Latest Resources News

Lakes Blue Energy reports encouraging natural gas readings from its Wombat-5 well in Victoria’s Gippsland Basin, advancing drilling towards a significant commercial gas target.

ABx Group has raised A$3 million through a well-supported share placement to advance its Deep Leads heavy rare earths project in Tasmania, aiming to complete key studies and expand exploration.

IRIS Metals has expanded its footprint in the Black Hills of South Dakota by acquiring the Bob Ingersoll Mine and surrounding mineral claims, positioning itself for near-term lithium production with drilling planned for late 2025.

RareX Limited’s initial exploration at Mt Mansbridge reveals multiple high-grade heavy rare earth occurrences, including rock chips with up to 2.7% total rare earth oxides and exceptional heavy rare earth content. Soil sampling further confirms promising targets for future drilling.

Strategic Energy Resources has identified multiple priority drill targets at its Canobie Project following detailed gravity modelling and has commenced a magnetotelluric survey ahead of a diamond drilling program set for this quarter.

PhosCo’s maiden drilling at the KM prospect within Tunisia’s Gasaat Phosphate Project reveals record-thick phosphate layers near the proposed plant site, suggesting a faster route to production and improved project economics.

Locksley Resources has entered a non-binding agreement with EV Resources to purchase antimony ore, advancing its proprietary DeepSolv™ processing and supporting U.S. domestic supply for defense and energy sectors.

Locksley Resources has taken a significant step toward securing diversified antimony supply for the U.S. market by entering a non-binding agreement with EV Resources, supporting its proprietary DeepSolv™ processing technology and domestic critical minerals strategy.

Brightstar Resources has reported exceptional high-grade gold intercepts from recent drilling at its Lord Byron deposit, significantly exceeding expectations and prompting plans for further exploration.

Augustus Minerals has raised $1.675 million through a placement to fund maiden drilling at its Music Well gold targets and advance the Mt Kare project application. The capital boost positions the company with nearly $2.75 million in cash to accelerate exploration activities through 2025.

QMines Limited reports a significant increase in optimised open pit material at its Develin Creek project, confirming 930,000 tonnes at 1.73% copper equivalent from the Scorpion-Window deposit. Combined with Mt Chalmers and Mt Mackenzie, total optimised material rises to 13.6 million tonnes, advancing the company’s central Queensland copper-gold strategy.

Axel REE Limited has unveiled new high-grade gallium and rare earth element zones at its Caladão Project in Brazil, expanding the mineralised footprint and reinforcing its status as a major critical minerals asset.