Latest Resources News

FMR Resources has reported assay results from three diamond drillholes at the Southern Porphyry target within its Chilean Llahuin Project, confirming a large, vertically extensive porphyry-related hydrothermal system. While the causative porphyry core remains untested, elevated gold and molybdenum values suggest proximity, prompting plans for a focused Phase II drill program.

Midas Minerals has reported a substantial 52m mineralised intercept at its Spaatzu Prospect in Namibia, highlighting widespread high-grade copper and silver mineralisation and advancing its Otavi Copper Project exploration.

Ragusa Minerals has appointed a new director with North American expertise, is gearing up for geophysical surveys at its Purple Pansy manganese-gold project, and is close to completing its acquisition of Pegasus Tel Inc.

SQX Resources continues to impress with thick, high-grade gold intercepts near surface at its Red Bird project in Arizona, reinforcing open-pit potential ahead of further assays and geophysical work.

Critical Resources (ASX:CRR) has launched a systematic surface exploration program at the underexplored Corona Pegmatite Field, aiming to expand its Mavis Lake lithium resource in Ontario, Canada. The initiative complements the Gullwing exploration and supports CRR’s vision of developing a multi-deposit lithium district.

Pure Resources has appointed Rocco Tassone as interim CEO for six months, tasking him with steering the company through a leadership transition and advancing its Garnet Hills Project and thermal management technologies.

Redcastle Resources has delivered robust assay results from infill drilling at its Queen Alexandra deposit, confirming mineralisation continuity and expansion below the current pit design. The company plans a substantial grade control drilling program to sharpen mine planning within a 1.7 km gold corridor.

Lunnon Metals reveals the Lady Herial gold system plunges over 500 metres and nears the Foster nickel mine underground, opening avenues for integrated gold and nickel exploration in the prolific Kambalda-St Ives camp.

Magnetic Resources NL has lodged a draft Scheme Booklet with ASIC and ASX, marking a key step in its proposed acquisition by Genesis Minerals Limited. The booklet includes an independent expert’s report, with shareholder approval expected by mid-2026.

St Barbara has secured key environmental approvals to restart its Touquoy gold processing facility in Nova Scotia, targeting ore processing by the end of 2026. The project aims to produce 38,000 ounces of gold over 13 months, generating significant cash flow and local economic benefits.

Dreadnought Resources has reported new drilling results from its Stinger critical metals deposit, expanding high-grade niobium, rare earth, and scandium mineralisation. Metallurgical studies suggest commercial potential, with an updated JORC Exploration Target due in May 2026.

Auric Mining outlines a bold growth plan centered on Kalgoorlie, targeting 25,000–30,000 ounces of gold production from 2028 with a new processing facility and multiple project acquisitions.