Latest Mineral Resources News

Geopacific Resources has reported compelling new gold assay results from its Woodlark Gold Project, confirming multiple high-grade zones and a promising new discovery at Kamwak. The ongoing drilling campaign signals significant resource growth potential in Papua New Guinea.

Eagle Mountain Mining has secured a 12-month exclusive option to acquire the Oracle Ridge copper mine’s surface and mineral rights, positioning the company to potentially restart production on a resource containing 380,000 tons of copper.

Eagle Mountain Mining has taken significant steps to re-enter its Oracle Ridge copper project in Arizona through a strategic option agreement and a potential joint venture with Japan’s Nittetsu Mining. The deal promises to clear debt and fund early development, setting the stage for a medium-term production restart.

Alice Queen Limited is updating its Horn Island Gold Project scoping study following a dramatic gold price increase, while engaging GBA Capital to explore financing options.

Peel Mining Limited reveals a robust high-grade resource base and ongoing exploration in the Cobar Basin, positioning itself for growth amid a dynamic regional mining landscape.

Austral Resources Australia Ltd has successfully completed a $40 million capital raise and is reinstated to ASX trading, positioning itself as a mid-tier copper producer with a dual-hub operation in Queensland.

Olympio Metals has raised $1.25 million to fund further exploration at its promising Bousquet Gold Project, following a maiden drilling program that intersected significant gold mineralisation in over 85% of holes.

Ballymore Resources has initiated a 1,000m diamond drilling program at the Seventy Mile Mount breccia pipe within its Ravenswood Project, aiming to unlock bulk-tonnage gold mineralisation at depth. This follows promising historic and recent drill results indicating improving gold grades below shallow intersections.

Kingsland Minerals has successfully closed an oversubscribed Share Purchase Plan, raising A$543,000 to advance its Leliyn Graphite Project and exploration efforts.

Prospect Resources has agreed to sell its Step Aside Lithium Project in Zimbabwe for up to US$2.2 million, marking a strategic shift to focus on its larger Mumbezhi Copper Project in Zambia. The deal includes upfront and milestone payments tied to the buyer's development progress.

Galan Lithium has completed a $20 million strategic placement with Clean Elements, fully funding Phase 1 construction of its Hombre Muerto West lithium project in Argentina, with production on track for mid-2026.

Mont Royal Resources has re-listed on the ASX following a merger with Commerce Resources, bringing the Ashram Rare Earth and Fluorspar Deposit in Québec to the forefront of North American critical minerals development.