Latest Resource Development News

Elixir Energy has commenced drilling at the Lorelle-3 appraisal well in Queensland’s Taroom Trough, targeting significant gas resources with plans for advanced testing by mid-2026.

GoldArc Resources has identified four new blind gold mineralised zones at its Leonora South Gold Project through maiden aircore drilling, revealing promising shallow gold intercepts and polymetallic mineralisation at Jessop Creek.

Brightstar Resources is progressing its Sandstone Gold Project with a maiden Ore Reserve and Pre-Feasibility Study on schedule, aiming to establish a district-scale, long-life gold production centre in Western Australia.

Gold Mountain Limited has reported promising assay results from its Irajuba Prospect in Brazil, revealing significant extensions to rare earth mineralisation and setting the stage for expanded resource drilling.

European Resources Limited has accelerated its rare earths exploration and metallurgical programs in Finland, supported by a fully subscribed $1.6 million rights issue and a $546,750 placement. Key drilling and processing initiatives aim to unlock value amid rising global demand for critical minerals.

Sky Metals has launched a major drilling campaign at its Tallebung Tin Project, aiming to expand high-grade resources and update its Mineral Resource Estimate. Meanwhile, a metallurgical breakthrough at Doradilla confirms its potential as a second key tin asset.

Marvel Gold Limited has initiated a comprehensive drone-borne magnetic survey over its Hanang Gold Project in Tanzania and entered a binding agreement to divest its Yanfolila Gold Project in Mali, signalling a strategic shift in its asset portfolio.

Legacy Minerals has locked in $4 million through an underwriting agreement to ensure full exercise of its listed options, bolstering its cash reserves to $10 million for advancing exploration at Mt Carrington.

Enova Mining has completed over 65% of its diamond drilling program at the East Salinas rare earth project in Brazil, with initial assay results expected by early February. The drilling targets high-grade rare earth mineralisation across multiple prospects, aiming to confirm continuity and support resource development.

Greatland Resources reports robust December quarter drilling results at Telfer, advancing a record 240,000m FY26 program with standout high-grade intercepts at West Dome Underground and promising regional exploration progress.

West Wits Mining has upsized its institutional placement to A$33.74 million, anchored by a $10 million strategic investment from Tribeca Investment Partners, fully funding the Qala Shallows project ahead of first gold pour in March 2026.

Aruma Resources has executed binding agreements to acquire a majority interest in the Tillex Copper Project in Ontario, Canada, a high-grade copper-silver deposit with significant exploration potential. The company plans immediate exploration and resource development activities to unlock value in this strategically located asset.