Latest Resource Development News

Xstate Resources has reported a promising gas discovery at its Diona-1 well in Queensland, updating prospective resources to 200 billion cubic feet and securing funding for upcoming appraisal and production testing.

Pacific Resources Limited (ASX, PXR) has executed a 19-month option to acquire the high-grade Eastern Victorian Goldfields Project, while progressing exploration at its Tasmanian assets and completing a $1.5 million placement.

Tennant Minerals has announced its first high-grade copper-gold Mineral Resource Estimate for the Bluebird discovery, alongside a new drilling program targeting gold extensions. The company also advances a regional processing alliance, setting the stage for further development.

Altair Minerals has raised $13 million to fund a major drilling campaign at its Greater Oko Project in Guyana, aiming to explore one of the world's most promising and consolidated gold belts.

PolarX Limited reported steady progress in its Nevada and Alaska exploration projects during the December 2025 quarter, with key drilling programs completed and a significant joint venture funding milestone achieved with Northern Star Resources.

Mammoth Minerals has kicked off its maiden diamond drilling at the Excelsior Springs Gold-Silver Project in Nevada, delivering multiple high-grade intercepts and expanding its landholding by 340%. A $7.5 million capital raise supports ongoing exploration across its Americas portfolio.

Torque Metals reports significant high-grade gold discoveries extending beyond current resources at its Paris Gold Project, backed by a $15 million placement that leaves the company well-funded for aggressive drilling in 2026.

Paterson Resources has completed the first phase of an extensive drilling campaign at its Grace Gold-Copper Project, raising $752,000 through a rights issue to fund further exploration and resource upgrades.

Citigold Corporation continues to progress its high-grade Charters Towers Gold Project, maintaining stable mineral resources while advancing mine design and funding discussions. The company’s strategic focus on near-surface gold structures offers promising short-term mining opportunities.

Aldoro Resources has ramped up its Kameelburg REE-Niobium drilling program with a new rig acquisition and strategic partnerships, while withdrawing a key asset sale to Sultan Resources. Exploration at Omuronga continues to show promise.

Caprice Resources has reported significant progress in its December 2025 quarter, delivering high-grade gold assay results from its Island Gold Project and expanding its landholding in the Murchison Goldfields through the strategic acquisition of the Comet Gold Project.

Argent Minerals has reported exceptional high-grade silver assay results from its Kempfield Project, extending mineralisation well beyond previous limits and advancing metallurgical studies to support future development.