Latest Resources News

Resolution Minerals has completed the first three holes of its 2026 drilling campaign at Golden Gate, Idaho, revealing strong sulphide mineralisation and alteration consistent with known gold and tungsten zones. A second drill rig is now onsite to accelerate the program, which aims to test up to 13,700 metres across 45 holes.

Metal Bank has secured $1.2 million through a placement at a 30% premium, aiming to fast-track production at its Seven Leaders deposit and advance the Homestead and Winja gold projects at Livingstone.

L1 Long Short Fund Limited (ASX:LSF) has declared a fully franked 3.7 cent dividend, continuing a trend of rising payouts amid a standout 44.7% net return over the past year, significantly outperforming the ASX200AI benchmark.

Carnaby Resources has extended its high-grade Trek 1 Footwall Lode at the Greater Duchess Project, delivering a 38m intercept at 1.9% copper equivalent and keeping the discovery wide open for further growth.

DeSoto Resources has identified two priority soil anomaly zones at its Timbakouna Project in Guinea’s Siguiri Basin, setting the stage for targeted drilling after airborne magnetics surveys and infill sampling.

Lion Rock Minerals has brought in a seasoned leadership team from Sierra Rutile to spearhead development at its Minta Rutile and Monazite Project in Cameroon, supported by a $2 million capital raise.

Advance Metals Limited (ASX:AVM) is acquiring the remaining 20% of its Myrtleford and Beaufort gold projects, moving to 100% ownership following a string of high-grade drill results and promising metallurgical recoveries at Happy Valley.

Hillgrove Resources has secured an option to earn an 80% stake in the Mutooroo Copper Project through a $10 million pre-feasibility study farm-in with Havilah Resources, aiming to leverage existing infrastructure to boost copper output.

Hillgrove Resources has secured the right to earn an 80% stake in the Mutooroo Copper Project through a farm-in deal with Havilah Resources, leveraging its Kanmantoo processing plant to potentially boost copper output with lower capital risk.

Sunstone Metals continues to deliver promising gold-copper intersections at its Bramaderos project in Ecuador, with recent Porotillo drilling reinforcing potential to expand the current 3.6Moz resource ahead of a resource update later this year.

Nelson Resources has begun mobilising drilling crews for its maiden underground program at the high-grade Orleans Mine in Nevada, leveraging restored underground access to enhance targeting precision and reduce costs.

Patagonia Lithium’s latest packer tests at Formentera Well Seven reveal promising lithium brine quality and flow, suggesting potential expansion of its mineral resource.