Latest Resources News

Elixir Energy has wrapped up a 12-stage fracture stimulation at its Lorelle-3H appraisal well in Queensland’s Taroom Trough, placing all proppant as planned. The company is now milling out plugs ahead of a 30-day gas-condensate flow test that could validate commercial production potential.

DGR Global is sharpening its focus on copper and gold exploration in Queensland and Ecuador while pursuing a potentially lucrative damages case linked to Armour Energy's liquidation. The company also plans a share buy-back to unlock shareholder value.

BOA Resources (ASX: BOA) is set to acquire full ownership of the Thaduna and Green Dragon copper deposits, adding a combined 5.3 million tonnes at 2.3% copper to its portfolio and expanding its Murchison Belt footprint ahead of a funded drilling campaign.

Resources & Energy Group (ASX:REZ) has extended gold mineralisation at its Gigante Grande prospect, confirming significant intercepts 1 km south of the existing resource and supporting a substantial exploration target.

Flagship Minerals has agreed to sell its RK Lithium Project in Thailand for US$4 million, accelerating its strategic pivot towards gold and copper assets in Chile and Canada.

KGL Resources has launched a A$300 million equity raising to complete funding for the Jervois Copper Project, combining it with a US$300 million streaming deal and existing cash to fully finance construction and production.

Mesoblast has drawn US$50 million from a new five-year facility that reduces its interest burden and retires expensive short-term debt, strengthening its financial position ahead of commercial expansion.

Australian Rare Earths (ASX: AR3) has announced a maiden Ore Reserve of 26 million tonnes at 920 ppm TREO for its Koppamurra Rare Earths Project, underpinned by a robust Pre-Feasibility Study delivering an A$858 million post-tax NPV and a rapid payback of less than one year.

Renascor Resources has identified extensive copper mineralisation across multiple prospects at its Flat Hill project in South Australia, prompting a strategic program of re-assays and geophysical surveys to unlock a district-scale system.

Cullen Resources’ Northern Finland joint venture with Capella Minerals has delivered promising copper-silver mineralization in maiden drilling at Killero E, setting the stage for upcoming gold-focused drilling at Killero W.

Cyprium Metals has marked a significant milestone with the first sulphuric acid delivery to its Nifty Copper Complex in 20 years, signaling a shift from construction to commissioning. The Phase 1 Copper Cathode Restart project is advancing rapidly, with key infrastructure and operational systems nearing completion.

Paladin Energy has identified a fresh high-grade uranium deposit named Atlas at its Patterson Lake South project in Canada, expanding its resource potential with promising drill results.