Latest Resource Development News

Somerset Minerals (ASX – SMM) is advancing its Coppermine Project in Canada with promising maiden drill results and a $4 million placement to fund expanded exploration.

Somerset Minerals has raised $4 million to fund an aggressive Phase Two exploration campaign at its Coppermine copper project in Nunavut, aiming to build on strong initial drilling results and unlock multiple new discoveries across a vast landholding.

Advance Metals Limited has reported strong assay results from its maiden diamond drilling program at the Yoquivo Silver-Gold Project in Mexico, revealing high-grade silver-gold mineralisation extending 60-70 metres deeper in the Pertenencia Vein. These findings pave the way for potential resource upgrades.

Laramide Resources has made significant progress in advancing its uranium projects across the US, Australia, and Kazakhstan, highlighted by key permitting milestones under the US FAST-41 framework and a successful $12 million private placement to fund development.

Warriedar Resources has revealed promising assay results from recent drilling at its Windinne Well deposit, confirming significant high-grade gold mineralisation at depth and reinforcing growth potential within its Golden Range Project.

Freehill Mining reports promising copper and gold assay results from its El Dorado project in Chile, alongside progress in commissioning its second aggregates site.

Trigg Minerals has reported exceptional high-grade antimony assay results from its maiden exploration at the Antimony Canyon Project in Utah, revealing multiple mineralised zones with grades far exceeding historical data. These findings validate and potentially expand the project's resource potential.

MinRex Resources’ recent drilling at the Fraser Range Project in Western Australia reveals promising rare earth and titanium mineralisation, despite no copper-gold discoveries. The company now faces a pivotal decision on advancing its stake in the project.

Catalyst Metals reports significant drilling intercepts outside the current Trident Gold Project resource, hinting at further resource growth and supporting its ambition to double reserves on the Plutonic Gold Belt.

Alkane Resources has reported promising gold intersections near its Tomingley Gold Operations, with standout results at the El Paso prospect and along the Tomingley Structure. These findings underpin plans for further drilling and resource growth.

WIN Metals has identified a significant 500-metre gold mineralisation trend at its Ruby Queen North prospect within the Butchers Creek Gold Project, advancing its pipeline of drill-ready targets. Rock chip samples returned grades up to 5.16g/t gold, reinforcing the project's exploration potential.

Tamboran Resources has achieved a landmark agreement with Native Title Holders and the Northern Land Council, enabling the sale of appraisal gas from the Beetaloo Basin. This paves the way for first gas delivery from the Shenandoah South Pilot Project by mid-2026, supporting Northern Territory energy security.