Latest Resource Development News

Horizon Minerals has executed a binding agreement to acquire the Gordons Dam and adjacent gold projects near its Black Swan processing plant, adding an inferred resource of 20,000 ounces and promising exploration upside.

Neometals reports strong gold assay results from its maiden diamond drilling at Barrambie’s Ironclad and Mystery prospects, confirming high-grade mineralisation and setting the stage for expanded exploration.

West Coast Silver has identified a dozen near-mine high-priority silver targets at its Elizabeth Hill project in Western Australia, leveraging integrated geophysical, geochemical, and geological data. The company plans immediate follow-up exploration including drilling and trenching to test these promising zones.

Peel Mining Limited has updated its mineral resource estimates, highlighting a robust 22.9 million tonnes at 2.20% copper equivalent across its South Cobar Project. The company is advancing pre-feasibility studies and exploration drilling at key deposits, positioning itself as a significant player in the Cobar Basin copper hub.

TG Metals Limited has raised $2.6 million through a placement to accelerate exploration and development at its Van Gold Uden deposit and Gold City prospect in Western Australia.

Havilah Resources has struck a binding deal with Heavy Rare Earths, granting earn-in rights to its Prospect Hill tin project with a $1.5 million exploration commitment over three years. The arrangement allows Havilah to focus on its copper assets while retaining significant upside exposure.

Terra Uranium Limited (ASX – T92) reveals significant historic mineralisation of tin, tungsten, molybdenum, and silver at its Deepwater Project in New South Wales, underpinning its strategic acquisition of Dundee Resources Pty Ltd.

Benz Mining reports extensive high-grade gold intercepts at its Icon Prospect, confirming the potential for a large-scale, bulk open-pit operation within the Glenburgh Gold Project in Western Australia.

OzAurum Resources has confirmed a substantial 400-metre strike of high-grade gold mineralisation at its Cross Fault discovery within the Mulgabbie North Gold Project, signalling promising expansion potential. Further drilling and resource estimation plans are underway as the mineralisation remains open at depth.

Western Mines Group has completed the first four holes of its Phase 4 drilling at Mulga Tank, revealing visible sulphide mineralisation beyond existing resource boundaries and advancing diamond drilling and electromagnetic surveys to target deeper nickel sulphide deposits.

Somerset Minerals has confirmed significant near-surface copper mineralisation at its Coppermine Project in Nunavut, Canada, with assays revealing thick, high-grade intercepts. The company is gearing up for an expanded exploration phase to unlock further district-scale potential.

Nimy Resources has identified a significant copper-zinc-gold anomaly at its Sneaky Squirrel Gossan Prospect within the Mons Project, Western Australia, hinting at a potential volcanogenic massive sulphide deposit similar to Golden Grove.