Latest Resource Development News

Encounter Resources is set to launch a major 2026 exploration program at its Jessica Copper Project in the Northern Territory, partnering with South32 to test multiple high-potential copper targets identified through recent geophysical surveys.

Everest Metals Corporation is progressing rapidly with near-term gold production at its Mt Dimer Taipan and Revere Gold projects while simultaneously developing Australia’s first rubidium industry at Mt Edon. The company reports strong resource upgrades, ongoing mining, and promising pilot plant plans for critical minerals.

FMR Resources has commenced drilling at Target K within the Southern Porphyry zone of the Llahuin Project JV, aiming to unlock new copper-gold-molybdenum mineralisation. This step follows detailed integration of geological and geophysical data refining the exploration focus.

Alice Queen Limited has successfully raised an additional $280,000 from unrelated investors, increasing the size of its tranche two placement to fund key exploration projects and working capital.

Westar Resources outlines ambitious 2026 exploration plans across Western Australia and the Northern Territory, focusing on gold and base metals with new drilling and sampling programs.

Critical Metals Corp has released final assay results from its 2025 drilling program at Greenland’s Tanbreez Rare Earths Project, confirming broad and consistent rare earth mineralisation with promising resource growth potential.

NexGen Energy is advancing through the final Canadian Nuclear Safety Commission hearing for its Rook I uranium project, buoyed by strong Indigenous community support and over a decade of environmental and social groundwork.

Breakthrough Minerals is set to launch a significant drilling campaign at its Hazel Creek Copper-Gold Project in Queensland, aiming to expand resources and unlock new mineralisation zones following its acquisition of the Queensland Copper-Gold Project.

Aurum Resources is rapidly advancing its West African gold projects, boasting a 3.28 million ounce resource and aiming for 450,000 ounces annual production within five years. The company leverages a unique owner-operated drilling fleet and a central processing hub to accelerate growth.

Patagonia Lithium has completed drilling its Formentera well to 488 metres, intersecting promising lithium-bearing brines and porous sediments. Early tests suggest strong flow rates and increasing lithium concentrations, setting the stage for resource upgrades.

Waratah Minerals reveals promising early-stage geometallurgical results from its Spur Zone, showing gold recoveries exceeding 90% through conventional processing methods. The findings highlight coarse, free milling gold, suggesting a straightforward path to efficient extraction.

Xenora Minerals has identified a significant new lithium anomaly at its Dudley Lithium Project in South Australia, using improved geochemical sampling methods. The company plans to commence drilling in June 2026 to test these promising targets.