Latest Resources Development News

Mt Malcolm Mines NL has closed its entitlement offer, raising $457,614 and leaving additional shares available under a shortfall offer as it advances exploration in Western Australia.

Western Mines Group has raised $1.287 million through a strategic placement to fast-track exploration at its flagship Mulga Tank project, signalling renewed momentum in its nickel and precious metals ambitions.

Western Yilgarn NL has secured exploration licences for the Cardea 1 and 2 Bauxite Projects in Western Australia, revealing promising high-grade bauxite results from extensive drilling. The projects' proximity to infrastructure and strong assay data position the company well for future resource development.

Piche Resources has received formal environmental approval to begin its maiden drilling campaign at the Cerro Chacon gold-silver project in Argentina, targeting a 14 km mineralised corridor with 57 planned drill holes.

Cobre Limited has delineated a significant new zone of copper and silver mineralisation at its Ngami Copper Project in Botswana, advancing its resource development plans. The company has engaged WSP to prepare a Mineral Resource Estimate, underpinning its innovative In-Situ Copper Recovery strategy.

Askari Metals has launched Phase I exploration on its EPL 7626 licence at the Uis Project in Namibia, aiming to uncover polymetallic mineralisation including lithium, tin, and tantalum. The program leverages advanced remote sensing and rapid on-site analysis technologies to identify buried pegmatite targets.

Brazilian Critical Minerals has achieved a significant breakthrough in its Ema rare earths project by demonstrating rapid hydraulic permeability using in-situ recovery techniques, a crucial step towards commercial mining.

Bass Oil Limited reported steady April production and a strategic acquisition of the Vanessa gas field, positioning itself for future gas market entry.

Jameson Resources has raised A$3.5 million through a two-tranche placement to fund environmental approvals and Indigenous engagement for its Crown Mountain Hard Coking Coal Project in Canada.

Noble Helium has secured significant cost savings by negotiating the removal of the Marriott rig from Tanzania at no economic risk, while preparing a leaner drilling approach with the BorExpert rig.

Lykos Metals announces key leadership changes with David Wheeler stepping up as Non-Executive Chair and Petar Tomasevic taking the helm as Interim CEO, signaling a strategic pivot as the company advances in the Balkan region.

Gold Road Resources has secured a crucial regulatory green light as the Foreign Investment Review Board approves Gold Fields’ acquisition scheme. The deal now moves closer to shareholder and court approvals.