Latest Resources News

Sandfire Resources reported a Q3 FY26 copper equivalent production of 34.5kt, bringing nine-month production to 106.5kt. Despite operational challenges, the group maintains its FY26 guidance but now expects to deliver in the lower half of the range, alongside a $15 million reduction in capital expenditure.

Santana Minerals has finalised the second tranche of its A$130 million capital raising, issuing nearly 19 million shares and securing A$17.04 million before costs. The company confirms ongoing progress towards project construction scheduled for late 2026, supported by strong margins and green hydro power.

Pacgold Limited (ASX: PGO) has marked a significant milestone by producing its first gold at the White Dam Gold Project in South Australia, transitioning from an explorer to a gold producer. The company is progressing with plant upgrades and plans for pad expansion to increase production capacity.

Gold Mountain Limited (ASX: GMN) has announced assay results from 41 diamond drill holes at its Irajuba IR-1 prospect in Brazil, doubling the drilled resource area and confirming thick zones of high-grade rare earth mineralisation with a strong magnet rare earth oxide content.

Adavale Resources Limited has confirmed significant shallow gold mineralisation at its Victoria South Prospect, with historic drilling revealing bonanza grades up to 245.5g/t Au. These results suggest potential for a substantial extension of the existing 115,000-ounce London-Victoria gold resource.

Corazon Mining has finished its initial diamond drilling campaign at the Two Pools gold project in Western Australia, surpassing planned drilling depth and confirming key geological structures. Assay results are expected soon, informing a follow-up drilling program.

West African Resources Limited reported first-quarter gold production of 107,728 ounces, maintaining momentum toward its 2026 guidance of 430,000 to 490,000 ounces. Concurrently, the company continues confidential discussions with the Burkina Faso government regarding an increased equity interest in its Kiaka operation.

Bayan Mining and Minerals Limited has verified key rare earth element minerals at its Desert Star project in California, confirming a phosphate-rich hard-rock system dominated by light rare earth elements. The company is advancing towards its maiden drill program following regulatory approvals.

Havilah Resources has entered a transformative partnership with Sandfire Resources, unlocking $210 million in staged payments and exploration funding to accelerate development in South Australia's Curnamona Province.

Lefroy Exploration Limited (ASX: LEX) reports encouraging grade control drilling results and successful initial gold production from its Lucky Strike Gold Mine in Western Australia, supporting resource growth and ongoing mining operations.

Elevate Uranium Ltd has reinforced its U-pgrade™ Pilot Plant operations in Namibia with new management and process improvements, while revising its timeline for pilot plant results to August 2026. The company confirms previous bench-scale testwork remains valid despite the delay.

Condor Energy has agreed to acquire Jaguar Exploration’s 20% stake in the TEA 86 offshore Peru project, moving to full ownership. The deal, structured through performance shares, aims to simplify equity and support licence conversion and future partnerships.