Latest Resource Expansion News

West African Resources Limited reported a robust quarter with strong operating cash inflows and significant investment in exploration, ending June 2025 with A$279 million in cash. The company’s strategic financing and spending patterns highlight its commitment to growth in West Africa’s gold sector.

West African Resources delivered solid Q2 gold production and cash flow, with the Kiaka project completing construction early and under budget. High-grade drilling results at M1 South promise further resource growth.

NexGen Energy has released final 2024 and new 2025 assay results from its Patterson Corridor East exploration, confirming significant high-grade uranium mineralization expansion near its flagship Arrow deposit.

Vulcan Energy has marked significant milestones in its Phase One Lionheart Project, including drilling progress, a landmark heat supply deal, and a substantial lithium resource upgrade in Germany.

Alkane Resources reported steady gold production and cash flow for FY2025 at its Tomingley operations, while securing shareholder approval for a transformative merger with Mandalay Resources.

Carnavale Resources has reported a substantial 38% increase in its Kookynie Gold Project mineral resource, now totaling 117,000 ounces of gold, driven by new high-grade discoveries and expanded drilling results.

Gorilla Gold has accelerated its growth trajectory with strong drilling results at Comet Vale and Mulwarrie, alongside acquiring full ownership of Comet Vale. The company is poised for significant resource upgrades in the coming quarters.

New Frontier Minerals reports significant heavy rare earth discoveries at Harts Range and promising copper processing results at NWQ, backed by a $1.59 million capital raise.

Godolphin Resources has reported significant exploration advances at its Lewis Ponds project, revealing new high-grade gold and copper prospects and entering a joint venture to accelerate regional development.

Genesis Resources has completed its acquisition of full ownership of the Plavica project in North Macedonia and is advancing environmental studies while preparing for drilling campaigns in Australia’s Northern Territory.

Metals X has updated its Renison Tin Operation mineral resources to 20.8 million tonnes at 1.40% tin, incorporating new drilling data and the Ringrose Prospect. The update signals ongoing resource growth amid operational challenges.

Saturn Metals has reported a robust June quarter highlighted by significant drilling success and exceptional metallurgical recoveries at Apollo Hill, lifting its gold resource to 2.24 million ounces. These developments set the stage for a pivotal Pre-Feasibility Study and maiden Ore Reserve later this year.