Latest Mineral Resources News

Verity Resources has launched a targeted aircore drilling campaign at its Monument Gold Project in Western Australia, aiming to upgrade and expand its existing gold resource. The program focuses on three promising prospects within a prolific gold district.

Tempest Minerals Limited has announced a non-renounceable rights issue to raise approximately $1.47 million, aimed at funding exploration at its Yalgoo iron ore project and other assets. The offer includes free-attaching options and carries a potential dilution of up to 33% for non-participating shareholders.

Catalyst Metals has secured the Old Highway Gold Project from Sandfire Resources for A$32.5 million, aiming to boost production with a satellite mine feeding its Plutonic processing plant. The project promises a 4-year mine life producing 35,000 ounces annually at competitive costs.

Challenger Gold Limited has formalized an Investment Protection Agreement with Ecuador, safeguarding its $75 million investment in the El Guayabo Project. Concurrently, the company announced a doubling of its Mineral Resource Estimate to 9.1 million ounces gold equivalent across its Ecuadorian assets.

Alvo Minerals is set to become a leading Brazilian explorer with its proposed acquisition of the Lavra Velha Gold Project, complementing its strong copper-zinc and rare earth portfolios.

Chilwa Minerals has received final assay results from 107 sonic drillholes at its Mposa Deposit, revealing significant heavy mineral grades that underpin an updated resource estimate. Drilling has now commenced at the Northern Shore Halalla deposit as the company advances its mining licence and development plans.

Aeris Resources has executed a $60 million refinancing deal with Washington H. Soul Pattinson, extending debt facilities and unlocking working capital, while maintaining its FY25 copper and gold production guidance. The company’s strategic focus on expanding copper output, particularly through the Constellation deposit, signals a confident growth trajectory.

Torque Metals has won a $144,500 co-funded drilling grant from the Western Australian government to explore down-plunge extensions of high-grade gold at its Paris Gold Project, potentially expanding its resource base.

Brightstar Resources reports compelling gold assay results from Sandstone and Laverton, confirming resource growth potential and accelerating drilling plans across key Western Australian projects.

American Rare Earths reports high-grade rare earth oxide results from Wyoming's Cowboy State Mine, reinforcing its strategic position in the US critical minerals landscape.

Mt Malcolm Mines NL is set to begin a fully funded 3,000-metre RC drilling program targeting high-grade gold at its Golden Crown and Dumbarton prospects near Leonora, aiming to define a maiden JORC resource and advance development plans.

Cygnus Metals reports standout gold and copper drill intercepts at its Golden Eye prospect, signaling a promising new resource within the Chibougamau Copper-Gold Project. The company plans to leverage these results alongside historic data to define an initial Mineral Resource Estimate.