Latest Minerals Development News

Botala Energy’s Serowe CBM project has reached its most important testing phase after well 3.5B delivered strong early water production and casing pressure. The operational progress is material, but the company still faces a funding hurdle and has not yet demonstrated sustained commercial gas flow.

Mount Ridley Mines has secured an oversubscribed $2 million placement at $0.033 per share to fast-track technical work at its Grass Patch Project and advance the Selectro™ Process. Directors plan to add $100,000 more, pending shareholder approval.

Stanmore Resources is set to acquire the Moranbah South tenements for US$105 million, significantly expanding its metallurgical coal resources and enhancing synergies with nearby projects.

Maronan Metals has marked a transformative year with a positive Preliminary Economic Assessment, grant of a key Mineral Development Licence, and two capital raises totaling nearly A$40 million, positioning the company for accelerated development of its Queensland silver-lead and copper-gold project.

Nova Minerals has kicked off geotechnical drilling for the West Susitna Access Road after AIDEA approved up to US$25 million in additional funding, aiming to unlock critical mineral development and improve logistics for its Estelle Project and antimony refinery.

Critical Resources has bolstered its Mavis Lake lithium project by staking new claims at the Red Hat gold target in Ontario, spotlighting a historical high-grade gold intercept that sharpens exploration focus.

Jindalee Lithium is pushing ahead with its McDermitt Lithium Project in the US, securing shareholder approval for a NASDAQ listing via US Elemental and raising $10.9 million to fund drilling and testwork. The project aims to deliver both lithium and magnesium, aligning with US critical minerals priorities.

Canadian Phosphate Limited has completed its acquisition of the Diamond Mountain Phosphate Project in Utah, adding a significant 49.9 million tonne phosphate resource to its portfolio. The company plans extensive exploration to validate and upgrade the resource to JORC standards, positioning itself for growth in North American fertiliser and battery markets.

Silver Mines has confirmed robust economics for its Bowdens Silver Project, boosting ore reserves to 93.5 million ounces and outlining a 26-year mine life with a $455 million capital cost estimate.

Temas Resources has filed a new patent for extracting chromium using its Regenerative Chloride Leach technology, broadening its critical minerals platform and commercial prospects.

PMET Resources has achieved over 97% caesium extraction from pollucite concentrate using sulphuric acid leaching at SGS Canada, while parallel proprietary testwork with Koch Technology Solutions advances value-added caesium chemical pathways.

Terra Metals has extended its Southwest Main Sulfide Corridor at the Dante Project, defining a vast PGM-Cu-Ni-Co system open in all directions and starting near surface, boosting prospects for early-stage mining.