Latest Resource Definition News

Mineral Resources Limited reports steady progress in Q2 FY25, maintaining full-year guidance while advancing Onslow Iron towards full capacity and securing significant liquidity through strategic asset sales.

Encounter Resources has reported significant drilling progress at its Aileron Niobium-REE-Copper Project, completing over 50,000 metres in 2024 and uncovering extensive high-grade niobium mineralisation. The company also strengthened its balance sheet with a $15 million share placement, positioning itself for accelerated resource development.

Legacy Iron Ore Limited reports robust progress in its December 2024 quarter, highlighted by significant gold intersections at Mount Celia and advancing feasibility studies at Mount Bevan magnetite project.

Bannerman Energy reported a substantial $14.17 million cash outflow in its December quarter, driven by aggressive exploration and evaluation investments, leaving the company with $81.1 million in cash reserves.

Helix Resources has secured a $500,000 investment from Acta Investment Group, simplifying a proportional takeover and appointing Michael Povey as Executive Chair. Meanwhile, promising copper and gold exploration results from the Cobar region signal potential value creation for shareholders.

Labyrinth Resources has reported robust progress in its December 2024 quarter, highlighted by promising high-grade gold drilling results at Comet Vale, strategic acquisitions consolidating its portfolio, and a well-supported $19.5 million capital raise to fund expansion.

Truscott Mining Corporation is gearing up for an expanded drilling program at its Tennant Creek gold projects, leveraging a robust gold price environment and fresh capital to advance exploration and resource definition.

Australian Mines Limited reports a substantial increase in scandium mineral resources at its Flemington project and progresses its maiden drilling programs in Brazil, positioning itself for growth amid challenging nickel and cobalt markets.

Mont Royal Resources Limited reported a stable cash position of $1.75 million at the end of December 2024, despite significant outflows on exploration activities during the quarter.

Southern Cross Gold Consolidated Ltd. reported a significantly reduced net loss of $2.41 million for Q2 2024, down from $43.69 million a year earlier, as it sharpens focus on its Australian gold projects following a major corporate restructuring.

Surefire Resources NL has announced a significant extension of gold mineralisation at its Yidby Gold Project, now exceeding 500 metres in strike length. The company’s recent drilling and metallurgical test work support plans for a low-cost heap leach operation.

Connected Minerals Ltd has secured a key Exclusive Prospecting Licence in Namibia’s prolific uranium region, initiating immediate exploration activities that could expand its resource footprint.