Latest Resources News

Power Minerals Limited reports exceptional high-grade rare earth and niobium intersections from shallow drilling at its Santa Anna Project in Brazil, reinforcing its potential for a significant mineral resource.

Odyssey Gold Limited has reported preliminary metallurgical test results from its Tuckanarra Gold Project, revealing strong gold recoveries across oxide and fresh sulphide ores. These findings support the potential for ore processing at Monument Murchison’s Burnakura plant under their joint venture.

Close the Loop Limited reported a 7% decline in revenue to $195.1 million for FY25, alongside a significant net loss increase to $21.9 million, driven by operational challenges and one-off costs. The company is navigating leadership changes and portfolio adjustments while maintaining a focus on sustainability and circular economy growth.

Diatreme Resources has achieved a significant regulatory milestone with Project Status granted across its silica sand tenements in Far North Queensland, alongside critical tenure renewals that preserve its strategic landholdings. This development strengthens its pathway toward long-term production of low-iron, high-purity silica sand.

Lakes Blue Energy has resumed drilling at its Wombat-5 well in Victoria’s Gippsland Basin, overcoming earlier technical setbacks with a fresh contractor agreement. The company is making solid progress toward its target formation under a fixed price contract.

Livium Ltd reports a significant A$6.6 million uplift in net assets driven by a reduction in fire claim provisions, recognition of a deferred tax asset, and equity accounting of its LieNA® joint venture with Mineral Resources.

Enova Mining confirms significant rare earth mineralisation at its East Salinas Project in Brazil, with rock chip assays reaching up to 2.17% TREO and elevated NdPr oxide ratios. The company is poised to commence diamond drilling to test these promising targets.

Ramelius Resources has announced a fully franked final dividend of A$0.05 per share for FY2025, alongside a Dividend Reinvestment Plan offering a 2% discount on new shares.

Gateway Mining Limited has requested a voluntary suspension of its ASX-listed securities pending an important announcement on exploration results from its Yandal Gold Project, expected by 26 August 2025.

Haranga Resources has secured regulatory approvals and begun underground works at its Lincoln Gold Project, setting the stage for a maiden drilling campaign aimed at upgrading a significant historical gold resource to JORC standards.

Magmatic Resources has completed the second stage of acquiring the Weebo Gold Project in Western Australia and initiated a robust exploration program targeting high-potential gold zones.

Resolution Minerals and Snow Lake Resources have mutually agreed to halt their proposed transaction over the Horse Heaven Project, citing commercial disagreements despite no material due diligence issues.