Latest Resource Development News

James Bay Minerals has commissioned a scoping study to explore near-surface oxide gold development at its Independence Project in Nevada, targeting a low-capex open-pit heap leach operation. The project also holds a substantial high-grade skarn gold resource, hinting at significant future growth potential.

Vanadium Resources Limited has signed a non-binding MoU with China Precious Asia Limited to supply 1.2 million tonnes per annum of vanadium-rich magnetite ore, marking a strategic step toward near-term production and early cashflow generation from its Steelpoortdrift project.

Strickland Metals has ramped up its exploration efforts at the Rogozna Gold and Base Metals Project in Serbia by deploying a seventh diamond drill rig, intensifying the search for high-grade gold mineralisation ahead of a maiden resource estimate.

Aguia Resources has reported promising initial drill results at its Santa Barbara gold project in Colombia, confirming key geological models and supporting a significant high-grade gold target. The company plans to accelerate drilling to further define the resource and advance mine planning.

FireFly Metals has completed the initial tranches of a major equity raising, securing A$66 million to advance its high-grade copper-gold projects in Canada. The company’s fundraising includes a charity flow-through placement and institutional placement, setting the stage for further capital raises.

Zenith Minerals has launched a fully underwritten A$3.5 million entitlement offer to fund an aggressive drilling campaign at its newly consolidated Dulcie Gold Project and advance exploration at Red Mountain. The capital raise aims to expand resources and push towards commercial gold production.

Polymetals Resources has officially commenced commercial production at its Endeavor silver zinc mine in Cobar, NSW, with zinc concentrate shipments set to begin in early July 2025. The company is progressing steadily toward ramping up output in the second half of the year.

Nimy Resources reports impressive high-grade gallium assay results from initial Phase 2 drilling at its Block 3 project in Western Australia, reinforcing its potential as a standalone gallium source.

Southern Cross Gold Consolidated Ltd reports exceptional high-grade gold and antimony results from its Sunday Creek project, including a remarkable 3.9-meter intercept grading 124.6 g/t gold and assays reaching 2,110 g/t. The findings validate the company's systematic infill drilling strategy and reveal new mineralized zones, enhancing the project's strategic value amid global antimony supply constraints.

Gibb River Diamonds has successfully completed a heritage survey over the proposed open pit at its Neta Prospect, removing a key obstacle to mining development within the Edjudina Gold Project. The project moves closer to production with mining costs borne by a private contractor.

Pacgold Limited reports strong initial results from its 2025 drilling campaign at the Alice River Gold Project, revealing significant shallow high-grade gold intersections that reinforce the project’s bulk tonnage and high-grade potential.

Galileo Mining reports promising palladium and platinum assay results from aircore drilling at its Norseman project, reinforcing potential for new discoveries along the Mission Sill trend. Follow-up drilling is planned to expand on these encouraging findings.