Latest Resource Management News

Infini Resources has refined its geological model at the Portland Creek uranium project, identifying new high-priority targets for an August 2025 Phase 2 drilling campaign. Despite challenges in Phase 1, the company remains optimistic about unlocking a major discovery in Newfoundland.

Vection Technologies has won a $7.2 million extension to its existing defence contract with a European client, reinforcing its role in a multi-year digital transformation program backed by a $19 million budget through FY29.

Horizon Oil reports a 9% decline in net Proved and Probable reserves to 9.0 million barrels of oil equivalent, offset partially by a life extension at Maari. A significant acquisition in Thailand is set to materially increase reserves in the near term.

Lightning Minerals has completed a pivotal site visit to the Mt Turner Gold Project in Queensland, confirming multiple promising drill targets along the 14km Drummer Fault. With soil sampling underway and a 1,000m drilling program planned post-EGM, the company is poised to unlock significant gold and copper potential.

Indiana Resources appoints seasoned mining executive Matthew Bowles as Managing Director to spearhead expansion at its Minos Gold Project, while promoting John Fitzgerald to COO amid a strong cash position.

Yandal Resources reports promising initial assay results from its extensive Caladan air-core drilling program, revealing continuous gold mineralisation over more than 800 metres at the Arrakis Prospect. These findings bolster the prospect’s geological potential within the Yandal Greenstone Belt.

Verity Resources has appointed Dr Rick Gordon and Xirlatem Pty Ltd as strategic advisors to accelerate resource upgrades and expansion at its Monument Gold Project in Western Australia.

New World Resources Limited has agreed to a Takeovers Panel undertaking restricting share issuance to Central Asia Metals PLC pending regulatory proceedings. This move follows an application by Kinterra Capital and could influence the company’s capital raising plans.

Lode Resources has reported impressive high-grade antimony and silver intercepts from its ongoing drilling program at the Montezuma Project in Tasmania, revealing new lodes and extending mineralisation.

Strickland Metals has agreed to sell its Yandal Gold Project to Gateway Mining for A$45 million in equity, enabling a strategic pivot to its substantial Rogozna Project in Serbia. Shareholders will receive most of the Gateway shares through an in-specie distribution, maintaining exposure to Yandal’s future potential.

Gibb River Diamonds advances key permits for its Edjudina Gold Project, aiming to begin mining at the Neta Prospect by August 2025 with minimal financial risk.

Dateline Resources’ Managing Director Stephen Baghdadi has exercised over 53 million options, injecting more than $1 million into the company and increasing his shareholding to nearly 13%. This capital boost aims to accelerate exploration and development at the promising Colosseum Gold and Rare Earth Elements Project in California.