Latest Resource Development News

Manhattan Corporation has secured a binding agreement to acquire the Hook Lake Project in Nunavut, Canada, featuring a high-grade gold deposit and polymetallic prospects. The company aims to validate historical estimates and advance exploration with a seasoned team onboard.

Legacy Minerals has resumed drilling at its expansive Thomson Project in NSW, focusing on the promising Cut-B anomaly after completing work on the F4 anomaly. Early results and historical data suggest a significant intrusion-related gold-copper system with high-grade mineralisation potential.

Barton Gold Holdings has fast-tracked follow-up drilling at its Tolmer silver discovery in South Australia, following exceptional high-grade silver results that rank among the world’s best. The company aims to rapidly define this promising new zone.

C29 Metals has identified several promising multi-commodity exploration targets in Kazakhstan through advanced airborne geophysical surveys, setting the stage for extensive fieldwork and drilling later this year.

Anson Resources has gained approval from the US Bureau of Land Management to re-enter a historic well at its Green River Lithium Project, advancing its efforts to define a JORC Mineral Resource. This milestone underscores the project's potential and positions Anson closer to securing critical financing.

Tempest Minerals reports promising initial metallurgical test results from its Remorse Iron discovery in Western Australia, highlighting high-grade iron concentrate with low impurities. Further results are anticipated to refine the project’s development potential.

Elixir Energy has unveiled a strategic, fully funded plan to develop its extensive gas resources in Queensland’s Taroom Trough, aiming for initial production by late 2027. The company leverages its dominant acreage position alongside Shell’s operations and a fast-follower approach to unlock multi-TCF reserves.

Marmota Limited is fast-tracking its Gawler Gold project following a surge in gold prices and promising metallurgical test results, positioning the company for quicker production and revenue.

Somerset Minerals has significantly expanded its footprint in Nunavut’s Coppermine copper region, acquiring 458 km² to become the largest landholder and gearing up for a maiden drilling campaign.

Infini Resources has appointed seasoned mining engineer Rohan Bone as CEO to spearhead development across its uranium and lithium assets in Canada and Australia, marking a strategic shift from exploration to project advancement.

Asra Minerals has kicked off a targeted 1,300-metre drilling program at its Leonora South Gold Project, aiming to extend high-grade gold mineralisation at the Orion and Sapphire deposits. The company also strengthens its leadership with a new CFO appointment.

European Lithium Ltd has released compelling assay results from historical deep diamond drilling at its Tanbreez Rare Earth Project in Greenland, confirming high-grade rare earth oxides and significant gallium concentrations that support potential resource expansion.