Latest Resource Development News

Vertex Minerals has renegotiated a $3 million loan and secured an additional $1.5 million facility to support underground development and gold production at its Reward Gold Mine, aiming to repay from positive cash flow in 2026.

Li-FT Power has satisfied a critical condition precedent in its proposed acquisition of Winsome Resources, advancing the lithium explorer's path to consolidation. The deal hinges now on shareholder and court approvals.

Somerset Minerals has commenced a significant diamond drilling campaign at its Jura prospect within the Coppermine Project, aiming to extend high-grade copper mineralisation and advance exploration across a vast underexplored region in Nunavut, Canada.

Gold Mountain Limited reports robust high-grade rare earth mineralisation at its Capivara Prospect in Brazil, with assay results confirming significant shallow deposits and promising magnet rare earth oxide ratios. The company is advancing towards resource definition drilling and metallurgical testing.

Auravelle Metals has confirmed very high-grade gold mineralisation and broad intercepts at its Sheoak Prospect within the Nuckulla Hill Gold Project, revealing a +600m long gold trend that remains open for expansion.

ABx Group has secured partnerships in two major Australian Government R&D initiatives aimed at advancing rare earths refining and exploration technologies, accelerating development of its ionic clay rare earth project in Tasmania.

Sky Metals reports significant new high-grade tin-tungsten-silver drilling results at its Tallebung Tin Project, confirming southern extensions and initiating the NSW State Significant Development approval process.

Ariana Resources has reported compelling high-grade gold intercepts from its 2025-2026 drilling at the Dokwe Gold Project in Zimbabwe, reinforcing the potential to expand its 1.1 million ounce resource. The company is advancing to a Phase 2 diamond drilling campaign aimed at refining resource estimates.

Condor Energy has updated its corporate presentation revealing significant progress in Peru’s Tumbes Basin, highlighting a 1 trillion cubic feet gas discovery and a multi-billion barrel oil exploration portfolio. The company is moving towards converting its evaluation agreement into a full exploration licence while advancing commercial discussions for gas offtake.

Kalgoorlie Gold Mining is set to begin multiple drilling programs at its Pinjin Gold Project in April 2026, targeting resource expansion and new discoveries across key deposits and unexplored zones.

Ora Banda Mining has reported a staggering 964% increase in its Round Dam gold resource, boosting its total global mineral resources to 3.3 million ounces. This leap underscores the company’s aggressive organic growth strategy and ongoing exploration success.

Antares Metals has confirmed significant high-grade uranium mineralisation at its Queens Gift project in Queensland, setting the stage for a resource upgrade and expanded exploration across its Mt Isa North portfolio.