Latest Project Economics News

Mount Ridley Mines reports a maiden inferred gallium resource of 838.7 million tonnes at its Mt Ridley Project, marking a significant step in Australia's critical minerals landscape amid global supply chain shifts.

Podium Minerals has successfully raised A$7 million through an oversubscribed entitlement offer, strengthening its cash position to advance the Parks Reef PGM Project. The capital raise follows a prior A$5 million placement, bringing total equity raised to A$12 million.

Nelson Resources has submitted a Program of Work for an extensive drilling program at its Yarri Gold Project, with MEGA Resources set to fully fund operations up to $10 million. Drilling is expected to begin shortly after regulatory approval.

Black Rock Mining has secured A$14 million through a placement and oversubscribed share purchase plan to kickstart early construction at its Mahenge Graphite Project in Tanzania, backed by strong government and industry support.

Marmota Limited has initiated detailed mine planning for its Gawler Gold project, focusing on the high-potential Aurora Tank deposit. This marks a key step towards unlocking low-cost gold production in South Australia.

Boab Metals has secured key environmental approvals and launched a $50 million capital raise to advance its Sorby Hills Lead-Silver-Zinc Project, marking a pivotal step toward production.

Black Canyon Limited has confirmed extensive, shallow high-grade manganese and iron mineralisation at its Wandanya Project, with significant strike lengths and widths that remain open for expansion. The company plans diamond drilling and metallurgical testwork to advance development.

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.

Red Sky Energy has officially begun drilling at its Killanoola-2 well in South Australia, marking a significant step in advancing its oil project with promising resource potential and commercial partnerships.

Investigator Resources advances its Paris Silver Project with key design optimizations and a $10 million capital raise, while divesting non-core assets to sharpen its silver focus.

Dateline Resources advances its Colosseum Gold-REE Project with 67% of BFS drilling complete and prepares to test promising new gold and rare earth targets.

Tungsten Mining NL has identified new gold exploration targets at Mt Mulgine, complementing its significant tungsten resource and expanding the project's potential. These targets, alongside recent resource estimates, could reshape the development strategy for this Western Australian asset.