Latest Development Activity News

Enova Mining has engaged renowned Brazilian rare earth specialist Alexandre da Rocha to accelerate development of its East Salinas ionic adsorption clay project, following promising high-grade drilling results.

Albright Metals has secured 4 million shares in Star Minerals following the start of mining at Tumblegum South, unlocking $212,000 in liquid assets to support its Canadian gold and antimony projects.

Tanami Gold has launched a fully underwritten $70.5 million renounceable rights issue priced at 6 cents per share, aiming to finance its 50% stake in the Central Tanami Project. The offer is open to eligible shareholders across select jurisdictions and runs until 27 May 2026.

Ariana Resources has monetised part of its Zenit holding for US$19.5 million cash, retaining a 9.9% stake and boosting its war chest to advance the Dokwe Gold Project feasibility study in Zimbabwe.

Sky Metals has reported a series of broad, shallow, high-grade tin-tungsten-silver intercepts from infill drilling at its Tallebung Project in NSW, reinforcing open-pit mining potential and underpinning an updated Mineral Resource Estimate and Pre-Feasibility Study due this quarter.

Encounter Resources has achieved strong metallurgical recoveries of 51-53% niobium and up to 57% Nb2O5 concentrate grade from the Green deposit at its Aileron Project, validating conventional processing methods and supporting multi-decade mining potential.

Haranga Resources has wrapped up its underground drilling at the Lincoln Gold Project, delivering standout high-grade assays and setting the stage for a maiden JORC Mineral Resource Estimate next week.

Ballymore Resources has restarted a 3,000-metre drilling program at its Torpy’s silver-lead-zinc-indium discovery in north Queensland, following a wet season pause. Early drilling results confirm multiple high-grade mineralised shoots and broad shallow zones, pointing to a potentially large mineralised system.

Black Canyon's latest beneficiation trials at Wandanya have consistently upgraded manganese feeds to 40-45% Mn grades with strong recoveries, while iron ore tests show a premium lump product. Ongoing drilling and larger scale testwork aim to refine project economics.

Finder Energy (ASX:FDR) is advancing its KTJ Project in Timor-Leste, aiming for a final investment decision by mid-2026 and first oil production by late 2027. Ownership of the Petrojarl I FPSO and strategic alliances underpin a fast-tracked development with forecast production of up to 30,000 barrels per day.

Industrial Minerals Ltd (ASX: IND) is set to acquire the Laverton Gold Portfolio, a drill-ready 205km² package in a prolific WA gold district, backed by a $3 million capital raise and board changes aimed at accelerating exploration.

Elevra Lithium has raised A$275 million through a fully underwritten institutional placement to fund its North American Lithium expansion and Moblan project development, supported by strong institutional demand.