Latest Resources News

Greenvale Energy has completed the acquisition of the high-grade Oasis Uranium Project in Queensland and successfully raised $1.8 million to fund upcoming exploration programs, marking a significant step in its uranium portfolio expansion.

ADX Energy reported a 13% rise in Austrian production and a 15% increase in sales revenue for Q1 2025, while Welchau-1 well testing remains suspended pending legal review. The company also secured a key Italian gas exploration permit, positioning for growth across Europe.

ADX Energy Ltd reported a solid cash balance of A$6.67 million at the end of Q1 2025, despite significant investment in exploration activities and ongoing loan repayments. The company’s quarterly cash flow highlights its commitment to advancing projects while managing financial stability.

Global Uranium and Enrichment Limited has completed a transformative acquisition of the Pine Ridge Uranium Project in Wyoming, backed by a A$10 million capital raise and strategic partnership with Snow Lake Energy. This positions the company for near-term uranium production in the US’s premier ISR basin while advancing multiple other uranium assets.

AustChina Holdings has completed a strategic placement raising $412,500 to fund exploration of newly acquired gold and antimony prospects in Tasmania, marking a key step in its resource expansion strategy.

Midas Minerals has identified multiple drill-ready gold targets at its Newington Project in Western Australia, with drilling planned for the September quarter pending approvals. Meanwhile, exploration continues at the Challa Project as assay results are awaited.

Diablo Resources has identified six promising copper mineralisation targets at its newly acquired Phoenix Copper Project near the Lisbon Valley Mine, backed by a $576,800 capital raise to fund upcoming drilling in 2025.

Bounty Oil and Gas NL reported steady progress in Queensland oil production and development, increasing reserves to 313,000 barrels, while pursuing a Federal Court review of the PEP 11 offshore permit refusal. The company also completed a modest $231,000 entitlement offer to support ongoing exploration and development.

Falcon Metals confirms robust mineralogical quality at its Farrelly Mineral Sands deposit and reveals promising gold structures at Pyramid Hill, underpinning a strategic exploration push in Victoria.

Indiana Resources reports significant high-grade gold assay results extending the Minos Southwest Zone and deepening mineralisation, alongside a strong cash position and corporate developments including a proposed capital return.

LCL Resources has struck a binding agreement to divest its Colombian projects for A$10 million plus royalties, while unveiling a maiden 831,000-ounce gold resource at its Kusi project in Papua New Guinea.

Fenix Resources’ off-market takeover offer for CZR Resources has officially lapsed after failing to meet the 75% minimum acceptance threshold, leaving CZR shareholders in control of their stakes.