Latest Development Activity News

Elixir Energy has unveiled a strategic, fully funded plan to develop its extensive gas resources in Queensland’s Taroom Trough, aiming for initial production by late 2027. The company leverages its dominant acreage position alongside Shell’s operations and a fast-follower approach to unlock multi-TCF reserves.

Lunnon Metals’ Managing Director Edmund Ainscough is set to present the company’s latest exploration milestones, highlighting the promising Lady Herial gold discovery and robust nickel assets in Western Australia.

Tempest Minerals has announced a $1.47 million non-renounceable pro-rata entitlement offer to fund its gold and iron ore projects in Western Australia, offering new shares with free-attaching options to existing shareholders.

Hartshead Resources and joint venture partner RockRose Energy agree to a 28-day pause in procedural timelines for UK Southern Gas Basin Licence P2607, aiming to advance commercial discussions. The company remains committed to a constructive resolution while preserving its legal rights.

Nexus Minerals Limited has updated its exploration progress with significant gold resources at Wallbrook and Pinnacles projects, alongside promising new discoveries and ongoing drilling campaigns.

Tivan Limited has locked in a $5 million share placement and signed a non-binding term sheet for a $51.3 million equity investment to fund the Speewah Fluorite Project, marking a significant step in its development plans.

Pacgold Limited has announced a maiden mineral resource estimate of 474,000 ounces of gold at its Alice River project in Northern Queensland, alongside an aggressive 2025 exploration program targeting significant resource growth.

Magnum Mining & Exploration has completed its acquisition of Palmares Estudos Geologicos LTDA, securing a significant rare earths landholding in Brazil after an extended due diligence process.

Felix Gold Limited has successfully raised $17 million through a two-tranche placement, bolstering its cash reserves to advance exploration and development in Alaska’s prolific Fairbanks Gold District.

AVJennings reported a 25% rise in Q3 FY25 contract signings and a 26% increase in settlements, while progressing an acquisition scheme that could reshape its future.

Rox Resources has raised A$40 million through a strongly supported institutional placement to accelerate early development works at its high-grade Youanmi Gold Project, significantly de-risking the pathway to production.

Dreadnought Resources has wrapped up a comprehensive 2,724m drilling campaign across multiple targets at its 100% owned Mangaroon Gold Project, with assay results expected in May and June 2025. This program aims to bolster near-term production ounces and advance the company’s self-funded exploration strategy.