Latest Resources News

Sierra Nevada Gold has successfully raised A$9.65 million through a share placement to accelerate exploration in Nevada and Saudi Arabia, while appointing former De Grey Mining chairman Simon Lill as its new Non-Executive Chairman.

Lord Resources has raised $814,000 through a strongly supported placement and is launching a $1.6 million entitlement issue to accelerate exploration at its Ilgarari Copper Project in Western Australia.

Resolution Minerals has secured US Forest Service approval to extend and expand its drilling program at the Horse Heaven project in Idaho, doubling planned holes and increasing land holdings by 600 acres.

Vanadium Resources Limited is advancing multiple offtake discussions for its Steelpoortdrift project, with competing proposals offering improved terms over existing agreements. Operational readiness steps are progressing, including key executive appointments and contractor finalisations.

Manhattan Corporation has significantly expanded its Hook Lake exploration footprint in Nunavut, staking new claims and preparing a detailed magnetic survey to unlock the project's gold and polymetallic potential.

Liontown Resources reports a strong first operational year at Kathleen Valley with $298 million revenue and $55 million underlying EBITDA despite lithium price pressures. The company is now gearing up for a strategic transition to underground mining backed by a robust $528 million cash position.

American Uranium has received regulatory approval to commence a significant drilling campaign at its Lo Herma uranium project in Wyoming, aiming to boost its resource base amid a growing US nuclear revival.

Kinetiko Energy has reported a strong commercial gas flow from its Brakfontein well, exceeding prior reserve flow rate assumptions and reinforcing the project's economic viability.

Klevo Rewards Limited has updated its prospectus to include a $4.1 million entitlement offer and a $2.2 million debt conversion, aiming to satisfy ASX reinstatement conditions after a prolonged suspension.

Canyon Resources is fast-tracking its Minim Martap bauxite project in Cameroon, backed by a $140 million debt facility and a $215 million equity raise, aiming for production start in early 2026. The Definitive Feasibility Study confirms strong economics with a project NPV exceeding $830 million and an IRR of 29%.

Strike Energy has successfully completed a A$36 million capital raise through a strategic placement and share purchase plan, setting the stage for critical project developments and exploration activities.

Canyon Resources has raised A$215 million through a strategic equity package to fast-track its Minim Martap bauxite project and deepen its investment in Camrail, with key backing from Cameroon's largest financial services group.