Latest Resource Development News

Sarama Resources has completed the second tranche of its A$2.6 million equity placement, issuing new options to fund exploration at its Cosmo Gold Project and support arbitration efforts.

EV Resources has entered a binding agreement to sell its Khartoum Project to Koba Resources for $700,000 cash plus a royalty, marking a strategic pivot towards its antimony assets and US critical minerals ambitions.

Javelin Minerals is advancing its Eureka Gold Project with a targeted diamond drilling campaign and a $25 million mining contract with MEGA Resources, aiming for production by mid-2026.

Osmond Resources has successfully intersected a highly prospective mineralized layer in its first drill hole at the Orión EU Critical Minerals Project, advancing its critical minerals exploration in Spain. Assay results are expected by the end of October, with further drilling underway.

Renegade Exploration Limited has had its trading suspension lifted following an announcement on the status of its recently lodged mining claims, signaling renewed market activity.

Oakajee Corporation has initiated a 28-hole aircore drilling program at its Paynes Find Gold Project in Western Australia, aiming to build on promising gold anomalies identified earlier this year.

Caravel Minerals has taken a major step forward by securing a preliminary grid connection offer from Western Power, paving the way for reliable, low-cost power at its Caravel Copper Project.

American Uranium Limited confirms the start of phase one resource drilling at its Lo Herma uranium project in the U.S. this October, aiming to grow its mineral resource and support a 2026 scoping study update.

Saturn Metals has raised $45 million through a share placement to accelerate exploration and development at its Apollo Hill Gold Project in Western Australia, aiming for key feasibility milestones by 2026.

Dart Mining has kicked off diamond drilling at the Coonambula Antimony-Gold Project, intercepting visually high-grade stibnite mineralisation in its first hole. The company is also advancing a government-funded geophysical survey to pinpoint further targets.

Nova Minerals’ U.S. subsidiary has won a $43.4 million award from the U.S. Department of War to accelerate production of military-grade antimony trisulfide at its Alaska Estelle Project, aiming to strengthen domestic critical mineral supply.

Canterbury Resources advances deep diamond drilling at its Briggs Copper Project, intersecting consistent porphyry copper mineralisation and nearing completion of a pivotal scoping study.