Latest Resources News

Lotus Resources has locked in US$38.5 million in financing to support the restart and ramp-up of its Kayelekera uranium project in Malawi, targeting positive cash flow by Q3 2025.

Sheffield Resources reported a record quarterly concentrate production of 198,704 tonnes at its Thunderbird mine, alongside a strategic expansion of its zircon concentrate customer base. Despite strong operational performance, the company faces short-term financial pressures amid restructuring efforts.

Gold Road Resources projects a significant production increase at Gruyere in 2025 and has initiated underground drilling to potentially extend mine life beyond 2032.

CGN Resources has identified 11 new copper, gold, and niobium targets at its Webb project and expanded its land holdings in the Leonora gold district, setting the stage for a busy 2025 drilling campaign.

Astral Resources has reported its most significant diamond drilling results to date at the Theia Deposit within the Mandilla Gold Project, with drill-hole MDRCD918 delivering an exceptional 1,079 gram-metres of gold mineralisation. This breakthrough is expected to underpin an upgrade of the resource classification ahead of a Mineral Resource Estimate update scheduled for March 2025.

Aurora Labs has secured significant contracts in the Defence sector, advancing its micro gas turbine technology and expanding production capabilities following a successful capital raise.

Terrain Minerals has launched Stage Two of its RC drilling campaign at the Wildflower Gold Project, expanding its exploration with two new targets and reinforcing optimism for a significant gold discovery. Concurrently, the Lort River Project drilling has intersected key bedrock conductors, marking progress in nickel-copper exploration.

DeSoto Resources has uncovered significant rare earth element mineralisation more than 6km south of its Quantum REE deposit, indicating a potentially world-class REE-Au system. The company is set to launch an extensive 10,000m drilling program in 2025 to further delineate this promising discovery.

Platina Resources reports promising gold mineralisation at its Challa Gold Project and secures a government grant to fund deep drilling at Xanadu, maintaining a strong cash position of $12.3 million.

AIC Mines delivered a robust December quarter with record copper production at Eloise and promising exploration results at Jericho, underpinning its growth strategy.

Thor Energy PLC advances its clean energy ambitions through a strategic acquisition in South Australia's hydrogen sector and promising uranium drilling results in the US.

Battery Age Minerals has reported its best lithium drilling results to date at the Falcon Lake Lithium Project in Ontario, with thick, high-grade spodumene intercepts signaling significant growth potential.