Latest Resource Development News

Canadian Phosphate (ASX: CP8) has kicked off a 3,000-metre drilling campaign at its Wapiti Phosphate Project in British Columbia, aiming for a Mineral Resource Estimate by late 2026 that will support both traditional fertilizer and advanced battery material markets.

Minerals Exploration Limited has completed its first phase of diamond drilling at the historic Jubilee Gold Mine within the Waitekauri Gold Project, confirming multiple quartz-mineralised zones and exceptional high-grade rock chip assays. Exploration continues with promising results at the Invincible Gold and Glenorchy Tungsten projects.

Valiant Gold has made significant progress toward restarting its Comet mine with dewatering underway and technical studies advancing, while maiden drilling at Reedy reveals gold mineralisation extending over 400 metres below the existing resource.

Evolution Mining (ASX: EVN) is set to acquire Carnaby Resources (ASX: CNB) in a $213 million deal that expands its copper production pipeline near Ernest Henry, leveraging existing infrastructure and latent mill capacity.

Gateway Mining has expanded its Cowza gold discovery in Western Australia to 3.5 kilometres of continuous high-grade mineralisation, reinforcing the prospect’s potential as a major new gold system within the Yandal Project.

Medallion Metals has reported significant high-grade drilling results extending the Gem deposit at its Kundip Mining Centre, reinforcing growth potential and supporting the early mine plan at the Ravensthorpe Gold Project.

Advance Metals has delivered promising maiden drilling results at its Gavilanes Silver Project in Mexico and moved toward full ownership of its Victorian gold projects, supported by strong gold recoveries and high-grade assays.

Enova Mining has launched a major 198-hole auger drilling campaign at its Naked Hill Project in Brazil, aiming to map the extent of high-grade ionic adsorption clay rare earth mineralisation. Early results confirm strong recoveries of critical rare earths, underpinning the project's development potential.

GoldArc Resources has discovered two major gold mineralisation corridors exceeding 600 metres at its Yttria prospect, expanding beyond its existing rare earth element resource and setting the stage for follow-up drilling.

Kingfisher Mining has completed extensive drilling at its Broken Hill Project, delivering high-grade copper-gold assays that push the Copper Blow project closer to a maiden resource estimate while progressing a strategic partnership with Broken Hill Mines.

Encounter Resources has pinpointed a 1.2-kilometre copper-gold target zone at its Elsa prospect in WA’s Paterson Province, following a 10,000m RC drilling program that intersected broad, shallow mineralisation coinciding with extensive weathering and potential deeper sulphide zones.

Talisman Mining’s recent aircore drilling has revealed broad, shallow gold mineralisation over an 800m strike at Sheepyard, NSW, aligned with a sizeable untested IP anomaly. Follow-up drilling is planned to explore this emerging large-scale gold system further.