Latest Gold Project Development News

Medallion Metals has executed a binding agreement to acquire the Forrestania Nickel Operation from IGO Limited, setting the stage for a low-capital pathway to gold and copper production at its Ravensthorpe project. The transaction targets completion and a final investment decision by late 2025.

Native Mineral Resources Holdings Limited reported significant cash outflows in its June quarter, offset by a recent $10 million share placement aimed at supporting its Blackjack Milling gold project development.

Marmota Limited reports a breakthrough titanium discovery at Muckanippie alongside exceptional gold recoveries from metallurgical tests at its flagship Aurora Tank deposit, while advancing drilling at Greenewood.

Cavalier Resources progresses its Crawford Gold Project with key milestones including an $11 million stream finance negotiation with Raptor Capital and the appointment of Colin Bald as General Manager of Operations.

OZZ Resources reported steady progress across its Western Australian gold projects in the June 2025 quarter, highlighted by a promising mining scoping study at Maguires Reward and ongoing exploration activities. The company maintains a cautious cash position while seeking partners to advance development.

Horizon Gold Limited has announced a $7 million non-renounceable entitlement offer alongside a $5 million placement to fund its Gum Creek Gold Project and repay debt. The offer opens on 29 July and closes on 12 August 2025.

Ausgold Limited has raised A$35 million through a well-supported placement to accelerate its Katanning Gold Project in Western Australia towards a final investment decision.

MetalsTech Limited has received a $2 million strategic investment to advance its Sturec Gold Project in Slovakia, aiming to complete a pivotal Pre-Feasibility Study that could unlock significant value.

AuKing Mining has raised $1.177 million through a two-tranche share placement and signed a $5 million convertible loan facility with RiverFort Global Capital to support its Cloncurry Gold Project acquisition and development.

Brightstar Resources and Aurumin Limited have entered live merger discussions to consolidate their Central Sandstone tenements, aiming to create a major gold development project with a combined resource of approximately 2.4 million ounces. The proposed scrip deal offers Aurumin shareholders a premium, though completion remains uncertain pending due diligence.

Rox Resources has completed its two-tranche placement, raising a total of $40 million to advance its Youanmi Gold Project development. The final tranche involved issuing 13.5 million shares to key institutional investors.

New Murchison Gold Limited has had its trading suspension lifted following key approvals for its Crown Prince gold project and a related capital raising announcement.