Latest Mineral Resources Development News

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.

Marvel Gold Limited has initiated a comprehensive drone-borne magnetic survey over its Hanang Gold Project in Tanzania and entered a binding agreement to divest its Yanfolila Gold Project in Mali, signalling a strategic shift in its asset portfolio.

Lion Selection Group has sold its stake in Erdene Resource Development Corp for A$12.3 million, securing a strong return and announcing a 2 cents per share fully franked special dividend for shareholders.

Resource Minerals International Ltd has acquired a 50% interest in a Saudi Arabian joint venture, gaining access to the highly prospective Shaib Marqan gold and base metals exploration licence. This move positions RMI to leverage Saudi Arabia’s expanding mining sector under Vision 2030 reforms.

Dome Gold Mines reports delays in its Sigatoka desilting project due to local activist opposition, while progressing its feasibility study and securing key license renewals in Fiji.

AGUIA RESOURCES LTD posted a $1.31 million net cash outflow for the December 2024 quarter, driven by exploration and evaluation expenses, while preparing for underground operations at its Santa Barbara Mine.

Maximus Resources has launched a significant 3,000m RC drilling campaign at its Lefroy Lithium Project, aiming to expand on promising lithium mineralisation at Bird Rock and Kandui under a joint venture with KOMIR.

Carawine Resources has updated the market with its December 2024 quarterly report, highlighting exploration progress in the Paterson province and an impending court hearing over a compulsory acquisition by major shareholder QGold.