Latest Resource Development News

CZR Resources has secured shareholder and regulatory approval to sell its Robe Mesa iron ore project for A$75 million, positioning the company to focus on promising gold and base metal exploration in Western Australia.

Sunshine Metals reported significant progress in north Queensland with high-grade gold intersections at Liontown and Sybil, alongside a $1.225 million acquisition and government grants to accelerate exploration.

Turaco Gold has reported a significant 40% increase in its Afema Project gold resource to 3.55 million ounces, alongside promising high-grade drilling results and a robust $60 million capital raise to fund ongoing development.

Oakajee Corporation has progressed its gold exploration efforts at the Paynes Find project in Western Australia, preparing for drilling in the September quarter while maintaining a solid financial position.

Red Mountain Mining reports promising high-grade antimony and gold mineralisation at its Armidale project, alongside advancing exploration in Canada and Australia, supported by recent capital raises.

EverGreen Lithium Limited has acquired the Leonora Goldfields Project, adding a JORC-compliant inferred gold resource of 63,000 ounces and setting the stage for a targeted drilling campaign to expand and upgrade this resource.

Golden Mile Resources has completed its first Reverse Circulation drilling campaign at the Pearl Copper Project in Arizona, revealing significant copper, lead, zinc, and silver mineralisation. Meanwhile, drilling continues at its Leonora Gold JV with assay results pending.

Western Mines Group has announced a landmark Mineral Resource Estimate for its Mulga Tank project, defining Australia’s largest nickel sulphide deposit with over 5.3 million tonnes of contained nickel. The company has secured government grants and raised capital to accelerate drilling and metallurgical testing.

White Cliff Minerals has expanded its Rae Copper Project in Nunavut, Canada, deploying a second drilling rig and uncovering new copper-rich mineralisation zones near the Danvers deposit. Initial assay results and geophysical survey data are expected soon, potentially reshaping the project's resource outlook.

Australian Gold and Copper Ltd has expanded its South Cobar footprint to 1,400 km² through a key tenement acquisition and completed its largest drilling campaign yet, uncovering promising gold-silver trends that could reshape the district’s mineral potential.

Albion Resources has agreed to sell its Mongers Lake Project to Capricorn Metals for an upfront A$1.5 million, with additional milestone payments tied to resource and mining developments. This deal allows Albion to sharpen its focus on its high-grade Yandal West Gold Project.

Kairos Minerals has intensified its drilling campaign at the Mt York Gold Project, delivering encouraging high-grade gold results that bolster resource growth prospects. Concurrently, the company advances key mining and mineral rights agreements vital for project development.