Latest Resource Development News

Midas Minerals has reported robust assay results from its first diamond drill hole at the Deblin deposit within Namibia’s Otavi Copper Project, revealing two substantial zones of high-grade copper sulphide mineralisation. The company is ramping up drilling efforts with plans to expand its rig fleet and expects further assay results later this year.

Basin Energy has kicked off follow-up drilling at its Newmans rare earth discovery in northwest Queensland, aiming to confirm continuity along a 3.3 km mineralised corridor. Assay results are expected by mid to late September, marking the start of a busy second half of 2026 for the company.

Galileo Mining has delineated two new PGM target zones at its Mission Sill prospect and uncovered a fresh gold prospect at Callisto South within its Norseman project, setting the stage for expanded drilling campaigns.

Duketon Mining is ramping up exploration at its Barlee Gold Project with a 1,100-sample UltraFine+® soil program and a follow-up 2,500m RC drilling campaign targeting promising gold prospects.

West Cobar Metals is fast-tracking its scandium exploration at the Salazar Project in Western Australia, targeting higher-grade zones with aircore drilling planned for late 2026 alongside advancing metallurgical testwork.

Caspin Resources has revealed promising new exploration targets at its Bygoo Tin Project in NSW, alongside ongoing drilling at the Kelpie Deposit, pointing to significant district-scale discovery potential near the historic Ardlethan Mine.

Yari Resources (ASX: YAR) is set to double its Bowen Basin coal resource to over 500 million tonnes through a binding conditional acquisition of the Arcadia Coal Project, backed by a $2.2 million placement.

St Barbara Limited retracts previously released historical surface sample results after ASX consultation, while announcing a significant 64% increase in its Nova Scotia gold exploration budget to A$4.1 million for FY27, alongside a doubling of its exploration team and an ambitious drilling and survey program.

Patriot Resources has expanded its silver-gold footprint in southern Peru by staking the Tassa 5 tenement, increasing its landholding by 50% and pushing the mineralised corridor further south adjacent to its 31.4Moz AgEq inferred resource.

Krakatoa Resources has locked in $2.4 million through a strategic placement anchored by a $1.8 million investment from a Hong Kong private investor, funding the first 10% acquisition of the Zopkhito Antimony-Gold Project and accelerating its 2026 exploration program.

Aurum Resources has unveiled new high-grade gold intercepts from 36 diamond drill holes at its Boundiali Gold Project in Côte d'Ivoire, confirming mineralisation beyond current resource boundaries and underpinning further growth.

eMetals Limited has secured all necessary approvals to begin a 17-hole diamond core drilling program at its Mineral Range Tungsten Project in Utah, targeting high-grade tungsten mineralisation within a historically productive mining district.