Latest Development Activity News

Reach Resources has locked in a fully funded mining and milling agreement with Andel Resources at Murchison South, alongside a 30% increase in its Blue Heaven gold resource to 80,000 ounces at higher grade.

West Cobar Metals made progress on its Salazar scandium and Cobar West copper projects during the June quarter, while deciding not to proceed with its Baxter Fluorspar acquisition and securing $1.05 million in new funding.

MetalsGrove Mining has advanced exploration at its Central West Gold Project, upgrading key drill targets and initiating a major auger drilling campaign following extensive soil sampling and mapping.

Tanami Gold has secured $70.5 million through a fully underwritten rights issue to fund its Central Tanami Project development, including a major underground decline and resumed drilling at Jims Gold Mine.

Latitude 66 has locked in critical exploration permits for its high-grade KSB Project in Finland, enabling an accelerated development phase including drilling and advanced studies.

Duketon Mining has delivered promising results from its maiden 6,000m drill program at Barlee, secured the Killarney Gold Project, and reported a combined nickel resource exceeding 102,000 tonnes across Rosie and C2 deposits.

NewPeak Metals has completed the initial phase of its capital raising, issuing nearly 50 million shares for $0.64 million. A shareholder meeting is scheduled for August to approve a further $2.86 million conditional placement.

Norwest Minerals has revised its Bulgera Gold Project resource to 191,000 ounces with 76% in the Indicated category and reported strong metallurgical recoveries supporting heap leach development. The company launched a partly underwritten $1.89 million entitlement offer to fund ongoing studies.

Strata Minerals has broadened its Zelica Gold Project in Western Australia by acquiring two new tenements and launching a high-resolution aeromagnetic survey to sharpen drill targets and uncover new exploration opportunities.

Argent Minerals has bolstered confidence in its Kempfield silver-polymetallic project with deep diamond drilling results and appointed mining veteran Mike McKevitt as CEO to steer development efforts.

Carnegie Clean Energy has secured $2.5 million through a share placement, attracting new overseas investors to fund expansion of its CETO wave energy technology at BiMEP in Spain and commercial activities in Europe and the US.

Macallum New Energy completed key 3D and 2D seismic surveys in Western Australia’s Perth Basin, setting the stage for prospect maturation and potential drilling in 2027 while maintaining a strong cash position.