Latest Project Development News

Gold Mountain Limited has raised $4.5 million from a new institutional investor to accelerate exploration of its rare earth and lithium projects in Brazil.

Latrobe Magnesium has reached a third of construction completion at its Phase 1B Demonstration Plant, maintaining strong safety standards and progressing key installation milestones. The company targets first magnesium metal output in the second half of 2026, aligning with prior guidance.

Heavy Rare Earths Limited has initiated a strategic review of its Cowalinya rare earth project, focusing on heavy rare earth oxides critical for energy and defence sectors. The review aims to unlock value from high-grade zones within a substantial JORC resource through expert reinterpretation and targeted metallurgical testing.

Nova Minerals has achieved gold recoveries exceeding 95% from low-grade Korbel ore using coarse particle flotation, producing concentrates up to 26.7 g/t Au. This breakthrough could cut costs and unlock more of the resource in its Alaska Estelle project.

Capricorn Metals has gained crucial federal environmental approval for expanding its Mount Gibson Gold Project, clearing a key hurdle toward development commencement in late 2026.

Tivan Limited has engaged Indigenous-owned MDM Mining & Civil under an Early Contractor Involvement contract to optimise the access road design for its Speewah Fluorite Project in WA, supporting the ongoing Definitive Feasibility Study.

Metals Australia’s prefeasibility study for its Lac Carheil Graphite Project in Quebec reveals a strong economic foundation with a pre-tax NPV of AUD 790.8 million and a 22% IRR, underpinning its potential as a significant future graphite supplier.

GoldArc Resources has completed the first phase of a 34,000m grade control drilling program at Mt Stirling, delivering consistent broad mineralisation and higher-grade zones that underpin updated mine models ahead of regulatory approval.

West Coast Silver has kicked off a major geophysical survey at its Elizabeth Hill project, aiming to uncover repeats of its historically high-grade silver system along 4 kilometres of the Munni Munni Fault Zone.

BauMart has reached a pivotal milestone in its BuildMart Modular project with the delivery of four modular homes to Fremantle, marking a practical demonstration of offsite construction's efficiency and quality.

IRIS Metals posted a $22.3 million loss for FY26, driven by major impairments on exploration assets and elevated share-based payments. The company pivots away from Edison and Tin Mountain projects, focusing on lithium-rubidium in South Dakota and tungsten in Montana.

Audalia Resources (ASX: ACP) is seeking to raise $450,000 through a placement of 15 million shares at 3 cents each, aiming to fund the Medcalf project’s progression and shore up working capital.