Latest Exploration And Development News

Dreadnought Resources reports promising assay results from initial drilling at its Mangaroon Gold Project, revealing thick, high-grade gold intercepts near surface and a new discovery at the Lesgo prospect.

Cue Energy Resources will pay a final dividend of 0.5 cents per share, with Echelon Resources set to receive approximately AUD 1.75 million from its near 50% stake. This payout underscores steady cash flow prospects for Echelon amid ongoing exploration efforts.

Great Northern Minerals Ltd has agreed to acquire the Catalyst Ridge Project in California’s Mountain Pass District, a key US rare earth and antimony region, supported by a $2.6 million capital raise to accelerate exploration.

Cue Energy Resources reported a 10% revenue increase to $54.8 million in FY2025, declaring a final dividend and advancing key development projects that underpin future growth.

Gladiator Resources has inked a strategic agreement with Apex USA Resources to explore and develop rare earth element tenements in the United States, marking a significant diversification from its Tanzanian uranium projects.

Alkane Resources reported a robust FY2025 with a 87% jump in profit after tax to A$33 million, driven by higher gold production and prices. The company also completed a transformative merger with Mandalay Resources, creating a diversified gold and antimony producer.

Regis Resources Limited delivered a strong FY25 with record revenue and net profit, becoming debt-free and declaring a dividend, while advancing its underground growth strategy. However, its McPhillamys Gold Project faces a significant legal hurdle following a heritage protection declaration.

Rimfire Pacific Mining clarifies its recent capital raising progress, confirming receipt of nearly $3 million and the issuance of 199 million shares, with a further tranche pending shareholder approval.

Ausgold Limited has resolved a long-standing legal dispute by acquiring critical freehold land for its Katanning Gold Project, unlocking new drilling opportunities and prompting a re-optimisation of its feasibility study.

Melbana Energy has successfully raised $7 million through a discounted share placement with attaching and bonus options, aiming to finance drilling at its Amistad-2 well and support general corporate needs.

WIN Metals has secured $2.35 million through a heavily oversubscribed placement to accelerate drilling at its high-grade Radio Gold Mine and advance resource evaluation at Butchers Creek.

Lincoln Minerals Limited’s LMLO securities have been suspended from ASX quotation due to non-compliance with listing rules, raising questions about the company’s regulatory standing.