Latest Resource Expansion News

European Resources Limited has closed a renounceable rights issue raising $2.57 million before costs, issuing 171.4 million new shares and options to fuel exploration and metallurgical programs in Finland and Slovakia.

Prospect Resources has kicked off an extensive Phase 3 drilling program at its Mumbezhi Copper Project in Zambia, aiming to expand and upgrade its copper resources with a 26,000-metre campaign supported by geophysical surveys and metallurgical studies.

Galileo Mining’s latest diamond drilling at Norseman reveals a newly identified ultramafic sill with 109 metres of PGM mineralisation, reinforcing the project’s potential for multiple stacked intrusive systems along extensive strike lengths.

Catalyst Metals reports a 75% expansion of the high-grade underground gold zone at Cinnamon, challenging existing geological models and supporting plans for increased production from the Plutonic Gold Belt.

Resolute Mining’s scoping study for its ABC Project in Côte d’Ivoire outlines a robust 12-year open pit gold operation with strong economic metrics, including a post-tax NPV of US$1.2 billion and a 39% IRR at US$3,500/oz gold.

Black Bear Minerals has boosted its Independence Project resource in Nevada to 2.2 million ounces gold equivalent, including a standout 1Moz high-grade skarn at 6.3g/t gold, achieved at a mineral growth cost of just AU$4.71 per ounce.

Atomic Eagle’s initial drilling results at Chisebuka reveal a significant expansion of a higher-grade uranium zone, reinforcing the company’s 2026 resource growth ambitions at its flagship Muntanga Project in Zambia.

Ballymore Resources launches a $3.24 million pro-rata entitlement offer priced at 12.5 cents per share, sweetened with free attaching options exercisable at 22 cents, to fund ongoing Queensland exploration and development.

Orbminco is set to begin a 2,500m drilling program at Majestic North aimed at upgrading inferred resources, testing structural controls on high-grade gold, and probing for primary mineralisation beneath the deposit.

Mithril Silver and Gold has reported robust drilling results at its Copalquin project in Mexico, confirming high-grade gold and silver mineralisation extending 300 metres beyond the 2021 resource boundary and supporting a significant resource upgrade due in June 2026.

Rimfire Pacific Mining has launched a metallurgical study targeting cost-effective extraction of low iron scandium from its Murga deposit, aiming to confirm economic viability through atmospheric leaching methods.

Turaco Gold has delivered strong drilling results at its Afema Gold Project, extending mineralisation and supporting resource growth ahead of the June 2026 Pre-Feasibility Study.