Latest Resources News

Western Mines Group reports significant nickel sulphide mineralisation from deep diamond drilling at its Mulga Tank project, reinforcing its vision of a large-scale hybrid nickel system. Drilling will resume in January 2026 to extend these promising results.

Pure One Corporation Limited is set to exit its 40% stake in Turquoise Group for AUD 5 million, securing a substantial profit and refocusing on its core clean energy ventures.

Mithril Silver and Gold accelerates exploration at its Copalquin gold-silver project with a third drill rig mobilized and a 25,000-metre drilling program planned for 2026, targeting multiple high-grade zones.

BioMarin Pharmaceutical’s acquisition of Amicus Therapeutics for US$4.8 billion includes Dimerix’s US licensing agreement, promising significant milestone payments and royalties. This deal strengthens Dimerix’s position as it advances its Phase 3 kidney disease therapy.

Invictus Energy has completed the Petroleum Production Sharing Agreement process for its Cabora Bassa Project, setting the stage for significant gas exploration and development in Zimbabwe.

DeSoto Resources reports promising initial gold assay results from its maiden drilling program at Dadjan and Tolé in Guinea, highlighting the potential for a large gold system within its extensive landholding.

Rumble Resources reports significant progress at its Western Queen Gold and Tungsten Project, with drilling intersecting key mineralisation and a scoping study revealing robust underground mining economics.

Ballard Mining has completed an 86,000m infill drilling program at its Baldock gold deposit, delivering strong assay results that support upgrading resources and targeting a maiden Ore Reserve by mid-2026.

Meteoric Resources has obtained the Preliminary Environmental Licence without restriction for its Caldeira Rare Earth Ionic Clay Project in Brazil, clearing a key regulatory hurdle and keeping the project on track for mid-2026 construction.

Waratah Minerals reports significant new gold assay results from its Spur Gold Project in New South Wales, revealing promising high-grade mineralisation and growth potential. Ongoing drilling continues to expand the resource footprint with multiple rigs active.

Champion Iron Limited has announced a conditional cash tender offer to acquire Norwegian iron ore producer Rana Gruber for approximately US$289 million, backed by key financial partners La Caisse and Scotiabank. The deal aims to expand Champion’s high-grade iron ore portfolio and strengthen its position in the green steel supply chain.

Babylon Pump & Power has secured a three-year contract with gold giant Newmont, promising steady revenue and reinforcing its position in the mining services sector.