Latest Diamonds News

Tyranna Resources has completed a key drilling phase at its Namibe Lithium Project in Angola, intersecting visible spodumene and expanding its exploration footprint. The company also lodged its first license application as it pursues a broader strategy targeting demand-driven metals.

Traka Resources reports steady progress in its December 2024 quarter, focusing on exploration at Gorge Creek and Cranbrook while withdrawing from Mozambique projects to sharpen its strategic focus.

Orange Minerals NL reported encouraging geophysical survey results at its Lennon's Find project and secured five new exploration licenses at Mulga Rock, positioning the company for expanded exploration activities.

ASF Group Limited reported a $1.58 million cash balance for the December 2024 quarter, highlighting ongoing investments and a director retirement that could influence its strategic direction.

Aureka Limited has completed a transformative quarter with a $6 million recapitalisation, a strategic rebranding, and the launch of a major diamond drilling program targeting gold resources in Victoria. The company’s strengthened leadership and clean balance sheet set the stage for exploration success in 2025.

OzAurum Resources reports a dynamic quarter with fresh drilling targets at Mulgabbie, high-grade gold at Patricia, and promising niobium anomalies in Brazil, supported by a $1 million capital raise.

Sky Metals has reported strong progress at its Tallebung tin project, completing surface trenching and initiating bulk sampling to validate resource estimates and optimise metallurgical processes. A recent $6 million capital raise will fund expanded drilling and development studies, positioning the company for near-term growth.

Chilwa Minerals has completed a major drilling program at its Mposa deposit and launched a dual commodity strategy targeting both heavy mineral sands and rare earth elements, supported by a fresh $6 million capital raise.

Future Metals NL has identified a promising new mineralised zone at its Eileen Bore Prospect and continues to advance drilling at Target 2, all while implementing strategic cost reductions amid subdued PGM prices.

Odessa Minerals has completed key heritage and radiation surveys at its Lyndon Uranium Project and secured $1.1 million in new funding from prominent investors, positioning the company for a focused 2025 exploration campaign.

Western Mines Group has completed its Phase 3 drilling at the Mulga Tank Project, revealing extensive nickel sulphide mineralisation and securing a royalty extinguishment that enhances project value. The company also raised over $1.2 million to advance exploration.

Charger Metals NL reports significant progress in its lithium exploration projects at Lake Johnston and Bynoe, backed by Rio Tinto's funding and a recent $0.77 million capital raise. Upcoming assay results and drilling programs could shape the company’s growth trajectory.