Latest Resource Development News

Kuniko Limited has extended the high-grade mineralised system at its Silica Hill prospect by approximately 100 metres through Phase 2 diamond drilling, highlighting significant resource growth potential ahead of a planned update.

Osmond Resources has reinforced the continuity of high-grade critical minerals at its Orión project in Spain, with drill hole SOR-07A delivering promising assay results. The company is on track to release its maiden Mineral Resource Estimate and Scoping Study by Q3 2026, supported by robust mineral processing testwork and a new Frankfurt listing.

Cosmo Metals has reported broad gold mineralisation at its Kanowna Gold Project, with new diamond drilling revealing continuous mineralised zones down dip, highlighting a large, underexplored system along the Kanowna Shear.

GBM Resources has validated a major extension of the gold-bearing Milled Matrix Breccia horizon well beyond the existing 309 deposit at Twin Hills, Queensland, reshaping the project’s exploration potential.

Podium Minerals has secured a $4 million underwritten share purchase plan to fund advancing metallurgical work and site rehabilitation at its Parks Reef PGM Project, following a significant step-change in concentrator performance.

Carnaby Resources has released final drill results from the Greater Duchess Project, confirming two key discoveries with significant copper-gold mineralisation. The company is advancing development plans ahead of a proposed Evolution Mining acquisition.

Adavale Resources' latest assays from five drill holes reveal consistent, wide gold mineralisation beneath the London-Victoria open pit, reinforcing expectations for a resource upgrade this quarter.

West Coast Silver (ASX:WCE) has revealed substantial extensions to its Elizabeth Hill silver deposit, with diamond drilling intersecting wide, near-surface zones of silver mineralisation beyond the current resource estimate. These results underpin plans for a resource update and scoping study later this year.

White Cliff Minerals has extended its high-grade copper-silver mineralisation at the Danvers 3 system to over 280 metres vertical depth, underpinning a large and vertically continuous copper system at its Rae Copper Project.

Corazon Mining (ASX:CZN) has kicked off a 2,000m reverse circulation drilling program at its Wembley gold prospect within the Feather Cap Project, aiming to test the continuity of historically high-grade, shallow gold mineralisation and explore a broader structural corridor in Western Australia’s Bryah-Padbury Basin.

Lunnon Metals has completed mining at its Lady Herial gold open pit ahead of schedule, delivering a record month in July and generating $35 million pre-tax free cash flow to date.

WIN Metals has validated exceptional metallurgical recoveries exceeding 95% at its Radio Gold Project, reinforcing its path toward a near-term development decision.