Latest Resources News

Variscan Mines has reported new underground drilling results at the Udías Mine, revealing high-grade zinc mineralisation exceeding 20% zinc outside the existing resource estimate. These findings reinforce the potential for resource expansion and support ongoing mine development plans.

Dreadnought Resources has lodged a mining lease application for its high-grade Metzke’s Find gold deposit, marking a key step towards production within the Illaara Gold Project. Drilling to expand and upgrade the resource is set to begin imminently.

Belararox Limited has initiated advanced geophysical surveys at its Toro South target in Argentina, setting the stage for drilling in late 2025. Age dating confirms geological similarities to major copper systems, enhancing the project's appeal.

Novo Resources reports impressive high-grade gold assays from the Teichman area and significant gold-antimony intercepts at Sherlock Crossing, setting the stage for expanded drilling in 2026.

Corazon Mining has lodged a new tenement application adjacent to its Two Pools Gold Project in WA, revealing promising surface gold anomalies and a compelling structural setting for further exploration.

Cosmo Metals has identified a new +8km Antimony Gully Trend at its Bingara Project in NSW, confirming significant antimony prospectivity with rock chip samples assaying up to 5.75% Sb. This discovery positions the company strongly in a region known for world-class antimony-gold deposits.

Rox Resources has initiated underground mining at its Youanmi Gold Project with the first cut fired at the United North pit, backed by robust lender commitments and progressing steadily toward production.

Tolu Minerals has appointed Dr Chris Muller as Managing Director and CEO, signaling a strategic push towards ramped-up exploration and resource development in Papua New Guinea.

Global Uranium and Enrichment Limited has entered a new funding agreement with Summit Strategies LLC, raising an additional A$2.5 million through convertible notes to support its ongoing operations and merger obligations with Snow Lake Resources.

Power Minerals Limited updates its acquisition of the Gamma Heavy Rare Earths Project in California, clarifying historical data limitations and securing $4.1 million to fund exploration activities.

Altair Minerals has raised A$13 million through an institutional placement led by 1832 Asset Management, fully funding an extensive drilling program at its Greater Oko Project set to begin early next year.

Gibb River Diamonds has commenced mining at its Neta Gold Prospect in WA, with ore processing agreements in place and first cashflow anticipated by early 2026. The company also outlines ambitious exploration plans for its broader portfolio.