Latest Gold Exploration And Development News

Forrestania Resources has completed an $18 million placement tranche and upscaled its oversubscribed Share Purchase Plan to $5 million, securing $23 million to advance its gold production strategy in Western Australia.

Magnetic Resources NL has updated its Mineral Resource Estimate for the Lady Julie Gold Project, now exceeding 2.24 million ounces of gold with a strong majority classified as Indicated. The LJN4 deposit alone tops 2 million ounces, positioning the project for imminent development.

Forrestania Resources has agreed to acquire key gold tenements from Gibraltar, consolidating its Coolgardie Hub footprint with a $2.5 million share deal plus contingent payments tied to resource discoveries.

MetalsTech Limited has successfully raised approximately $9.4 million through a share placement, alongside a $2 million debt conversion, to fast-track its Sturec Gold Project in Slovakia.

Kalamazoo Resources has launched the Pre-Feasibility Study for its Mt Olympus gold project amid a fresh drilling campaign, while CEO Luke Mortimer announces his departure to take a senior overseas role.

Wia Gold has appointed mining veteran Henk Diederichs as Managing Director and CEO, signaling a strategic shift as the Kokoseb Gold Project in Namibia moves toward a Definitive Feasibility Study.

Rox Resources has ramped up underground mining and advanced processing plant development at its Youanmi Gold Project, signalling a strong push towards production in 2026. Key infrastructure expansions and strategic hires underpin the company’s growth ambitions.

High-Tech Metals is targeting a Wagtail-scale gold discovery at the untested Bullock prospect while fast-tracking financial studies to bring Wagtail and Damsel deposits closer to production.

Astral Resources has reported significant progress in its Mandilla Gold Project, underpinned by robust drilling outcomes and a $65 million capital raise to fund development. The company is on track for a Final Investment Decision in September 2026, aiming for first gold production by the end of 2027.

Ballard Mining has resumed drilling at its Mt Ida Gold Project, aiming to expand its resource base and advance development milestones throughout 2026. The company targets a significant increase in gold resources while progressing towards a maiden ore reserve.

Lunnon Metals reports standout drilling results at Lady Herial, revealing thick, high-grade gold mineralisation beyond current open pit plans and setting the stage for expanded mining activity.

Forrestania Resources is set to expand its Lake Johnston gold operations through the acquisition of Mantis Resources, adding key exploration licences and reinforcing its foothold in Western Australia's prolific gold belt.