Latest Exploration And Development News

Brockman Mining has regained full control of its Ophthalmia Project after Polaris Metals surrendered its joint venture interest, ending a loan obligation and opening new development options.

Prodigy Gold NL is transitioning from exploration to development, underpinned by a robust scoping study at Hyperion and progressing approvals to restart mining at Twin Bonanza's Old Pirate mine.

Lode Resources has uncovered fresh silver-zinc and silver-antimony mineralisation at its Montezuma project in Tasmania, broadening the scope of its high-grade resource. Drilling continues to probe the scale and continuity of these promising discoveries.

CZR Resources Ltd (ASX:CZR) has launched an all-scrip off-market takeover bid for Zuleika Gold Limited (ASX:ZAG), offering 0.1742 CZR shares per Zuleika share, valuing Zuleika at approximately $44.8 million and representing a premium of over 40% to recent prices.

Resolute Mining’s half year profit more than doubled to $162.6 million, buoyed by soaring gold prices that offset a 31% drop in production. The company advances its Doropo project with key approvals and secures robust local financing.

Savannah Goldfields is launching a substantial 2026 drilling campaign targeting resource growth at its Georgetown and Agate Creek gold projects, aiming to bolster feedstock for its Georgetown processing plant and unlock value at Agate Creek.

Canadian Phosphate Limited’s initial 2026 drilling at Wapiti has successfully intersected phosphate mineralisation in all eight holes, extending the known Main Zone strike by over 3km. Assay results are pending, with a resource update planned for late 2026.

Impact Minerals (ASX: IPT) has started trading the rights for its pro-rata renounceable rights issue under the code IPTR, giving shareholders until 2 September 2026 to participate or sell their entitlements.

Mont Royal Resources has bolstered its funding position with a C$2.22 million tax credit from Quebec, supporting advancement of its Ashram Rare Earth and Fluorspar Project toward a Pre-Feasibility Study.

Kinetiko Energy’s South African subsidiary has locked in a $1.26 million cash agreement with Mulilo, resolving land-use conflicts and gaining a potential gas supply edge for a major wind energy project.

Ore Resources’ July diamond drilling at Kangaroo Hills confirms thick, near-surface lithium mineralisation and advances development studies, setting the stage for a Direct Shipping Ore assessment.

Tyranna Resources has finalised the sale of its 90% stake in the Namibe Lithium and Caesium Project in Angola to Sinomine Resource, netting approximately AUD 1.86 million and boosting cash reserves to around AUD 2.6 million.