Latest Resource Development News

Chilwa Minerals has validated its rare earth element exploration model and boosted its heavy mineral sands resource, while securing A$8 million in funding and advancing plans for a US Nasdaq dual listing.

Eclipse Metals has completed significant diamond drilling at its Greenland rare earth projects, upgraded its resource estimate, and secured US government advisory support while pursuing a NASDAQ listing to boost global investor access.

Zenith Minerals has completed its largest drilling campaign at the Consolidated Dulcie Gold Project, confirming a significant gold resource potential and securing a $7.65 million strategic placement to accelerate development.

Pacgold has completed its acquisition of the White Dam Gold Operation, initiating heap leach irrigation and a major drilling program to fast-track gold production and resource upgrades. Concurrently, promising exploration results at Alice River and St George projects underpin a robust growth outlook.

Middle Island Resources has completed a strategic acquisition in Serbia, backed by a $3.4 million capital raise, and reported promising high-grade drilling results at its Bobija Project, signalling a significant step forward in its exploration ambitions.

Yari Minerals reported a $1.2 million cash outflow this quarter driven by exploration at Rolleston South, leaving just over one quarter of funding available. The company remains confident in securing further capital despite no immediate plans to raise funds.

Yari Minerals has kicked off its inaugural drilling at the Rolleston South Coal Project, confirming thick, continuous coal seams and promising coal quality that could upgrade its resource status.

Basin Energy has expanded its footprint in Queensland with the acquisition of NeoDys Ltd and maiden drilling at Sybella-Barkly, while confirming significant uranium mineralisation in Sweden and agreeing to sell its Canadian Marshall uranium project.

Alchemy Resources’ recent Induced Polarisation survey at the Yellow Mountain Copper Project in NSW has revealed two significant new drill targets, expanding the project’s mineralised footprint and reducing exploration risk.

Western Gold Resources has secured board approval to mine its wholly owned Gold Duke Project, backed by a $6.75 million oversubscribed placement and a robust updated resource estimate of 277,000 ounces of gold. Mobilisation is set for early 2026 as the company advances towards production.

Raiden Resources has secured an 85% stake in the Crixás Gold Tailings Project in Brazil, presenting a low-capital pathway to near-term gold production. Meanwhile, exploration advances at the Vuzel Gold Project in Bulgaria aim to boost resource ownership amid rising precious metals prices.

Turaco Gold has reported significant progress at its Afema Project in Côte d’Ivoire, with the December quarter delivering a 4.06 million ounce gold resource and promising drilling results pointing to further expansion in early 2026.