Latest Resource Development News

Lion Selection Group Limited has reported a robust half-year profit of $36.6 million, driven by strategic investments in Australian mining companies amid a resurging resources boom. The company also declared a fully franked dividend, signalling confidence in its portfolio and market outlook.

Reward Minerals has executed a binding agreement to acquire the Mountain Pond Gold Project in Newfoundland, featuring high-grade gold and copper assays and no prior drilling. The company plans to commence drill testing in the 2026 field season.

Sheffield Resources has resumed mining and processing at its flagship Thunderbird Mineral Sands Mine following repairs to critical equipment, signalling a return to production at this major Western Australian asset.

Iron Bear Resources has received crucial exploration approvals from Newfoundland authorities, paving the way for a major drilling program aimed at expanding its vast iron ore resource in partnership with Vale S.A.

Godolphin Resources has revealed a significant 21% increase in gold recovery at its Lewis Ponds Project through the integration of gravity recoverable gold processing, potentially enhancing the project’s already robust economics.

Lachlan Star Limited has provided important clarifications on visible gold imagery from its New Waverley project, confirming high-grade assay results while cautioning on the qualitative nature of visual gold observations.

Manhattan Gold Corporation has successfully raised A$3 million through an oversubscribed placement, setting the stage for a pivotal drill campaign at its Hook Lake project in Canada.

Lion Rock Minerals has reported promising high-grade rutile intercepts across a 24-kilometre strike at its Minta Project in Cameroon, advancing towards a maiden Mineral Resource Estimate expected in the second half of 2026.

Gorilla Gold has reported high-grade gold intersections well beyond its existing Mulwarrie resource, revealing significant potential for resource expansion and a broader exploration footprint across a 30km corridor.

Broken Hill Mines reveals a large, continuous zone of exceptionally high-grade silver-lead-zinc mineralisation at its Pinnacles Mine, with grades soaring up to 1,556g/t AgEq. The discovery bolsters plans for accelerated underground development alongside near-term open pit operations.

Belararox Limited has announced a significant discovery of a near-surface high-grade silver zone at its Toro Central prospect in Argentina, revealing promising polymetallic mineralisation. Follow-up drilling is underway to explore the extent of this newly identified silver-rich zone.

Kaiser Reef Limited has renewed Managing Director Brad Valiukas’ contract, reinforcing leadership continuity as the company targets strong production at Henty and growth at Maldon.