Latest Resource Development News

Cavalier Resources has raised $2.14 million through a discounted placement to fast-track drilling at its Crawford Gold Project, while continuing negotiations for a $11 million pre-payment deal.

Lion Selection Group has committed $0.5 million to Peregrine Gold’s $3 million placement, gaining a foothold in promising Pilbara gold and iron ore projects with significant exploration upside.

Flynn Gold has discovered a new high-grade gold vein at its Grenadier Prospect in Northeast Tasmania, marking a significant expansion of the Golden Ridge Project’s mineralised system. A maiden drilling program has been completed, with assay results eagerly awaited.

Verity Resources has successfully raised $3 million through a two-tranche placement to accelerate drilling and resource upgrades at its Monument Gold Project amid strong gold market conditions.

Larvotto Resources reports robust diamond drilling results at its Hillgrove project, confirming thick, high-grade gold-antimony mineralisation at Eleanora and Golden Gate. Exploration now shifts to promising new targets at Metz and Freehold.

Westgold Resources reports a significant 24% increase in gold Mineral Resources to 16.3 million ounces and a 5% rise in Ore Reserves to 3.5 million ounces, underpinning a decade-long Reserve life with robust milling capacity.

Lincoln Minerals has successfully raised $2.25 million through a renounceable entitlement issue and follow-on placement, positioning the company to advance key exploration projects in South Australia’s critical minerals sector.

Chilwa Minerals has verified rare earth elements in its first diamond drill hole at the Mposa anomaly within Malawi’s Chilwa Carbonatite system, marking a significant milestone in its critical minerals exploration program.

Power Minerals has initiated leach testing on high-grade rare earth element samples from its Santa Anna Project in Brazil, aiming to unlock processing pathways and confirm resource potential. Results expected this month will guide further drilling and resource estimation.

Marmota Limited has enlisted titanium specialist Richard Stockwell to advance its promising Muckanippie titanium mineral sands project, aiming to refine resource estimates and guide future drilling programs.

Black Cat Syndicate has launched mining operations at its Majestic underground mine near Kalgoorlie, aiming to deliver first ore to its Lakewood processing plant by December 2025. This milestone advances the company’s strategy to boost gold production through multiple projects.

Octava Minerals has launched on-ground exploration at its Federation copper-zinc-silver-tin project in Western Tasmania, focusing on the historically promising Sweeney’s prospect. The company aims to leverage modern techniques to unlock the potential of mineralisation untouched since the 1980s.