Latest Resource Development News

Red Hill Minerals has reported promising new drilling results that expand gold and base metal targets at its West Pilbara project, reinforcing the potential for resource growth.

BMG Resources confirms a substantial gold system at its Abercromby Gold Project through Phase 1 drilling results, validating its geological model and setting the stage for resource expansion. The company is advancing plans for Phase 2 drilling and a scoping study to explore commercial mining potential.

Diablo Resources has successfully raised $396,000 to fund drilling at its Phoenix Copper Project, targeting promising copper and silver prospects adjacent to the Lisbon Valley Copper Mine.

Bryah Resources has exercised its option to acquire the Golden Pike gold and antimony project in New Brunswick, Canada, aiming to add significant value with a high-grade resource. The acquisition follows thorough due diligence and complements Bryah’s existing Australian portfolio.

Kingston Resources has received the first $50 million payment from the sale of its Misima Gold Project, bolstering its balance sheet and enabling a strategic pivot towards expanding its Australian copper operations.

Spartan Resources held a pivotal Scheme Meeting to decide on Ramelius Resources' proposed acquisition, with the board unanimously backing the deal. The transaction offers Spartan shareholders a mix of cash and Ramelius shares, pending court approval.

Golden Horse Minerals has reported further high-grade gold assay results and a northern strike extension at its Hopes Hill project, reinforcing the potential for a significant resource. Planned deeper drilling and geophysical surveys aim to unlock more of this south-plunging gold system.

Coda Minerals has submitted the Draft Scoping Report for its Elizabeth Creek Copper-Cobalt Project, marking a pivotal step in securing mining lease approvals in South Australia. This milestone reduces regulatory uncertainty and sets a clear path toward project development.

FireFly Metals has doubled its Share Purchase Plan to A$10 million following overwhelming demand, boosting its cash position to approximately A$145 million to accelerate drilling and mining studies at its Green Bay Copper-Gold Project.

Ora Banda Mining delivered a strong FY25 with 92.4koz gold produced, up 32% year-on-year, and sets an ambitious FY26 target of 140-155koz driven by new underground mines and strategic partnerships.

Vigorous Resources has launched an unconditional off-market takeover bid for all shares of Rey Resources Limited at a 155-160% premium, with unanimous board support and major shareholder backing. The offer period runs from 9 July to 11 August 2025.

GTi Energy has raised $2.5 million from the first tranche of a $4.5 million placement to fund drilling at its Lo Herma uranium project, with key permits expected in August and a strategic investment from Snow Lake Energy pending shareholder approval.