Latest Gold Exploration And Development News

Ariana Resources has secured approval for a Victoria Falls Stock Exchange listing and will seek up to US$5 million to fund exploration and development at its 1.6Moz Dokwe Gold Project. Zimbabwean investment manager Dendere Asset Management will anchor the raise with a US$1 million commitment.

Waratah Minerals is reshaping its leadership team after establishing a 3.1Moz maiden resource at the Spur Gold Project. The company is retaining its exploration chief while adding executive, financial and governance capacity for a more demanding resource-growth phase.

OzAurum Resources has added a maiden 34,000-ounce resource at Cross Fault, lifting the Mulgabbie North inventory to approximately 294,000 ounces. The deposit will enter a heap leach scoping study, but metallurgy, mining assumptions and funding remain important tests.

Lefroy Exploration is folding Burns Central into its Mt Martin Scoping Study, bringing two gold deposits into a single assessment of shared processing, infrastructure and development sequencing. The study is nearing completion, but Lucky Strike’s potential restart remains dependent on approvals and dewatering works.

GBM Resources has returned a broad 50-metre gold intersection outside the current Lone Sister resource at Twin Hills, strengthening the case for resource growth. The updated mineral resource estimate is on track for completion by the end of November, when the company expects to consider whether to advance the project to feasibility studies.

Dundas Minerals has signed a 24-month ore purchase agreement with Forrestania Resources that could provide access to existing gold processing facilities for Rockland. The agreement is commercially significant, but it does not yet establish a mine, resource or production target.

WIN Metals has expanded its Butchers Creek gold project by 62% to 343 square kilometres through two tenure deals costing $115,000 upfront. The acquisition could simplify the planned tailings footprint while adding exploration ground around historical workings, but one deal remains an option and the IGO transaction still needs third-party consent.

Javelin Minerals’ board has unanimously urged shareholders to accept First Au’s all-scrip takeover, even as an independent expert concluded the offer is not fair but reasonable. The proposal values each Javelin share at 10.29 cents based on FirstAU’s latest stated price, with funding risks and a key shareholder vote still ahead.

Rokeby Resources has completed its maiden Sunnyside drilling program and reported high-grade gold intercepts alongside an 11,337-ounce Inferred resource at Powers Gully. The exploration progress comes with just A$156,000 in cash, forcing a review of costs and funding options.

GoldArc Resources has cleared a key regulatory hurdle for Mt Stirling, completed grade control drilling at Mt Stirling Well and continued to find high-grade gold across its Leonora projects. The company ended September with A$2.831 million in cash and A$2.5 million of unused funding facilities, but a mining start date remains unsettled.

WA Gold has reported high-grade intercepts from Abercromby, including a narrow peak of 35.21 grams per tonne gold, while launching a 7,200-metre RC campaign aimed at upgrading the project’s resource. Bullabulling has also produced a larger pipeline of exploration targets, but the company had $2.5 million in cash at quarter-end and reported 3.47 quarters of funding at its latest spending rate.

Gorilla Gold has extended high-grade mineralisation at Sovereign, Lakeview and Vivien, with Mineral Resource updates planned across its Western Australian projects by year-end. The exploration momentum comes with A$9.5 million in cash and less than one quarter of funding at the reported spending rate, leaving additional financing under consideration.