Latest Mining And Resources News

Prospect Resources has kicked off an extensive Phase 2 drilling campaign at its Mumbezhi Copper Project in Zambia, confirming promising copper grades and advancing metallurgical testing. A strategic $18.5 million investment from First Quantum Minerals strengthens its financial and technical position.

Noble Helium has upgraded its North Rukwa helium resource estimate by nearly 30%, driven by fresh data and a refined charge model, setting the stage for a targeted drilling campaign.

Resolute Mining has announced an initial mineral resource estimate of approximately 266,000 ounces of gold at its Bantaco Project near the Mako Gold Mine in Senegal, marking a significant step in extending the mine’s life.

MAC Copper Limited delivered a standout June quarter with record daily copper output and sharply reduced costs, while advancing its strategic acquisition by Harmony Gold.

Emmerson Resources’ latest Scoping Study confirms the White Devil Gold Project as a Major Mine, projecting robust financial returns and a seven-year mine life. With feasibility studies underway and a strategic JV structure, the project is poised for development in the Northern Territory.

Westgold Resources capped FY25 with record quarterly gold production and a $132 million treasury boost, while announcing a maiden 2.3 million ounce resource at its Fletcher Zone.

Rumble Resources has announced a substantial upgrade to its Western Queen Gold Project, increasing the mineral resource estimate to 370,000 ounces at a higher grade of 3.1 grams per tonne. This marks a significant step forward in the project’s development and potential mining strategies.

Noble Helium appoints Dennis Donald as Executive Chairman and secures a $200k loan to accelerate its North Rukwa helium project, backed by positive technical reviews.

Rox Resources has announced a significant upgrade to the Youanmi Gold Project’s underground resource, boosting contained gold by 21% and increasing grade to 6.0 g/t, setting a robust foundation for its upcoming Definitive Feasibility Study.

Brightstar Resources reports a 25% production increase at its Second Fortune mine and unveils a promising new lode, while ore haulage begins at its Fish underground operation.

Beacon Minerals has confirmed extensive near-surface laterite-hosted gold mineralisation at its Iguana Gold Project, highlighting promising grades for low-cost mining and advancing resource modelling.

Polymetals Resources has halved its US$20 million debt facility and raised A$15 million in equity to support the Endeavor Mine's transition to steady production.