Latest Mining News

James Bay Minerals has completed the acquisition of a majority stake in the high-grade Independence Gold Project in Nevada and raised A$6 million to accelerate exploration and development activities.

Constellation Resources reports promising drill results at its newly acquired Ularring Copper Gold Project and significantly expands its natural hydrogen exploration acreage in Western Australia, partnering with CSIRO to enhance prospectivity studies.

Dalaroo Metals advances its Lyons River Project with promising diamond drilling results confirming Broken Hill Type mineralisation and reports high-grade copper assays. The company also appoints Michael Brown as new MD and CEO, signaling a strategic push forward.

Mount Ridley Mines has completed a 1-for-10 capital consolidation and refreshed its board with experienced new directors, positioning itself for strategic growth amid ongoing portfolio evaluations.

Matsa Resources is poised to commence mining at its Devon Pit Gold Mine after securing all regulatory approvals and raising fresh capital. The company targets delivering its final feasibility study in the March 2025 quarter, marking a critical step toward production.

Everest Metals Corporation is issuing $720,000 in Junior Minerals Exploration Incentive credits to shareholders from its recent $2.4 million capital raising, offering a 30% effective tax credit on investments made during FY24.

Brightstar Resources has consolidated its position as a rising gold producer with key acquisitions expanding its resource base beyond 3 million ounces and the commencement of ore haulage under a new processing agreement. The company’s December quarter report outlines a robust production growth strategy supported by a $30 million capital raise and ongoing exploration success.

Adavale Resources has completed the acquisition of a 72.5% stake in the Parkes Gold and Copper Project and secured $1.675 million in funding to accelerate exploration, including promising drilling results at the historic London-Victoria Gold Mine.

Deterra Royalties Limited reported an 11.7% revenue increase to $59.3 million in the December 2024 quarter, driven by record iron ore royalties and major progress at the Thacker Pass lithium project.

GTI Energy has reported a significant 50% increase in its Lo Herma uranium resource estimate to 8.57 million pounds eU3O8, alongside an expanded exploration target and a completed $1.6 million rights issue to advance project development.

Summit Minerals reports significant progress at its Equador Niobium and Tantalum Project, highlighted by strong assay results and permit submissions, while temporarily suspending drilling at its newly launched Barra Lithium Project due to mechanical setbacks.

Hamelin Gold's December 2024 quarterly report reveals a significant new gold mineralisation zone at the Jazz prospect in the Tanami Province, alongside ongoing exploration advances in the Yilgarn Province and a new tenement application for the Venus project.