Latest Development Activity News

Western Yilgarn NL has reported a maiden discovery of high-grade gallium-tellurium mineralisation at its Ida Holmes Junction Project, alongside confirmation of extensive cobalt-nickel-copper-lead-scandium mineralisation continuity. The company also updated its substantial bauxite resource base in its March 2026 quarterly report.

Geopacific Resources has advanced its Woodlark Gold Project with the Definitive Feasibility Study close to finalisation, underpinned by a $40 million equity raise and promising exploration drilling results. The company is positioning for a development decision in 2026 amid key permit approvals and strategic partnerships.

Mandrake Resources has identified overlapping placer claims staked by Utah Brine Corporation, linked to Neometals Ltd, on its Utah Lithium Project tenure. Legal demands have been issued to resolve the dispute, which affects a small portion of Mandrake’s 3.3Mt LCE resource.

Skin Elements has inked a binding deal to acquire the Mount Ida Gold Project in Western Australia, aiming to boost its gold assets through a planned capital raise. The move signals a pivot towards mining growth alongside its existing biotech ventures.

Great Boulder Resources accelerated drilling at its Side Well Gold Project, delivering a jaw-dropping 1.93m intercept grading 574g/t gold, including an extraordinary 0.25m at 4,434g/t, while maintaining a solid $12 million cash position.

Hillgrove Resources (ASX:HGO) marked its first full year of underground copper production at Kanmantoo with 11,315 tonnes produced, returning to profitability and significantly boosting its Mineral Resources and Ore Reserves. The company is advancing growth projects and sustainability initiatives to underpin a production ramp-up in 2026.

Macallum New Energy has successfully listed on the ASX and raised A$7.4 million to fund exploration in the Northern Perth Basin. The company is progressing a 66% complete Barberton 3D seismic survey and preparing a Condor 2D survey, positioning itself amid renewed regional drilling activity.

Fortescue Ltd has greenlit a US$680 million expansion of its Pilbara renewable energy infrastructure, aiming to deliver 200MW of additional capacity by 2028 to meet rising industrial and data centre demand while advancing its Real Zero by 2030 emissions target.

Medallion Metals is advancing plans to refurbish the Cosmic Boy Concentrator at Forrestania, aiming to accelerate gold production and generate near-term cashflow before its Ravensthorpe ore processing begins.

Elementos Limited has made significant strides in developing its tin and tungsten assets, with progress on Oropesa’s permitting and a major resource upgrade at Cleveland. A $29.5 million strategic placement bolsters its balance sheet for upcoming milestones.

AXP Energy's Charlie #1 well in Oklahoma has reached an initial production rate of 45 barrels of oil equivalent per day, with first oil sales completed, marking a key transition to revenue generation.

Dreadnought Resources has obtained regulatory approval for open pit mining at its Star of Mangaroon gold project in Western Australia, advancing its strategy to become a self-funded explorer by outsourcing development and processing.