Latest Project Development News

Toubani Resources is poised to begin construction on its Kobada Gold Project in Mali after securing key environmental approvals and a substantial financing package. The company is advancing rapidly towards becoming a major gold producer in Africa.

Magnetic Resources NL has upgraded its Lady Julie Gold Project resource to 2.24 million ounces, with over 80% now in the Indicated category, positioning the company closer to development readiness. The LJN4 deposit remains a standout as one of Western Australia’s largest and highest-grade undeveloped open pit gold deposits.

Juno Minerals has finalised the sale of its Mount Mason DSO Hematite Project for A$6 million plus royalties, while advancing exploration at its flagship Mount Ida Magnetite Project with promising gold assay results and planned drilling.

Anax Metals Limited has secured a strategic $2.4 million placement and a $3.5 million loan, reinforcing its development plans for the Whim Creek Project in Western Australia's Pilbara region. The company is progressing its feasibility study update, due in March 2026, while advancing partnerships and funding strategies.

VBX Limited’s latest metallurgical optimisation for the Wuudagu bauxite project reveals significant improvements in product recovery and quality, paving the way for increased production capacity and reduced operational costs.

Tungsten Mining has successfully raised $53 million through a heavily oversubscribed placement, positioning itself to advance its critical tungsten projects amid rising commodity prices.

Energy Transition Minerals Ltd (ETM) reported key progress in its December 2025 quarter, including legal developments for its Greenland rare earth project, advancing a strategic mine acquisition in Spain, and moves toward a US Nasdaq listing.

RareX Limited has successfully raised A$5 million through a share placement, bolstering its exploration and development efforts across key rare earth and critical mineral projects.

Canyon Resources advances steadily on its Minim Martap Bauxite Project with mining operations set to begin in February 2026 and a strong equity raise underpinning development.

Iltani Resources has announced a maiden JORC Mineral Resource Estimate for its Orient East Silver-Indium deposit, alongside a significant $8 million investment from Queensland Investment Corporation’s Critical Minerals Fund to accelerate project development.

Heavy Minerals Limited has formalised a binding agreement with Hillgrove Resources to develop a pioneering garnet extraction project at the Kanmantoo Copper Mine, aiming to start production in late 2026.

Axel REE Limited’s latest metallurgical tests have doubled gallium extraction rates at its Caladão Project and revealed the first evidence of scandium co-recovery, signalling a promising new revenue stream.