Latest Resources Development News

Latin Resources Limited will be suspended from ASX trading following court approval of its acquisition by Pilbara Minerals Limited, marking a significant consolidation in the Australian minerals sector.

Eastern Resources Limited has reported promising preliminary metallurgical test results from its Lepidolite Hill Project, achieving an 80.5% recovery of lithia and producing a high-grade concentrate with low iron contamination.

West African Resources delivered solid Q4 2024 gold production and maintained full-year guidance, while progressing the Kiaka project on schedule and budget. The company also earned national recognition for its community contributions in Burkina Faso.

Encounter Resources reports significant high-grade niobium mineralisation at its Green carbonatite complex, accelerating plans for resource drilling and mining studies in 2025.

Litchfield Minerals Limited reports significant progress in Northern Territory exploration, including strategic acquisitions and advanced geophysical surveys, while managing weather-related delays to drilling schedules.

Ora Banda Mining reports a robust December quarter, boosting cash reserves to $57.8 million and advancing underground operations at Riverina and Sand King towards a 150koz production target in FY26.

Basin Energy has completed its acquisition of a promising uranium and green energy metals portfolio in Scandinavia, marking a significant expansion into a historically overlooked region. The move positions the company to leverage emerging opportunities in the Nordic green energy sector.

Magnetic Resources has significantly increased the gold resource estimate at its Lady Julie Gold Project to 1.75 million ounces, advancing plans for concurrent underground mining and an expanded processing plant.

Beacon Minerals Limited has reported a strong December quarter at its Jaurdi Gold Project, producing 6,861 ounces of gold-exceeding guidance and setting the stage for further growth in 2025.

QMines has completed a 5,034m drilling program at Develin Creek, delivering strong high-grade copper, zinc, gold, and silver results at the Scorpion and Window deposits. An updated mineral resource estimate is expected in Q1 2025, potentially extending mine life at Mt Chalmers.

Nova Minerals has confirmed extensive high-grade gold and antimony mineralization at its Stibium prospect in Alaska, setting the stage for resource drilling in 2025 amid strategic U.S. critical minerals initiatives.