Latest Resource Development News

Horseshoe Metals has secured mining approval for Direct Shipping Ore operations at its Horseshoe Lights project, complemented by promising drilling assays and strategic funding to accelerate development.

Resources & Energy Group Limited (REZ) has secured approval to expand gold vat leach production at its East Menzies Gold Project, transitioning from trial to commercial scale. The company also announced a maiden JORC 2012 Inferred Mineral Resource at Gigante Grande, underpinning future growth.

Evolution Energy Minerals has successfully raised A$1.75 million through a fully underwritten rights issue, accelerating its Chilalo Graphite Project timeline to first ore production by October 2027. The company is also advancing exploration at its Chikundo copper project while streamlining operations.

Manhattan Corporation has reported promising high-grade gold and polymetallic assay results from its Hook Lake Project in Nunavut, Canada, alongside a $2.2 million capital raise to fund upcoming exploration activities.

Challenger Gold Limited reported a solid cash position of A$27.7 million for Q3 2025, backed by strong financing activities and a funding runway exceeding five quarters. The company’s strategic financing arrangements underpin its ongoing exploration ambitions.

Infinity Mining’s latest quarterly report reveals promising high-grade gold assays at its Sir Walter Scott prospect in NSW and new exploration targets in Victoria, signaling renewed momentum in its Eastern Australian portfolio.

Battery Age Minerals has advanced its exploration with maiden drilling at Austria’s Bleiberg zinc-germanium project and secured approvals for gold-silver drilling in Argentina, while expanding its North American footprint with a new germanium-gallium asset in Utah.

Rumble Resources has launched a major drilling campaign at its Western Queen project to expand gold and tungsten resources, while advancing underground mining plans and securing $9 million in fresh capital.

Tolu Minerals has secured a $60.5 million capital raise and appointed Dr Chris Muller as CEO, setting the stage for a production restart at Tolukuma Gold Mine in the second half of 2026 alongside a major drilling program.

BMG Resources reports encouraging drill results and advances a scoping study at Abercromby, while Bullabulling drilling confirms multiple gold lodes and potential resource expansion. A recent $600,000 placement supports ongoing development.

Gateway Mining has completed its acquisition of the Yandal Gold Project, revealing promising high-grade gold results and securing $22.5 million to fuel extensive exploration and drilling programs.

Zuleika Gold advances its Plutonic Mine litigation with a trial delay to early 2026, while gearing up for exploration drilling and bolstering its finances with new funding.