Latest Resource Expansion News

Redcastle Resources has cleared key regulatory hurdles at Queen Alexandra and Redcastle Reef, setting the stage for mining operations and potential first gold revenues in 2026 under a capital-light joint venture with BML Ventures.

Asara Resources has appointed CEO Matthew Sharples as Managing Director, underscoring his leadership as the company pushes ahead with exploration at its flagship Kada gold project in Guinea.

Tennant Minerals has reported a significant diamond drilling intersection at its Bluebird discovery, revealing 19.7 metres of intense copper-gold-bismuth mineralisation and potential to more than double the resource footprint. The company also advances a feasibility study for a regional processing facility backed by government grants.

Cavalier Resources has boosted the net present value of its Stage 1 Crawford Gold Project by 50% to A$77.2 million in an updated Pre-Feasibility Study, despite rising costs. The company secured a US$18.7 million gold sale agreement and raised $4 million to fund pre-production activities.

Horseshoe Metals has unveiled a new copper Exploration Target of up to 3.6 million tonnes at its Motters Zone, while advancing Direct Shipping Ore operations supported by strong copper prices and precious metals credits.

Cobre Limited has secured majority control of the Sierra Atacama Copper Project in Chile through a $60 million capital raise, marking its transition from explorer to producer. The company plans extensive drilling and operational upgrades to boost production and resource confidence.

Mount Ridley Mines has reported a substantial inferred mineral resource for heavy rare earths and scandium at its Western Australian project, underpinning its multi-element development strategy.

Breakthrough Minerals has completed its full acquisition of the North Queensland Copper-Gold Project, securing a substantial resource base and initiating a drilling campaign at Barbara, signalling a new phase of exploration and development.

Aureka Limited extends its Victorian gold resource ambitions with strong drilling results at Irvine and Comstock, backed by fresh geophysical data and secured tenure.

Marquee Resources has significantly increased its Mt Clement inferred antimony resource and is advancing drilling and strategic partnerships to develop its flagship project.

Boab Metals has secured a A$236 million syndicated loan and final regulatory approvals, accelerating construction at its Sorby Hills Silver-Lead-Zinc Project with production on track for H2 2027.

Encounter Resources (ASX:ENR) has reported a major 83% increase in the Green deposit’s inferred niobium resource at its Aileron project, lifting the combined inferred mineral resource by 54%. Meanwhile, copper-gold drilling advances in the Paterson Province as the company targets Havieron-style systems.