Latest Resources News

Matsa Resources has advised shareholders to take no immediate action following Patronus Resources’ unsolicited takeover offer, with a formal recommendation expected soon.

Sarytogan Graphite Limited has received A$2.36 million from the EBRD as part of a second tranche equity investment, boosting the bank’s stake to 17.3%. An independent peer review affirms the project’s promise while highlighting manageable risks.

Auswide Bank’s acquisition by MyState Bank has reached a key milestone with the scheme of arrangement now legally effective, triggering a suspension of Auswide’s shares and setting the stage for shareholder transitions.

Bass Oil Limited is set to deepen its exploration of the Triassic gas play in the northern Cooper Basin following a successful flow test at the Kiwi gas field, signaling significant potential for future discoveries and development.

Godolphin Resources has reported outstanding high-grade drill results from its Lewis Ponds Gold & Silver Project, revealing significant mineralisation and promising expansion potential. Early assays from two drill holes highlight thick, high-grade intersections in the Spicer's Lode, with further results expected soon.

Eskan Company has received conditional approval for C$13.5 million in funding from Canada’s Critical Minerals Infrastructure Fund to advance the Trans-Atikh Project, a key infrastructure initiative supporting lithium development in Quebec’s Eeyou Istchee James Bay region.

Tasman Resources updates shareholders on Eden Innovations’ ongoing sale of a Georgia industrial property and the extension of its iBorrow financing facility, aiming to unlock value amid protracted negotiations.

Evolution Energy Minerals has revealed compelling new data from its Chikundo Cu-Pb-Zn VHMS prospect in Tanzania, confirming significant copper and zinc mineralization that underscores the project's potential for further resource development.

Polymetals has raised $35 million through a share placement to fund the restart of its Endeavor silver and zinc mine and accelerate exploration efforts, positioning the company for production in Q2 2025.

Mt Malcolm Mines NL has completed bulk sampling at its Golden Crown Prospect, recovering 218 ounces of gold doré from high-grade material and generating over AUD$835,000 in revenue. The company is now advancing resource estimations and planning future mining strategies.

Mayur Resources has locked in $11.2 million in funding from Pacific Unison to kickstart production at its Orokolo Bay Industrial Sands Project in Papua New Guinea, targeting 500,000 tonnes of magnetite annually by late 2025.

Kali Metals reports outstanding tin assay results up to 16.7% SnO2 from rock-chip samples at its Sweetwater Prospect in NSW, confirming mineralisation over a 3.9km strike. Concurrently, exploration advances at Mt Cudgewa with LiDAR surveys and soil sampling underway.