Latest Australian Gold Projects News

Brightstar Resources has locked in a US$11.5 million revolving finance facility with Ocean Partners, bolstering working capital to fuel production expansion and exploration across its Western Australian gold projects in 2025.

Zenith Minerals reported a pivotal quarter advancing exploration at its Dulcie Far North and Red Mountain gold projects, while agreeing to divest its Turkish Kavaklitepe interest, sharpening its focus on domestic assets.

Brightstar Resources is accelerating development of its Sandstone Gold Project with a fully funded 80,000m drilling campaign and a Pre-Feasibility Study targeted for first half 2026. The company aims to establish a new long-life gold production hub in Western Australia, aspiring to produce over 200,000 ounces annually within five years.

Hamelin Gold Limited advances its Western Australia gold exploration with co-funded drilling programs at Fremlins South and Jazz prospects, while completing a significant $2.8 million capital raise to fuel further activity.

Codrus Minerals advances its diversified exploration portfolio with permitting progress at Bull Run and promising uranium geochemical results at Jasper Wedge, while managing costs amid challenging gold markets.

Metal Bank Limited has reported a substantial 73% increase in its Livingstone Gold Resource in Western Australia, while progressing exploration and development initiatives across Australia, Jordan, and Saudi Arabia, supported by a $275k Queensland government grant for graphite.

Golden Horse Minerals has reported promising high-grade gold intercepts from its maiden drilling campaign at the Hakes Find project in Southern Cross, validating historic data and setting the stage for expanded exploration.

Aureka Limited has initiated a new diamond drilling campaign at its Tandarra Gold Project JV while continuing strong progress at the Irvine Gold Project, aiming to expand its gold mineralisation footprint in Victoria.

Sipa Resources is set to launch its first exploration programs on newly acquired gold projects in South Australia and Western Australia, while recent drilling at Skeleton Rocks reveals promising nickel-cobalt-chrome mineralisation.

GBM Resources reports robust progress in its Queensland and South Australian gold projects, highlighted by a $12 million farm-in deal at Twin Hills and positive cash flow from White Dam. Exploration strategies and corporate restructuring set the stage for a pivotal 2025.

PVW Resources has made significant progress in its Brazilian rare earths exploration at the Capão Bonito project, while also announcing the appointment of Lucas Stanfield as its new CEO. The company continues to focus on critical minerals and gold projects across multiple jurisdictions.

Southern Cross Gold Consolidated Ltd. reported a significantly reduced net loss of $2.41 million for Q2 2024, down from $43.69 million a year earlier, as it sharpens focus on its Australian gold projects following a major corporate restructuring.