Latest Resource Definition News

Everest Metals has obtained a critical mining lease for its Revere Gold Project in WA, marking a major step from exploration to development with a 260,780-ounce maiden resource and ongoing approvals.

Resources & Energy Group Limited (ASX:REZ) has formalised a joint venture with Rembrandt Mining to commence gold production at its Maranoa deposit, with Rembrandt funding all capital expenditure and REZ retaining full ownership and legal operator status.

GBM Resources has reported significant extensions and grade improvements at its Twin Hills Gold Project, with Stage 2 drilling revealing mineralisation beyond the existing 1.0Moz resource and identifying over 20 new exploration targets.

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.

Connected Minerals is set to acquire Frontier Group, gaining control of an 80% stake in the high-grade Bailundo carbonatite project in Angola, backed by a $4.5 million capital raise and planned drilling.

Lion Rock Minerals has launched a significant drilling campaign targeting a large monazite-rich rare earth system at its Minta Est tenement, complementing its expanding rutile discoveries. The 118-hole program aims to validate high-grade shallow mineralisation with assay results expected in August 2026.

Marmota Limited has pushed its Greenewood gold project drilling beyond 20,000 metres in just three months, significantly extending high-grade mineralisation and advancing its maiden scoping study.

Rumble Resources has uncovered high-grade gold and copper mineralisation at its Munarra Gully project after revisiting historical data, with a standout 13m intercept averaging 21.64 g/t gold including a blistering 1m at 221 g/t.

Gateway Mining has kicked off reverse circulation drilling at its Yandal Gold Project, targeting major mineralised footprints identified by extensive aircore drilling. The company is deploying multiple rigs to rapidly delineate high-potential zones ahead of resource definition.

MGX Resources is accelerating development at its Central Tanami gold project with underground exploration and resource drilling, while monetising Koolan Island through a $20.2 million sale plus future revenue share, bolstering its cash reserves.

Gold Mountain’s latest metallurgical tests from its Capivara Prospect in Brazil reveal promising ionic adsorption clay rare earth mineralisation, with extraction rates nearing 66%. New targets at Irajuba add to the project’s expanding footprint.

Resolution Minerals has earned FAST-41 transparency status for its Golden Gate Project in Idaho, marking its second such designation and positioning the company as a key player in U.S. critical minerals supply chain development.