Latest Resource Development News

Magmatic Resources has launched its Phase 2 drilling campaign at the promising Weebo Gold Project in Western Australia, building on encouraging Phase 1 results that revealed high-grade gold mineralisation.

Eagle Mountain Mining has secured a 12-month exclusive option to acquire the Oracle Ridge copper mine’s surface and mineral rights, positioning the company to potentially restart production on a resource containing 380,000 tons of copper.

Stavely Minerals reports promising new gold anomalies at its Fairview South prospect in western Victoria, setting the stage for imminent drilling to test extensions of high-grade mineralisation.

Peel Mining Limited reveals a robust high-grade resource base and ongoing exploration in the Cobar Basin, positioning itself for growth amid a dynamic regional mining landscape.

Austral Resources Australia Ltd has successfully completed a $40 million capital raise and is reinstated to ASX trading, positioning itself as a mid-tier copper producer with a dual-hub operation in Queensland.

Koonenberry Gold has mobilised a second drill rig at its Enmore Gold Project in NSW, aiming to accelerate exploration along a promising 2km shear zone. Backed by strong funding, the company targets significant gold discoveries with a major follow-up drilling program underway.

Petratherm Limited reports robust metallurgical results from its Rosewood Titanium Heavy Mineral Sands Project, highlighting high-quality heavy mineral concentrates and promising recoveries that reinforce the project’s potential.

Great Dirt Resources has reported rock chip assays revealing manganese grades up to 51.8% at its Basin and Neranghi projects in NSW, underpinning a promising new deposit model and advanced geophysical research.

TMK Energy Limited has reported record-breaking gas production at its Gurvantes XXXV Coal Seam Gas Project in October 2025, with output continuing to rise into November. The company also appointed a new Operations Superintendent to drive operational efficiencies and explore power generation opportunities.

Infinity Mining has raised A$1 million through a discounted placement to accelerate exploration in Victoria and advance its innovative mineral extraction partnership at the Cangai Project.

Verity Resources has completed seven diamond drill holes at its Monument Gold Project, intersecting key mineralised formations beyond the current resource boundary and advancing its Phase 2 drilling program aimed at expanding gold resources.

Mont Royal Resources has re-listed on the ASX following a merger with Commerce Resources, bringing the Ashram Rare Earth and Fluorspar Deposit in Québec to the forefront of North American critical minerals development.