Latest Resource Development News

Alice Queen Limited is set to raise nearly $1 million through a two-tranche share placement, with substantial shareholder support and options attached, aiming to fuel exploration at its Viani project.

Sipa Resources has initiated heritage surveys and lodged environmental approvals, setting the stage for its first gold drilling campaign in South Australia’s Gawler Craton.

Bass Limited’s May 2025 AGM update highlights a strategic acquisition and capital raising to accelerate its emergence as a key Australian gas producer, focusing on Cooper Basin and Indonesian assets.

Babylon Pump & Power is set to acquire Matrix Hydro Services, enhancing its water management capabilities in Western Australia’s mining sector, supported by a $3.5 million entitlement offer.

Tartana Minerals has raised $1.55 million through a director-led unsecured loan facility and appointed Dr Alistair Lewis as its new Chairman, signaling a strategic push in exploration and project advancement.

Highfield Resources has inked a non-binding letter of intent with Qinghai Salt Lake, a China Minmetals subsidiary, for a US$300 million equity investment aimed at fast-tracking its potash projects in Spain and Canada.

Caspin Resources has successfully completed the first tranche of a $2.1 million capital raise, issuing over 34 million shares to institutional and sophisticated investors. The company now awaits shareholder approval to complete the remaining funding, underpinning its exploration ambitions across three promising Australian projects.

Grand Gulf Energy has inked a non-binding MoU with Sage Potash to jointly explore helium and potash resources in Utah’s Paradox Basin, aiming to share costs and infrastructure for a 3D seismic survey and potential drilling.

Burgundy Diamond Mines has released its amended 2024 Mineral Resources and Ore Reserves report for the Ekati diamond mine, showing minor depletion due to ongoing mining activities. The update confirms continued compliance with industry standards and robust governance.

Infini Resources has appointed seasoned mining engineer Rohan Bone as CEO to spearhead development across its uranium and lithium assets in Canada and Australia, marking a strategic shift from exploration to project advancement.

Arika Resources has expanded its drilling program across its Yundamindra and Kookynie gold projects to 10,000 metres, leveraging a recent $5 million capital raise and securing a versatile drill rig to accelerate exploration.

DeSoto Resources has expanded its gold-in-soil anomaly at the Dadjan Gold Project to 3.6km and reported promising high-grade gold zones at Timbakouna, reinforcing the prospectivity of its extensive landholdings in Guinea’s Siguiri Basin.