Latest Resources Development News

Estrella Resources has reported exceptional manganese assay results from its Lautém Project in Timor-Leste, revealing grades up to 58.6% Mn and paving the way for imminent drilling activities.

Sarama Resources has completed the second tranche of its A$2 million equity placement, issuing options to institutional investors after shareholder approval. The funds are earmarked for advancing exploration and supporting working capital.

Elixir Energy has significantly expanded its footprint in the Taroom Trough through a farmin agreement with Santos, adding substantial contingent gas resources as Eastern Australia faces an imminent gas supply shortfall.

Belararox Limited has initiated drilling at its Malambo copper-gold porphyry target and is making steady progress at Tambo South, marking a pivotal phase in the Toro-Malambo-Tambo Project in Argentina.

ABx Group and Core Refining have mutually terminated their licence agreement as ABx pivots to a more cost-effective and sustainable method for producing aluminium fluoride, advancing the ALCORE project into its continuous pilot phase in Tasmania.

Nexus Minerals has launched an 11,000-metre aircore drilling program at its Wallbrook Gold Project, targeting promising new and existing gold prospects with assay results expected by April 2025.

Poseidon Nickel and Horizon Minerals have officially completed their merger via schemes of arrangement, with Poseidon shares suspended and scheme consideration set for distribution next week.

Eskan Company has received conditional approval for C$13.5 million in funding from Canada’s Critical Minerals Infrastructure Fund to advance the Trans-Atikh Project, a key infrastructure initiative supporting lithium development in Quebec’s Eeyou Istchee James Bay region.

Evolution Energy Minerals has revealed compelling new data from its Chikundo Cu-Pb-Zn VHMS prospect in Tanzania, confirming significant copper and zinc mineralization that underscores the project's potential for further resource development.

Mt Malcolm Mines NL has completed bulk sampling at its Golden Crown Prospect, recovering 218 ounces of gold doré from high-grade material and generating over AUD$835,000 in revenue. The company is now advancing resource estimations and planning future mining strategies.

Enova Mining has completed a pivotal drilling campaign at CODA Central, uncovering significant zones of rare earth elements and titanium mineralisation. Over 200 samples are now en route to laboratory analysis, marking a key step in the company’s resource development strategy.

Gorilla Gold has announced the discovery of a new, high-grade gold lode north of the existing resource at its Comet Vale Project, signaling significant growth potential. Multiple drill intercepts confirm a continuous gold zone from surface, underpinning the company’s aggressive expansion strategy.