Latest Resources News

King River Resources has appointed seasoned geologist and executive Graham Gadsby as Managing Director, aiming to leverage his proven track record in gold exploration and operational turnarounds to drive the company’s future growth.

Cavalier Resources has raised $2.14 million through a discounted placement to fast-track drilling at its Crawford Gold Project, while continuing negotiations for a $11 million pre-payment deal.

Black Canyon Limited has raised $10 million through a share placement to accelerate exploration and development of its promising Wandanya manganese and iron discovery in Western Australia.

Magnetite Mines has successfully closed a fully subscribed $2.65 million rights issue, followed by a $1.214 million placement, positioning the company to advance its Razorback Iron Ore Project and explore broader mineral opportunities.

Caspin Resources has released its maiden inferred tin resource estimate for the Kelpie Deposit at the Bygoo Tin Project, revealing a high-grade deposit with significant upside potential. The company also outlined a large exploration target that could more than double the current resource.

Vulcan Energy has inked a pivotal supply contract with Canadian firm NESI for electrolysis technology, advancing its Lionheart Project’s Central Lithium Plant in Frankfurt. This deal marks a crucial step toward finalising project financing and commencing construction in H2 2025.

iTech Minerals has announced a $2 million equity raise, including a $1 million Share Purchase Plan offering shares at a 14.2% discount to fund key mineral exploration projects and working capital.

Battery Age Minerals has identified several large-scale gold and silver drill targets at its El Aguila Project in Argentina, integrating historical high-grade data with new soil sampling and geophysical surveys. The company is progressing environmental approvals and aims to commence maiden drilling in 2025.

Critical Resources Limited is set to commence its first drilling campaign at the Amoco Gold-Antimony Project in NSW, targeting a promising structural corridor with confirmed high-grade surface samples. Drilling is scheduled to begin in early October following pending soil-geochemistry results.

Hot Chili Limited has successfully raised A$14.1 million through a fully subscribed entitlement offer, reinforcing confidence in its Costa Fuego copper-gold project and funding critical next-phase development activities.

Shenghe Resources has increased its cash offer to acquire Peak Rare Earths to A$195 million, representing a significant premium and a best and final proposal. The Peak Independent Board Committee unanimously recommends shareholders support the scheme, pending an independent expert's endorsement.

Rincon Resources Limited has responded to an ASX query about recent unusual trading activity, confirming no undisclosed information but pointing to imminent drilling and assay results as possible drivers.