Latest Resource Development News

Galileo Mining has identified a previously unrecognised mineralised ultramafic sill beneath its Callisto Resource, boosting the prospectivity of its Norseman PGM project and kicking off a 5,000-metre aircore drilling program targeting multiple high-priority sulphide zones.

True North Copper’s latest diamond drilling at Mt Oxide validates the Aquila discovery as a broad, continuous copper-cobalt-silver system with well-defined higher-grade zones, extending mineralisation over 1.8km strike and reinforcing its standalone development potential.

Auric Mining has kicked off an extensive drilling program at its Munda Gold Mine, aiming to extend resources and advance mine development following a recent 32% resource increase and encouraging Scoping Study results.

Catalina Resources is set to begin a 2,400m reverse circulation drilling campaign at its Breakaway Dam Copper Project, aiming to test high-priority electromagnetic targets and extend known copper mineralisation over an expanded strike length.

Great Dirt Resources has sharpened its lithium exploration focus in the Pilbara while confirming high-grade manganese assays in NSW, maintaining a robust cash position to fund its growth plans.

Xenora Minerals has identified fresh lithium anomalies in its Dudley Lithium Project on Kangaroo Island, with plans to drill later this year. The company also maintains a solid cash position of A$2.17 million while advancing Canadian projects.

Carnarvon Energy has contracted the Transocean Equinox rig for a multi-well drilling campaign in the Bedout Sub-basin starting April 2027, following a 92% increase in prospective resources from its seismic MegaMerge project. The company maintains a robust cash position of A$98 million with no debt, underpinning its exploration and development ambitions.

Black Canyon Limited’s June quarter report highlights robust drilling results and beneficiation success at Wandanya, supported by a $265K WA government grant and a solid $7.8 million cash position.

GWR Group Limited has progressed its Prospect Ridge Magnesite Project with a detailed technical review and fieldwork, while maintaining a solid cash reserve of $37 million and a $41 million stake in Tungsten Mining NL. The company continues to manage the transfer of Wiluna tenements to Gold Valley amid outstanding state royalties and a payment plan agreement.

Midas Minerals has delivered standout high-grade copper and silver drill results at Namibia’s Otavi Project, powering a $28 million capital raise and setting the stage for resource upgrades and expanded exploration.

Nex Metals Explorations reports metallurgical test results confirming ~1 g/t gold grades at its Kookynie Tailings Project, alongside the unexpected identification of scheelite, a tungsten mineral, as a potential byproduct.

Reward Minerals (ASX:RWD) reported strong gold and copper assay results from its Mountain Pond Project in Newfoundland, with preparations underway for maiden drilling in the September quarter. The company also advanced its potash processing technology and ongoing discussions for the Beyondie Potash Plant in Western Australia.