Latest Resources Development News

Vulcan Energy has inked a €110 million fixed-price contract to build a geothermal power plant in Germany, a cornerstone for its Phase One Lionheart Project that aims to supply sustainable lithium and renewable energy for half a million electric vehicles annually.

The Supreme Court of Western Australia has approved Gold Fields’ acquisition of Gold Road Resources via a scheme of arrangement, setting the stage for a significant consolidation in the gold mining sector.

Nimy Resources has initiated a $2.5 million Share Purchase Plan offering eligible shareholders shares at a 15.28% discount, aiming to fund key resource projects and working capital.

Flagship Minerals reveals promising expansions at its 1.05 million ounce Pantanillo Gold Project in Chile, with many drill holes ending in mineralisation and potential for higher-grade zones near surface. The company aims to fast-track a JORC-compliant resource estimate and advance project development.

PhosCo Ltd reports outstanding phosphate assay results from its maiden drilling at the KM Prospect within the Gasaat Project, revealing some of Tunisia's highest grades and promising strong project economics.

Fulcrum Lithium’s Phase 2 drilling at Alkali Flats in Nevada reveals thick, high-grade lithium claystone mineralisation over a large area, advancing the project toward resource definition.

DeSoto Resources has reported the intersection of significant sulphide mineralisation in its ongoing drilling at the Spectrum Project in the Northern Territory, with assay results expected in October.

Renergen Limited and Springbok Solar Power Plant have resolved a protracted legal dispute over land use rights, enabling both the Virginia Gas and Springbok Solar projects to operate collaboratively in South Africa's Free State.

Kincora Copper Limited has regained 100% ownership of its Mongolian copper-gold assets after Orbminco Limited's withdrawal, positioning itself to advance exploration and development at the promising Bronze Fox project.

Resolution Minerals has begun a large-scale stream sediment sampling program at its Horse Heaven project in Idaho, aiming to uncover new critical mineral targets and validate geological links with Perpetua Resources’ adjacent Stibnite Gold Project.

Nimy Resources has launched a $2.5 million Share Purchase Plan offering shares at a 15.28% discount to eligible shareholders, aiming to accelerate copper exploration and finalize a gallium resource.

Estrella Resources has reported substantial high-grade supergene manganese intersections at its Ira Miri project in Timor-Leste, highlighting promising mineralisation near key infrastructure. Assay results are pending, but early visual estimates suggest significant resource potential.