Latest Groundwater News

Verity Resources has upgraded its Monument Gold Project with a maiden Indicated Mineral Resource of 66,200 ounces, lifting the total resource to 137,700 ounces and adding a new underground component.

Fluence Corporation has landed a $3.7 million contract to build a high-capacity water treatment plant in Texas, aiming to reduce industrial reliance on municipal water amid ongoing drought conditions.

Ariana Resources has sealed a $1 million metallurgical drilling contract with Hongkong Xinhai to push forward its Dokwe Gold Project feasibility study in Zimbabwe, alongside multiple technical programs including geotechnical drilling and water management studies.

Southern Hemisphere Mining has launched a 1,000-metre diamond drilling campaign at its Llahuin copper project in Chile, aiming to extend known mineralisation and test for higher-grade copper-gold-molybdenum zones within a 218Mt JORC resource.

Arika Resources has won a $211,000 government grant to fund deep diamond drilling targeting high-grade extensions at the historic Cosmopolitan Gold Mine in WA’s Kookynie district. The drilling aims to unlock a large, underexplored mineral system with parallels to major regional deposits.

Alligator Energy has achieved 70% uranium recovery in its first well test at Samphire, with flow rates and uranium grades exceeding global ISR benchmarks, confirming the technical viability of its in-situ recovery approach.

NeuRizer Ltd advanced its urea project with Reliance Industries payments and environmental submissions, despite ongoing ASX trading suspension and overdue financial reports.

Cobre Limited has secured majority control of the Sierra Atacama Copper Project in Chile through a $60 million capital raise, marking its transition from explorer to producer. The company plans extensive drilling and operational upgrades to boost production and resource confidence.

Caravel Minerals has secured critical tenure and advanced engineering designs for its Caravel Copper Project, alongside non-binding debt interest of up to USD 220 million from European export credit agencies.

QMines Limited reported a busy March quarter with strong drilling results at Mount Mackenzie, a resource upgrade at Develin Creek, and progress on the Mt Chalmers feasibility study, underpinned by a $15 million strategic funding package from QIC.

Horizon Gold has reported strong high-grade gold intercepts from drilling at its Omega and Kingfisher prospects in Western Australia, extending mineralisation and advancing its feasibility study on a 2.3 million ounce resource base.

Arafura Rare Earths has locked in binding cornerstone equity agreements worth approximately A$230 million, bolstering its path to a final investment decision for the Nolans Project. The company also acquired critical camp infrastructure and is progressing technology development and offtake negotiations amid supportive government frameworks.