Latest Mineral Resource Development News

Chariot Resources Ltd (ASX: CC9) has independently confirmed the presence of spodumene and pollucite in verification samples from its Fonlo and Iganna lithium projects in Nigeria, reinforcing the interpretation of these sites as lithium-caesium-tantalum pegmatite systems and informing upcoming metallurgical and exploration activities.

Tivan Limited has initiated its 2026 exploration drilling program in central Australia targeting tungsten and fluorite mineralisation at the Molyhil and Sandover projects following regulatory and cultural heritage clearances.

Adavale Resources Limited has confirmed significant shallow gold mineralisation at its Victoria South Prospect, with historic drilling revealing bonanza grades up to 245.5g/t Au. These results suggest potential for a substantial extension of the existing 115,000-ounce London-Victoria gold resource.

Asara Resources has reported significant auger geochemistry results from its Kada Gold Project in Guinea, delineating an 18 km gold anomaly at Bamfele and a drill-ready 1 km target at Damissa Koura, extending beyond historical exploration limits.

Zenith Minerals (ASX: ZNC) has commenced an eight-hole reverse circulation drilling program at its Consolidated Dulcie Gold Project, aiming to grow and enhance its recently defined 675,000 ounce inferred gold resource. The campaign targets near-resource zones and strategic gaps along a 6 km mineralised corridor, while regional exploration efforts continue.

Native Mineral Resources has locked in a $4 million unsecured loan from a related party to finance exclusive mining rights at the Podosky Gold Project, avoiding equity dilution amid a tight funding window.

Duketon Mining Limited has started its inaugural drilling campaign at the Barlee Gold Project, targeting multiple significant gold anomalies, while completing reverse circulation drilling at the Boodanoo Project with assay results pending.

Reward Minerals has expanded its Mountain Pond Gold Project in Newfoundland by acquiring a new mineral licence adjoining the Jackpot Prospect, setting the stage for maiden drilling in 2026. This strategic consolidation unlocks a highly prospective fault zone with historic gold and multi-element anomalies but no prior drilling.

Unity Metals has reported promising high-grade gold intersections from initial drilling at its Ngot Gold Project, with assays confirming mineralisation similar to the nearby Okvau Mine. The ongoing 8,000m drilling program is progressing well, with further results eagerly awaited.

Heavy Rare Earths Limited has confirmed the presence of valuable rare earth minerals Monazite and Xenotime at its Radium Hill Project, signalling new potential beyond historic uranium mining.

Caprice Resources has reported significant new diamond drilling results at its Island Gold Project, extending high-grade gold mineralisation down plunge by 100 metres and confirming strong continuity along strike and depth at the Vadrians deposit.

BPM Minerals has commenced a significant 7,500m drilling program at its Beachcomber Prospect, targeting high-grade gold extensions, while preparing for a heritage survey at Bonnie & Clyde to enable maiden drilling later this year.