Latest Resources News

Power Minerals Limited has secured an option to acquire the Gamma Heavy Rare Earths Project in California, adjacent to the Mountain Pass Mine, backed by a $4.1 million placement to accelerate exploration.

Maronan Metals has raised $16 million through a well-supported institutional placement and launched a $3 million Share Purchase Plan to fund development of its high-grade silver-lead and copper-gold project in Queensland.

Savannah Goldfields reports promising high-grade gold assay results from its latest drilling campaign at Big Reef Extended, reinforcing the Georgetown Project’s near-term mining potential.

Locksley Resources has produced a high-grade antimony concentrate exceeding market standards from its Desert Antimony Mine in California, marking a significant step toward a fully domestic US antimony supply chain.

Ausmon Resources has completed a 23-hole aircore drilling program at its Parrakie tenement in South Australia, revealing encouraging preliminary rare earth element concentrations. The results pave the way for further exploration and resource definition in the Limestone Coast REEs Project.

Winsome Resources has resolved a regulatory hurdle to receive 17.65 million shares in Power Metals Corp, increasing its stake to 16.15% and reinforcing its position in critical minerals. Combined with a strong cash balance, this move strengthens Winsome’s liquidity and strategic outlook.

Flagship Minerals’ review of Anglo American’s dataset reveals a 5km by 1.2km gold-in-soil anomaly at the Pantanillo Gold Project in Chile, significantly larger than current drill coverage and supporting plans to upgrade the resource estimate.

Turaco Gold has confirmed a significant high-grade gold discovery at its Adiopan prospect within the Afema Project, with drilling results pointing to substantial resource growth ahead of a major update. The company’s Pre-Feasibility Study remains on track, supported by a strong cash position.

Xstate Resources reports a significant overpressured gas column at its Diona-1 well in Queensland, hinting at a potentially large unconventional gas resource. Drilling continues with further data acquisition pending.

Premier1 Lithium Limited has announced a renounceable pro-rata entitlement offer to raise approximately $1.84 million, alongside plans to rebrand as Erebus Resources Limited pending shareholder approval. The capital raise is partially underwritten and aims to fund exploration at key projects and support general working capital.

Premier1 Lithium has announced a partially underwritten entitlement offer to raise $1.84 million at a 50% discount, aiming to fund focused drilling and exploration at its Yalgoo and Abbotts North projects.

Kuniko Limited has raised A$1.52 million through a rights issue shortfall and top-up placement, fully funding Stage-1 exploration at its Commonwealth Gold-Silver Project in NSW. Exploration activities, including geochemical sampling and airborne geophysics, are now underway in the prolific Lachlan Fold Belt.