Latest Resource Development News

Encounter Resources has appointed Simon Hay as Non-Executive Chairman and promoted Will Robinson to Managing Director/CEO, aligning leadership with its expanding niobium and copper-gold projects. The company’s Aileron niobium resource surged 54% in 2026, underpinning development ambitions.

Infini Resources is ramping up its exploration at the Portland Creek Uranium Project with a major 5,000-meter diamond drilling program, backed by new geophysical insights revealing a large hydrothermal system.

Blue Star Helium has secured an extension of its helium offtake agreement at the Pinon Canyon Plant through March 2027, ensuring steady revenue while negotiating longer-term contracts.

Perpetual Resources has digitised and reviewed 42 historical drill holes from its Nevada Scheelite tungsten project, identifying 22 with significant tungsten grades, underpinning plans for modern validation and 3D geological modelling.

Dreadnought Resources has lodged a mining lease application for its Yin Rare Earth deposits in WA, underpinning its Gifford Creek Critical Metals Project with a substantial 30 million tonne resource and strong metallurgical credentials.

Elevate Uranium’s pilot plant for its U-pgrade™ beneficiation process has demonstrated an 88% mass rejection and uranium grade uplift from 89 ppm to 590 ppm at Marenica, validating historic bench-scale results and paving the way for a simpler acid leach process.

GoldArc Resources has confirmed a previously untested blind gold vein system at its Whistler Prospect within the Leonora South Gold Project, delivering promising assay results from its second round of reverse circulation drilling.

Lac Gold has reported robust assay results from 20 new drillholes at its Astoria deposit, confirming the scale and continuity of a large orogenic gold system within the Rouyn Gold Project in Canada.

Moonlight Resources Ltd (ASX: ML8) completed its first year as a listed entity, rapidly expanding its gold and copper exploration at the Clermont Project in Queensland. The company reported a net loss of $1.98 million for FY2026, reflecting active exploration and corporate growth following its December 2025 IPO.

Elixir Energy has marked FY26 with major progress in Queensland’s Taroom Trough, expanding contingent gas resources by 32% and securing a strategic $16.6 million capital raise led by Omega Oil and Gas. The company’s operational advances and government backing position it as a key player in Australia’s energy security landscape.

PhosCo Ltd has achieved a metallurgical breakthrough at its Gasaat Phosphate Project, producing premium-grade phosphate concentrate with a simplified flotation process, potentially unlocking significant price premiums.

Flynn Gold’s 2026 drilling at Firetower in northern Tasmania confirms multiple high-grade gold-tungsten-copper-cobalt zones, extending mineralisation depth and strike. Assays from two further holes are pending, with metallurgical testwork and resource modelling underway.