Latest Resource Extension News

Brightstar Resources reports strong diamond drilling results at its Sandstone Hub, highlighting high-grade gold intercepts that underpin an imminent Mineral Resource upgrade and ongoing pre-feasibility studies.

Small caps stole the spotlight, with a handful of stocks doubling on deal news and early-stage project updates. Large miners were steadier, but even they couldn’t fully escape the week’s sharp gap moves.

EV Resources has successfully produced its first metallic antimony ingots from the Los Lirios project in Mexico, validating a low-cost smelting process and advancing its strategy to supply the North American market.

TG Metals Limited has reported significant new drilling results from its Van Uden Gold Project, revealing thick, high-grade gold intercepts that extend mineralisation beyond current resource boundaries. These findings underpin an upcoming resource update and signal promising development prospects.

Tivan Limited has taken significant steps forward at its 100% owned Molyhil Tungsten Project, awarding major engineering contracts and preparing for a maiden drilling program aimed at expanding its resource base.

The week was split between big earnings reactions and small-cap rocks-and-rigs rallies. Pro Medicus sank despite record numbers, while a handful of explorers jumped on fresh discoveries and policy wins.

Explorers led the Materials tape as fresh drill stories and new ground deals pulled buyers into small caps. Big miners still delivered, but the loudest moves came from companies offering investors a near-term catalyst.

Gorilla Gold has secured critical drilling permits for its Comet Vale Gold Project, enabling exploration on high-priority, previously untested targets and expanding its resource potential. New tenure acquisition further broadens the project’s footprint in Western Australia.

Great Boulder Resources has extended high-grade gold mineralisation below its existing 1Moz resource at the Side Well Gold Project in Western Australia, with new drilling revealing promising deep intersections at Ironbark and strong results at Mulga Bill and Flagpole.

Kairos Minerals has received the final $10 million payment from Pilbara Minerals under a key tenement sale, lifting its cash reserves to $35 million and setting the stage for expanded exploration and feasibility studies at the Mt York Gold Project.

Western Mines Group has revealed a landmark nickel sulphide discovery at its Mulga Tank project in Western Australia, boasting 5.3 million tonnes of contained nickel and ranking among the world’s top 10 deposits.

Kalamazoo Resources has successfully closed an oversubscribed Share Purchase Plan, raising $4.1 million to fast-track drilling and development at its Ashburton Gold Project. Combined with a recent placement, the company secures $12.1 million to advance exploration and pre-feasibility studies.