Latest Resources Development News

West Coast Silver will begin an 18-hole diamond drilling campaign at Elizabeth Hill in October, targeting resource upgrades, western extensions and a newly defined high-grade zone. The results are intended to feed Mineral Resource Estimate updates and a scoping study in 2027.

Alice Queen has outlined a potentially lucrative Horn Island development case, but the numbers remain preliminary and depend on further drilling, approvals and funding. The gold explorer ended FY2026 with a A$3.55 million loss and A$3.6 million in cash.

Mount Ridley Mines has reported broad, shallow scandium intersections extending up to 8km beyond the Grass Patch Project’s current Block 1 and Block 2 resource boundaries. The results could support a larger JORC resource, but the company has yet to convert the exploration footprint into an updated estimate.

North Stawell Minerals has used a conference presentation to position Darlington and Darlington West as its leading tests of the Stawell gold model, while outlining a broader Victorian exploration pipeline. The company stresses that the drilling results and resource figures presented have been previously reported, making follow-up work rather than a fresh discovery the key investor question.

Core Energy Minerals (ASX:CR3) has secured $3.025 million through a discounted share placement to fund drilling and resource definition at its Nova Uranium Project in Namibia’s Erongo province.

Marmota Limited has ramped up its maiden drilling campaign at the Greenewood gold discovery to 31,000 metres, focusing on the Mainwood zone to extend mineralisation and support an upcoming scoping study.

Terrain Minerals has reported metallurgical leaching results from its Larin’s Lane Prospect showing rare-earth element recoveries up to 99% using methanesulphonic acid, alongside promising scandium and gallium extraction, setting a technical foundation for resource development.

ABx Group has kicked off a targeted rare earth drilling campaign in northern Tasmania, deploying a proprietary rapid testing technique to accelerate exploration and refine resource understanding.

Tivan Limited’s Stage Two drilling at the Sandover Fluorite Project delivers broad, high-grade fluorite intersections up to 74.3% CaF2, validating exploration models and setting the stage for a maiden resource estimate.

D3 Energy has successfully cased and cemented two wells at its Nooitgedacht project in South Africa, detecting gas in both despite challenging reservoir conditions. Testing awaits reservoir pressure normalization.

Industrial Minerals Ltd has finalised its takeover of Galleon Metals, adding a 205km² gold exploration portfolio in WA’s Eastern Goldfields. The company also announced key board appointments, including a new Managing Director with direct Laverton expertise.

NewPeak Metals has finalised its second tranche placement, issuing over 231 million shares and raising $2.86 million before costs, including repayment of director entitlements.