Latest Resources Development News

Ora Banda Mining delivered a strong FY25 with 92.4koz gold produced, up 32% year-on-year, and sets an ambitious FY26 target of 140-155koz driven by new underground mines and strategic partnerships.

Vigorous Resources has launched an unconditional off-market takeover bid for all shares of Rey Resources Limited at a 155-160% premium, with unanimous board support and major shareholder backing. The offer period runs from 9 July to 11 August 2025.

GTi Energy has raised $2.5 million from the first tranche of a $4.5 million placement to fund drilling at its Lo Herma uranium project, with key permits expected in August and a strategic investment from Snow Lake Energy pending shareholder approval.

Power Minerals’ maiden drillhole at the Santa Anna Project in Brazil reveals significant niobium and rare earth element mineralisation at depths far beyond previous drilling, boosting the project’s resource potential.

Solstice Minerals is set to resume Reverse Circulation drilling at its Bluetooth Gold Prospect in Western Australia, following significant near-surface gold intercepts that highlight the project's commercial potential. Additional drilling is also planned at the nearby Edjudina Range discovery.

Indiana Resources has identified significant high-order gold anomalies at its Minos Gold Project, setting the stage for upcoming drilling and a maiden resource estimate.

Anson Resources has expanded its Green River Lithium Project in Utah by acquiring 100 new placer claims, increasing the landholding by 10% and identifying promising re-entry targets in historical wells to potentially enhance lithium resource estimates.

Dreadnought Resources advances its Gifford Creek Carbonatite project with a targeted diamond drilling campaign to supply metallurgical samples amid rising commercial interest in rare earths and critical metals.

Australian Mines Limited has secured earn-in rights to the advanced Boa Vista Gold Project in Brazil’s prolific Tapajós Gold Province, aiming to earn up to an 80% stake through staged exploration and development milestones. The company also announced a $2.5 million capital raising to fund upcoming exploration activities.

Nimy Resources reports outstanding high-grade gallium assay results from Phase 2 drilling at its Block 3 Gallium Project in Western Australia, reinforcing its potential as a world-class resource ahead of a maiden JORC estimate.

S2 Resources has closed its Share Purchase Plan significantly oversubscribed, prompting a pro-rata scale back. The combined funds from the SPP and recent placement will accelerate exploration across multiple Australian projects.

Duketon Mining has kicked off its first reverse circulation drilling program at the Killarney Gold Project, targeting multiple high-grade gold zones with assays expected in the coming weeks.