Latest Resources News

Noronex Limited’s maiden diamond drilling at the Fiesta Copper Project in Namibia has validated multiple copper mineralised zones, setting the stage for a significant upcoming drilling campaign funded by South32.

Verity Resources has completed a rigorous validation of historical drilling data at its Monument Gold Project, confirming high-grade gold zones within a 154,000-ounce inferred resource. Phase one infill drilling at Korong is complete with assays pending, setting the stage for a resource upgrade.

First Au Limited has secured permits and funding to launch a 2,500-metre drilling campaign at its Gimlet Gold Project near Kalgoorlie, aiming to upgrade its 120,000-ounce inferred gold resource and advance feasibility studies.

Forrestania Resources has signed a binding agreement to acquire the Burracoppin Gold Project from Askari Metals, adding a significant JORC resource near a major WA gold mine. The deal includes cash, shares, and options, linking Forrestania to promising African exploration assets.

Ionic Rare Earths has launched a $7 million capital raise through a renounceable rights issue and placement, aiming to accelerate its magnet recycling projects and expand operations internationally.

Stavely Minerals has completed a significant Phase 2 drilling campaign at its Fairview North and South gold prospects, confirming and expanding shallow, broad zones of moderate to high-grade gold mineralisation within its Western Victoria project.

Ora Banda Mining Limited reports a 24% increase in Ore Reserves and a Mineral Resource growth to 2.11 million ounces at its Davyhurst Gold Project, setting the stage for an ambitious $73 million exploration program in FY26.

DeSoto Resources has revealed promising soil sampling results from its Tole and Dadjan projects in Guinea’s Siguiri Basin, identifying new gold anomaly zones that set the stage for upcoming maiden drilling campaigns.

Askari Metals has agreed to sell its Australian gold assets to Forrestania Resources for A$700,000, enabling a strategic pivot towards its promising African exploration projects.

Golden Deeps Ltd has identified further high-grade copper mineralisation at its Graceland Critical Metals Prospect in Namibia, with new channel sampling revealing extensive mineralised zones. An upcoming Induced Polarisation survey aims to pinpoint drilling targets for critical metals including copper, silver, and germanium.

Hamelin Gold reports encouraging shallow gold mineralisation at its Fremlins South prospect in Western Australia’s West Tanami, with ongoing drilling programs expanding exploration across multiple targets.

Northern Star Resources has updated its dividend announcement, confirming a fully franked ordinary dividend of AUD 0.30 per share and setting the Dividend Reinvestment Plan price at AUD 20.00 per share.