Iron Bear Resources has completed a pre-feasibility study for its flagship magnetite project in Canada's Labrador Trough, reporting a 3.3Bt reserve at 29.1% Fe. The PFS indicates a post-tax unleveraged NPV8 of US$9 billion and an IRR of over 15%, with plans to publish an optimized version in November.
Power Metallic has reported high-grade extensional drill results from its Lion deposit, extending mineralization 25% deeper than the previous mineral resource estimate. Notably, hole PML-26-125 intersected 5.70 metres of 14.00% CuEq, including a high-grade 2.15m interval of 24.62% CuEq.
White Cliff Minerals has identified visual copper mineralisation, including semi-massive bornite, at its new Bornite Hills target within the Rae project in northern Canada. While official assays for the maiden drilling are expected in October, the target is supported by historical surface intercepts of 46.99% copper.
Valor Gold has identified several non-refractory gold exploration targets at the Courageous Lake project, specifically focusing on the Walsh Lake deposit. The company plans a 12,000m diamond drill program in early 2027 to upgrade the current 4.1 Mt inferred resource to measured and indicated categories.
Honey Badger Silver announced a positive Preliminary Economic Assessment (PEA) for its PC Silver Mine in the Northwest Territories, Canada, highlighting compelling economics with a 22-year mine life. The PEA shows strong after-tax NPV8% ranging from US$0.84 billion to US$2.27 billion and IRR from 29.3% to 54.8% across various price scenarios, with negative All-in Sustaining Costs due to significant by-product credits. The study is supported by an updated Mineral Resource Estimate, and the company plans to advance directly to a Feasibility Study by Q2 2027.
Arrow Exploration Corp. announced a significant mid-year 2026 reserves update, reporting substantial increases across all reserve categories. Proved Developed Producing (PDP) reserves rose by 62% to 2.9 MMboe, while Total Proved (1P) reserves increased by 110% to 11.4 MMboe. Proved plus Probable (2P) reserves grew by 82% to 21.4 MMboe, and Proved plus Probable plus Possible (3P) reserves increased by 71% to 34.4 MMboe, driven by the Icaco field discovery in Colombia and the acquisition of the Thorsby asset in Canada. The update also shows corresponding increases in before and after-tax Net Present Value discounted at 10% (NPV-10).
Selkirk Copper Mines is progressing its Phase 2 drilling at the Minto project, with 90% of the 50,000m program completed. Recent results are primarily infill, confirming geological models at Minto North and Area 118, though Copper Keel showed lower-than-expected grades. The company is using these results to inform a mine plan that currently incorporates 40-45% of the indicated resource, ahead of a PEA due in Q3 2026.
SAGA Metals Corp. announced new assay results from its maiden Mineral Resource Estimate drill program at the Trapper Zone within the Radar Critical Minerals Project in Labrador, Canada. Key intercepts include 470.0 m at 36.72% Fe2O3, 5.40% TiO2, and 0.245% V2O5 in hole R-0072, with sub-intervals showing even higher grades. These broad, high-grade results for critical minerals iron, titanium, and vanadium confirm significant continuity and are expected to support a robust maiden MRE.
IsoEnergy's summer drilling at the Hurricane South Trend returned its strongest radioactivity to date, with several intercepts extending beyond the existing resource footprint. While the radiometric results are highly encouraging, chemical assays are still pending from SRC Geoanalytical Laboratories to confirm actual uranium grades.
