Latest Resources Development News

Iron Bear Resources has received crucial exploration approvals from Newfoundland authorities, paving the way for a major drilling program aimed at expanding its vast iron ore resource in partnership with Vale S.A.

Godolphin Resources has revealed a significant 21% increase in gold recovery at its Lewis Ponds Project through the integration of gravity recoverable gold processing, potentially enhancing the project’s already robust economics.

Belararox Limited has announced a significant discovery of a near-surface high-grade silver zone at its Toro Central prospect in Argentina, revealing promising polymetallic mineralisation. Follow-up drilling is underway to explore the extent of this newly identified silver-rich zone.

Strike Energy has announced a 19% increase in its 2P gas reserves at the West Erregulla field, now standing at 251 PJ net to the company, alongside promising upgrades at Erregulla Deep and new resource prospects across its Perth Basin licences.

Atlantic Lithium has raised up to US$16.4 million through strategic Ghanaian pension fund investments and a placement with Long State Investments, advancing its flagship Ewoyaa Lithium Project towards production.

Pacgold Limited is advancing its White Dam Gold Project with 95% completion of the Vertigo drilling program, delivering strong assay results that support an imminent resource upgrade. Operational milestones include commissioning of heap leach pad crushing, setting the stage for a production ramp-up.

Saturn Metals has reported compelling high-grade gold assay results from its Titan Zone at Apollo Hill, reinforcing the potential of the Iris Footwall structure. These results pave the way for a resource update and feasibility study progress.

Forrestania Resources has begun mining and delivering ore to Westgold’s Higginsville hub, marking its official transition from explorer to gold producer. The company is also refurbishing its own Lake Johnston facility to establish independent processing capabilities.

Fortuna Metals has appointed two seasoned technical consultants to fast-track resource development and metallurgical planning at its Mkanda rutile and graphite project in Malawi, signalling a move towards resource estimation and potential commercialisation.

Asian Battery Metals has exercised its option to acquire the Maikhan Uul Copper-Gold Project in southwestern Mongolia, adding a strategically significant asset to its portfolio with confirmed high-grade mineralisation and a long-term mining licence.

Evolution Energy Minerals has successfully closed an oversubscribed $4 million rights issue, supplemented by a $150,000 follow-on placement, bolstering funds for key exploration and development projects.

Odyssey Gold Limited has reported promising assay results from metallurgical drillholes at its Tuckanarra Project, highlighting significant gold grades that surpass historic drilling. These findings underpin ongoing mining proposals and future resource upgrades.