Latest Resources Development News

Chariot Resources has confirmed high-grade lithium mineralisation at its Fonlo and Iganna projects in Nigeria, with assays returning up to 5.96% lithium oxide. The results reinforce the potential for near-term production and resource expansion within its Nigerian lithium portfolio.

St George Mining’s Araxá Project in Brazil gains significant government and community support, highlighting its potential as a world-class rare earths and niobium resource with sustainable mining at its core.

Dart Mining NL reports consistent massive stibnite intersections across a 300m strike at its Coonambula Antimony-Gold Project, advancing drilling efforts and aiming for a JORC-compliant resource. The project’s potential is bolstered by historical and recent high-grade antimony and gold mineralisation.

Critical Resources Limited has completed the acquisition of the Cap Burn Gold Project in New Zealand, securing key permits and land access to launch its inaugural drilling program in a highly prospective gold region.

GreenTech Metals Ltd has raised $5.2 million to fund drilling and resource upgrades at its Munni Munni Platinum-Palladium-Copper-Nickel project, aiming to validate and expand one of Australia’s largest undeveloped PGE deposits.

Finder Energy has acquired the Petrojarl I FPSO from Amplus Energy for US$15 million, aiming to fast-track its KTJ oil development project with a targeted final investment decision by mid-2026 and first oil by the end of 2027. This move is supported by a two-tranche institutional placement raising A$25 million at a 21.3% discount.

Vulcan Energy Resources has locked in a €2.2 billion financing package to fully fund Phase One of its Lionheart lithium and renewable energy project in Germany, marking a pivotal move from development to construction. The project aims to supply Europe with low-carbon lithium for electric vehicle batteries alongside renewable power and heat.

OM Holdings has cleared major regulatory hurdles in the $101 million sale of its 26% stake in Ntsimbintle Mining, moving closer to closing the deal in early 2026.

OM Holdings has secured key regulatory and shareholder approvals for the sale of its 26% interest in Ntsimbintle Mining, moving the $101 million transaction closer to completion early next year.

Jameson Resources has locked in a $3 million capital raise from strategic investor King George Investments to advance its Crown Mountain coal project in British Columbia. The placement, priced at a 16.7% discount, underscores growing confidence in the project’s regulatory progress and market potential.

Austin Metals has appointed seasoned mining executive Michael Moore as Managing Director to spearhead exploration at its flagship Austin Gold Project in Western Australia.

Bindi Metals Limited has launched a fully underwritten non-renounceable entitlement offer of new listed options to existing shareholders, aiming to raise capital through a strategic funding move.