Latest Resource Development News

Unico Silver’s latest drilling at the Joaquin Project delivers record silver equivalent grades at Breccia Puntudo and expands mineralisation at La Negra SE and La Morocha SE, underpinning resource growth ahead of the Pre-Feasibility Study.

ADX Energy’s HOCH-1 exploration well in Upper Austria has encountered gas-filled sands consistent with pre-drill 3D seismic predictions, reinforcing the prospect’s resource potential ahead of upcoming wireline logging and production testing.

Odyssey Gold’s metallurgical testwork on weathered material from its Cable deposit starter pit has delivered a rapid 95.9% gold leach recovery, supporting early mining potential at the Tuckanarra Project in WA.

Zenith Minerals has initiated a strategic review to explore corporate and asset options aimed at maximising shareholder value, centred on its Consolidated Dulcie Gold Project which hosts a 675,000-ounce gold resource.

OD6 Metals has secured a valuable historical dataset from Union Carbide to fast-track exploration and resource definition at its Quinn Fluorspar Project in Nevada, cutting costs and timelines significantly.

Premier1 Lithium’s latest drilling at Yalgoo reveals a fresh high-grade gold zone at Carlisle and confirms a large hydrothermal system at Mt Kersey, spotlighting a new VMS corridor that could reshape resource potential.

Pacgold has confirmed new shallow gold mineralisation at its Vertigo deposit within the White Dam Project, suggesting a potential increase to its Mineral Resource Estimate. Infill drilling results support upgrading resource confidence, with further drilling planned to refine the resource and support mine planning.

Lunnon Metals has delivered significant gold intercepts at its Paringa West prospect, including visible gold in reverse circulation chips for the first time, reinforcing the potential of the Paringa Gold Belt near its Lady Herial mine. Meanwhile, a second government co-funded drill hole is underway at the Plentiful prospect to better define host rock structures.

Evolution Energy Minerals (ASX:EV1) is set to start drilling at its Chikundo Copper Project in June 2026 despite assay delays, while progressing the Chilalo Graphite Project towards first production in October 2027 with a modular development plan and clear funding milestones.

Southern Hemisphere Mining has launched a 1,000-metre diamond drilling campaign at its Llahuin copper project in Chile, aiming to extend known mineralisation and test for higher-grade copper-gold-molybdenum zones within a 218Mt JORC resource.

Alice Queen Limited (ASX:AQX) has initiated a partially underwritten rights issue aiming to raise up to $5.77 million, with substantial shareholder Gage Resource Development committed to maintaining control. The funds will primarily support further drilling and project development at Horn Island.

Askari Metals (ASX:AS2) has validated continuous polymetallic mineralisation including tin, lithium, tantalum, rubidium, and caesium at its PS Pegmatite Target within the Uis Project in Namibia, setting the stage for planned drilling in H2 2026.