Latest Exploration And Development News

Neometals Ltd has resolved a longstanding legal dispute with a $1 million settlement, clearing the way to focus on advancing its Barrambie Gold Project and sustainable processing technologies.

Lithium Energy Limited is set to begin a 2,700-metre drilling campaign at its Sandy Creek Gold-Copper Prospect following rock chip samples revealing significant copper, gold, and silver grades. This marks a key step in exploring the Capricorn Gold-Copper Belt Project near the historic Mt Morgan mine.

Sky Metals Limited has raised $20.5 million through a share placement to accelerate development of its flagship Tallebung Tin Project in NSW, positioning the company for near-term tin production.

Metal Bank Limited has entered a non-binding MOU with Austral Resources to explore toll treatment of ore from the Millennium Project at Austral’s nearby Rocklands facility, aiming to advance a promising copper-cobalt-gold resource in NW Queensland.

Alkane Resources Ltd has reported a remarkable half-year surge in revenue and profit, driven by its strategic merger with Mandalay Resources Corporation and soaring gold prices.

Beacon Minerals has finalised the sale of its six Timor Leste concessions to Tivan Ltd, securing cash and equity to bolster its Australian gold operations and growth plans.

New Frontier Minerals has executed a binding option to acquire a 90% interest in the Pomme Rare Earth Element and Niobium project in Quebec, partnering with Metallium to leverage advanced processing technology and expand its critical minerals footprint.

Aeris Resources has announced a strategic all-scrip acquisition of Peel Mining, consolidating key copper assets in New South Wales and aiming to extend the Tritton mine life beyond a decade. Peel shareholders will also retain exposure to precious metals exploration through a demerger into a new ASX-listed entity.

Matsa Resources launches a major drilling campaign at Fortitude North targeting up to 1.85 million ounces of gold, supported by a $17.5 million loan facility from major shareholder Deutsche Balaton.

Lefroy Exploration has launched its inaugural toll milling campaign at the Lucky Strike Gold Mine, with first gold production expected by mid-February amid strong gold prices. The company is also advancing drilling to expand the mine’s footprint.

Black Cat Syndicate’s latest drilling at Paulsens Gold Operation reveals significant high-grade gold intercepts outside current resource limits, prompting plans to accelerate exploration with a second rig.

Critical Resources Limited has successfully completed the first tranche of its capital raising, securing $1.605 million through a substantial share and option issuance. The company now awaits shareholder approval for the second tranche, which involves director participation.