Latest Gold Development News

Geopacific Resources has won a crucial extension on its Woodlark Mining Lease in Papua New Guinea, providing vital flexibility to progress its 1.67 million ounce gold project ahead of a definitive feasibility study due later this year.

Brightstar Resources Limited has consolidated its position as a leading Western Australian gold developer through the strategic acquisition of Aurumin Ltd, expanding its resource base and setting ambitious production targets. The company aims to ramp up production from current levels to 200,000 ounces annually by 2029, backed by robust feasibility studies and a multi-hub development strategy.

Star Minerals reports promising shallow gold intercepts 120 metres west of known lodes at its Tumblegum South project, hinting at a potential resource expansion ahead of planned mining approvals.

Ballard Mining reports strong infill and extensional drilling results at its Mt Ida Gold Project, confirming and potentially expanding the high-grade Baldock resource. The ongoing program aims to upgrade resource confidence and supports future development plans.

Aurelia Metals Limited has reported a strong turnaround with a $48.9 million net profit for FY25, driven by operational progress at its Federation Mine and the approval of the Great Cobar Project. The company’s strategic focus on base metals growth and sustainability underpins its improved financial and safety performance.

Lion Selection Group has sold its stake in Erdene Resource Development Corp for A$12.3 million, securing a strong return and announcing a 2 cents per share fully franked special dividend for shareholders.

Rox Resources has reported multiple high-grade gold intersections from recent drilling at its Youanmi Gold Project, reinforcing its status as one of Australia’s most promising gold developments.

Lowell Resources Fund (ASX, LRT) reported a stellar FY2025 with net assets soaring 72.5% to $72.3 million and profits jumping over 1400%, driven by strong gold and precious metals exposure.

Gorilla Gold reports compelling high-grade gold assay results from its Comet Vale Project, extending mineralisation at Lakeview and Cheer prospects. The company is ramping up drilling activity with five rigs to support a significant resource upgrade planned for late 2025.

Kula Gold has raised $750,000 through a share placement to fund diamond drilling at its Mt Palmer Gold Mine, following a series of promising high-grade gold results from recent exploration.

Barton Gold Holdings has secured new exploration tenements for its Wudinna Gold Project, marking a pioneering M&A deal under South Australia’s updated mining regulations. This milestone strengthens Barton’s foothold in the region and sets a fresh precedent for future mining investments.

Sarama Resources has taken a significant step in its international arbitration against Burkina Faso following the expropriation of its key gold exploration permit. The company seeks at least US$120 million in damages as proceedings move forward.