Latest Resource Expansion News

Southern Hemisphere Mining and partner FMR Resources have reported broad gold-copper-molybdenum mineralisation at the Southern Porphyry target in Chile, confirming a large porphyry system. Despite fertile intrusive phases intersected, the mineralised core remains elusive, setting the stage for targeted Phase II drilling.

Solstice Minerals has successfully closed a $32.6 million placement and raised an additional $0.81 million through option exercises, issuing nearly 35 million new shares now available for immediate trading.

MinRex Resources has finalized its merger with Electrum Discovery, creating a well-funded ASX-listed explorer with advanced gold and copper projects in Serbia and Australia. The deal brings Electrum’s Tlamino Gold Project and Timok East Copper-Gold targets into MinRex’s portfolio, alongside its existing Sofala Gold Project in New South Wales.

Power Minerals has completed due diligence on the Morro do Ferro rare earths project in Brazil, revealing exceptional magnetic rare earth oxide grades that underpin plans to finalise acquisition and ramp up exploration.

Rimfire Pacific Mining has boosted its Murga Scandium Deposit resource by 300%, lifting the inferred mineral resource to 56.1 million tonnes at 138ppm scandium. The deposit’s low iron content hints at potential cost savings via atmospheric leaching, with follow-up drilling and metallurgical tests slated for mid-2026.

Koba Resources has launched a 2,500m drilling campaign at its Everest Prospect within the Yarramba Uranium Project, aiming to expand on last year’s high-grade uranium discoveries across a 4km strike. Results are anticipated in May as the company targets thicker, higher-grade zones amid a strong uranium market.

Kairos Minerals has boosted its Mt York Gold Project resource estimate to 2.08 million ounces, marking a 50% increase in contained gold and setting the stage for an aggressive 2026 drilling and feasibility campaign.

GoldArc Resources and BML Ventures report strong high-grade gold intercepts from a 34,000m grade control drilling program at Mt Stirling, accelerating the path to mining with zero capital risk for GoldArc.

Critical Resources (ASX:CRR) has launched a systematic surface exploration program at the underexplored Corona Pegmatite Field, aiming to expand its Mavis Lake lithium resource in Ontario, Canada. The initiative complements the Gullwing exploration and supports CRR’s vision of developing a multi-deposit lithium district.

Redcastle Resources has delivered robust assay results from infill drilling at its Queen Alexandra deposit, confirming mineralisation continuity and expansion below the current pit design. The company plans a substantial grade control drilling program to sharpen mine planning within a 1.7 km gold corridor.

Lunnon Metals reveals the Lady Herial gold system plunges over 500 metres and nears the Foster nickel mine underground, opening avenues for integrated gold and nickel exploration in the prolific Kambalda-St Ives camp.

Auric Mining outlines a bold growth plan centered on Kalgoorlie, targeting 25,000–30,000 ounces of gold production from 2028 with a new processing facility and multiple project acquisitions.