Latest Resources News

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.

ALCORE, ABx Group’s subsidiary, has secured government approval for overseas R&D activities and is pursuing a $5 million grant to accelerate its clean fluorine chemical technology commercialisation.

Red Sky Energy has formalized its 35% interest in Angola’s Block 6/24 following parliamentary ratification of the Risk Service Contract, unlocking access to significant oil resources and advancing its international growth strategy.

Cobalt Blue Holdings reports key technical milestones at its Broken Hill Technology Centre, progressing toward a final investment decision for its Kwinana Cobalt Refinery by late 2025 amid a recovering cobalt market.

Robex Resources has amended its $130 million facility with Sprott, enabling access to $90 million without immediate permit approvals, accelerating development of its Kiniéro Gold Project in Guinea.

Magnum Mining & Exploration Limited has appointed Leslie Pereira as a Non-Executive Director while Neil Goodman steps down from the board, marking a strategic shift aimed at enhancing shareholder value and project development.

Greenvale Energy's maiden drilling at the Oasis Uranium Project in Queensland has revealed multiple high-grade uranium zones, confirming mineralisation continuity and significant depth extensions. These promising results underscore the project's growth potential and position Greenvale as a rising uranium explorer.

Lion Selection Group has committed $0.5 million to Peregrine Gold’s $3 million placement, gaining a foothold in promising Pilbara gold and iron ore projects with significant exploration upside.

Augustus Minerals is progressing its second-in-time licence application for the Mt Kare Gold Project in Papua New Guinea, aiming to unlock a high-grade alkali epithermal deposit near the Porgera mine. The company is preparing for rapid underground development and aggressive drilling, contingent on regulatory outcomes.

Arika Resources reveals exceptional bonanza-grade gold intercepts at its F1 Prospect and confirms significant strike extensions at Great Bonaparte East, underscoring the growing potential of the Yundamindra Gold Project in Western Australia.

Flynn Gold has discovered a new high-grade gold vein at its Grenadier Prospect in Northeast Tasmania, marking a significant expansion of the Golden Ridge Project’s mineralised system. A maiden drilling program has been completed, with assay results eagerly awaited.