Latest Resources News

Regis Resources reports a solid increase in Mineral Resources and Ore Reserves for 2024, driven by significant underground growth at Duketon and Tropicana. Exploration success at key sites underpins confidence in extending mine life and expanding underground operations.

Newfield Resources has taken a significant step forward with a new management partnership for its Tongo Diamond Mine, while facing legal challenges over the termination of its Tonguma Mine agreement.

Lindian Resources has assured investors that its bauxite projects in Guinea remain untouched by recent government mining license cancellations, underscoring stable progress despite regulatory upheaval.

Asara Resources reveals a robust 923,000-ounce gold resource at its Kada Project in Guinea’s prolific Siguiri Basin, setting the stage for extensive drilling and expansion in 2025.

Red Metal Limited’s latest leach test results from the Sybella rare earths discovery confirm promising low-cost processing potential using mild acid conditions, significantly reducing impurities and acid consumption. The findings pave the way for definitive column leach tests and expanded resource evaluation.

ADX Energy has formalised licence amendments and identified four drill-ready shallow gas prospects in Upper Austria, targeting Q4 2025 for initial drilling. The company is advancing farm-in discussions to capitalise on a low-risk, pipeline-proximate gas opportunity in a sought-after European market.

UVRE Limited is set to acquire New Zealand gold explorer Otagold Limited, issuing 75 million shares as consideration and raising $4 million to fund exploration. The move significantly broadens UVRE’s exposure to high-potential gold projects in a tier 1 mining jurisdiction.

Uvre Limited is set to acquire New Zealand gold explorer Otagold, backed by a $4 million equity raise and the appointment of mining veterans Norman Seckold and Peter Nightingale to its board.

Aurumin Limited has entered binding agreements with Newcam Minerals for a $4 million joint venture on key gold projects, alongside a $1 million sale of non-gold mineral rights at Sandstone, positioning the company for near-term gold production.

White Cliff Minerals reports a significant high-grade copper discovery at its Rae Project in Nunavut, Canada, with assay results confirming substantial mineralization. The company is advancing exploration with further drilling and geophysical surveys planned for 2025.

Astute Metals has reported its highest-grade lithium intercept to date at the Red Mountain Project in Nevada, extending mineralisation over a 5.6-kilometre strike length and reinforcing the project's growing significance in the US lithium landscape.

Catalyst Metals has finalized the sale of its Henty gold mine to Kaiser Reef, securing $15 million in cash and a near 20% stake in Kaiser. This deal unlocks a strategic option to acquire half of the Maldon processing plant, bolstering Catalyst’s Victorian gold ambitions.