Latest Resource Expansion News

Capricorn Metals reports a 13% increase in Mineral Resources at its Mt Gibson Gold Project, highlighted by maiden underground resources and promising high-grade gold intercepts, alongside a strategic acquisition expanding its footprint in Western Australia.

Stellar Resources advances exploration at its East Renison Project near Tasmania’s Renison Tin Mine, backed by a $55,000 government drilling grant targeting high-grade polymetallic zones.

GTi Energy has marked a pivotal quarter with a positive scoping study for its Lo Herma uranium project in Wyoming, securing $4.5 million in funding led by Snow Lake Energy and gaining regulatory approval to begin drilling this September.

Lefroy Exploration has released final assay results from its Lucky Strike gold deposit, confirming a robust high-grade, near-surface gold model and advancing plans for mining operations in 2025.

Antipa Minerals has consolidated its Minyari Project into a 4,100km² belt-scale asset, updated its resource base to 3 million ounces gold equivalent, and secured $70.6 million in cash to accelerate exploration and development.

Orbminco Limited has acquired the Majestic North Gold Project in Western Australia for $3.4 million plus royalties, unlocking near-term mining potential and significant exploration upside. Drilling programs are already in progress to validate and expand the resource.

Asara Resources has raised $25 million through a well-supported institutional placement to accelerate exploration at its promising Kada Gold Project in Guinea. The capital injection aims to expand drilling and resource growth over the next 12-18 months.

Horizon Gold has completed a major drilling campaign at its Gum Creek Gold Project, delivering high-grade gold intercepts and advancing its feasibility study on track for early 2026. A $12 million capital raise post-quarter end aims to fund further exploration and project development.

African Gold Ltd has kicked off its largest-ever 40,000-metre drilling program at the Didievi Gold Project in Côte d'Ivoire, aiming to build on a recently defined near-surface 989,000-ounce gold resource.

Greenvale Energy has initiated its first-ever drilling program at the Oasis Uranium Project in Queensland, aiming to validate and extend known uranium mineralisation with advanced techniques.

QMines Limited reports promising high-grade copper and zinc intersections from its maiden drilling at Sulphide City, bolstering confidence in the Develin Creek project’s potential.

Chilwa Minerals reports encouraging metallurgical testwork from its Mposa Deposit, confirming the potential for commercial-grade ilmenite and promising by-products including zircon and rare earth minerals. These findings will shape the upcoming Scoping Study and flowsheet design.