Latest Project Development News

American Rare Earths has successfully produced mixed rare earth oxides from Halleck Creek ore, marking a pivotal technical breakthrough in its mineral processing program. This achievement advances the project closer to commercial viability amid growing demand for critical minerals.

Ausgold Limited’s updated Definitive Feasibility Study for the Katanning Gold Project significantly boosts gold production forecasts and financial returns, underpinning a robust development pathway.

Eastern Gas Corporation Limited, a new ASX-listed subsidiary of Pure One Corporation, has lodged a Replacement Prospectus to raise $5.5 million for advancing its Queensland gas projects, targeting commercial production through horizontal drilling and fracture stimulation.

Magnetic Resource NL is refining its Lady Julie Gold Project with updated mine designs and infrastructure work, aiming to reduce costs and boost gold recovery ahead of a final optimization report in early 2026.

Boab Metals has successfully raised A$60 million through a two-tranche placement and launched a Share Purchase Plan to complete funding for its Sorby Hills Lead-Silver Project in Western Australia.

HyTerra Limited has appointed Riley Kemp as its new CEO, aiming to accelerate growth and strengthen its position in the emerging geologic hydrogen sector.

Fortescue Ltd has announced a binding agreement to acquire the remaining 64% of Alta Copper, gaining full control of the Cañariaco Copper Project in Peru. The deal values Alta Copper at C$139 million and aligns with Fortescue’s expanding copper strategy.

Global Uranium and Enrichment Limited has reported robust drilling outcomes from its Pine Ridge Uranium Project in Wyoming, reinforcing its potential as a significant in-situ recovery uranium resource in a key US basin.

Arafura Rare Earths has completed the second tranche of its $475 million capital raise, issuing over 1.25 billion shares and raising $351.6 million before costs. The company also awaits results from a retail share purchase plan that could add another $50 million.

Medallion Metals has completed a Feasibility Study for its Ravensthorpe Gold Project, confirming robust economics and a clear pathway to near-term gold and copper production leveraging existing infrastructure in Western Australia.

IRIS Metals Limited has voluntarily suspended trading of its shares on the ASX pending a significant capital raising announcement expected next week.

Carnaby Resources reports robust new drill results from its Greater Duchess Project, revealing significant high-grade copper-gold mineralisation at the Trek 1 and Inheritance prospects. The ongoing drilling program and upcoming Pre-Feasibility Study signal advancing project development.