Latest Resources News

Axel REE Limited has reported exceptional rare earth element grades from its ongoing auger drilling at the Caldas Project in Brazil’s Poços de Caldas Alkaline Complex, highlighting significant exploration upside at shallow depths.

Wia Gold Limited reports strong drilling results at its Kokoseb Gold Project in Namibia and advances exploration in Côte d'Ivoire, backed by a A$30 million capital raise to fund an expanded 2025 development program.

Osmond Resources has reported strong assay results from 27 samples at its Orion EU Critical Minerals Project in Spain, highlighting promising high-grade mineralization and continuity between zones. The company is poised to commence drilling to confirm these findings and accelerate development.

A1 Investments & Resources Ltd reported minimal cash flow activity for the December 2023 quarter while actively pursuing renewable energy acquisition opportunities in Japan and Australia.

Nimy Resources has defined a significant gallium Exploration Target at its Block 3 Prospect in Western Australia, estimating up to 14.3 million tonnes of mineralised material with promising grades. This milestone positions the company at the forefront of gallium exploration amid rising global demand.

Aura Energy has reported a substantial 49% increase in Ore Reserves at its flagship Tiris Uranium Project, advancing towards a Final Investment Decision in early 2025 while also benefiting from positive regulatory shifts in Sweden.

Rox Resources has advanced its Youanmi Gold Project with a $27 million capital raise and a major drilling campaign, positioning the company for production by late 2025.

Canyon Resources has locked in a $124 million underwriting agreement with major shareholder Eagle Eye Asset Holdings to finance critical rolling stock for its Minim Martap bauxite project in Cameroon, marking a pivotal step towards production.

Fortescue Ltd has initiated an off-market takeover bid to acquire Red Hawk Mining, offering up to A$1.20 per share, representing a substantial premium. The move aims to consolidate Fortescue’s iron ore assets in Western Australia’s Pilbara region.

Empire Energy Group Limited reported a significant cash outflow of $14.2 million in the December 2024 quarter, driven by exploration and evaluation activities, yet maintains a strong liquidity position with nearly $54 million in available funding.

Empire Energy has successfully drilled its longest well to date, secured a $65 million financing package, and received environmental approval for its Carpentaria Pilot Project, setting the stage for first gas deliveries later in 2025.

Sky Metals has intersected significant visual tin mineralisation in the first diamond drill-hole at its Tallebung Tin Project, confirming the deposit remains open in all directions and setting the stage for a major resource expansion.