Latest Resources News

Pacific Nickel Mines has paused operations at its Kolosori Nickel Project due to weak nickel prices and operational challenges, while negotiating critical financing with Glencore. The company remains in voluntary suspension on the ASX as it explores alternative business opportunities.

Dundas Minerals has reported encouraging drilling results that expand gold mineralisation at its Baden-Powell deposit near Kalgoorlie, alongside promising first-pass Aircore drilling at the Olympia mining lease, signaling potential for resource growth.

New Murchison Gold Limited reports breakthrough ultra-high grade gold intercepts at Crown Prince alongside a robust feasibility study and strong funding position, setting the stage for mid-2025 mining commencement.

Lindian Resources has made significant strides in advancing its Kangankunde Rare Earths Project, securing key construction contracts, initiating site works ahead of schedule, and strengthening its leadership team. The company is also progressing downstream testwork with ANSTO and actively pursuing funding opportunities to underpin development.

AXP Energy has completed a successful 60-day gas-to-power trial at its Pathfinder Field, delivering 1.5 MW of off-grid power and generating maiden natural gas revenue. The company is accelerating its expansion plans, backed by NASDAQ-listed BitFuFu, aiming to scale operations to 25 MW by year-end.

Aldoro Resources has reported significant progress at its Kameelburg REE-Niobium Carbonatite Project in Namibia, confirming a substantial polymetallic discovery and expanding its Phase I drilling program with full funding secured.

Green Technology Metals (ASX: GT1) reports a significant lithium resource increase to 30.4 million tonnes and advances key projects in Ontario, while implementing strategic cost controls amid challenging market conditions.

Toro Energy has completed a re-optimisation of its Lake Maitland mining pit at the Wiluna Uranium Project, integrating updated uranium and vanadium resource estimates and rising cost assumptions. The company is progressing a scoping study update while engaging with native title groups, positioning itself amid strengthening uranium market conditions.

Kalamazoo Resources progresses due diligence on its Ashburton Gold Project under De Grey’s $30 million option, reports significant metallurgical drilling intercepts, and raises $0.8 million post-quarter to support ongoing exploration.

Clean TeQ Water Limited reported strong operational progress in Q3 FY25, advancing key projects like PHOSPHIX and Heathgate uranium plant commissioning, while improving cash receipts and securing major contracts.

Turaco Gold has confirmed a new gold discovery at its Baffia prospect and is poised to release an updated Mineral Resource Estimate for its flagship Afema Project, signaling significant resource growth potential.

Lithium Plus Minerals Limited (ASX: LPM) reported significant progress on its Lei Lithium Development with advancing environmental approvals and infrastructure design, while its Wingate Project reveals promising large-scale gold potential. The company maintains a solid cash position of AUD 3.6 million as it prepares for upcoming exploration campaigns.