Latest Resources News

Adavale Resources has completed the acquisition of a 72.5% stake in the Parkes Gold and Copper Project, delivering promising early exploration results and securing $722,000 in new funding to support upcoming drilling programs.

KGL Resources has reported a robust quarterly update for its Jervois Copper Project, highlighting a strong feasibility study with a $405 million NPV and successful drilling that extends high-grade copper resources. The company also secured $4.2 million in new capital and is progressing strategic financing to target production by 2027.

Superior Resources Limited reports strong progress on its Steam Engine Gold Project, unveiling new gold zones and advancing feasibility studies, while securing government funding for Bottletree drilling and nearing a maiden resource estimate at Cockie Creek.

Clara Resources is gearing up for a pivotal drilling campaign at its Ashford Coking Coal Project while successfully raising $1.245 million through an entitlement offer and placement. The company also navigates significant board changes and continues exploration at its Kildanga Nickel/Cobalt project.

Volt Group Limited reported a robust 26.8% revenue increase in Q1 FY25, driven by strong performances in its EcoQuip and Wescone divisions, alongside promising advances in its ATEN Waste Heat to Power technology.

Minerals 260 Limited has completed a transformative $220 million capital raise alongside acquiring the Bullabulling Gold Project, positioning itself as a significant gold developer with a 2.3 million ounce resource. The company has launched an extensive 80,000-metre drilling program to unlock further resource potential.

Cyprium Metals completed a A$15 million capital raise and formed a strategic alliance with Macmahon to accelerate the restart of its Nifty Copper Complex, while upgrading its Maroochydore copper-cobalt resource.

West Cobar Metals has identified five high-priority copper-gold targets in Western Australia’s Fraser Range and secured a farm-in deal with Minrex Resources to fund upcoming drilling. Positive metallurgical results at its Bulla Park copper-antimony project and a $450,000 placement underpin its exploration momentum.

Elixinol Wellness reported a 13.7% year-on-year revenue increase in Q1 FY25, despite a softer quarter compared to record Q4, with ecommerce momentum and strategic initiatives setting the stage for margin recovery and growth in H2.

Empire Energy Group is advancing its Carpentaria-5H well hydraulic stimulation scheduled for June 2025, alongside preparations for the Carpentaria Gas Plant construction, aiming to commence gas sales from EP187 by late 2025 or early 2026.

North Stawell Minerals has reported a standout high-grade gold intercept at its Darlington target, reinforcing the potential for a Mariners-type mineralisation repeat in Victoria’s Stawell Corridor. Meanwhile, Wildwood drilling confirms geological promise despite lower grades.

Lode Resources has reported exceptional high-grade antimony and silver drill results from its Montezuma Project in Tasmania, alongside commencing a substantial 50-60 hole drilling program to expand the deposit.