Latest Resource Development News

Avira Resources has broadened its Tangadee Project footprint in Western Australia and confirmed significant gold and nickel mineralisation at its Puolalaki Project in Sweden, setting the stage for upcoming drilling campaigns.

Mt Malcolm Mines has completed significant drilling at its Golden Crown and Dumbarton prospects, revealing high-grade gold intercepts and securing nearly $2 million in funding to support ongoing exploration.

Helix Resources has secured conditional agreements to earn up to 40% of the Gold Basin gold project in Arizona, while planning a resource update and expanded exploration. The company also reviewed its Australian Cobar assets and is preparing a capital raise to support ongoing operations.

Enova Mining reports promising exploration results across its Brazilian and Australian projects, highlighting high-grade rare earth element assays and advancing metallurgical testing and regulatory approvals.

Asra Minerals has completed a major drilling campaign at its Leonora South Gold Project and secured $3 million in fresh capital to fast-track exploration, alongside key leadership appointments and strategic asset realignments.

Cannindah Resources has completed its initial 2025 drilling program at Mt Cannindah, revealing promising extensions to its copper-gold breccia resource and identifying new porphyry targets that could significantly increase the project’s scale.

Rincon Resources Limited advances its Western Australian exploration portfolio with a maiden resource at South Telfer and a strategic option agreement for the Crackerbox Gold project, setting the stage for upcoming drilling campaigns.

Torque Metals has kicked off a new drilling campaign at its Paris Gold Project, delivering a significant high-grade gold intercept and completing a strategic merger with Aston Minerals.

Macarthur Minerals Limited reported a net cash outflow in operating activities for Q2 2025 but plans to shore up liquidity with a nearly $2 million rights issue expected to close in August.

IRIS Metals has successfully completed test mining at its fully permitted Beecher lithium project and expanded its US footprint with a strategic acquisition, while securing $4.27 million to fund ongoing exploration and development.

Triton Minerals pushes forward with its Aucu Copper/Gold Project after securing exploration licenses, while navigating a protracted $8.5 million legal dispute over its Mozambique Graphite Assets sale and implementing austerity measures to safeguard cash.

Resources & Energy Group Limited (REZ) reports strong progress in gold production at East Menzies with two successful gold pours and a $1.1 million capital raise, while divesting its Mount Mackenzie asset to sharpen focus on Western Australia.