Latest Resource Development News

Patriot Resources has dramatically expanded the Exploration Target at its Tassa Silver & Gold Project in Peru to between 559Moz and 774Moz silver equivalent, positioning it among the world’s largest undeveloped silver systems. A 4,000m drilling campaign is planned to convert this target into a formal Mineral Resource.

Cygnus Metals has secured A$25 million in a tightly priced placement to accelerate exploration and development at its Chibougamau Copper-Gold Project. Recent drilling at Golden Eye returned impressive high-grade gold and copper intercepts, supporting resource upgrades and expansion plans.

Broken Hill Mines (ASX: BHM) reported a strong March quarter with a 29% ore grade increase and a 52% jump in silver output, driven by ramp-up at Rasp Mine and advancing Pinnacles development. Operational cashflow rose 45% to A$2.4m amid cost reductions and a strategic partnership with Kingfisher Mining.

Australasian Metals continues to build on its Queensland gold assets with a new exploration permit application and ongoing drill planning at May Queen, while holding a solid cash reserve of $2.46 million and progressing lithium project discussions.

Temas Resources has closed a CAD 1.5 million flow-through share placement with Maple Leaf Critical Minerals Fund, reinforcing funding for its Quebec titanium projects and proprietary Regenerative Chloride Leach technology commercialisation.

Meeka Metals has secured a strategic 71km2 package of gold tenements around Mt Holland, aiming to unlock further ounces with a 20,000m drilling campaign over the next 12-18 months.

Medallion Metals is advancing plans to refurbish the Cosmic Boy Concentrator at Forrestania, aiming to accelerate gold production and generate near-term cashflow before its Ravensthorpe ore processing begins.

Alliance Nickel’s maiden drilling at Australia United delivers encouraging gold grades, opening pathways for expanded exploration and a potential joint venture.

Vulcan Energy has officially started full-scale construction of its Lionheart lithium chemicals facility in Frankfurt, targeting a 2028 commercial production start with a capacity to supply 500,000 EV batteries annually.

Lunnon Metals has reported strong operational progress at its Lady Herial open pit gold mine, generating positive free cash flow in March 2026 and maintaining schedule to complete mining by August. Higher-than-expected gold prices have offset rising diesel costs, underpinning the project's economic outlook.

Auric Mining has appointed Gareth Solly as CEO, aiming to fast-track its transition to a mid-tier gold producer by developing the Burbanks processing facility and expanding operations at Munda.

Dreadnought Resources has obtained regulatory approval for open pit mining at its Star of Mangaroon gold project in Western Australia, advancing its strategy to become a self-funded explorer by outsourcing development and processing.