Latest Resources News

Legacy Minerals has withdrawn its earlier Mt Carrington production targets, updating its Scoping Study to reflect a stronger basis with 71% Indicated Resources. The revised study outlines a 12-year mine life, A$514 million pre-tax NPV7, and a streamlined development plan.

Ballymore Resources launches a $3.24 million pro-rata entitlement offer priced at 12.5 cents per share, sweetened with free attaching options exercisable at 22 cents, to fund ongoing Queensland exploration and development.

The Supreme Court of Western Australia has approved the acquisition of Winsome Resources by Li-FT Power, triggering the legal effectiveness of the share and option schemes. Winsome shares will suspend trading on the ASX from 12 May 2026, with key implementation and delisting dates set for later this month.

Peel Mining has formally moved forward in its acquisition by Aeris Resources with the dispatch of the Scheme Booklet to shareholders, setting the stage for critical meetings on June 15.

Diablo Resources has completed the first tranche of a placement, raising $764,400 through 58.8 million shares at 1.3 cents each, with a shareholder meeting planned in June to approve a further $2.7 million raise.

The Asian Development Bank ramped up its commitments to $29.3 billion in 2025, driving private sector growth, regional cooperation, and climate resilience across Asia and the Pacific.

Auravelle Metals is gearing up for a new Reverse Circulation drilling campaign at its Nuckulla Hill Gold Project, targeting extensions of high-grade mineralisation at Sheoak and early-stage targets at Sheoak East. The program builds on promising results and refined geological insights from recent aeromagnetic surveys.

Rapid Critical Metals has obtained its initial drilling approval for the Webbs Silver Project, setting the stage for an RC drill program targeting extensions of a newly discovered parallel silver lode and existing ore zones.

Iron Bear Resources has boosted its Indicated Mineral Resource by 114% to 4.5 billion tonnes at 29.5% Fe, while total resources fell 18% due to updated geology and economics. The Labrador Trough project now rests on a stronger technical foundation with high-quality magnetite concentrates confirmed.

Nelson Resources has completed underground rehabilitation at the historic Orleans Mine in Nevada, setting the stage for its maiden underground drilling program targeting high-grade gold-silver veins.

Larvotto Resources has hit a key operational milestone with first ore delivered from its Metz underground mine to surface stockpiles at Hillgrove, maintaining schedule and budget ahead of plant commissioning in August 2026.

Orbminco is set to begin a 2,500m drilling program at Majestic North aimed at upgrading inferred resources, testing structural controls on high-grade gold, and probing for primary mineralisation beneath the deposit.