Latest Resource Expansion News

The week was split between big earnings reactions and small-cap rocks-and-rigs rallies. Pro Medicus sank despite record numbers, while a handful of explorers jumped on fresh discoveries and policy wins.

Explorers led the Materials tape as fresh drill stories and new ground deals pulled buyers into small caps. Big miners still delivered, but the loudest moves came from companies offering investors a near-term catalyst.

Sky Metals Limited has raised $20.5 million through a share placement to accelerate development of its flagship Tallebung Tin Project in NSW, positioning the company for near-term tin production.

Alkane Resources Limited reported a significant jump in Q2 2026 production and revenue following its acquisition of Mandalay Resources, reaffirming its full-year guidance amid strong operational performance.

Alkane Resources Ltd has reported a remarkable half-year surge in revenue and profit, driven by its strategic merger with Mandalay Resources Corporation and soaring gold prices.

Cobre Limited has secured A$60 million to acquire a majority stake in the Sierra Atacama Copper Project in Chile, positioning itself as a significant copper producer with strong expansion potential.

Kuniko Limited has commenced its first diamond drilling campaign at the Commonwealth Gold-Silver Project in NSW’s Lachlan Fold Belt, targeting extensions to known high-grade mineralisation. The Phase 1 program aims to expand the resource base and unlock district-scale potential.

American Uranium has launched its 2026 drilling campaign at the Lo Herma ISR uranium project in Wyoming, aiming to expand and upgrade its mineral resource ahead of key updates this year.

Dateline Resources reports strong diamond drilling results at its Colosseum Gold-REE Project, confirming high-grade gold mineralisation beyond current resource boundaries and advancing plans for mine life extension.

LinQ Minerals has reported a major shallow gold and copper discovery 160 metres south of its Gidginbung open pit, revealing thicker and higher-grade mineralisation than previously expected. This breakthrough could significantly expand the resource potential of the Gilmore Project in New South Wales.

Lefroy Exploration has launched its inaugural toll milling campaign at the Lucky Strike Gold Mine, with first gold production expected by mid-February amid strong gold prices. The company is also advancing drilling to expand the mine’s footprint.

Rumble Resources has reported significant high-grade gold intercepts extending mineralisation at Western Queen South to over 500 metres down plunge, alongside strong early drilling results at Western Queen Central. These findings underpin an updated gold resource estimate planned for later this year.