Latest Resources Development News

Mammoth Minerals has initiated the second phase of exploration at its Excelsior Gold-Silver Project in Nevada, leveraging a pioneering 3D underground survey of the historic Blue Dick Mine to guide upcoming drilling.

Ora Banda Mining Ltd delivered a standout FY25 with net profit soaring 575% to $186 million, driven by record gold production and successful underground mine expansions. The company sets ambitious FY26 targets amid strong operational momentum.

Paterson Resources is set to begin an 8,500-metre drilling campaign at its Grace Gold Project, aiming to upgrade its resource classification and unlock further value in a highly prospective region.

Meteoric Resources confirms its Caldeira Rare Earth Project in Brazil remains on track after a disputed environmental council vote was declared invalid. Strong local government support and regulatory assurances underpin confidence in project timelines.

Lion Selection Group has sold its stake in Erdene Resource Development Corp for A$12.3 million, securing a strong return and announcing a 2 cents per share fully franked special dividend for shareholders.

Diatreme Resources has achieved a significant regulatory milestone with Project Status granted across its silica sand tenements in Far North Queensland, alongside critical tenure renewals that preserve its strategic landholdings. This development strengthens its pathway toward long-term production of low-iron, high-purity silica sand.

Piedmont Lithium Inc. has halted trading on the ASX as it finalises a merger with Sayona Mining Limited, marking a significant restructuring in the lithium mining sector.

Enterprise Metals is set to begin air core drilling at its Murchison Project targeting rare earth elements, following regulatory approval and a heritage agreement. The program aims to test a key magnetic anomaly adjacent to Victory Metals’ North Stanmore REE deposit.

Solstice Minerals reports robust Phase III drilling results at its Bluetooth Gold Prospect in Western Australia, revealing extensive near-surface gold mineralisation and promising extensions into fresh rock. These findings reinforce the prospect's commercial potential and set the stage for further resource development.

Altamin Limited announces a significant board and executive reshuffle, appointing Peter Edwards as non-executive Chairman and Geraint Harris as incoming CEO, signaling a renewed focus on critical raw materials for Europe’s energy transition.

Resource Minerals International Ltd has acquired a 50% interest in a Saudi Arabian joint venture, gaining access to the highly prospective Shaib Marqan gold and base metals exploration licence. This move positions RMI to leverage Saudi Arabia’s expanding mining sector under Vision 2030 reforms.

Kingsland Minerals has achieved a major milestone with 99.97% purified spherical graphite from its Leliyn project, positioning itself as a key supplier for EV battery materials. The company is advancing processing optimisation and preparing for a September scoping study.