Latest Resources News

Marvel Gold Limited has extended the completion date for the sale of its Mali gold projects to August 2025 due to ongoing regulatory delays, signaling cautious navigation of complex local approvals.

New World Resources Limited has agreed to a Takeovers Panel undertaking restricting share issuance to Central Asia Metals PLC pending regulatory proceedings. This move follows an application by Kinterra Capital and could influence the company’s capital raising plans.

Aumake Limited unveils a major FY26 restructuring, splitting operations into two focused units and targeting acquisitions in health supplements to boost profitability and market reach.

The ACCC has approved Cleanaway’s acquisition of Contract Resources, finding no significant threat to competition in Australia’s industrial and waste management sectors. The decision highlights the resilience of competition, especially in the oil and gas services market.

Highfield Resources reports steady progress on a proposed $300 million equity placement with Qinghai Salt Lake, aiming to accelerate its flagship Muga and Southey potash projects. While due diligence advances, no binding deal is yet secured.

Nimy Resources reports outstanding high-grade gallium assay results from Phase 2 drilling at its Block 3 Gallium Project in Western Australia, reinforcing its potential as a world-class resource ahead of a maiden JORC estimate.

S2 Resources has closed its Share Purchase Plan significantly oversubscribed, prompting a pro-rata scale back. The combined funds from the SPP and recent placement will accelerate exploration across multiple Australian projects.

Torque Metals has kicked off a fully funded 6,500-metre drilling campaign at its Paris Gold Project in Western Australia, aiming to expand its 250,000-ounce gold resource by targeting high-grade zones identified through advanced electromagnetic surveys.

Lanthanein Resources Ltd is raising $2.1 million through a fully underwritten entitlement offer, proposing a 30, 1 share consolidation and a rebrand to Fortuna Metals Ltd. The capital raise aims to fund exploration and working capital, but will dilute existing shareholders by approximately 50% if they do not participate.

Kula Gold has secured the exploration licence for the Wozi Niobium Project in Malawi, revealing promising surface mineralisation and setting sights on maiden drilling by late 2025.

New Murchison Gold Limited has reported additional high-grade gold intercepts from its Crown Prince Gold Project, reinforcing the continuity of mineralisation and suggesting potential outperformance ahead of mining. These results mark a significant step forward for the company’s Garden Gully Gold Project near Meekatharra, Western Australia.

Krakatoa Resources has initiated a pivotal two-hole diamond drilling program at its Stone Tank Nb-REE Prospect in Western Australia, targeting significant gravity anomalies that may reveal valuable rare earth mineralisation.