Latest Resource Development News

Adavale Resources has launched a technically advanced second phase drilling campaign at its London-Victoria Gold Mine, aiming to expand the gold resource beyond current estimates. Led by new Managing Director David Ward, the program builds on promising initial results and structural insights.

Zuleika Gold Limited has nearly doubled the mineral resource at its Credo Well Gold Project to 22,500 ounces, with mining lease applications underway and detailed mining studies planned for next year.

SolGold plc has unanimously rejected a non-binding acquisition proposal from Jiangxi Copper, triggering a notable share price rally that has significantly enhanced DGR Global’s valuation as a major SolGold shareholder.

OM Holdings has cleared major regulatory hurdles in the $101 million sale of its 26% stake in Ntsimbintle Mining, moving closer to closing the deal in early 2026.

OM Holdings has secured key regulatory and shareholder approvals for the sale of its 26% interest in Ntsimbintle Mining, moving the $101 million transaction closer to completion early next year.

FireFly Metals has successfully raised over C$30 million through a Canadian bought deal and approximately A$106.5 million via an Australian equity raise to fund key development and exploration at its Green Bay Copper-Gold Project in Newfoundland.

Jameson Resources has locked in a $3 million capital raise from strategic investor King George Investments to advance its Crown Mountain coal project in British Columbia. The placement, priced at a 16.7% discount, underscores growing confidence in the project’s regulatory progress and market potential.

NexGen Energy has reported its highest-grade uranium assay to date from the Patterson Corridor East at its Rook I Project, revealing exceptional mineralization that could redefine the project's potential.

Unico Silver Limited has reported strong high-grade silver and gold assay results from infill drilling at its Joaquin Project in Argentina, confirming mineralisation continuity and expansion. These results underpin the company’s ongoing feasibility study and resource upgrade plans.

VBX Limited has released assay results from 28 infill drilling holes at its Wuudagu CNN bauxite deposit, confirming consistency with previous resource estimates and aiming to boost confidence for inclusion in the upcoming definitive feasibility study.

Resolution Minerals Ltd reports compelling drill results from its Horse Heaven Project in Idaho, confirming a large, continuous gold system open along strike and at depth. The initial six diamond core holes reveal broad mineralisation over 600m, with further drilling underway.

Altair Minerals has kicked off trenching at its South Oko project ahead of schedule, with initial results confirming geological continuity with neighbouring gold deposits. The company is rapidly advancing towards drilling, supported by mechanised sampling and upcoming geophysical surveys.