Latest Resources Development News

Auravelle Metals reports strong preliminary metallurgical results from its Sheoak Prospect, confirming high gold recoveries and non-refractory mineralisation amenable to conventional processing.

Anson Resources has confirmed a 2,500-metre extension of uranium-vanadium mineralization at its Yellow Cat Project in Utah, with assay results indicating proximity to high-grade zones. Phase 2 drilling and environmental surveys are underway to upgrade a historical resource to JORC 2012 standards.

South32 has boosted the Sierra Gorda copper mine’s Ore Reserves by 61%, extending its reserve life by five years to 2045, underpinned by extensive infill drilling and a planned processing expansion.

Woodside Energy delivered a strong first half in 2026, with revenue up 13% to $7.45 billion, net profit after tax reaching $1.67 billion, and key LNG and oil projects advancing on schedule. The company declared a fully franked interim dividend of 57 US cents per share amid ongoing global market volatility.

Enova Mining delivers promising metallurgical results from its Poços de Caldas project, revealing neodymium-praseodymium recoveries up to 79% and confirming high-grade near-surface rare earth mineralisation.

West Coast Silver has installed Serge Smolonogov as CEO, consolidating leadership to drive resource growth and project evaluation at its high-grade Elizabeth Hill silver project.

Auris Minerals cut its annual loss to $604,506 and is gearing up for key drilling at Morck Well while progressing mining studies at Forrest, backed by a $3.05 million cash buffer.

Noble Helium is set to acquire Earth Source Hydrogen, gaining control of 40,000 square kilometres of helium prospective acreage in Western Australia’s Southern Carnarvon Basin. This strategic move complements its Tanzania project and positions the company to tap into growing global helium demand.

Western Gold Resources has lifted the Gold Duke Project’s Mineral Resource to 277,000 ounces of gold, marking a 29% increase in contained gold and a significant jump in resource confidence following extensive drilling.

Elk Range Mining has begun its first diamond drilling campaign at the Friday Gold Project in Idaho, aiming to validate historical high-grade gold and build a modern resource base.

Westgold Resources reports a 41% jump in gold Ore Reserves to 4.1 million ounces with a 15% grade uplift, achieved at a notably low reserve addition cost of $27 per ounce. The company plans to invest up to $75 million in exploration drilling in FY27 to sustain this growth trajectory.

Buru Energy has boosted its Ungani oil field’s 2C Contingent Resources by around 200%, lifting recoverable oil estimates to 660,000 barrels while exploring new, lower-cost production and local refining options.