Latest Gold Development News

Minerals 260 has locked in a $220 million funding deal with Franco-Nevada, combining royalty and equity financing to fast-track its 4.5Moz Bullabulling Gold Project. Strong drilling results and accelerated project work underpin a development timeline targeting first production by end 2028.

WA Gold’s scoping study for its Abercromby Gold Project outlines a staged mining plan with modest A$8 million upfront capital, targeting 114,000 ounces from mostly Indicated Resources and projecting A$270 million pre-tax cashflow.

Aurum Resources has consolidated a 4.2 million ounce gold resource across its Boundiali and Napié projects in Côte d’Ivoire, progressing a central processing hub and expanding drilling programs as it targets development milestones in 2026.

Nelson Resources has secured a Native Title and Mining Agreement with the Nyalpa Pirniku People, clearing a key hurdle for mining leases at the Yarri Gold Project near Kalgoorlie. MEGA Resources will fully fund up to A$10 million in initial development, accelerating the project towards a mining decision.

Neometals has formalised a joint venture with BML Ventures to fund and operate open-cut mining at the Ironclad deposit, paving a near-term path to gold production at the Barrambie Gold Project.

Rox Resources Limited has executed a A$350 million syndicated debt facility agreement with major banks to fund the development of its Youanmi Gold Project, targeting first gold production by mid-2027.

BMG Resources has commenced diamond drilling as part of a 10,000m program at its Abercromby Gold Project in WA, aiming to expand its 518,000oz gold resource. Results are expected within weeks, alongside a near-complete scoping study that could pave the way for near-term production.

Papua New Guinea’s Conservation and Environment Protection Authority has approved an updated Environment Permit for Geopacific Resources’ Woodlark Gold Project, enabling increased throughput and signalling strong government backing ahead of a key feasibility study.

Orbminco Limited has announced a significant update to its Majestic North Gold Project resource, increasing contained gold ounces by 127% and highlighting a high-grade domain that could accelerate mining plans.

Skylark Minerals’ latest drilling at the M’Basso Zone within its Zaranou Gold Project reveals thicker and richer gold intersections at greater depths, validating its geological model and hinting at significant resource expansion.

Far East Gold has obtained a crucial environmental approval from the Indonesian government, clearing the way for advanced exploration at its Idenburg Gold Project and setting the stage for accelerated development.

PC Gold Limited reports multiple thick, high-grade gold intercepts at its Spring Hill project, extending known mineralisation and advancing pre-feasibility studies ahead of a June resource update.