Latest Resources Development News

MRG Metals has confirmed four distinct alluvial rare earth deposits at its Adriano project in Mozambique, with all samples showing significant heavy mineral concentrate. Laboratory assays are underway to define the rare earth content, potentially advancing the project toward resource development.

Arcadia Minerals has entered a binding farm-in agreement with Kaoko Metals to accelerate exploration at the Karibib Copper-Gold Project in Namibia, unlocking immediate value and long-term upside without diluting shareholders.

PVW Resources has advanced its Brazilian Southeast Hub rare earth projects through a hydraulic auger drilling campaign, confirming deeper mineralisation and exceptional leach recoveries up to 89%. The company is poised for further resource definition and metallurgical optimisation.

Winsome Resources’ subsidiary partners with Eskan Consulting to advance the Trans-Atikh Project, unlocking federal funding and Indigenous-led infrastructure development in Quebec’s lithium sector.

Nova Minerals has secured a significant US$43.4 million funding award from the U.S. Department of War to accelerate its Estelle Project in Alaska, advancing both gold and antimony development with strong government backing and infrastructure progress.

Encounter Resources has extended high-grade niobium and rare earth element mineralisation over 1km east of its initial Green deposit resource, confirming the scale of this critical minerals system in Western Australia.

Polymetals Resources has identified a promising new zone of massive sulphide mineralisation south of its Endeavor Mine, prompting plans to accelerate exploration efforts.

Fortuna Metals is advancing exploration at its Mkanda and Kampini projects in Malawi, aiming to define a significant rutile resource by late 2026. Early drilling and sampling have revealed encouraging titanium mineralisation, positioning the company in a globally critical minerals hotspot.

Bellevue Gold Limited reported a robust September quarter with production and sales exceeding expectations, alongside a pioneering net zero emissions milestone. The company is well positioned for growth in FY26 with strategic leadership appointments and improved operational efficiencies.

Deep Yellow Limited reported a $10.6 million operating cash outflow for the September quarter but maintains a robust cash position with over $203 million on hand, supporting an estimated 14 quarters of funding.

Alice Queen Limited (ASX – AQX) is set to raise $1 million through a two-tranche share placement accompanied by free-attaching options, alongside a bonus loyalty option offer to existing shareholders.

American Uranium has initiated Phase 1 of a two-stage drilling campaign at its Lo Herma ISR Uranium Project in Wyoming, aiming to grow and upgrade its existing 8.57 million pound uranium resource ahead of key 2026 milestones.