Latest Resource Development News

Admiralty Resources NL reported a cash balance of $1.738 million at the end of June 2025, supported by financing facilities that provide nearly seven quarters of operational funding. The company’s latest cash flow report reveals ongoing investment in exploration alongside careful management of its loan facilities.

Northern Star Resources has declined to exercise its option to acquire Kalamazoo’s Ashburton Gold Project, leaving Kalamazoo to advance development plans amid record Australian gold prices. The company has initiated a Scoping Study and secured $2 million in fresh capital to support its next phase.

State Gas Limited has successfully drilled two new wells at its Rolleston West Project, intersecting significant coal seams and initiating production testing, while engaging NSAI for independent reserve certification.

DGR Global Limited reports steady progress in project generation and subsidiary investments, bolstered by a $23.5 million loan facility and a favorable legal appeal outcome. The company maintains a strong health, safety, and environmental record while navigating challenging market conditions.

Athena Resources has completed a successful drilling campaign at its Byro South magnetite project, resolving key tenement disputes and strengthening its alliance with Fenix Resources. The company is advancing metallurgical test work to enhance ore quality.

West Coast Silver has completed a $6 million capital raise through its first tranche placement and converted performance rights, setting the stage for further exploration at its high-grade Elizabeth Hill silver project.

Golden Deeps Ltd has secured an 80% stake in Namibia’s Central Otavi Critical Metals Project and reported significant high-grade gallium intersections at its Nosib discovery, underpinning its expanding critical metals portfolio.

Marquee Resources has progressed its Mt Clement antimony-gold project with Phase 1 drilling completed and assay results pending, alongside a $596,000 capital raise and a key executive appointment.

Blue Energy Limited has been awarded two significant Potential Commercial Areas in Queensland, boosting its contingent gas resources, while facing temporary suspension of pilot wells due to mechanical issues. The company is advancing regulatory approvals and exploring capital raising to support its growth.

Caprice Resources has reported multiple high-grade gold intercepts from its Phase 3 drilling at the Island Gold Project, alongside securing $7 million in funding and appointing a new Non-Executive Chair to accelerate exploration.

Celsius Resources has launched an updated feasibility study and front-end engineering design for its flagship MCB Copper-Gold Project, backed by a $76.4 million bridge loan from the Philippine sovereign wealth fund. The company also raised A$1.7 million in equity and progressed environmental and social initiatives across its portfolio.

Mithril Silver and Gold Limited reports strong exploration progress in Mexico’s Copalquin District with high-grade gold and silver assay results and a successful C$11.5 million private placement.