Latest Resource Development News

Krakatoa Resources has deployed a second drill rig at its Zopkhito antimony-gold project in Georgia, accelerating efforts to convert historical resource estimates into a JORC-compliant Mineral Resource.

New Murchison Gold Limited has officially commenced production at its Crown Prince Gold Mine ahead of schedule, marking its transition from explorer to gold producer. The company aims to ramp up to a 40,000 tonne monthly ore run rate by October 2025.

Beacon Minerals has reported robust assay results from its Stage 2 drilling at the Iguana Deposit, revealing multiple high-grade gold intersections and promising depth extensions in the Northwest Corridor.

Gorilla Gold has extended its Lakeview King Kong lode by 150 metres and discovered new mineralised structures at its Comet Vale Gold Project, signalling a growing camp-scale gold system in Western Australia.

Enova Mining reports significant expansion of near-surface high-grade titanium, rare earth elements, and niobium mineralisation at its CODA Central Project in Brazil, highlighting the project's growing potential as a multi-commodity critical minerals source.

Red Sky Energy has secured regulatory approval to build the KN2 well site at its Killanoola Oil Project, setting the stage for drilling a promising new target that could boost production and revenues.

Noronex Limited has confirmed deeper, higher-grade copper mineralisation at its Fiesta Project in Namibia through diamond drilling, setting the stage for a substantial 7,000m Reverse Circulation drilling campaign funded by South32.

Southern Cross Gold Consolidated Ltd reports exceptional high-grade gold and antimony drill results from its Sunday Creek project in Victoria, revealing significant mineralization extensions both laterally and at depth.

Torque Metals has reported a significant new gold discovery outside the current resource boundary at its Paris Gold Project, highlighting substantial exploration upside. Step-out drilling revealed a 25-metre intercept averaging 3.9 g/t gold, expanding the known mineralised system.

Galileo Mining has reported significant palladium, platinum, and gold assay results from aircore drilling at its Norseman project, defining a 10km continuous PGE anomaly at the Mission Sill prospect. The company is gearing up for follow-up reverse circulation drilling to test for deeper mineralisation.

Santana Minerals has reported new high-grade gold drill results from its Rise and Shine deposit, revealing significant extensions of the mineralised core beyond current mining plans. These findings could pave the way for resource upgrades and longer mine life.

Victory Metals has identified multiple ultra-high heavy rare earth oxide zones at its North Stanmore project, positioning it as a key future supplier amid soaring global prices. The company plans a major drilling campaign to expand these valuable zones while reducing processing volumes and costs.