Latest Resources Development News

Evolution Energy Minerals Limited has announced a renounceable pro-rata entitlement offer to raise up to $4.03 million, aiming to fund exploration and development of its Tanzanian copper and graphite assets. The offer includes free attaching options and is partially underwritten, reflecting both opportunity and risk amid regulatory challenges.

Evolution Energy Minerals has announced a $4 million renounceable entitlement offer priced at 1.5 cents per share, including free attaching options, with major shareholder Metals One Plc committing $1 million.

BPM Minerals has raised A$3.5 million in a placement anchored by Terra Capital and Tribeca Investment Partners to accelerate exploration at its promising Forelands Gold Project in Western Australia.

St Barbara Limited has expanded its Nova Scotia exploration portfolio with 44 new targets near its 15-Mile Processing Hub, aiming to extend the mine life beyond 11 years. The company has acquired 174 exploration licences and plans extensive drilling and sampling in 2026.

Alice Queen Limited has successfully raised an additional $280,000 from unrelated investors, increasing the size of its tranche two placement to fund key exploration projects and working capital.

Westar Resources outlines ambitious 2026 exploration plans across Western Australia and the Northern Territory, focusing on gold and base metals with new drilling and sampling programs.

NexGen Energy is advancing through the final Canadian Nuclear Safety Commission hearing for its Rook I uranium project, buoyed by strong Indigenous community support and over a decade of environmental and social groundwork.

Breakthrough Minerals is set to launch a significant drilling campaign at its Hazel Creek Copper-Gold Project in Queensland, aiming to expand resources and unlock new mineralisation zones following its acquisition of the Queensland Copper-Gold Project.

Paterson Resources has reported encouraging initial assay results from its Grace Gold-Copper Project, revealing wide zones of shallow gold mineralisation. With Phase II drilling on the horizon, the company aims to upgrade its resource estimate and explore production pathways.

Aldoro Resources has identified significant copper-gold targets at its Damara Gold Project in Namibia through detailed geophysical and geochemical surveys, setting the stage for upcoming drilling campaigns.

Adavale Resources has reported robust Phase 2 drilling results at its London-Victoria Gold Mine, confirming significant gold mineralisation continuity and expansion potential. An expanded Phase 3 drilling program has now commenced to build on this momentum.

GoldArc Resources kicks off 2026 with promising exploration results at its Leonora North Gold Project, revealing two new high-priority gold anomalies and planning extensive drilling programs to expand its resource base.