Latest Resource Development News

OzAurum Resources confirms consistent high-grade gold mineralisation at its New Cross Fault discovery within the Mulgabbie North Gold Project, highlighting promising drill results and a new structural target that could significantly enhance the project’s resource base.

Ora Banda Mining's latest drilling at Riverina confirms deep, high-grade gold mineralisation, extending mine life and prompting a $45 million investment to accelerate exploration and infrastructure expansion.

Equinox Resources' Managing Director Zac Komur presented a detailed update on the Alturas Antimony Project, highlighting exceptional exploration results and strategic progress in British Columbia.

Vanadium Resources Limited (ASX: VR8) has been reinstated to trading following a suspension linked to new funding arrangements, signaling renewed operational momentum.

Avenira Limited has ended its licensing agreement with Aleees, freeing the company to focus on a phased development of its Wonarah Phosphate Project aimed at early revenue generation in late 2025.

Estrella Resources has reported exceptional manganese assay results from its Lautém Project in Timor-Leste, revealing grades up to 58.6% Mn and paving the way for imminent drilling activities.

Sarama Resources has completed the second tranche of its A$2 million equity placement, issuing options to institutional investors after shareholder approval. The funds are earmarked for advancing exploration and supporting working capital.

Elixir Energy has significantly expanded its footprint in the Taroom Trough through a farmin agreement with Santos, adding substantial contingent gas resources as Eastern Australia faces an imminent gas supply shortfall.

Belararox Limited has initiated drilling at its Malambo copper-gold porphyry target and is making steady progress at Tambo South, marking a pivotal phase in the Toro-Malambo-Tambo Project in Argentina.

ABx Group and Core Refining have mutually terminated their licence agreement as ABx pivots to a more cost-effective and sustainable method for producing aluminium fluoride, advancing the ALCORE project into its continuous pilot phase in Tasmania.

Nexus Minerals has launched an 11,000-metre aircore drilling program at its Wallbrook Gold Project, targeting promising new and existing gold prospects with assay results expected by April 2025.

Poseidon Nickel and Horizon Minerals have officially completed their merger via schemes of arrangement, with Poseidon shares suspended and scheme consideration set for distribution next week.