Latest Project Updates News

Kalamazoo Resources has raised $8 million through an oversubscribed share placement, surpassing its initial $5 million target. The capital will accelerate drilling and feasibility studies at its Ashburton Gold Project and support a strategic tenement acquisition.

Variscan Mines has completed the second tranche of its $5 million placement, issuing over 1 billion shares at $0.004 each, with strong director participation and shareholder approval for options and a name change to Altoro Metals.

Future Metals NL has delivered a significant upgrade to its Panton PGM Project, reporting an 82.3 million tonne resource at 1.6 g/t platinum equivalent, underpinning a refreshed development plan.

Nexus Minerals has completed assay reporting for 33 reverse circulation drill holes at its Clement Prospect, delivering strong high-grade gold results and confirming the system remains open at depth. The findings underpin plans for a maiden Mineral Resource Estimate within the broader Wallbrook project update targeted for September.

PhosCo Ltd has received A$1.1 million from the European Bank for Reconstruction and Development and an additional A$0.6 million from early option exercises, strengthening its cash position ahead of a pivotal updated scoping study for its Gasaat Phosphate Project.

Altair Minerals (ASX: ALR) has identified a regionally extensive high-grade gold structure at North Peters and confirmed strong gold enrichment beneath surface soils at South Oko, setting the stage for imminent diamond drilling and expanded exploration in Guyana.

Canterbury Resources reaffirms its commitment to Central Queensland copper exploration by clarifying details of its acquisition of the Monto Project, highlighting the John Hill deposit’s significant inferred resource and plans for deep drilling in 2026.

Verity Resources has upgraded its Monument Gold Project with a maiden Indicated Mineral Resource of 66,200 ounces, lifting the total resource to 137,700 ounces and adding a new underground component.

Freehill Mining’s aggregates division hit a new monthly sales high of $427,766 in April, a 23% jump from March, driven by operational upgrades and nearing completion of a key crusher installation. This momentum underpins its strategy to fund copper project development in Chile.

Botala Energy Ltd has denied holding undisclosed information following a sharp share price rise, linking the spike to a recent Serowe CBM Project announcement and confirming compliance with ASX disclosure rules.

Green Technology Metals (ASX: GT1) secures A$11 million to complete feasibility studies and permitting for its Seymour Lithium Project, aiming for first ore in 2028 amid a recovering lithium market and strong Canadian support.

Emmerson Resources is set to be acquired by Pan African Resources for approximately A$311 million, offering shareholders a 36% premium. The company also advances a government-backed feasibility study for a shared processing facility and begins royalty revenue inflows.