Latest Resource Development News

Unico Silver Limited has raised $40 million through a placement to boost drilling and feasibility studies at its Joaquin project, with a share purchase plan also underway for retail investors.

Advance Metals has confirmed exceptional high-grade gold mineralisation extending 140 metres deeper than previously known at its Happy Valley deposit, accelerating exploration with fresh funding and a second drill rig.

Red Sky Energy has brought its Yarrow 1 well online at the Innamincka Dome Project, with initial gas production rates exceeding expectations and commencing earlier than planned. This development is set to significantly boost the company’s near-term cash flow and production profile.

Southern Cross Gold Consolidated Ltd has reported exceptional high-grade drill results from its Golden Dyke prospect, confirming a robust gold-antimony system within the Sunday Creek Project. The standout intercept includes 9.2 meters at 34.6 g/t gold equivalent, highlighting significant resource expansion potential.

Rimfire Pacific Mining has initiated an infill air core drilling program at its Murga Exploration Target in NSW’s Fifield District, aiming to advance its scandium resource potential with results expected in early 2026.

Power Minerals has partnered with Australian tech firm Gega Elements to develop a gallium extraction process from its Santa Anna Project in Brazil, aiming to establish a vertically integrated supply chain amid rising global demand and supply risks.

Santana Minerals has expanded the high-grade gold footprint at its Rise and Shine deposit, delivering strong drill results featuring visible coarse gold that reinforce the deposit’s underground mining potential.

Ballard Mining reports strong progress on its Phase 1 infill drilling at the Baldock gold deposit, confirming high-grade gold intersections and advancing towards a maiden Ore Reserve by mid-2026.

True North Copper has announced a major breakthrough at its Mt Oxide Project, hitting a standout 7 meters at 7.9% copper at the Aquila Prospect, extending the mineralised strike to over 700 meters and confirming a robust copper-cobalt-silver system.

Resolute Mining has announced an initial Mineral Resource Estimate at its La Debo Project in Côte d’Ivoire, revealing 643,000 ounces of contained gold, 60% higher than previous figures. This milestone underscores the company's growing footprint in West Africa and sets the stage for further exploration and development.

Podium Minerals has kicked off a comprehensive drilling campaign at its Parks Reef Platinum Group Metals Project, aiming to advance metallurgical testing and deepen resource insights. This move supports the company’s innovative Concentrator flowsheet development amid a tightening global PGM market.

Magmatic Resources has launched a $3.5 million exploration drilling program at its Myall FJVA Project in partnership with Fortescue, targeting promising gold-copper porphyry deposits. The program includes both aircore and diamond drilling, alongside a geophysical survey, with initial results expected in early 2026.