Latest Resource Development News

American Uranium Limited has kicked off Phase 1 of its resource expansion drilling at the Lo Herma ISR uranium project in Wyoming, backed by a $4.5 million capital raise led by strategic investor Snow Lake Energy. The company aims to update its resource estimate early next year as it advances towards production.

GoldArc Resources has signed a Letter of Intent with Mineral Mining Services to jointly develop the Leonora South gold project, aiming to accelerate production with minimal capital outlay. The deal includes a drill-for-equity arrangement to preserve cash for exploration.

Tambourah Metals has reported significant gold, silver, copper, and notably high-grade antimony results from its Speewah North project, setting the stage for imminent drilling activities targeting critical minerals.

Kingfisher Mining secures shareholder approval for NSW tenement acquisition and accelerates exploration at Copper Blow and Mick Well REE projects, backed by a solid $2.35 million cash position.

Yari Minerals has increased its inferred coal resource at the Rolleston South project by 26% to 190 million tonnes and raised $1.5 million to fund an inaugural drilling campaign aimed at upgrading resource status and confirming metallurgical coal potential.

Black Canyon Limited has confirmed extensive, shallow high-grade manganese and iron mineralisation at its Wandanya Project, with significant strike lengths and widths that remain open for expansion. The company plans diamond drilling and metallurgical testwork to advance development.

Olympio Metals reports significant assay results extending gold mineralisation at the Decoeur Prospect to over 1.7km within its Bousquet Project in Quebec, revealing multiple feeder structures and promising targets for further drilling.

Great Western Exploration has identified a significant gravity anomaly at its Oval Copper-Gold Targets, suggesting a large Volcanic Hosted Massive Sulphide system akin to the nearby DeGrussa deposit, with drilling plans advancing alongside promising developments at Juggernaut and Lake Way.

Lion Rock Minerals has confirmed a major expansion of its mineralised footprint at the Minta Rutile and Monazite Projects in Cameroon, backed by significant funding rounds including a strategic partnership with Tronox Holdings. The company is well-positioned to accelerate exploration and resource definition into 2026.

Gullewa Limited reported significant progress in its South Darlot and British King projects, alongside a substantial royalty payment and a key board appointment in its latest quarterly update.

Red Sky Energy reports steady production and cash flow growth from its Innamincka and Killanoola projects, while securing a strategic 35% stake in Angola’s Block 6/24, marking a significant step in its international expansion.

Gibb River Diamonds has begun mining at its Edjudina Gold Project in Western Australia, stockpiling high-grade ore and securing a processing deal with Black Cat Syndicate. First cash proceeds are expected by early 2026, marking a pivotal step for the company.