🔥 Wednesday 10 June 2026 Wed, 10 June 2026

The Supreme Court of Western Australia has approved the scheme of arrangement under which Genesis Minerals will acquire Magnetic Resources, triggering trading suspension and setting a clear timetable for share transfers and new listings.

Peako Limited is set to acquire a substantial gold exploration portfolio in Saudi Arabia’s emerging Central Arabian Gold Region, backed by a $5.17 million placement to fund near-term drilling and exploration.

Viking Mines has achieved a significant metallurgical breakthrough at its Linka Tungsten Project, boosting recovery to 76.0% with a 56.9% WO3 concentrate grade, surpassing previous targets and reinforcing a low-capex processing approach ahead of maiden drilling.

Ark Mines has produced high-grade monazite and titanium dioxide products from its Sandy Mitchell heavy mineral concentrate, marking a key step toward commercialising its North Queensland rare earths project.

IperionX’s Titan Definitive Feasibility Study outlines a shovel-ready Tennessee project targeting heavy rare earths, titanium, zirconium, and hafnium with robust economics and strategic US supply chain implications.

Titan Minerals has resumed drilling at its Dynasty Gold Project, revealing fresh near-surface gold and silver mineralisation through trenching at Cerro Verde. The project’s March 2026 resource stands at 3.9 million ounces of gold and 26.1 million ounces of silver, with a 10,000m drilling campaign underway and scoping studies progressing.

Magnum Mining’s initial 24 auger holes at Piracanjuba North all intersected near-surface rare earth mineralisation, showing promising grades and high desorption rates that suggest efficient extraction potential under mild conditions.

Alicanto Minerals (ASX:AQI) has secured A$30 million through an institutional placement to fund an aggressive drilling campaign at its Mt Henry Gold Project in Western Australia, boosting its cash reserves to about A$41 million ahead of a resource update later this year.

A new geophysical survey at EV Resources’ Los Lirios project in Mexico reveals extensive sulphide anomalies and a structural fault network, significantly expanding the exploration footprint and sharpening drill targets ahead of a maiden resource estimate.

Vinyl Group has acquired Time Out Australia from Time Out England for nominal consideration, boosting its digital audience reach to 55% of Australians and completing a $2.4 million placement to fund integration. The acquisition is expected to be earnings accretive in FY27, reinforcing Vinyl's position as a leading cultural media platform.

Tiger Gold has finalised its option to acquire LCL Resources’ Colombian gold assets with a $4.5 million payment, bringing total cash consideration to $7.5 million and strengthening LCL’s balance sheet ahead of a formal transfer on 11 June 2026.

Antilles Gold’s Cuban joint venture Minera La Victoria has been hit with US sanctions, prompting a suspension of the company’s direct involvement and halting trading of its shares and options.

Almonty Industries has closed a US$700 million convertible senior notes offering, including a full US$100 million over-allotment exercise, bolstering its balance sheet to accelerate development of the Sangdong tungsten mine and secure a non-China supply chain for Western defence.

Mithril Silver and Gold has delivered compelling drilling results at its Copalquin project in Mexico, highlighting significant high-grade gold and silver intercepts that underpin an imminent resource update.

Pivotal Metals has unveiled high-grade copper, nickel, and platinum group metals intersections from its maiden drill program at the Belleterre Projects, confirming a significant mineralised system and advancing exploration across multiple targets.

Cannindah Resources continues to push the boundaries of its Cannindah Breccia copper-gold deposit with new drilling extending the Southern Shoot and revealing wider, higher-grade zones in both Southern and Northern Shoots, setting the stage for a significant resource upgrade later this year.

Barton Gold has secured $25.9 million through an institutional placement, fully funding critical resource upgrades, feasibility studies, and drilling at its key South Australian gold and silver projects.

Lithium Universe (ASX: LU7) has demonstrated near-complete recovery of gold and copper from electronic waste using a novel, low-temperature hydrometallurgical process developed by the University of Edinburgh. This breakthrough supports its push into sustainable metal recycling and lithium supply chain projects.

Golden Horse Minerals (ASX: GHM) has delivered robust assay results from its regional exploration at Southern Cross, confirming high-grade gold and silver mineralisation at Hakes Find and advancing drilling at Greenmount and Hopes Hill.

GR Engineering Services has been named preferred contractor for the A$295 million Sulphur Springs Copper-Silver-Zinc Project in Western Australia, marking a significant addition to its growing EPC portfolio.

dorsaVi has secured exclusive rights to two key robotics patents from NTU Singapore, filling critical gaps in safety control and data acquisition to expand into collaborative robotics and exoskeleton markets.

Azzuro Resources has reported thick, high-grade copper-gold-zinc-silver mineralisation from drillhole MU2601 at its Red Hill project, while drillhole MU2605 visually extends the massive sulphide zone by 124 metres, highlighting a substantial polymetallic system still open along strike and at depth.

Southern Cross Gold has reported standout drill results from its Sunday Creek project, including a 36.6m intercept at 6.5 g/t AuEq and assays up to 493 g/t gold, while expanding mineralization eastward and near surface. The company’s aggressive 200,000m drilling campaign continues to chart new territory in this critical metals-rich system.

Develop Global has greenlit major investments in its Sulphur Springs copper-zinc and Pioneer Dome lithium projects, backed by a US$400 million financing and offtake deal with Trafigura that also refinances Woodlawn.