Latest Resources Development News

Fortuna Metals Limited (ASX:FUN) has announced a conceptual exploration target of 180 to 240 million tonnes at 0.86 to 1.0% rutile grade for its Mkanda project in Malawi, with major drilling programs planned in 2026 to advance resource definition.

Native Mineral Resources has locked in a $4 million unsecured loan from a related party to finance exclusive mining rights at the Podosky Gold Project, avoiding equity dilution amid a tight funding window.

Orange Minerals NL has agreed to sell certain tenements of its Majestic Project in Western Australia to Auravelle Metals Limited, receiving $200,000 in Auravelle shares as consideration. This move aligns with Orange Minerals' strategy to focus on core assets like its Tepa gold project in Ghana.

NH3 Clean Energy has entered a pivotal phase in its WAH2 Project development, partnering with global engineering giant Linde and progressing funding discussions to secure up to A$567 million. This collaboration aims to reduce capital and operational risks as the project moves closer to a final investment decision.

Empire Resources Limited has completed the issuance of 1 million shares under the second tranche of its placement, following shareholder approval at the recent extraordinary meeting. This move strengthens the company’s capital base as it pushes forward with its gold and copper projects in Western Australia.

Cassius Mining’s Ghanaian subsidiary has escalated its damages claim to USD 905 million, citing lost profits from a stalled gold project, as the arbitration hearing looms in June.

SQX Resources has reported impressive assay results from its maiden drilling at the Red Bird Gold Project in Arizona, revealing significant, shallow gold mineralisation with promising continuity. These findings bolster the project's potential for open-pit resource development.

Asara Resources reports strong drilling results at its Massan deposit within the Kada Gold Project, confirming continuity and extensions of high-grade gold mineralisation. The company advances its resource growth strategy with ongoing drilling and plans for a Mineral Resource Estimate update.

BMG Resources has commenced diamond drilling as part of a 10,000m program at its Abercromby Gold Project in WA, aiming to expand its 518,000oz gold resource. Results are expected within weeks, alongside a near-complete scoping study that could pave the way for near-term production.

Since its October 2025 ASX IPO, Temas Resources has made significant strides in commercialising its proprietary metallurgical technology and advancing its Québec mineral projects, supported by solid financial reserves.

OD6 Metals has launched its first systematic exploration in six decades at the Quinn Fluorspar Project in Nevada, targeting historically high-grade deposits and expansive alteration zones. The program aims to unlock new fluorspar discoveries critical to advanced technologies.

Lunnon Metals reports steady progress at its Lady Herial gold mine alongside the discovery of a new gold-bearing structure northwest of the site, highlighting promising potential for future underground mining.