Latest Resources News

Aguia Resources has recorded its strongest month yet at the Santa Barbara gold project in Colombia, producing 36.75 ounces and generating AUD$218,000 in gross value. The milestone came as the company prepared to double monthly ore throughput, although production remains small and the expansion is still ahead.

Rumble Resources has delivered key dewatering equipment to Western Queen and submitted the notification needed to begin pumping, while its updated mine study moves into October. The project still depends on one major approval, financing terms and favourable feasibility results before a decision to mine.

Macallum New Energy has lifted the arithmetic mean prospective gas resource across its EP 494 portfolio to 2,506 PJ after new 3D seismic and reprocessed 2D data sharpened several targets. The company is now seeking a joint venture partner for up to two exploration wells targeted for the second half of 2027.

iTech Minerals has extended the main Sabre gold-antimony shoot to approximately 270 metres below surface, with drilling returning 25 metres at 4.88 g/t gold and 0.85% antimony. A second shoot has also been identified 120 metres to the south, though assays remain incomplete and true widths are yet to be established.

Astral Resources will issue Estrella Resources 20 million shares valued at $3 million to acquire nickel rights across five tenements within the broader Mandilla development footprint. Completion is targeted for 12 October, but remains conditional on shareholder, regulatory and third-party approvals.

Estrella Resources has agreed to divest its nickel rights across five Western Australian tenements for 20 million Astral Resources shares valued at $3 million. The deal remains conditional, but would sharpen Estrella’s focus on its Timor-Leste exploration portfolio while preserving exposure to Astral’s equity upside.

Aquirian has completed its Wubin Energetics Hub upgrade within budget and is preparing Drillforce to begin work at Brightstar Resources’ Lord Byron project under a contract valued at approximately $48 million over three years. The company also says Collar Keeper sales remain strong, while a biodegradable version moves towards commercialisation.

Manhattan Gold’s first drilling at the Spectre VMS target has returned high-grade copper, gold, silver and zinc, including 6.10 metres at 3.18% copper. Mineralisation was repeated 77 metres along strike, but the early-stage results are reported as downhole lengths and do not yet establish true widths or a resource.

Sunshine Metals has extended gold mineralisation at its Sybil project in North Queensland, led by a 4-metre intersection grading 11.11g/t gold at Francis Creek. The company plans a further 2,600 metres of drilling from mid-October across existing and untested targets.

Barkly Rare Earths has reported rare earth mineralisation in 43 of 44 holes at its Northern Territory project, with high-grade intervals in 30 holes. The results strengthen the case for a larger resource, but more than 300 holes and further assays are still ahead before that potential can be tested.

Antares Metals has agreed to earn a 90% interest in the historic Enterprise gold mine in Western Australia, adding a fourth priority target to its Quinns project. The company has expanded its air core program to 2,500 metres, but the transaction remains subject to expenditure, approvals and historical-data caveats.

DevEx has recorded uranium-equivalent intersections at Nabarlek North and mapped kilometre-scale alteration along the Nabarlek Fault Corridor. The results strengthen the company’s exploration pipeline, but laboratory assays and further drilling are still needed to establish the significance of the early readings.