Latest Resources News

Horizon Oil has finalized amendments to its senior debt facility with Macquarie Bank, enabling the acquisition of significant gas assets in Thailand that will add approximately 2,000 barrels of oil equivalent per day to its production.

Ark Mines has launched a detailed metallurgical improvement program at its Sandy Mitchell Rare Earth and Heavy Minerals project, aiming to refine processing techniques and expand its resource base. The work supports a Pre-Feasibility Study due early next year.

Vanadium Resources has signed a non-binding MoU with China Precious Asia Limited to supply vanadium-rich magnetite ore from its Steelpoortdrift project, aiming for early production and cashflow. This marks a strategic pivot to monetise its vast resource amid subdued vanadium markets.

Diatreme Resources’ Northern Silica Project has been awarded Major Project Status by the Australian Government, marking a pivotal step in advancing critical minerals development in Queensland. This designation streamlines federal approvals and supports the project’s role in the clean energy supply chain.

Cazaly Resources has launched a 2000m reverse circulation drilling program at the Duke of York prospect within its Goongarrie Gold Project, aiming to validate historical gold intercepts and explore new mineralisation zones.

Marmota Limited has released a detailed overview of its Greenewood Gold deposit, highlighting significant historical high-grade intercepts and outlining plans for its first drilling campaign at the site.

Finder Energy has partnered with global energy giant SLB to fast-track the engineering phase of the Kuda Tasi and Jahal oil fields, potentially bringing forward first oil by a year. This strategic alliance promises cost savings and a streamlined path to project execution.

Beetaloo Energy has begun hydraulic stimulation on its record-length Carpentaria-5H well in the Beetaloo Basin, aiming to unlock enhanced gas production with advanced techniques. Results from the upcoming production test will be pivotal for the company’s pilot project and future development plans.

Aguia Resources has landed a A$4 million loan offer from Brazil’s Southern Development Bank to fund the initial phase of its Tres Estradas phosphate project, enabling production to commence by early 2026 with plans for rapid expansion.

Javelin Minerals has identified multiple high-priority gold-copper drilling targets at its Coogee West Project in Western Australia, setting the stage for a significant exploration campaign in the coming months.

Western Yilgarn Limited has announced a maiden JORC 2012 Inferred Mineral Resource Estimate for its Cardea 2 Bauxite Project in Western Australia, adding 20 million tonnes to its portfolio and complementing its flagship Julimar West project.

St Barbara’s application for early renewal of the Simberi Mining Lease is set for review by Papua New Guinea’s Mining Advisory Council in June, a crucial step toward expanding gold production.