Latest Resource Development News

Sunshine Metals reports significant progress in North Queensland with standout gold intersections at Sybil and a $5 million placement led by Lion Selection. Board reshuffle aligns leadership with growth strategy.

Far East Gold has announced a significant high-grade gold discovery at its North Bermol prospect in Indonesia, reinforcing the district-scale potential of the Idenburg project. Early drilling results reveal promising mineralisation similar to the main Bermol area, with further assays and drilling underway.

Heavy Rare Earths Limited has completed the acquisition of an 80% interest in the Prospect Hill Tin Project, South Australia’s most advanced tin asset, setting the stage for a swift maiden resource estimate.

Nelson Resources has submitted a Program of Work for an extensive drilling program at its Yarri Gold Project, with MEGA Resources set to fully fund operations up to $10 million. Drilling is expected to begin shortly after regulatory approval.

American Uranium Limited has kicked off Phase 1 of its resource expansion drilling at the Lo Herma ISR uranium project in Wyoming, backed by a $4.5 million capital raise led by strategic investor Snow Lake Energy. The company aims to update its resource estimate early next year as it advances towards production.

GoldArc Resources has signed a Letter of Intent with Mineral Mining Services to jointly develop the Leonora South gold project, aiming to accelerate production with minimal capital outlay. The deal includes a drill-for-equity arrangement to preserve cash for exploration.

Tambourah Metals has reported significant gold, silver, copper, and notably high-grade antimony results from its Speewah North project, setting the stage for imminent drilling activities targeting critical minerals.

Kingfisher Mining secures shareholder approval for NSW tenement acquisition and accelerates exploration at Copper Blow and Mick Well REE projects, backed by a solid $2.35 million cash position.

Yari Minerals has increased its inferred coal resource at the Rolleston South project by 26% to 190 million tonnes and raised $1.5 million to fund an inaugural drilling campaign aimed at upgrading resource status and confirming metallurgical coal potential.

Black Canyon Limited has confirmed extensive, shallow high-grade manganese and iron mineralisation at its Wandanya Project, with significant strike lengths and widths that remain open for expansion. The company plans diamond drilling and metallurgical testwork to advance development.

Olympio Metals reports significant assay results extending gold mineralisation at the Decoeur Prospect to over 1.7km within its Bousquet Project in Quebec, revealing multiple feeder structures and promising targets for further drilling.

Great Western Exploration has identified a significant gravity anomaly at its Oval Copper-Gold Targets, suggesting a large Volcanic Hosted Massive Sulphide system akin to the nearby DeGrussa deposit, with drilling plans advancing alongside promising developments at Juggernaut and Lake Way.