🔥 Monday 28 July 2025 Mon, 28 July 2025

International Graphite Limited is advancing its strategy to become a global mine-to-market industrial graphite company, with a new joint venture in Germany and expansion of its Western Australian operations targeting production by 2027.

Patriot Resources has signed to acquire the high-grade Sugarloaf Copper Deposit in Zambia and commenced drilling on a fresh copper target, backed by a $2.2 million capital raise to accelerate exploration.

Vanadium Resources Limited has secured a binding two-year offtake agreement for vanadium-rich magnetite ore and raised A$1.2 million, advancing its near-term production plans at the Steelpoortdrift project.

Resource Development Group Limited has been suspended from ASX trading following the appointment of voluntary administrators, reflecting serious financial distress and regulatory breaches.

Resource Development Group Limited and its subsidiaries have appointed voluntary administrators, continuing operations while exploring sale or recapitalisation options with backing from majority shareholder Mineral Resources Limited.

Terrain Minerals has completed an expanded 22-hole drilling campaign at its Smokebush Gold Project and is progressing metallurgical studies at Larin’s Lane Gallium/REE project, backed by a recent $1.58 million capital raise.

West Wits Mining has secured a $50 million senior loan and updated its feasibility study, revealing significantly improved project economics for its Qala Shallows Gold Project. Mobilisation is underway, setting the stage for production ramp-up.

Peninsula Energy advances commissioning at its Lance uranium project, resets most sales contracts to reduce risk, and secures a $15 million debt facility to support production ramp-up.

Vault Minerals delivered a robust June quarter with 98,459 ounces of gold produced and a significant cash flow boost, while advancing major upgrades at its King of the Hills operation.

Kaiser Reef has completed a transformative acquisition of the Henty Gold Mine, backed by a $20.9 million capital raise, positioning the company for significant growth in Tasmania and Victoria.

Canyon Resources has achieved critical milestones for its Minim Martap Bauxite Project, including port access approval and a substantial credit facility, setting the stage for production and first shipment in early 2026.

WIN Metals Ltd has significantly expanded its Butchers Creek gold resource, boosting indicated ounces by 86% and advancing the project towards economic evaluation. Concurrent exploration successes and strategic asset sales underpin the company’s focused growth strategy.

Vital Metals has unveiled a promising Scoping Study for its Tardiff Rare Earth and Niobium project in Canada, highlighting strong financial metrics and significant growth potential over an 11-year mine life.

Alkane Resources secured shareholder approval for its merger with Mandalay Resources, marking a pivotal step toward creating a combined gold and antimony producer. The transaction awaits final court confirmation in Canada.

Orbminco Limited has acquired the Majestic North Gold Project in Western Australia for $3.4 million plus royalties, unlocking near-term mining potential and significant exploration upside. Drilling programs are already in progress to validate and expand the resource.

Trek Metals has accelerated its exploration at the Christmas Creek Project with expanded drilling revealing promising high-grade gold mineralisation and a newly discovered gold nugget field. Backed by a $3.5 million capital raise and government co-funding, the company is poised for further breakthroughs.

Chariot Corporation has secured a 66.7% stake in one of Nigeria’s largest hard-rock lithium portfolios, backed by a A$1.6 million capital raise and a new working capital facility, marking a strategic move into the Africa–China lithium corridor.

Ioneer Ltd has dramatically expanded its lithium-boron Ore Reserves at Rhyolite Ridge, reinforcing the project’s robust economics and securing $16 million in new funding to advance development.

Arovella Therapeutics reported a robust $20.9 million cash position as it prepares for its first-in-human trial of ALA-101 and expands its solid tumour pipeline through new licensing agreements and leadership appointments.

Bowen Coking Coal reported record operating cashflows of $19.1 million in the June 2025 quarter, achieving all FY2025 guidance despite heavy rains and logistical hurdles. The company has launched a low-cost mining strategy while negotiating liquidity solutions amid depressed coal prices.

Bubs Australia has appointed Joe Coote as its new CEO, bringing extensive international FMCG and dairy leadership to spearhead its global growth ambitions in infant nutrition.

Brightstar Resources secures backing from major Aurumin shareholders and option holders for its proposed acquisition, pending expert approval and absence of superior offers.

International Graphite Limited has partnered with Arctic Graphite AS to establish a new expandable graphite facility in Germany, aiming to bolster European supply with an initial 3,000 tonnes per year capacity. Backed by a potential $10 million funding commitment, this venture marks a strategic push into critical mineral processing amid rising demand.

Peninsula Energy has completed a major reset of its uranium offtake contracts, terminating five of six agreements with a $6.6 million payout, while advancing commissioning of its Central Processing Plant toward first yellowcake production in Q3 2025.