Latest Groundwater News

Caravel Minerals has significantly advanced its Caravel Copper Project with a near-complete Definitive Feasibility Study, marked by a 48% increase in Proven Ore Reserves and strengthened funding arrangements.

New Frontier Minerals has pinpointed a new untested bedrock conductor at its Harts Range project in the Northern Territory, highlighting a promising copper-nickel exploration target identified through independent geophysical modelling.

Lincoln Minerals has confirmed ongoing mineralisation at its Minbrie Copper Project’s Eagle Ridge prospect through air core drilling, setting the stage for a targeted diamond drilling campaign later this year.

Hot Chili Limited expands its Costa Fuego copper-gold project with significant drilling success at La Verde, underpinning a strong Preliminary Feasibility Study and strategic water infrastructure plans.

Rumble Resources has upgraded its Western Queen gold resource by 17% to 433,600 ounces, secured a near five-year toll milling agreement, and progressed feasibility and permitting work, setting the stage for production in 2027.

Coda Minerals has delivered critical pre-feasibility study data and secured funding to push its Elizabeth Creek copper-silver project towards development milestones, including environmental approvals and expanded drilling.

Mount Hope Mining delivered high-grade gold assay results and robust metallurgical testwork at its Mt Solitary project, advancing toward a maiden JORC resource with Phase 3 drilling imminent.

Pantoro Gold delivered 18,028 ounces in Q4 FY2026 amid operational challenges and sets a FY2027 production target of 90,000 to 105,000 ounces at a lower AISC of A$2,800 to A$3,400 per ounce.

Toubani Resources has pushed construction and exploration forward at its Kobada Gold Project in Mali, backed by a US$208 million funding package and high-grade drilling results that support an upcoming resource update.

Alliance Nickel has kicked off vat leach testing at its NiWest Nickel-Cobalt Project, aiming to slash capital costs, while raising $2.4 million through a partial entitlement offer and extending loan facilities to mid-2027.

American Uranium Limited (ASX: AMU) advanced its Lo Herma ISR uranium project in the June 2026 quarter, completing a $2.64 million placement, delivering promising drilling outcomes, and preparing for large-scale pump testing ahead of a Q3 resource update.

Deep Yellow Limited has accelerated progress at its flagship Tumas uranium project in Namibia, awarding major construction contracts and pushing detailed engineering close to 80% completion ahead of a Final Investment Decision expected in Q4 2026. Exploration activities in Namibia and Australia continue to build the company’s resource pipeline amid a strengthening uranium market.