Latest Resource Development News

Redcastle Resources' recent diamond drilling at Redcastle Reef and Queen Alexandra validates geological models and reveals promising mineralisation extensions, bolstering confidence in near-term mining plans.

Savannah Goldfields has secured $3.5 million through a $1.5 million equity placement at a 31.5% premium and a $2 million tiered royalty sale to fund the Agate Creek mine restart and ongoing operations.

Asara Resources has raised $60 million through a strongly supported institutional placement to fast-track drilling and development at its flagship Kada Gold Project in Guinea.

Classic Minerals faces a full trial in its legal dispute over Forrestania tenements but retains 80% gold rights and asserts claims to full ownership, continuing exploration plans amid uncertainty.

Norwest Minerals reports strong metallurgical results from Bulgera, with gold recoveries up to 92% on coarse crushed samples, supporting a low-cost heap leach development pathway.

Catalyst Metals continues to expand the Trident underground gold deposit with drilling results that extend mineralisation beyond current resources, underpinning a decade-long mine plan at 60,000 ounces per annum.

Neometals is pivoting towards gold production with a funded JV at its Barrambie Ironclad deposit, while simultaneously progressing a substantial lithium-potash brine project in Utah.

EcoGraf has partnered with NMB Bank to manage compensation payments for communities affected by its Epanko Graphite Project, marking a key step in early works on the Mine Access Road ahead of construction.

Forrestania Resources plans to exercise its option to acquire the Hyden Gold Project following a Supreme Court ruling dismissing Classic Minerals' challenge. The project holds a JORC-compliant resource of nearly 300,000 ounces of gold across Lady Magdalene and Lady Ada deposits.

Charger Metals is advancing its Lake Johnston and Bynoe projects with growing lithium resources and high-grade gold discoveries, benefiting from a strong upswing in lithium and gold prices.

Diablo Resources has secured an 80% interest in the historic Horn Silver Project in Utah, a prolific high-grade silver and gold mine, supported by a $3.5 million placement to fund immediate drilling and district-scale exploration.

Waratah Minerals has secured a A$48 million institutional placement to fund an accelerated drilling campaign at its Spur Gold Project, aiming for a maiden resource estimate in early 2027.