Latest Resources Development News

Tolu Minerals has secured a $60.5 million capital raise and appointed Dr Chris Muller as CEO, setting the stage for a production restart at Tolukuma Gold Mine in the second half of 2026 alongside a major drilling program.

Nimy Resources has completed a major drilling campaign confirming high-grade gallium mineralisation and made significant copper-nickel discoveries at its Mons Project in Western Australia, while forging strategic ties with US partners to advance its critical minerals ambitions.

Cavalier Resources has raised $2.14 million through a discounted share placement to fund a 5,000m extensional drilling program at its Crawford Gold Project, aiming to underpin future mining stages. The revised Pre-Feasibility Study confirms robust economics with a strong NPV and IRR.

Arcadia Minerals has secured a binding farm-in agreement with Kaoko Metals for its Karibib Copper Gold Project, unlocking immediate cash and future equity incentives while advancing exploration partnerships across its Namibian portfolio.

AXP Energy has drilled its inaugural vertical well in Oklahoma following a significant lease acquisition and raised A$2.7 million to fund exploration, while production in Colorado declined due to operational challenges.

North Stawell Minerals reported a solid cash inflow from financing activities in Q3 2025, supporting its exploration efforts despite operating cash outflows. The company is finalizing a capital raise to extend its runway.

Pacific Lime and Cement Limited has taken a decisive step forward with the Final Investment Decision for its Central Lime Project in Papua New Guinea, initiating full-scale construction and early sales. The company also advances renewable energy plans and strategic rebranding to solidify its regional presence.

Beacon Minerals reported solid gold production of 6,884 ounces in Q3 2025 with a strategic focus on expanding its Iguana deposit and maintaining a robust gold retention strategy.

Avira Resources has secured a binding agreement to acquire the high-grade Mt Cattlin Gold Project and raised $2.5 million in firm commitments, positioning itself for significant exploration activity in Western Australia and Sweden.

TG Metals Limited reports strong progress in its September quarter with successful stockpile metallurgy, high-grade laterite discovery at Van Uden, and expanded soil geochemistry targets at both Van Uden and Gold City projects.

Verity Resources reports robust Phase 1 drilling results at its Monument Gold Project, secures full ownership of Botswana copper-silver assets, and confirms significant rare earth mineralisation in Brazil, underpinning its growth strategy.

Taiton Resources has completed key soil sampling programs targeting gold and rare earth elements at its South Australian projects, alongside heritage surveys and regulatory steps, supported by a recent $2 million capital raise.