Latest Mining News

Beacon Minerals delivered a strong December quarter with increased gold production and improved recovery rates, while progressing key mining and exploration activities at the Lady Ida Gold Project.

Marquee Resources has reported strong progress on its Mt Clement antimony and gold project with successful Phase 2 drilling and a strategic collaboration for metallurgical testwork, alongside a significant capital raise to fund ongoing exploration.

Ariana Resources has secured A$8 million in funding from Hongkong Xinhai Mining Services Ltd to accelerate its flagship Dokwe Gold Project in Zimbabwe, while progressing drilling and production milestones at its Tavşan Gold Mine in Türkiye.

Kore Potash has made significant progress on its Kola Potash Project with key engineering tests and marine drilling underway, while advancing a Formal Sale Process and securing a $12.2 million capital injection.

Summit Minerals has acquired the high-grade Keystone Project in Nevada and raised over $1 million through a rights issue, setting the stage for a strategic rebrand to Western Ridge Resources.

Challenger Gold Limited reported a challenging quarter ending December 2025, with significant cash outflows from operations and investing activities, yet maintains a strong cash position supported by a convertible debenture facility.

Savannah Goldfields Limited reported a quarterly cash flow deficit but anticipates positive cash flow from resumed gold production and has extended its key loan facility to ease near-term pressures.

Savannah Goldfields has resumed gold production at its Georgetown plant with strong sales and exploration results, backed by a $15 million capital raise to fuel growth and new project development.

Macarthur Minerals reported steady progress at its Lake Giles Iron Ore Project during the December 2025 quarter, alongside key board changes and cautious cash management.

Global Uranium and Snow Lake Resources have agreed to a binding merger scheme, with Snow Lake acquiring all remaining shares of Global Uranium. This follows a major drilling success at the Pine Ridge Uranium Project and regulatory approvals that pave the way for a combined uranium-focused entity.

First Au Limited reports promising gold assay results at its Nimba project in Liberia, while strategically divesting its Victorian Goldfield Project to focus on Western Australian assets.

Australian Pacific Coal Limited’s Dartbrook Mine has entered receivership, with the company now assuming no residual value in the asset. Despite this, AQC maintains solvency and continues to explore its options amid ongoing financial challenges.