Latest Resource Development News

Somerset Minerals (ASX – SMM) is advancing its Coppermine Project in Canada with promising maiden drill results and a $4 million placement to fund expanded exploration.

Tamboran Resources has achieved a landmark agreement with Native Title Holders and the Northern Land Council, enabling the sale of appraisal gas from the Beetaloo Basin. This paves the way for first gas delivery from the Shenandoah South Pilot Project by mid-2026, supporting Northern Territory energy security.

Global Lithium Resources has finalized a Native Title Mining Agreement with the Kakarra Part B Native Title Group, unlocking the path for its Manna Lithium Project's development and operational progress.

Kingsland Minerals has revealed breakthrough metallurgical test results at its Leliyn Graphite Project, identifying muscovite mica as the primary host of high-grade gallium mineralisation. This discovery opens the door to producing a valuable gallium by-product, potentially enhancing the project's economics amid soaring global demand.

Asra Minerals has initiated a 2,000-meter aircore drilling program targeting extensions of historic high-grade gold mineralisation at its Leonora South Gold Project in Western Australia.

Santana Minerals has raised A$63 million through a fully underwritten placement and a Share Purchase Plan to fast-track development of its Bendigo-Ophir Gold Project, attracting strong support from international and domestic investors.

Power Minerals Limited is set to acquire the Santa Anna Niobium-REE-Gallium Project in Brazil following successful due diligence that confirmed significant mineralisation and expansion potential.

Geopacific Resources reports significant high-grade gold trench results extending mineralisation at Little MacKenzie within its Woodlark Gold Project, Papua New Guinea. A major 30,000-metre drilling campaign is now underway to expand the resource base and explore new targets.

Lindian Resources has secured a decisive legal victory in Malawi, with the High Court dismissing claims by Deep Blue Sea Limited and awarding costs to Lindian. This outcome clears the path for Lindian to focus fully on advancing its Kangankunde Rare Earths Project.

Resolution Minerals has received a non-binding $225 million offer from NASDAQ-listed Snow Lake Resources for its Horse Heaven Project in Idaho, signaling potential major shifts for the company’s US operations.

Critical Resources Limited is advancing a suite of gold, antimony, and lithium projects across New Zealand, Canada, and Australia, with drill programs slated for late 2025. The company’s focus on underexplored Tier-1 jurisdictions and strategic resource development positions it well amid tightening critical minerals supply.

Horseshoe Metals advances its Horseshoe Lights copper-gold project with mining approval secured, site mobilization underway, and new drilling planned to expand resources.