Latest Project Development News

Hot Chili Limited secured A$40 million in a private placement to fast-track development of its Costa Fuego copper-gold project in Chile, buoyed by significant high-grade drill results extending the La Verde discovery footprint.

Caravel Minerals has secured critical tenure and advanced engineering designs for its Caravel Copper Project, alongside non-binding debt interest of up to USD 220 million from European export credit agencies.

Eagle Mountain Mining has finalised a joint venture with Nittetsu Mining for the Oracle Ridge copper project, extinguishing a US$7.25 million loan and securing US$16.5 million in additional funding from Nittetsu.

Recharge Metals has completed the acquisition of the Sunset Well Gold Project near Leonora, WA, backed by a $6 million capital raise. The project hosts a 94,500-ounce inferred gold resource with significant exploration upside.

Medallion Metals has greenlit development at Ravensthorpe following a $50 million loan and environmental approval, while integrating Forrestania assets to underpin a multi-source gold strategy.

Meteoric Resources has reported strong pilot plant performance and advanced feasibility work at its Caldeira rare earths project, alongside a $50 million non-binding financing letter from Export Finance Australia and robust Brazilian government backing.

True North Copper (ASX:TNC) reported robust drilling results confirming the high-grade Aquila discovery at Mt Oxide, a 7% resource increase at Cloncurry, and a strategic JV acquisition with Glencore, setting the stage for a pivotal 2026.

Battery Age Minerals delivered maiden drilling success at Austria’s Bleiberg project, expanded its Apex Germanium-Gallium footprint in Utah by 40%, and confirmed high-grade gold-silver mineralisation at Argentina’s El Aguila. The company also progressed germanium technology evaluations and appointed a new CEO.

Australian Critical Minerals (ASX:ACM) has launched its maiden diamond drilling campaign at the Flint Gold-Silver Project in Peru, backed by a $3 million capital raise and expanded land holdings. The drilling targets a 4 km high-sulphidation epithermal system, with advanced core logging technology deployed to accelerate geological insights.

Latitude 66 has locked in exploration permits for its high-grade KSB gold-cobalt project in Finland following a key legislative amendment, while its Laverton drilling campaign in Western Australia continues to reveal promising gold mineralisation with potential for resource growth.

Genesis Resources progresses environmental work at its Plavica project in North Macedonia while Australian field activities stall due to wet season, reporting a A$401k operating cash outflow and under two quarters of funding.

Talga Group reported record anode production at its EVA plant and significant progress on its 5,000tpa Vittangi anode plant FEED study, alongside strategic partnerships and exploration breakthroughs.