Latest Resource Development News

FireFly Metals has doubled its Share Purchase Plan to A$10 million following overwhelming investor interest, boosting total funds raised to nearly A$247 million to accelerate drilling and studies at its Green Bay Copper-Gold Project.

Kingsland Minerals has initiated a Pre-feasibility Study for its Leliyn Graphite Project and commenced key metallurgical testing with offtake partner Quinbrook, aiming to produce battery-grade spherical graphite.

Li-FT Power has signed a definitive agreement to acquire Azimut Exploration's 50% interest in the Galinée lithium property, a key step enabling its planned acquisition of Winsome Resources. This deal strengthens Li-FT’s position in Quebec’s lithium sector ahead of upcoming shareholder votes.

West Wits Mining has been granted a new prospecting right adjacent to its existing mining operations in South Africa, enabling a strategic depth extension of the Qala Shallows Kimberley Reef. Geological modelling and resource reviews are underway to capitalise on the current gold price environment.

Tambourah Metals has confirmed and significantly upgraded gold assay results from its Beatty Park South drilling, highlighting a high-grade core within a 330m gold anomaly at its Bryah Gold Project in Western Australia.

Iltani Resources has reported robust assay results from diamond drilling at its Orient Silver-Indium Project, underpinning a significant bulk sample dispatch for metallurgical testing expected to complete by mid-2026.

Brightstar Resources has adjusted its November gold production at Laverton Mine down to 4,652 ounces due to processing inefficiencies but remains confident in restoring recovery rates above 90%.

Dart Mining NL reports encouraging 2024 diamond drilling results at its Rushworth project in Victoria, revealing multiple wide gold mineralised lodes at the Phoenix Reef prospect. The company plans to resume drilling in 2026, targeting new structural zones identified by recent interpretations.

Adavale Resources has announced a maiden JORC Inferred Mineral Resource of 115,000 ounces of gold at its London Victoria Mine, alongside completion of Phase 2 drilling and plans for further exploration to drive near-term production.

Elixir Energy has been granted a 15-year retention license over its entire ATP2044 permit in Queensland’s Taroom Trough, securing 1,362 BCFe of 2C Contingent Gas Resources confirmed by the Daydream-2 well.

Scorpion Minerals has executed a binding option agreement to acquire the Old Prospect tenements within its Pharos Gold Project, adding a JORC-compliant resource of over 21,600 ounces of gold. The acquisition consolidates tenure along a highly prospective 5km structural corridor in Western Australia’s Murchison region.

Kairos Minerals has reported compelling drill results from its Mt York Gold Project, highlighting significant gold intercepts that underpin an upcoming resource update scheduled for early 2026.