Latest Resource Development News

Black Canyon Limited has reported robust assay results from its Wandanya Project in Western Australia, confirming shallow, high-grade manganese and iron mineralisation. The company is on track to deliver a maiden Mineral Resource Estimate by September 2026, with further drilling planned to expand the 9km mineralised system.

Antipa Minerals has uncovered extensive gold-copper-lead-silver mineralisation over 500 metres at Tim’s Dome, directly above a large untested electromagnetic conductor, positioning it as a priority target for imminent diamond drilling.

Raptor Metals has confirmed a significant stacked copper-rich VMS system at its Chester Project through maiden drilling, while expanding its footprint with key acquisitions in the Bathurst Mining Camp.

Austral Resources reported a standout high-grade copper-gold discovery at Snow Queen, secured a new SAG mill for Rocklands upgrades, and gained full ownership of Anthill copper production following agreement termination.

Tolu Minerals has delivered its most intensive drilling campaign at Tolukuma, uncovering two new high-grade gold veins and maintaining a strong cash position as it targets first production by early 2027.

Arika Resources has locked in strong assay results extending gold mineralisation at Yundamindra and commenced drilling at Kookynie, backed by full project ownership and a $6.55 million placement.

Lode Resources (ASX:LDR) delivered a maiden JORC Mineral Resource Estimate at Montezuma, revealing 8.2Moz AgEq of high-grade silver-antimony, alongside a new silver-zinc mineralisation system that broadens exploration potential.

CZR Resources has launched a recommended takeover bid for Zuleika Gold, backed by a robust $65 million cash position and promising drilling results at its Croydon Gold Project.

American West Metals (ASX: AW1) reported significant exploration breakthroughs at its West Desert Project in Utah and ongoing Pre-Feasibility Study progress at the Storm Copper Project in Nunavut, backed by a $10 million capital raise.

Moonlight Resources has significantly extended the Leo Grande gold system at its Clermont Project, with Phase 2 drilling pushing mineralisation 200 metres southeast and 250 metres northwest. The company holds a solid A$6.1 million cash balance as it advances towards a maiden resource estimate.

Waratah Minerals expanded its Spur Gold Project drilling with 12 rigs, confirming extensive high-grade gold zones and consolidating the district through strategic acquisitions. A $48 million capital raise underpins ongoing exploration.

Rapid Critical Metals has kicked off drilling at its Webbs Silver Project, expanded its NSW footprint with the Tooloom acquisition, and secured a key permit for gallium-germanium drilling in Canada, while metallurgical tests at Webbs and Consol show promising recoveries.