Latest Resources News

Patronus Resources has consolidated 100% ownership of the Guppy-Benalla area for $250,000 cash, removing joint venture constraints and positioning itself to advance exploration near its 475koz Cardinia East gold resource. Follow-up drilling is planned after heritage surveys.

Black Canyon has kicked off a substantial 15,000m RC drilling campaign at its Wandanya Project, aiming to define and grow its high-grade manganese and iron resource with first assays due in May 2026.

Pursuit Minerals has significantly extended the depth of its lithium brine exploration at the Mito tenement, Rio Grande Sur project, following advanced CSAMT data reprocessing. The company plans a three-hole drilling program to test these high-confidence targets, aiming to expand its resource base beyond the initial 5,000 tpa lithium carbonate production.

Rincon Resources has identified two fresh gold-copper targets at its Telfer South Project, extending the Hasties Zone strike length beyond 1.1 km and unveiling the high-grade Padion prospect. These discoveries build on historic data and underpin plans for an expanded drilling campaign.

Marmota Limited is set to embark on a substantial drilling campaign targeting the southern Mainwood extension of its Greenewood gold discovery in South Australia's Gawler Craton, aiming to expand the mineralised strike to 2km.

Bayan Mining and Minerals has locked in a reverse circulation drill rig with Alaska Midnight Sun Drilling for its first-ever drilling at the Desert Star rare earth project in California, targeting up to 1,000 metres from June 2026. The fully permitted program aims to test high-grade surface mineralisation and geophysical targets near the Mountain Pass mine.

New Murchison Gold Limited (ASX:NMG) has reported compelling high-grade gold intercepts from a recent drilling campaign at its Crown Prince East Pit, boosting prospects for reserve expansion near its operating Crown Prince Gold Mine in Western Australia.

Legacy Iron Ore has boosted its Mt Celia gold resource by over half, now holding 390,150 ounces, underpinning its ongoing heap leach pre-feasibility study and signaling potential for further growth.

Vectus Biosystems has completed the sale of its VB4-P5 renal fibrosis compound to Canadian biotech XORTX, receiving a near 10% equity stake and warrants. This move aligns with Vectus’ strategy to develop drug candidates to a stage attractive to partners while focusing on its lead compound VB0004.

Vita Resources has completed a $100,000 capital raise via a placement featuring a novel partly paid share class designed specifically for mining companies. This new share structure defers calls until at least 2030, offering investors flexibility and the company a unique capital management tool.

Cleanaway has trimmed its FY26 EBIT forecast to $460-$480 million, citing a $20 million hit from rising fuel and logistics costs linked to the Middle East war. The company leans on contractual fuel cost pass-throughs and strategic supply deals to cushion the blow.

Ariadne Australia’s latest nine-month update reveals strong growth in its Orams subsidiary but a $5.2 million estimated total loss driven by currency headwinds and market declines in key investments.