Latest Project Development News

Buru Energy is progressing steadily on its Rafael Project, aiming for commercial agreements in early 2025 and production by late 2027, while implementing significant cost reductions to sharpen its financial position.

Energy Transition Minerals Ltd has successfully raised A$9.35 million through a strategic share placement, bolstering its financial position to advance the Kvanefjeld Rare Earths Project in Greenland and attracting new international institutional investors.

TG Metals Limited reports robust metallurgical testwork outcomes for spodumene concentrate at its Lake Johnston Project, achieving lithium grades exceeding 6% Li2O and recovery rates above 80%. The company maintains a solid cash position of $5.3 million as it prepares for further exploration in 2025.

Terramin Australia’s attempt to secure a mining lease for its Bird in Hand Gold Project has been rejected by the South Australian Supreme Court, which upheld the government’s refusal and reservation of the land. The company is set to appeal, keeping the project’s future uncertain.

Iron Road Ltd has secured a $3 million milestone payment from Amp Energy and made significant progress on its Cape Hardy Industrial Port Precinct and Central Eyre Iron Project slurry pipeline study, reinforcing its strong cash position and strategic development plans.

Brazilian Critical Minerals Limited reports strong assay results from its 2024 drilling program at the Ema project, confirming widespread high-grade rare earth mineralisation ideal for in-situ recovery mining.

Lithium Energy Limited has received a US$6 million second deposit from CNGR Netherlands, marking a key milestone in the US$63 million sale of its Solaroz Lithium Brine Project. Shareholder approval has made the amended sale agreement unconditional, setting the stage for phased completion in 2025 and 2026.

Andromeda Metals has secured a $2.34 million R&D tax refund for the 2024 financial year, reinforcing its funding strategy and underpinning development of the Great White Project.

Northern Minerals has reported a 15% increase in the total rare earth oxides (TREO) at its Wolverine deposit, with a striking 75% rise in Measured and Indicated TREO tonnes, underpinning the next phase of its Browns Range project development.

Mt Malcolm Mines NL’s bulk sampling program at the Golden Crown Prospect has yielded 122.4 ounces of gold doré, reinforcing the site’s ultra-high-grade gold mineralisation and underpinning plans for future mining development.

Genesis Minerals Limited reported a record December quarter gold production of 57,055oz, driven by an accelerated Laverton mill restart and strong operational execution. The company’s cash reserves surged 34% to A$238 million, underpinning its debt-free growth strategy.

Magnetic Resources has significantly increased the gold resource estimate at its Lady Julie Gold Project to 1.75 million ounces, advancing plans for concurrent underground mining and an expanded processing plant.