graphite mineralisation that will underpin a resource upgrade and advance its Definitive Feasibility Study.

Dreadnought Resources has lodged a mining lease application for its high-grade Metzke’s Find gold deposit, marking a key step towards production within the Illaara Gold Project. Drilling to expand and upgrade the resource is set to begin imminently.

Flagship Minerals has achieved a critical milestone with the approval of the ENAPAC Ruta Este desalination pipeline, securing a sustainable water supply for its Pantanillo Gold Project in Chile’s Maricunga Gold Belt. This development significantly reduces a major operational risk as the company advances its resource upgrade and project studies.

Haranga Resources is making significant operational progress at its Lincoln Gold Project in California, moving closer to delivering a JORC-compliant resource estimate through underground drilling and infrastructure upgrades.

Horseshoe Metals has reported strong shallow copper mineralisation at its Motters Zone, boosting confidence in resource upgrades and paving the way for imminent Direct Shipping Ore operations.

Aldoro Resources has secured funding and acquired a state-of-the-art drilling rig to expand its Phase II drilling program at the Kameelburg REE-Niobium Project in Namibia, aiming to enhance resource definition and metallurgical testing.

Manuka Resources is set to kick off a significant gold exploration drilling campaign in the Cobar Basin this December, targeting deep extensions at Mt Boppy and shallow deposits at Pipeline Ridge. The results, expected early next year, could reshape the company’s production outlook.

Tivan Limited has confirmed ultra high-grade fluorite mineralisation at its newly acquired Molyhil Project, with assays reaching up to 85.9% CaF2. This discovery complements imminent drilling activities at the adjacent Sandover Fluorite Project, positioning Tivan for a significant expansion in its critical minerals portfolio.

Metals Australia has launched a 12-hole drilling campaign to delineate and extend its promising Vanadium-Titanium-Magnetite discovery in Western Australia, aiming to unlock further value from this critical minerals project.