Latest Gold Exploration And Development News

Barton Gold Holdings has moved closer to acquiring the 279,000-ounce Wudinna Gold Project from Cobra Resources, with significant shareholder backing ahead of the July 24 vote. This acquisition aligns with Barton's strategy to leverage its South Australian assets and scale production.

Rox Resources reports ahead-of-schedule dewatering and compelling high-grade drilling results at Youanmi, alongside strong interest in project debt financing, signaling a clear path toward production.

Black Cat Syndicate reports robust progress in reverse circulation drilling at Fingals, delivering high-grade gold intercepts that underpin imminent mine development at Kal East.

BMG Resources has signed a key Memorandum of Understanding to process ore from its Abercromby Gold Project at the nearby Matilda Processing Plant, marking a pivotal step toward production. This agreement supports BMG’s transition from developer to gold producer amid a strong gold price environment.

Marvel Gold Limited has extended the completion date for the sale of its Mali gold projects to August 2025 due to ongoing regulatory delays, signaling cautious navigation of complex local approvals.

Santana Minerals’ subsidiary has agreed to acquire Ardgour Station land for NZ$25 million, a move that clears the way for critical infrastructure at the Bendigo-Ophir Gold Project and removes a costly royalty burden.

Barton Gold Holdings has entered binding terms to acquire the Wudinna Gold Project in South Australia, adding 279,000 ounces of gold resources to its portfolio. The $15 million transaction, largely settled in shares and milestone payments, awaits Cobra Resources shareholder approval.

Brightstar Resources and Aurumin Limited have entered live merger discussions to consolidate their Central Sandstone tenements, aiming to create a major gold development project with a combined resource of approximately 2.4 million ounces. The proposed deal offers Aurumin shareholders a premium and could accelerate development and infrastructure plans in Western Australia’s Goldfields.

Gateway Mining Limited has agreed to acquire Strickland Metals’ Yandal Gold Project for $45 million in shares, adding a 400,400-ounce inferred gold resource to its portfolio. The deal, pending shareholder approvals, sets the stage for accelerated exploration and development in Western Australia’s prolific goldfields.

Rox Resources has completed its two-tranche placement, raising a total of $40 million to advance its Youanmi Gold Project development. The final tranche involved issuing 13.5 million shares to key institutional investors.

Redcastle Resources has significantly boosted its gold Mineral Resource Estimates to 42,000 ounces across its Queen Alexandra and Redcastle Reef deposits, marking a 280% increase from its maiden resource. The company is advancing towards near-term production with a strategic partnership and ongoing scoping study.

Matsa Resources has confirmed the unconditional status of its A$113 million option agreement with AngloGold Ashanti for the Lake Carey Gold Project, triggered by rising gold prices and strategic payments.