Latest Resources Development News

Victory Metals has landed a US$10 million unsecured loan from Saudi Arabia’s sovereign wealth fund, marking a strategic boost for its North Stanmore rare earths project in Western Australia.

St George Mining secures robust local and state government support for its Araxá rare earths and niobium project in Brazil, launching community programs and accelerating exploration activities.

Larvotto Resources has secured preliminary regulatory approval to extend mining at its Hillgrove Gold-Antimony Mine through 2026, paving the way for project financing and production ramp-up.

Prominence Energy has agreed to acquire a vast natural hydrogen and helium exploration portfolio on the Gawler Craton, backed by a $1.75 million capital raise and strategic board appointments.

Estrella Resources has reported a significant 7.76-metre manganese oxide intercept at its Ira Miri Project in Timor-Leste, marking a promising start to its maiden drilling campaign in this underexplored region.

Koonenberry Gold has reported strong assay results from its sixth drillhole at the Enmore Gold Project, confirming extended and continuous gold mineralisation. The company plans a fully funded follow-up drilling program to further expand this emerging discovery in NSW.

Magnetic Resources NL has significantly increased its Lady Julie Gold Project resource to 2.14 million ounces, underpinning robust project economics and setting the stage for a Definitive Feasibility Study due in Q2 2025.

EV Resources appoints two seasoned mining executives to its board and secures AU$650,000 in placement funding to advance the restart of its Los Lirios Antimony Mine in Mexico, signaling a sharpened strategic focus.

Makilala Mining has appointed leading consultants to refine and optimise the MCB Copper-Gold Project’s mine plan and infrastructure design, aiming to enhance operational efficiency and environmental outcomes.

Estrella Resources has ramped up its manganese exploration at the Ira Miri Project in Timor-Leste with a more powerful diamond drill rig and a fresh supergene manganese outcrop discovery, setting the stage for an extensive drilling program.

Strickland Metals reports robust drilling results at its Shanac Deposit in Serbia’s Rogozna Project, confirming and expanding high-grade gold and base metals mineralisation. The company’s well-funded exploration program continues to advance with multiple rigs active and assays pending.

Nordic Resources has confirmed substantial gold mineralisation at its newly acquired Hirsikangas project in Finland, revealing wide and high-grade intersections with significant unexplored potential along a 10km magnetic trend.