Latest Project Development News

Arafura Rare Earths has completed the second tranche of its $475 million capital raise, issuing over 1.25 billion shares and raising $351.6 million before costs. The company also awaits results from a retail share purchase plan that could add another $50 million.

Medallion Metals has completed a Feasibility Study for its Ravensthorpe Gold Project, confirming robust economics and a clear pathway to near-term gold and copper production leveraging existing infrastructure in Western Australia.

IRIS Metals Limited has voluntarily suspended trading of its shares on the ASX pending a significant capital raising announcement expected next week.

Carnaby Resources reports robust new drill results from its Greater Duchess Project, revealing significant high-grade copper-gold mineralisation at the Trek 1 and Inheritance prospects. The ongoing drilling program and upcoming Pre-Feasibility Study signal advancing project development.

Macro Metals has confirmed access to Utah Point at Port Hedland, enabling export of up to 4 million tonnes per annum from its Extension Iron Ore Project starting late 2026. This milestone advances project financing and production plans.

Euro Manganese has amended its financing agreements with Orion Resource Partners, allowing loan conversion into royalties and extending project milestones to mid-2026, reinforcing cooperation as it advances its European manganese project.

Kingsland Minerals has initiated a Pre-feasibility Study for its Leliyn Graphite Project, partnering with Quinbrook to test graphite concentrate for battery anode applications. This marks a significant step toward developing a world-scale graphite operation in the Northern Territory.

Pilot Energy has secured a $1.52 million financing facility to fast-track its FY2025 R&D Tax Incentive refund, supporting its clean energy and gas exploration projects.

EV Resources has cleared a key technical review of its Tecomatlán processing plant in Mexico, setting the stage for near-term antimony concentrate production and pilot testing for its Los Lirios project.

Legacy Minerals Holdings has identified promising new silver targets at its Mt Carrington Project in NSW, securing approvals for an additional 3,500 metres of drilling to expand its substantial 115Moz silver equivalent resource.

Brazilian Rare Earths Limited’s scoping study confirms the Amargosa Bauxite-Gallium Project as a large-scale, capital-efficient direct-ship bauxite operation with robust economic returns and strategic market positioning.

VRX Silica Limited has expanded its Arrowsmith North project’s offtake commitments by 550,000 tonnes annually and appointed Pareto Securities to manage debt financing, reinforcing its path to production.