Latest Resources Development News

Viking Mines has achieved a significant metallurgical breakthrough at its Linka Tungsten Project, boosting recovery to 76.0% with a 56.9% WO3 concentrate grade, surpassing previous targets and reinforcing a low-capex processing approach ahead of maiden drilling.

Magnum Mining’s initial 24 auger holes at Piracanjuba North all intersected near-surface rare earth mineralisation, showing promising grades and high desorption rates that suggest efficient extraction potential under mild conditions.

Infinity Metals has submitted a drilling approval request for its 100% owned Yambacoona Tin Project in NSW, aiming to test promising geophysical targets amid a booming tin market.

Prodigy Gold has won a $112,152 co-funding grant from the Northern Territory Government to drill a 600m hole at its Hyperion Gold Deposit, targeting a major untested geophysical anomaly that could expand the 454,000-ounce resource.

Fortuna Metals has produced 66kg of high-grade rutile concentrate from its Mkanda project bulk sample and is progressing drilling programs ahead of a maiden inferred resource estimate expected by early July 2026.

Critical Resources has identified 14 pegmatite bodies, including six new ones, at its Mavis Lake Lithium Project, setting the stage for targeted drilling in 2026 as part of its multi-deposit lithium district strategy.

Alice Queen Limited has pushed back the closing date for its partially underwritten rights issue to 19 June 2026, giving shareholders more time to subscribe at 0.9 cents per share.

Greenwing Resources has renewed its Que River mining lease through to 2035, solidifying tenure and enabling advancement of its two-stage development strategy focused on mining restart and data infrastructure opportunities.

Yari Minerals has rebranded as Yari Resources and appointed Courtney Taylor as Managing Director to sharpen its focus on Queensland’s Bowen Basin coal assets. The company is advancing its Rolleston South project with a technical review and performance incentives for directors.

Richmond Vanadium Technology (ASX: RVT) has signed a binding collaboration with RKP Global to jointly develop vanadium flow battery and long-duration energy storage projects in Australia, advancing its mine-to-battery strategy.

Arika Resources has completed its acquisition of 100% ownership of the Yundamindra and Kookynie gold projects, consolidating control over key assets in Western Australia’s Eastern Goldfields and setting the stage for accelerated exploration.

EV Resources has locked in agreements covering more than 50% of its Tecomatlán Processing Plant's feedstock capacity through four non-binding MOUs, advancing its path to near-term antimony production amid global supply tightness.