Latest Resource Expansion News

Verity Resources is set to begin a 3,600m drilling campaign at its Monument Gold Project in Western Australia, aiming to upgrade and expand its existing gold resource. The program targets increasing confidence in the Korong deposit and advancing towards a mining licence.

BMG Resources confirms a substantial gold system at its Abercromby Gold Project through Phase 1 drilling results, validating its geological model and setting the stage for resource expansion. The company is advancing plans for Phase 2 drilling and a scoping study to explore commercial mining potential.

St Barbara Limited has reported significant high-grade gold intercepts from its FY25 drilling program at Simberi Operations, revealing promising sulphide mineralisation beneath existing open pit reserves. With assay results pending for 20 more holes, the company anticipates further resource upgrades.

Coda Minerals has submitted the Draft Scoping Report for its Elizabeth Creek Copper-Cobalt Project, marking a pivotal step in securing mining lease approvals in South Australia. This milestone reduces regulatory uncertainty and sets a clear path toward project development.

GTi Energy has raised $2.5 million from the first tranche of a $4.5 million placement to fund drilling at its Lo Herma uranium project, with key permits expected in August and a strategic investment from Snow Lake Energy pending shareholder approval.

Brightstar Resources has launched its second phase of drilling at the Yunndaga deposit, aiming to expand and refine its gold resource as part of a fast-tracked development plan at the Menzies Hub.

American West Metals reports promising visual copper mineralisation from deep drilling and identifies multiple new targets via advanced geophysics at its Storm Copper Project in Nunavut, Canada.

Castle Minerals’ recent drilling at the Kandia Gold Project in Ghana reveals well-defined gold mineralisation extending to 150 metres depth, underpinning a promising multi-deposit corridor. Follow-up exploration is set to expand these findings across the prospective Wa East tenure.

Black Cat Syndicate has significantly expanded its Paulsens Gold Operation tenure by acquiring three new tenements near the Big Sarah prospect, revealing extensive gold-bearing vein corridors. With high-grade historical and recent assay results, the company is poised to advance drilling plans in the coming quarter.

Zenith Minerals has successfully raised A$3.5 million through a fully underwritten rights issue, positioning the company to fast-track exploration and resource growth at its key gold projects in Western Australia and Queensland.

Native Mineral Resources has raised A$10 million through a share placement to fund the ramp-up of gold production at its Blackjack plant in Queensland, following its first gold pour ahead of schedule.

Blackstone Minerals has revealed significant surface copper and gold mineralisation adjacent to its flagship Mankayan project in the Philippines, setting the stage for expanded exploration and development.