Latest Resources News

Prospect Resources has declared a maiden JORC-compliant copper resource of 107.2 million tonnes at 0.5% copper at its Mumbezhi Project in Zambia, alongside securing a strategic A$15.2 million investment from First Quantum Minerals. This milestone advances the project towards development with Phase 2 drilling planned for Q2 2025.

Australasian Metals Limited is streamlining its portfolio to concentrate on near-term exploration wins, launching a new IP survey at its promising May Queen gold project while exiting less viable ventures.

Power Minerals Limited has identified significant rare earth element potential at its prospective Santa Anna niobium carbonatite project in Brazil, signing a binding letter of intent to acquire the asset and planning immediate drilling to define an exploration target.

Jindalee Lithium’s McDermitt Lithium Project has been designated a FAST-41 Transparency Project, enhancing federal permitting visibility and coordination to accelerate development in the US critical minerals sector.

Native Mineral Resources Holdings Limited (NMR) reports promising assay results from resource definition drilling at its Blackjack Gold Project in Queensland, confirming shallow, high-grade gold mineralisation and deeper extensions. The company is advancing refurbishment of its processing plant, targeting gold production in Q3 2025.

Blue Star Helium reports robust natural flow rates and peak helium concentrations from its Jackson 29 well at the Galactica project, underscoring the site’s promising helium resource potential.

Traka Resources has strategically entered Guinea’s prolific Siguiri Basin by securing a 75% earn-in joint venture in the Didi Gold Project, which hosts confirmed high-grade gold mineralisation. The company plans an aggressive multi-stage exploration program backed by an experienced local team.

Southern Hemisphere Mining has identified a significant new copper target, Ferro West, near its existing Ferro deposit at the Llahuin project in Chile, supported by advanced geophysical data and surface copper oxide findings.

Adavale Resources has identified additional exploration targets at its Parkes Project and remains on track for maiden drilling in Q2 2025, reinforcing its position in the highly prospective Lachlan Fold Belt.

Lindian Resources has reported an unlawful trespass at its Kangankunde Rare Earths Project in Malawi involving unauthorized foreign nationals, highlighting the project's geopolitical sensitivity and the company's commitment to security.

Magnetic Resources NL has significantly increased the Lady Julie North 4 gold deposit resource to 1.55 million ounces, supported by ongoing high-grade drilling and exceptional metallurgical recoveries of up to 97.5%. Feasibility studies for combined open pit and underground mining are advancing, targeting 150,000 ounces per annum over eight years.

Lodestar Minerals has wrapped up its inaugural 16-hole RC drilling campaign at the Darwin IOCG project in northern Chile, targeting high-grade copper and gold mineralisation. Assay results are eagerly awaited, with some samples fast-tracked for early analysis.