Latest Mineral Resource News

Fortescue Ltd reported a solid FY25 with record iron ore shipments and a strong profit, while making significant strides in its decarbonisation agenda including renewable energy projects and green metal production.

Metals X Limited reported a robust half-year to June 2025 with profit after tax soaring 256% to $52.9 million, driven by higher tin sales and prices from its Renison joint venture. The company also progressed key projects and deepened strategic investments while reinforcing its ESG and safety frameworks.

Paterson Resources is set to begin an 8,500-metre drilling campaign at its Grace Gold Project, aiming to upgrade its resource classification and unlock further value in a highly prospective region.

Ark Mines has landed a $4.5 million investment from Queensland’s Critical Minerals and Battery Technology Fund, accelerating development at its Sandy Mitchell rare earths project with production targeted for late 2027.

Vital Metals has raised A$6.8 million through a strategic placement led by US-based Strategic Resources LLC to advance its Tardiff Rare Earth project in Canada, aiming to deploy innovative Dry Field Force Extraction technology that could reshape project economics and environmental impact.

Lion Selection Group has sold its stake in Erdene Resource Development Corp for A$12.3 million, securing a strong return and announcing a 2 cents per share fully franked special dividend for shareholders.

G50 Corp has raised A$10 million through a well-supported institutional placement to fund extensive drilling and metallurgical testing at its Golconda project in Arizona, targeting strategic minerals including gallium.

Legacy Minerals has secured NSW Government approval to recommence drilling at its Mt Carrington gold-copper project, unveiling fresh geophysical targets and backed by a recent $7.75 million capital raise.

Strickland Metals has announced the discovery of a new high-grade copper-gold zone at its 5.3Moz AuEq Shanac Deposit in Serbia, revealing some of the highest copper grades ever recorded at the project. This breakthrough supports the company’s ambitious 50,000m drilling program and a targeted resource upgrade later this year.

American West Metals has completed critical development and permitting milestones at its Storm Copper Project in Nunavut, Canada, advancing its Pre-Feasibility Study and revealing promising drilling results that hint at resource expansion.

Vertex Minerals has commenced high-grade underground gold production at its Reward Mine, processing first ore through a new gravity-only plant and aiming to replace low-grade surface stockpiles with richer underground feed.

QMines Limited reports promising visual sulphide mineralisation in the first diamond tail drill hole at Sulphide City, advancing its Develin Creek copper-zinc project resource upgrade.