Latest Resources Development News

New Murchison Gold Limited has officially commenced production at its Crown Prince Gold Mine ahead of schedule, marking its transition from explorer to gold producer. The company aims to ramp up to a 40,000 tonne monthly ore run rate by October 2025.

Enova Mining reports significant expansion of near-surface high-grade titanium, rare earth elements, and niobium mineralisation at its CODA Central Project in Brazil, highlighting the project's growing potential as a multi-commodity critical minerals source.

Geopacific Resources reports promising near-surface gold intercepts at its Woodlark Gold Project, highlighting new discovery potential adjacent to existing deposits and ongoing drilling to expand resources beyond 1.67 million ounces.

Marimaca Copper has raised A$80 million through a brokered placement to fund detailed engineering and exploration at its flagship Chilean projects, signaling strong investor confidence.

Cavalier Resources has raised $2.14 million through a discounted placement to fast-track drilling at its Crawford Gold Project, while continuing negotiations for a $11 million pre-payment deal.

Lion Selection Group has committed $0.5 million to Peregrine Gold’s $3 million placement, gaining a foothold in promising Pilbara gold and iron ore projects with significant exploration upside.

Flynn Gold has discovered a new high-grade gold vein at its Grenadier Prospect in Northeast Tasmania, marking a significant expansion of the Golden Ridge Project’s mineralised system. A maiden drilling program has been completed, with assay results eagerly awaited.

Verity Resources has successfully raised $3 million through a two-tranche placement to accelerate drilling and resource upgrades at its Monument Gold Project amid strong gold market conditions.

Larvotto Resources reports robust diamond drilling results at its Hillgrove project, confirming thick, high-grade gold-antimony mineralisation at Eleanora and Golden Gate. Exploration now shifts to promising new targets at Metz and Freehold.

Westgold Resources reports a significant 24% increase in gold Mineral Resources to 16.3 million ounces and a 5% rise in Ore Reserves to 3.5 million ounces, underpinning a decade-long Reserve life with robust milling capacity.

Lincoln Minerals has successfully raised $2.25 million through a renounceable entitlement issue and follow-on placement, positioning the company to advance key exploration projects in South Australia’s critical minerals sector.

Chilwa Minerals has verified rare earth elements in its first diamond drill hole at the Mposa anomaly within Malawi’s Chilwa Carbonatite system, marking a significant milestone in its critical minerals exploration program.