Latest Development Activity News

Heavy Rare Earths Limited (ASX:HRE) advanced its uranium exploration footprint in South Australia with a key asset acquisition and bolstered its balance sheet through a $2.46 million capital raise during the December 2024 quarter.

MinRex Resources reports encouraging rock chip sampling results from its Sunny Corner Au-Ag project, alongside strategic plans for expanded exploration activities. The company maintains a strong cash position of $9.46 million, underpinning its ongoing development efforts.

Argent Minerals reports robust drilling outcomes at Kempfield NW, Sugarloaf Hill, and Golden Wattle, confirming significant silver, gold, and base metal mineralisation. The company maintains a strong cash position to support ongoing exploration.

Rumble Resources has unveiled a significant resource upgrade at its Western Queen Project alongside a strategic joint venture to fast-track gold production, while advancing metallurgical progress at its Earaheedy zinc project.

Anson Resources secured key approvals to expand drilling at its Utah lithium projects, reported a maiden resource at its Western Australia base metals deposit, and raised $2.3 million in an oversubscribed share purchase plan.

Coda Minerals is set to launch a high-impact drilling campaign at its Emmie East prospect in February 2025, aiming to significantly expand the Emmie Bluff copper-cobalt-silver resource. Early results are expected within weeks, potentially reshaping the company’s resource base.

Blue Star Helium has secured strategic helium and oil and gas assets in Colorado, partnered with Helium One to fund drilling, and raised A$3 million, positioning itself for production growth in 2025.

Latitude66 has made significant strides in its flagship KSB Project in Finland, initiating a scoping study and reporting promising exploration results, while also completing the sale of its non-core Australian Sylvania Project.

Mineral Resources Limited reports steady progress in Q2 FY25, maintaining full-year guidance while advancing Onslow Iron towards full capacity and securing significant liquidity through strategic asset sales.

Spartan Resources has launched an ambitious 85,000-metre drilling program at its Dalgaranga Gold Project, aiming to expand and upgrade its high-grade gold resources. Early results from late 2024 drilling show promising extensions beyond current estimates.

Cyclone Metals has forged a strategic partnership with Vale S.A. to fund and develop its Iron Bear iron ore project in Canada, marking a major step towards mining decision. The company also completed pilot production of high-grade direct reduction pellets, underscoring the project's technical promise.

Australian Mines Limited reports a substantial increase in scandium mineral resources at its Flemington project and progresses its maiden drilling programs in Brazil, positioning itself for growth amid challenging nickel and cobalt markets.