Latest Project Development News

Geopacific Resources has completed a $40 million entitlement offer to fund a major drilling campaign and an updated Definitive Feasibility Study for its 1.67 million ounce Woodlark Gold Project, positioning the company for significant resource growth and project advancement.

C29 Metals bolstered its Kazakhstan multi-mineral project with a new tenement grant and appointed Dr Robert Stuart as Chief Geoscientist, while maintaining a solid cash position of $1.674 million at quarter end.

Paterson Resources has reported promising geochemical test results from its Grace Gold Project, indicating high gold recoveries using conventional cyanide leach methods. These findings support the project's potential for efficient gold extraction and resource upgrading.

Latrobe Magnesium Limited is poised to commence operations at its Demonstration Plant by late May 2025, backed by a $6.3 million funding boost and strategic advances in its international and commercial projects.

KGL Resources has reported a robust quarterly update for its Jervois Copper Project, highlighting a strong feasibility study with a $405 million NPV and successful drilling that extends high-grade copper resources. The company also secured $4.2 million in new capital and is progressing strategic financing to target production by 2027.

Minerals 260 Limited has completed a transformative $220 million capital raise alongside acquiring the Bullabulling Gold Project, positioning itself as a significant gold developer with a 2.3 million ounce resource. The company has launched an extensive 80,000-metre drilling program to unlock further resource potential.

Tombador Iron Limited reported a modest cash increase to AUD 10.9 million in the March quarter, driven by royalty income from its sold Tombador project, while progressing the acquisition of the Colomi Iron Project in Brazil and preparing for ASX re-listing.

Mayur Resources has completed a significant $100.1 million capital raise and secured $115 million in debt to fully fund its Central Lime Project in Papua New Guinea, while progressing construction and community agreements. The company is also rebranding to Pacific Lime and Cement Limited to reflect its new strategic focus.

Alpha HPA Limited reports significant progress on its HPA First Project Stage 2 with key infrastructure completed and engineering milestones met. Strong semiconductor sector demand drives Letters of Intent covering over 60% of Stage 2 production, while sapphire wafer production and leadership changes position the company for growth.

ADX Energy Ltd reported a solid cash balance of A$6.67 million at the end of Q1 2025, despite significant investment in exploration activities and ongoing loan repayments. The company’s quarterly cash flow highlights its commitment to advancing projects while managing financial stability.

AustChina Holdings has completed a strategic placement raising $412,500 to fund exploration of newly acquired gold and antimony prospects in Tasmania, marking a key step in its resource expansion strategy.

Challenger Gold Limited confirms steady progress on refurbishing the Casposo Toll Milling Plant in Argentina, with a second independent inspection validating the refurbishment is on track for commissioning in the second half of 2025.