Latest Resource Development News

Nagambie Resources has amended its drilling update to include detailed economic assumptions and geological parallels with the nearby Costerfield Mine, reinforcing confidence in its Nagambie Mine project.

Beacon Minerals has sold a significant portion of its Astral Resources shares, raising $5.9 million to support development at its Jaurdi Mill and Iguana projects.

Uvre Limited is set to begin its inaugural diamond drilling program at the Waitekauri Gold Project in New Zealand, targeting historically high-grade gold zones near major deposits. The 3,000m program aims to unlock the resource potential of the Jubilee prospect and newly identified epithermal structures.

Unico Silver Limited has secured $25 million in funding to restart drilling at its Joaquin Project in Argentina, targeting promising high-grade silver zones. The company aims to upgrade resources and deliver a scoping study by mid-2026.

Lightning Minerals is set to commence a significant diamond drilling program targeting high-grade gold zones at its newly acquired Mt Turner project in Queensland, aiming to unlock deeper mineralisation along the Drummer Fault.

Horseshoe Metals has launched a new phase of reverse circulation drilling at its Horseshoe Lights Copper-Gold Project in Western Australia, targeting near-surface copper oxide and gold zones. Concurrently, the company is progressing offtake negotiations with major commodity traders.

Odyssey Gold reports strong progress from its 2025 drilling campaign at the Tuckanarra Gold Project, confirming significant gold mineralisation and highlighting potential resource expansion between the Cable and Bollard pits.

Tamboran Resources has secured a pioneering approval from the Northern Territory Government to sell appraisal gas from its Beetaloo Basin exploration permits, marking a significant step toward local energy supply and revenue generation.

Vanadium Resources Limited has extended the deadline to finalise pricing terms with China Precious Asia Limited, while progressing mining contractor discussions and pit optimisation at its Steelpoortdrift vanadium project.

Redcastle Resources has significantly expanded its exploration footprint in Western Australia’s Leonora–Laverton goldfields through the acquisition of the TBone Belt tenements, adding multiple promising near-surface targets adjacent to its existing projects.

Sunshine Metals has raised $5 million through a placement to fast-track exploration at its Sybil epithermal gold targets and advance the Liontown gold study within its Ravenswood Consolidated Project.

Prospect Resources has identified a significant new shallow copper target at its West Mwombezhi prospect in Zambia, with diamond drilling now underway to test promising early results.