Latest Resource Development News

ADX Energy has released an updated assessment of its Welchau well in Austria, revealing a significant increase in prospective gas-condensate and light oil resources. The 2024 drilling results highlight promising reservoir conditions and pave the way for further appraisal.

Locksley Resources has reported strong surface assay results from its Desert Antimony Mine in California, confirming continuity of high-grade antimony mineralisation and supporting ongoing drilling efforts.

Breakthrough Minerals has announced a focused drilling campaign at its Barbara Copper-Gold Project in Queensland, aiming to expand its substantial copper-gold resource within the broader Queensland Copper-Gold Project portfolio.

Carnaby Resources has reported a standout drill result of 18 metres at 5.0% copper equivalent at its Trek 2 prospect, signalling significant growth potential beyond current resource estimates at the Greater Duchess Copper Gold Project.

Victory Metals has reported a breakthrough flotation test achieving a 48-fold upgrade in rare earth concentration at its North Stanmore project, setting the stage for a lower-cost, faster path to market.

Castle Minerals has significantly expanded its Western Australian gold footprint by acquiring Meekasan Pty Ltd, boosting its contiguous landholding in the Meekatharra district to 184km². The move is complemented by key board changes aimed at accelerating growth.

Omega Oil and Gas has locked in Helmerich & Payne’s FlexRig® 648 to power an expanded 2026/27 drilling campaign in Queensland’s Taroom Trough, aiming to unlock a vast unconventional oil and gas resource.

Iceni Gold has identified a high-priority gold target at Goose Well within its 14 Mile Well Project, confirming significant mineralisation through historic drill resampling. A 23-hole reverse circulation drilling campaign is set to begin in late March 2026 to test the system's potential.

GoldArc Resources has confirmed new high-grade gold mineralisation at its Leonora South project, with standout assay results from maiden drilling at Woodpecker, Whistler, and Niagara West. The company is gearing up for extensive follow-up drilling to expand these promising discoveries.

Yari Minerals has validated the high quality of coal at its Rolleston South project, revealing low ash and sulphur levels that promise strong market appeal and underpin a substantial resource base.

West Coast Silver is set to commence a 4,000m Reverse Circulation drilling program at its Elizabeth Hill Silver Project, aiming to expand high-grade silver mineralisation and deliver a maiden resource estimate by late 2026.

Ausgold Limited has expanded its Katanning Gold Project drilling campaign to 54,000 metres following strong assay results from the Central and Southern Zones, signalling promising resource growth potential.