Latest Resource Development News

Sierra Nevada Gold (ASX: SNX) has acquired 100% ownership of the historic New Pass Gold Mine in Nevada, extinguishing royalties and setting the stage for trial mining of its high-grade Superior Vein.

Marvel Gold Limited is deepening its foothold in Tanzania’s underexplored greenstone belt while streamlining its portfolio through Mali asset divestments, setting the stage for a busy 2025 exploration calendar.

Horseshoe Metals has extended the gold surface materials processing option at Horseshoe Lights to mid-2025, while advancing copper Direct Shipping Ore activities and negotiating key offtake deals.

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.