Latest Resource Expansion News

Godolphin Resources has reported a substantial upgrade to its Lewis Ponds gold, silver, and base metals resource, alongside successful capital raising to fund ongoing development and exploration.

Everlast Minerals Ltd has successfully completed its IPO, raising $6 million and commencing ASX trading under ticker EV8, setting the stage for advancing its mineral sands projects in Bangladesh.

Toubani Resources has made significant strides in advancing its Kobada Gold Project, reporting promising drilling results and securing a substantial A$395 million funding package to support project development.

Hillgrove Resources has accelerated production at its Nugent centre ahead of schedule, driving an 8% rise in copper output and reducing costs. A $28 million capital raise will fund further development and exploration, underpinning growth prospects.

Wia Gold Limited has delivered a robust Scoping Study for its Kokoseb Gold Project in Namibia, confirming strong production potential and cost efficiency. The company also secured A$30 million to accelerate exploration and development activities.

Alvo Minerals has confirmed significant zinc and copper anomalies at its newly discovered Touro Prospect within the Palma VMS Project in Brazil, positioning it as the next major drill target. Extensive geochemical and geophysical surveys underpin this promising development.

Focus Minerals reported a record gold pour in August 2025 and steady production at its Coolgardie Gold Project, supported by operational efficiencies and exploration progress.

Nelson Resources has submitted a Program of Work for an extensive drilling program at its Yarri Gold Project, with MEGA Resources set to fully fund operations up to $10 million. Drilling is expected to begin shortly after regulatory approval.

American Uranium Limited has kicked off Phase 1 of its resource expansion drilling at the Lo Herma ISR uranium project in Wyoming, backed by a $4.5 million capital raise led by strategic investor Snow Lake Energy. The company aims to update its resource estimate early next year as it advances towards production.

Brazilian Rare Earths Limited has inked a decade-long heavy rare earths offtake deal with Carester and announced a major maiden resource at its Amargosa bauxite project, backed by a $120 million capital raise to accelerate development.

Kalgoorlie Gold Mining has significantly extended the Lighthorse gold prospect at its Pinjin Project, doubling the strike length and commencing its largest reverse circulation drill program to date. The company also bolstered its cash reserves to $5 million, positioning itself for a busy exploration phase.

Westgold Resources kicked off FY26 with strong production and a $180 million underlying cash build, underpinned by a 24% rise in mineral resources and a confident three-year outlook targeting nearly 470,000 ounces of gold by FY28.