Volta Metals Doubles Springer Indicated Resource to 122.4 Mt, Adds First Gallium Estimate
Volta Metals Ltd. (CSE:VLTA) announced an updated mineral resource estimate for its Springer deposit, more than doubling its indicated resource to 122.4 million tonnes. The deposit contains 0.59% total rare earth oxides and 0.13% magnet rare earth oxides, placing the project among the five largest North American rare earth deposits by tonnage.
The revised estimate increases the project size by 116% compared to 2025 and features an average modeled value of C$223 per tonne under pit-constrained calculations. In addition, the update introduces an initial gallium estimate averaging 36 grams per tonne across the deposit, including a high-grade zone of 14.8 million tonnes at 56 grams per tonne. Gallium currently carries no assigned economic value until further testing determines recovery rates and commercial payability.
Despite the expanded resource, shares of the company declined 8.77% to 0.26 CAD. Investors will be monitoring upcoming metallurgical testing to verify gallium recovery alongside a preliminary economic assessment planned for the first half of 2027.
Key points
- Volta Metals doubled its indicated mineral resource at Springer to 122.4 million tonnes grading 0.59% total rare earth oxides.
- The update ranks Springer among the top five largest North American rare earth deposits by tonnage.
- An initial supplementary gallium estimate averaged 36 grams per tonne, with a high-grade zone of 14.8 million tonnes at 56 grams per tonne.
- Gallium is currently excluded from economic modeling pending metallurgical recovery and payability studies.
- A preliminary economic assessment for the Springer project is expected in the first half of 2027.
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What is the new resource estimate for Volta Metals at Springer?
Volta Metals reported an indicated resource of 122.4 million tonnes at 0.59% total rare earth oxides and 0.13% magnet rare earth oxides, representing a 116% increase over 2025.
Does Volta Metals include gallium in its Springer economic model?
No, gallium is currently excluded from project economics pending metallurgical tests to establish recovery rates and payability data.
When will Volta Metals release its preliminary economic assessment?
Volta Metals expects to release a preliminary economic assessment for the Springer project in the first half of 2027.