Latest Resource Development News

WA1 Resources has reported a significant milestone in its Luni Niobium Project with successful proof-of-concept niobium oxide refining testwork yielding a premium 96.8% Nb2O5 sample. The company also secured $100 million in a recent placement, bolstering its cash reserves to approximately $155 million.

Deep Yellow Limited has reported promising uranium mineralisation results from its recent drilling campaign at the Tinkas prospect in Namibia, adjacent to its flagship Tumas Project. The findings reveal thick mineralised zones that could enhance the company’s resource base.

James Bay Minerals reports promising high-grade gold-silver drill results at its Independence Gold Project in Nevada and announces a strategic acquisition of the Shafter Silver Project in Texas, backed by a $30 million capital raise.

Meeka Metals reports exceptional underground gold grades exceeding 100 g/t at its Andy Well mine, accelerating development and production at the Murchison Gold Project.

Carnarvon Energy has made a significant A$86 million investment in Strike Energy, becoming its largest shareholder and gaining exposure to Western Australia’s growing gas market, while deferring Bedout drilling to early 2027 due to rig shortages.

Metals Australia Limited has reported a 3.3-fold increase in its Lac Carheil Graphite project resource, now totaling 50 million tonnes at 10.2% graphite content, while progressing key studies for a battery anode material plant in Quebec.

Lord Resources has completed its first drilling campaign at the Ilgarari Copper Project, identified promising geophysical targets, and bolstered its finances through successful capital raises amid key leadership changes.

Industrial Minerals Ltd has announced a maiden inferred mineral resource estimate of 6.2 million tonnes at 98% silica for its Pippingarra Quarry Project, alongside successful testwork and a 12-month option extension.

Haranga Resources has completed its acquisition of the Lincoln Gold Project in California and reported high-grade gold results from its Senegal project, backed by a $14 million capital raise to fast-track exploration and development.

MinRex Resources reports promising rare earth element and titanium dioxide results from its maiden drilling at the Fraser Range Project, while extending its option to acquire a 50% stake until January 2026.

Aureka Limited’s recent drilling at the St Arnaud Comstock Project has revealed multiple visible gold occurrences, hinting at potential expansion of its current gold resource. Assay results are pending, but the findings could pave the way for increased resource estimates and future production.

Stelar Metals is actively negotiating new project acquisitions across critical minerals while implementing cost-cutting measures to safeguard its cash position of $2.3 million at the end of September 2025.