Latest Resources News

Ballymore Resources is raising $3.24 million through a non-renounceable entitlement offer to fund drilling, geophysical surveys, and trial mining across key Queensland projects, including Dittmer and Ruddygore.

Breakthrough Minerals (ASX:BTM) has secured A$5.15 million through a placement to fund a substantial expansion of its drilling program at the North Queensland Copper-Gold Project, aiming to grow its resource base beyond 200,000 tonnes of contained copper equivalent.

Avira Resources has cleared all major regulatory and heritage hurdles to kick off a 4,500-metre RC drilling campaign at its high-grade Mt Cattlin Gold Project, aiming for a maiden resource estimate by year-end.

Condor Energy secures A$2.25 million in a placement to advance licence conversion, gas commercialisation, and exploration drilling readiness in its offshore Peru portfolio.

American West Metals (ASX: AW1) has raised A$10 million through an oversubscribed institutional placement to fast-track exploration at its West Desert and Storm Copper projects, focusing on high-demand critical metals.

Ronin Resources reports elevated gold, silver, copper, and tungsten values from rock-chip sampling at its La Punilla Project in Argentina, supported by a drone aeromagnetic survey revealing a coincident magnetic source. Follow-up fieldwork is underway to expand and validate these early-stage porphyry copper-gold exploration targets.

Athena Resources is raising $3.5 million through a discounted share placement backed by major investors to fast-track drilling and feasibility at its Narryer magnetite project.

GR Production Services secures a five-year $57 million operations and maintenance contract at the Sturt Plateau Compression Facility in the Northern Territory's Beetaloo Basin, with potential extension for three more years.

Imricor Medical Systems has secured A$60 million through a placement to fund its US commercial rollout, regulatory approvals, and clinical programs, boosting its cash reserves to nearly A$103 million.

Victory Metals finalises metallurgical testwork revealing major CAPEX and OPEX savings for its North Stanmore heavy rare earth project, with the PFS on track for Q2 2026.

Gorilla Gold Mines has uncovered a new high-grade gold lode at the Sovereign Deposit within its Comet Vale Gold Project, intersecting 9.3m at 20.6g/t Au in a previously untested footwall position. This discovery adds a fresh dimension to the North Kalgoorlie Hub’s 1.2Moz resource base and accelerates the company’s exploration momentum.

Sunstone Metals has extended gold-copper mineralisation at its Bramaderos project in Ecuador, with recent drill holes intersecting significant widths that support upgrading a large exploration target into resources.