Latest Resources News

Brightstar Resources has adjusted its November gold production at Laverton Mine down to 4,652 ounces due to processing inefficiencies but remains confident in restoring recovery rates above 90%.

Native Mineral Resources Holdings has locked in a $3 million convertible note raising from Lind Global Fund III LP, with the option to access up to $10 million. The funding aims to bolster working capital and support growth in the Charters Tower region.

Dart Mining NL reports encouraging 2024 diamond drilling results at its Rushworth project in Victoria, revealing multiple wide gold mineralised lodes at the Phoenix Reef prospect. The company plans to resume drilling in 2026, targeting new structural zones identified by recent interpretations.

Kalamazoo Resources has raised $8 million through a placement and launched a $2 million share purchase plan, aiming to fuel exploration and development across its gold projects.

Panther Metals has completed a $315k shortfall placement, bolstering its funding as it plans deeper drilling at Burtville East and initiates a strategic review of its Coglia project in response to soaring cobalt prices.

EVT Limited has acquired the premium QT Auckland hotel for NZ$87.5 million, reinforcing its strategic presence in key city markets while divesting non-core assets to focus on high-performing properties.

Powerhouse Ventures has entered a strategic partnership with GlobalDots to back its new Burleigh Ventures Critical Infrastructure Opportunities Fund, aiming to capitalize on emerging technologies in AI, quantum, and cloud infrastructure.

Beacon Minerals has agreed to sell its Mt Dimer tenements to Forrestania Resources for A$50,000, marking a strategic move to focus on core assets and reduce costs.

Forrestania Resources has acquired key tenements at Mt Dimer from Beacon Minerals, significantly expanding its gold exploration footprint in Western Australia’s Southern Cross Domain. The move aligns with the company’s strategy to consolidate and explore highly prospective gold belts.

Adavale Resources has announced a maiden JORC Inferred Mineral Resource of 115,000 ounces of gold at its London Victoria Mine, alongside completion of Phase 2 drilling and plans for further exploration to drive near-term production.

Kingsgate Consolidated has secured a US$25 million standby loan facility with Nebari, significantly reducing its debt and improving financing terms. This move marks a major step in the company’s de-gearing strategy while maintaining funding flexibility.

Infini Resources has strategically expanded its Portland Creek Uranium Project in Newfoundland by acquiring adjacent mineral licences, increasing its landholding by 30% and reinforcing its position in a promising uranium district.