Latest Project Development News

Northern Minerals Limited (ASX – NTU) has launched a $60.5 million equity placement to fund the development of its Browns Range Heavy Rare Earths Project in Western Australia, supported by strategic partnerships and conditional debt backing from Australian and US government agencies.

Coda Minerals has raised $12.33 million to fully fund the Pre-Feasibility Study for its Elizabeth Creek Copper-Silver Project, with drilling now underway and a robust work program planned through 2026.

Andromeda Metals has launched a $15.5 million capital raising, including a $2.5 million Security Purchase Plan, to accelerate development of its Great White Project and advance HPA production.

Terra Metals has released its first Mineral Resource Estimate for the Dante Project, revealing substantial polymetallic deposits and a new thick reef discovery, backed by a $15 million capital raise to accelerate exploration.

Medallion Metals has partnered with global commodity trader Trafigura to secure up to US$50 million in funding and a 7-year copper and gold offtake agreement, advancing its Ravensthorpe Gold Project development.

TMK Energy has successfully drilled and commissioned its LF-07 pilot well, boosting gas production at its Gurvantes XXXV Coal Seam Gas project in Mongolia. The company also secured $3.5 million in oversubscribed funding and formed a strategic alliance to advance development plans.

Challenger Gold has raised A$30 million through an institutional placement to fund the ramp-up of its Hualilan gold project and support an extensive drilling campaign ahead of first production in early 2026.

EnviroCopper has landed a $3.5 million strategic investment to accelerate feasibility studies on its innovative ISR copper projects in South Australia, enhancing Alligator Energy’s stake and spotlighting environmentally responsible mining.

Boab Metals has kicked off early construction works at its Sorby Hills Silver-Lead-Zinc Project, marking a key step toward full-scale mine development and production scheduled after the 2026 wet season.

Larvotto Resources has dismissed a non-binding acquisition offer from United States Antimony Corporation, reaffirming confidence in its undervalued shares and the promising Hillgrove Antimony-Gold Project set for production next year.

Cygnus Metals has promoted Nick Kwong to CEO as the company focuses on updating economic studies and expanding resources at its Chibougamau Project. The leadership change aligns with a dual strategy targeting resource growth and a refreshed Preliminary Economic Assessment.

Amplitude Energy reported steady Q1 FY26 production and strong revenue, backed by a $150 million equity raise to fuel expansion projects including the East Coast Supply Project and Patricia Baleen restart.