Latest Mineral Deposits News

Resource Minerals International Ltd reports impressive high-grade gold and silver assays from rock chip sampling at its Shaib Marqan and Wadi Salamah projects in Saudi Arabia, setting the stage for maiden drilling campaigns.

Artemis Resources has formalised access to its Cassowary Copper-Gold Exploration Project in Western Australia, setting the stage for initial diamond drilling planned for December. The project targets a large, geologically significant intrusion with strong potential for copper-gold mineralisation.

Venus Metals Corporation reports significant zinc and indium mineralisation from recent diamond drilling at its Youanmi Base Metals Project, initiating metallurgical testwork to refine zinc concentrate quality.

Kuniko Limited has raised A$1.52 million through a rights issue shortfall and top-up placement, fully funding Stage-1 exploration at its Commonwealth Gold-Silver Project in NSW. Exploration activities, including geochemical sampling and airborne geophysics, are now underway in the prolific Lachlan Fold Belt.

Dundas Minerals appoints industry veteran Jonathan Downes as Managing Director, marking a strategic leadership transition following founder Shane Volk's retirement.

S2 Resources has commenced a two-month drilling campaign at its Warraweena project in northern NSW, targeting six geophysical anomalies with potential for multiple valuable mineral deposits. A follow-up gravity survey is advancing to refine these targets further.

Indiana Resources Limited has had its trading suspension lifted following the release of new exploration results and a response to an ASX price and volume query, signaling renewed market activity.

Enegex Limited has secured a significant gold exploration portfolio in Côte d’Ivoire, acquiring over 3,700 square kilometres of highly prospective permits and setting the stage for near-term drilling. The acquisition is backed by $5 million in funding and the appointment of seasoned West African exploration leader Paul Roberts as Managing Director.

Highfield Resources has terminated its agreement with Yankuang Energy, opening the door to new strategic funding options for its flagship Muga Potash Project in Spain.

Marimaca Copper has successfully closed an A$80 million placement to accelerate exploration and development at its flagship Chilean copper assets, pending final TSX approval.

Highfield Resources has fully terminated its senior secured project finance facility, exiting its last lenders to focus on cash preservation and alternative funding for its Muga Potash Project in Spain.

New Frontier Minerals has appointed GeoDrill Australia to lead its inaugural drilling campaign at the Harts Range Project, targeting a suite of critical minerals vital to modern technologies and energy transition.