Latest Gold Projects News

Alice Queen Limited (ASX:AQX) has initiated a partially underwritten rights issue aiming to raise up to $5.77 million, with substantial shareholder Gage Resource Development committed to maintaining control. The funds will primarily support further drilling and project development at Horn Island.

TG Metals targets a potential doubling of its laterite gold resources at Van Uden, advancing heap leach project designs and awaiting drilling approvals.

Native Mineral Resources (ASX:NMR) has raised A$3.5 million through a convertible note with existing investor Lind Global Fund III LP, aiming to reduce debt and support operational cash flow.

CuFe’s expanded scoping study for its Orlando copper-gold project integrates underground mining and new bismuth and silver revenue streams, lifting project NPV to A$908 million at spot prices and shortening payback to 10 months.

Mt Malcolm Mines NL has revised its rights issue, lowering the price to $0.007 per share and adjusting the offer ratio to raise $1.81 million. The funds will support a processing plant feasibility study and advance exploration at its Leonora projects.

AusQuest’s latest drilling at Cangallo confirms a 1.5km mineralised copper-gold corridor with emerging higher-grade zones, setting the stage for a major diamond drilling campaign targeting deeper sulphides.

Caprice Resources has struck a remarkable new high-grade gold zone near surface at its Island Gold Project, revealing a 22m intercept averaging 66.2 g/t gold parallel to the established Vadrians lode, signalling a potentially multi-lode system.

Resolution Minerals has achieved 99.5% recovery of stibnite from lower grade Antimony Ridge samples, reinforcing the project's potential as a key US antimony source. Further flotation and hydrometallurgical test work is underway alongside a major drilling campaign at Golden Gate.

Emerald Resources has cleared the final regulatory hurdle for its Dingo Range Gold Project and committed A$30 million to critical equipment purchases, underpinning its ambition to become a multi-mine gold producer across Australia and Cambodia.

Advance Metals has launched its first diamond drilling campaign at the high-grade Gavilanes Silver Project in Mexico, aiming to convert a substantial Foreign Estimate into a JORC-compliant resource by year-end.

Celsius Resources faces a setback as interim legal orders to block Sodor’s control over Makilala Mining are denied, with recent shareholder meetings reshaping the board despite expired payment deadlines.

Genesis Minerals is poised to boost its gold output to an aspirational 500,000 ounces per annum following its strategic acquisition of Magnetic Resources and the construction of a new Tower Hill mill in Western Australia.