Latest Gold Assets News

Hammer Metals has released final assay results from its Kalman drilling program, revealing thick, high-grade copper-gold-molybdenum-rhenium mineralisation and confirming Blackrock's copper-gold potential near the Barkly Highway.

Forrestania Resources has upgraded the British Hill gold deposit resource to 126,290 ounces, more than doubling the previous estimate and significantly increasing the higher-confidence Indicated category. Ongoing drilling and development studies aim to further enhance the project’s value within the Forrestania Hub.

Austral Resources Australia Ltd has lodged a binding proposal to acquire Hammer Metals, offering a 29.9% premium over a rival bid and proposing a SpinCo demerger of Hammer's WA gold assets. The deal would create a larger, more diversified Queensland copper producer with operational synergies and enhanced exploration potential.

Austral Resources has lodged a binding offer to acquire Hammer Metals for $80.7 million, trumping Larvotto Resources' earlier $61.2 million scheme. The proposal includes a demerger of Hammer’s WA gold assets and positions Hammer shareholders to own about 31% of the combined entity.

Dynamic Metals has agreed to sell non-core gold assets within its Widgiemooltha Project to Corazon Mining for up to $3.5 million, including cash, shares, milestone payments, and a 1.5% gold royalty, while retaining lithium rights.

Patronus Resources (ASX:PTN) is executing a major 30,000-metre multi-rig drilling campaign at its Pine Creek gold project, underpinning a 2.3 million ounce gold equivalent resource across its Northern Territory and Western Australia assets, supported by a robust $65 million cash position.

Arika Resources has locked in strong assay results extending gold mineralisation at Yundamindra and commenced drilling at Kookynie, backed by full project ownership and a $6.55 million placement.

Rokeby Resources (ASX: RKB) has secured the high-grade Omeo Gold Project, renewed a key mining licence, and launched a drilling campaign at Sunnyside to upgrade historical gold resources while raising $4.34 million.

Lac Gold Limited's latest drilling at the Rouyn Gold Project reveals extensive high-grade gold mineralisation, while the acquisition of the historic Golden Patricia Mine adds a significant growth platform. The company ends the quarter with $13.3 million in cash and a clear focus on resource expansion.

Carnaby Resources has agreed to a scheme of arrangement with Evolution Mining, offering shareholders a 60.4% premium and exposure to Evolution’s portfolio, while reporting significant new high-grade copper-gold results at its Greater Duchess project.

Predictive Discovery reported a 33% increase in gold production to 64,026 ounces in Q2 2026, driven by Kiniero’s operational ramp-up and advancing development at the Bankan project.

Hammer Metals has agreed to be acquired by Larvotto Resources in a $61.2 million scheme that includes a demerger of its WA gold assets, while facing a higher non-binding $80.7 million proposal from Austral Resources. The board backs Larvotto’s offer pending independent expert approval, as drilling at Kalman advances resource confidence.