Latest Resource Upgrades News

Falcon Metals has reported a spectacular 1.2-meter intercept grading 543 grams per tonne gold at its Blue Moon project, marking a significant milestone in its exploration of the northern Bendigo Goldfield extension. The company’s aggressive drilling campaign and robust financial position set the stage for further discoveries in this historically rich gold province.

Falcon Metals has raised A$20 million through a strongly supported placement to fund extensive diamond drilling at its Blue Moon gold prospect near Bendigo. The capital injection underscores institutional confidence in the company’s exploration strategy and high-grade gold potential.

Patriot Battery Metals has reported a significant mineral resource upgrade at its Shaakichiuwaanaan Property, reaffirming its position as a leading lithium and caesium explorer. The company also progressed its lithium-only feasibility study and environmental assessments while maintaining a strong financial position.

Advance Metals Limited has reported strong assay results from its maiden diamond drilling program at the Yoquivo Silver-Gold Project in Mexico, revealing high-grade silver-gold mineralisation extending 60-70 metres deeper in the Pertenencia Vein. These findings pave the way for potential resource upgrades.

Gorilla Gold reports compelling high-grade gold assay results from its Comet Vale Project, extending mineralisation at Lakeview and Cheer prospects. The company is ramping up drilling activity with five rigs to support a significant resource upgrade planned for late 2025.

Catalyst Metals reports significant drilling intercepts outside the current Trident Gold Project resource, hinting at further resource growth and supporting its ambition to double reserves on the Plutonic Gold Belt.

Paterson Resources has raised A$2 million through a discounted placement and entitlement offer, fully funding an 8,500m drilling program and key project studies at its Grace Project.

Rapid Critical Metals has secured a major exploration licence in New South Wales, expanding its landholding 26-fold and strengthening its position in a prolific silver district. This move connects its Webbs Silver Project with Lode Resources’ assets, setting the stage for new discoveries.

Nagambie Resources has completed a $1.2 million capital raise to fund diamond drilling at its Nagambie Mine, targeting a recent high-grade gold-antimony discovery and updating its mineral resource estimate.

Godolphin Resources has announced a substantial upgrade to its Lewis Ponds mineral resource, boosting contained gold to 470,000 ounces and silver to 21 million ounces, marking a significant step towards project development.

Victory Metals Ltd has announced a substantial upgrade to its North Stanmore Heavy Rare Earth Element Project, increasing the mineral resource by nearly 30% and revealing some of the highest heavy rare earth element ratios recorded in Australia.

Forrestania Resources has signed a binding option agreement to acquire 100% of Hyden Project Holdings, adding nearly 300,000 ounces of gold resources in Western Australia to its portfolio. The move aligns with its strategy to expand in the Forrestania gold region, with a major drilling program planned.