Latest Resource Development News

Eastern Gas Corporation Limited is set to raise $5.5 million through an IPO to fund drilling and flow testing at its Queensland gas exploration permits, aiming to prove commercial viability in the Surat and Cooper Basins.

Paterson Resources has reported high-grade, shallow gold mineralisation from the second batch of assays at its Grace Gold-Copper Project, confirming promising results that exceed initial expectations and pave the way for an expanded drilling program.

Argent Minerals has confirmed visible gold at its Kempfield and Trunkey Creek projects in New South Wales, highlighting promising high-grade gold shoots and expanding exploration potential. The company plans systematic drilling to further define these multi-metal deposits.

Ballymore Resources is progressing development at its high-grade Dittmer Gold Project with significant portal expansion, a 3,000-metre drilling program planned for Q2 2026, and trial mining of historic backfill and remnant pillars within a granted mining lease.

MC Mining reports steady progress at its Makhado steelmaking coal project in South Africa alongside a significant increase in Kinetic Development Group's shareholding to 44%. The company maintains its production targets for 2026 amid strong safety and environmental records.

Alkane Resources has identified a significant gold-bearing seismic reflector beneath its Roswell deposit at Tomingley, alongside multiple high-grade zones in the Western Monzodiorite domain, signalling promising resource expansion prospects.

Loyal Metals’ latest high-density gravity survey reveals a large, vertically extensive Copper-Gold VHMS system at Highway Reward, extending well beyond historic mining depths and highlighting multiple new undrilled targets.

Alicanto Minerals is launching an extensive 50,000-metre drilling campaign at its newly acquired Mt Henry Gold Project in Western Australia, aiming to expand and upgrade its existing 0.9 million ounce gold resource.

Nordic Resources has reported promising assay results from six new drill holes at its Kopsa gold-copper project in Finland, revealing significant mineralisation beyond current resource limits. The findings set the stage for an expanded resource update following further drilling planned for 2026.

Dreadnought Resources has identified seven large-scale gold prospects at its Mangaroon Gold Project in Western Australia, setting the stage for drilling campaigns in the second half of 2026. Early soil sampling reveals extensive gold anomalies, signalling promising exploration upside.

Havilah Resources has secured a $31.5 million cash payment and $15 million in exploration funding from Sandfire Resources, accelerating plans for drilling and development around the Kalkaroo copper-gold deposit in South Australia.

Beacon Minerals has kicked off its first-ever drilling campaign at the Lady Ida - Lizard Project, aiming to define a maiden resource in the coming quarter. The program targets promising mineralisation with potential for significant extensions.