Latest Resource Development News

Australasian Metals has identified a significant silicified breccia zone linked to strong geophysical anomalies at its May Queen Gold Project, prompting plans for a substantial drilling campaign.

AIC Mines has successfully raised over $14 million through a Share Purchase Plan, exceeding its $10 million target, to fund expansions at its Eloise processing plant and the Jericho copper mine development.

DeSoto Resources has secured a new reconnaissance permit for the Syncerus Gold Project in Guinea’s prolific Siguiri Basin, significantly expanding its exploration ground to over 1,000 square kilometres. The company is poised to accelerate fieldwork, leveraging a proven mineral systems approach to target multi-million-ounce gold deposits.

Everest Metals Corporation’s initial drilling at Mt Dimer Taipan confirms promising gold and silver mineralisation, with resource expansion potential and mining approvals expected soon.

Golden Cross Resources has progressed exploration at its flagship Copper Hill project with extensive geochemical sampling and tenement renewals, while navigating ASX suspension and seeking partnerships to unlock value.

EMU NL has advanced its Yataga Copper Project to drill-ready status with a maiden drilling campaign planned, while assessing monetization options for its Badja Gold Project amid ongoing corporate governance and privacy issues.

Infini Resources has announced a Phase 2 diamond drilling program at its flagship Portland Creek Uranium Project, alongside significant airborne survey results from Saskatchewan projects and the appointment of a seasoned mining executive as CEO.

Koba Resources has secured all necessary permits and raised $600,000 to launch a 3,000-metre drilling campaign targeting high-grade uranium extensions at its Yarramba Project in South Australia, following promising early 2025 discoveries.

Redcastle Resources has reported a substantial 280% increase in its gold Mineral Resource Estimates at its Queen Alexandra and Redcastle Reef deposits, reaching a combined 42,000 ounces. The company also signed a strategic MoU with Terra Mining to accelerate mining operations with a low capital expenditure model.

Pearl Gull Iron Limited reported limited exploration activity on Cockatoo Island during the June 2025 quarter, focusing on environmental compliance and native title negotiations, while securing a $500,000 unsecured loan facility to support ongoing operations.

Matsa Resources has commenced mining at its Devon Pit Gold Mine with first ore processing slated for September 2025, while also receiving a significant $5.7 million deposit from AngloGold Ashanti under a $101 million tenement option agreement.

BMG Resources reports strong assay results from Abercromby’s Phase 1 drilling, confirming high-grade gold mineralisation and broad alteration zones, while initiating a new drilling campaign at Bullabulling targeting near-surface gold.