Latest Resources News

Enova Mining has engaged renowned Brazilian rare earth specialist Alexandre da Rocha to accelerate development of its East Salinas ionic adsorption clay project, following promising high-grade drilling results.

Scorpion Minerals has secured a $2 million option agreement with Andel Resources, granting exclusive rights to mine and process gold from the Old Prospect tenements, marking a pivotal step from exploration to production.

Augustus Minerals has raised $2.5 million through a share placement to fast-track drilling at its flagship Music Well project and advance exploration across its Western Australian and Papua New Guinea assets.

Cauldron Energy has acquired five new tenements at its Yanrey Uranium Project, significantly enlarging its landholding around Paladin Energy’s Manyingee deposit and setting the stage for a major 2026 drilling campaign.

Albright Metals has secured 4 million shares in Star Minerals following the start of mining at Tumblegum South, unlocking $212,000 in liquid assets to support its Canadian gold and antimony projects.

Reach Resources has locked in a binding option with Andel Resources that fully funds mining and processing at Murchison South, with a profit-sharing model and a strategic equity investment.

Viking Mines has cleared the final federal regulatory hurdle to commence its maiden drilling campaign at the Linka Tungsten Project in Nevada, positioning itself in the strategically critical US tungsten market.

Legacy Minerals leverages AI to pinpoint 38 new gold-silver-copper targets at Mt Carrington, advancing exploration beyond its 115Moz silver equivalent resource with imminent drilling at Emu Prospect.

Bass Oil’s April sales revenue jumped 245% driven by Cooper Basin stock sales and high oil prices, with production rising 4%. The imminent Bunian 6 well spud promises to double Indonesian output by June, while the Vanessa gas acquisition edges closer to regulatory approval.

Tanami Gold has launched a fully underwritten $70.5 million renounceable rights issue priced at 6 cents per share, aiming to finance its 50% stake in the Central Tanami Project. The offer is open to eligible shareholders across select jurisdictions and runs until 27 May 2026.

Ariana Resources has monetised part of its Zenit holding for US$19.5 million cash, retaining a 9.9% stake and boosting its war chest to advance the Dokwe Gold Project feasibility study in Zimbabwe.

New Hope Corporation lifted quarterly coal production and sales, cut sustaining capital guidance, and issued $300 million in convertible notes to extend debt maturity to 2032.