Latest Resources News

Maverick Minerals has secured a binding agreement to acquire a 90% interest in Lyza Mining, adding eight tenements in Western Australia’s West Arunta region to its portfolio. This move complements its pending Viper Project acquisition and positions Maverick to explore for niobium, rare earths, and IOCG deposits across a combined 220 km2 area.

Cobre Limited is progressing a major upgrade of its Sierra Atacama copper project in Chile, aiming to convert a large foreign resource estimate into a JORC-compliant Mineral Resource Estimate while launching a 40,000-metre drilling program targeting near-mine expansion and deeper sulphide mineralisation.

BOA Resources has appointed geologist Graeme Purcell as Managing Director following its acquisition of the Thaduna and Green Dragon copper deposits, setting the stage for a drilling campaign at Neds Creek.

Beacon Minerals has completed its largest drilling campaign to date at the Iguana deposit, delivering high-grade gold intercepts that underpin a forthcoming resource upgrade.

Native Mineral Resources (ASX:NMR) has cleared a key regulatory hurdle by submitting a Progressive Rehabilitation and Closure Plan for its Far Fanning Gold Project, while maintaining steady gold production at its Blackjack Gold Mine.

Tesoro Gold has accelerated its Definitive Feasibility Study and development readiness for the 1.82Moz Ternera deposit, forming strategic alliances and advancing financing plans.

Legacy Minerals has engaged WSP Global to update its Mt Carrington Mineral Resource Estimate, aiming to boost silver ounces, copper tonnes, and resource confidence ahead of a scoping study optimisation.

Many Peaks Minerals has exercised its option to acquire 100% of the Baga Gold Project in Côte d'Ivoire after a comprehensive soil sampling campaign revealed extensive gold anomalies. A 14,000m auger drilling program is now testing multiple targets along a 16km gold corridor.

Aureka Limited has completed a Concept Level Study for its Comstock Gold & Silver Project, selecting the Walkers Pit as the preferred site for a low capital, fast-start mining operation. The company has lodged a Prospecting Licence application and is advancing an infill drilling program to upgrade its 56,000-ounce inferred resource.

Nexus Minerals has completed assay reporting for 33 reverse circulation drill holes at its Clement Prospect, delivering strong high-grade gold results and confirming the system remains open at depth. The findings underpin plans for a maiden Mineral Resource Estimate within the broader Wallbrook project update targeted for September.

Great Boulder Resources has kicked off a major drilling campaign at its newly acquired Peak Hill Gold Project, aiming to rapidly expand a 481,000oz resource and fast-track capital-light production alongside its flagship Side Well project.

Terrain Minerals has reported compelling assay results from 35 air core holes at its Lort River Rare Earths Project in Western Australia, revealing a broad, shallow clay-hosted rare earth system with standout high-grade intervals and significant heavy rare earth proportions.