Latest Resource Development News

Legacy Minerals has initiated a 2,000-metre diamond drilling program at the Mascotte Silver-Gold Prospect, aiming to grow its substantial 115Moz silver-equivalent resource at Mt Carrington. This move follows promising historical data and recent rock chip assays confirming high-grade gold and silver mineralisation.

iTech Minerals has reported robust high-grade gold and antimony intersections from recent drilling at its Reynolds Range project in the Northern Territory, correcting historical data errors and boosting confidence in the deposit’s scale and predictability.

Sunshine Metals has expanded its drilling program at the Liontown deposit following exceptional near-surface gold and silver results, highlighting silver’s rising role alongside gold in the project’s value proposition.

Far East Gold has confirmed a 50-metre lateral extension of high-grade gold mineralisation at its Idenburg Project in Papua, Indonesia, with assay results from drillhole KSD027 revealing bonanza-grade intervals up to 175 g/t Au. This marks the fifth consecutive drillhole confirming robust gold zones, underpinning the prospect’s significant growth potential.

Larvotto Resources has reported multiple high-grade gold, antimony, and tungsten intercepts from diamond drilling at its Metz Mining Centre, reinforcing the potential for a significant resource upgrade later this year.

Beacon Minerals has reported robust assay results from 104 reverse circulation drill holes at its Iguana Deposit, confirming strong high-grade gold mineralisation at depth and reinforcing confidence in its geological model.

Haranga Resources has confirmed a significant continuous gold mineralised trend exceeding 800 metres at its Ibel South Gold Project in Senegal, with plans for deeper drilling in early 2026 to explore high-grade zones and untested anomalies.

Koonenberry Gold’s recent wide spaced RC drilling at the Hand in Hand Prospect confirms a 2km mineralised gold trend within the Enmore Gold Project, NSW, setting the stage for a major diamond drilling campaign to explore deeper high-grade targets.

Magmatic Resources has launched a significant 5,000-metre diamond drilling campaign at its Myall copper-gold project, backed by Fortescue under a $3.5 million FY26 exploration budget. The program targets multiple promising porphyry-style deposits, aiming to build on earlier encouraging results.

Elixir Energy has begun mobilising a drilling rig for the Lorelle-3 appraisal well in Queensland’s Taroom Trough, aiming to unlock commercial gas flows by mid-2026.

Magnetic Resources NL reports promising diamond drilling results at its Lady Julie North 4 gold deposit, indicating potential to expand the current 1.94 million ounce resource with significant underground extensions.

Black Cat Syndicate has revealed multiple new high-grade gold zones within the Fingals open pit at its Kal East operation, accelerating mining and processing plans for 2026. These discoveries reinforce the long-term potential of the project and support an expansion of processing capacity.