Latest Resource Development News

Infini Resources has kicked off an extensive 5,000-meter diamond drilling campaign at its Portland Creek Uranium Project in Newfoundland, aiming to unlock a large hydrothermal uranium system revealed by recent geophysical surveys.

Yari Resources reveals multiple coal product pathways at its Arcadia Coal Project, including semi-soft coking, PCI, and high-energy thermal coal, supported by a 10% average in-situ ash and expanded technical data.

Clara Resources is set to kick off a maiden drilling campaign at its Mareeba Gold Project, marking the first drilling activity since the late 1980s. The program, fully funded by a $1.165 million placement, targets historic high-grade gold zones and aims to establish a maiden JORC Mineral Resource.

Mount Ridley Mines has secured an oversubscribed $2 million placement at $0.033 per share to fast-track technical work at its Grass Patch Project and advance the Selectro™ Process. Directors plan to add $100,000 more, pending shareholder approval.

Core Energy Minerals (ASX:CR3) has secured $3.025 million through a discounted share placement to fund drilling and resource definition at its Nova Uranium Project in Namibia’s Erongo province.

Koonenberry Gold has identified compelling drill-ready copper and gold targets at its Wilga Flats Project near Evolution Mining’s Cowal Gold Mine, with drilling set to begin after Dunedoo operations conclude.

Iltani Resources has reported strong assay results from its ongoing drilling at the Orient Silver-Indium Project, with multiple high-grade silver-lead-zinc-indium intercepts extending mineralisation beyond the current resource.

Everest Metals has appointed Hall Chadwick as exclusive strategic adviser to explore funding and commercial pathways for its Mt Edon rubidium project, focusing on US and allied market opportunities.

Carnaby Resources has made significant strides at its Greater Duchess Copper Gold Project, delivering a robust Pre-Feasibility Study and consolidating ownership, before agreeing to a $213 million acquisition by Evolution Mining offering shareholders a 60% premium.

Maronan Metals has marked a transformative year with a positive Preliminary Economic Assessment, grant of a key Mineral Development Licence, and two capital raises totaling nearly A$40 million, positioning the company for accelerated development of its Queensland silver-lead and copper-gold project.

Eclipse Metals' latest testwork confirms that up to 94% of neodymium and praseodymium are locked in identifiable REE minerals at Grønnedal, underpinning a promising beneficiation strategy ahead of flotation trials.

Noronex Limited has kicked off its first modern exploration program at the Sleitat Tin Project in Alaska, deploying detailed geophysical surveys and fieldwork to refine targets ahead of a planned 2027 drilling campaign.