Latest Resources News

Ausmon Resources has completed a 23-hole aircore drilling program at its Parrakie tenement in South Australia, revealing encouraging preliminary rare earth element concentrations. The results pave the way for further exploration and resource definition in the Limestone Coast REEs Project.

Winsome Resources has resolved a regulatory hurdle to receive 17.65 million shares in Power Metals Corp, increasing its stake to 16.15% and reinforcing its position in critical minerals. Combined with a strong cash balance, this move strengthens Winsome’s liquidity and strategic outlook.

Flagship Minerals’ review of Anglo American’s dataset reveals a 5km by 1.2km gold-in-soil anomaly at the Pantanillo Gold Project in Chile, significantly larger than current drill coverage and supporting plans to upgrade the resource estimate.

Turaco Gold has confirmed a significant high-grade gold discovery at its Adiopan prospect within the Afema Project, with drilling results pointing to substantial resource growth ahead of a major update. The company’s Pre-Feasibility Study remains on track, supported by a strong cash position.

Xstate Resources reports a significant overpressured gas column at its Diona-1 well in Queensland, hinting at a potentially large unconventional gas resource. Drilling continues with further data acquisition pending.

Premier1 Lithium Limited has announced a renounceable pro-rata entitlement offer to raise approximately $1.84 million, alongside plans to rebrand as Erebus Resources Limited pending shareholder approval. The capital raise is partially underwritten and aims to fund exploration at key projects and support general working capital.

Premier1 Lithium has announced a partially underwritten entitlement offer to raise $1.84 million at a 50% discount, aiming to fund focused drilling and exploration at its Yalgoo and Abbotts North projects.

Kuniko Limited has raised A$1.52 million through a rights issue shortfall and top-up placement, fully funding Stage-1 exploration at its Commonwealth Gold-Silver Project in NSW. Exploration activities, including geochemical sampling and airborne geophysics, are now underway in the prolific Lachlan Fold Belt.

Greenwing Resources has unveiled a scoping study for its Que River polymetallic project in Tasmania, outlining a low capital expenditure route to potentially generate A$63 million in cash flow within a year. The study leverages existing infrastructure and highlights significant exploration upside beneath existing pits.

First Au Limited’s initial drilling results at the Nimba Gold Project in Liberia reveal broad zones of gold mineralisation, validating geological models and hinting at significant resource potential.

Capstone Copper reports promising Phase 1 drilling outcomes at its Mantoverde mine in Chile, revealing higher-than-expected copper grades and confirming mineral continuity. The company plans an ambitious Phase 2 drill program targeting resource growth in the northern corridor.

Saturn Metals has upgraded its Apollo Hill gold resource to 2.24 million ounces with 82% now in higher-confidence categories, while successfully raising $45 million to advance development.