Latest Mining News

Anax Metals Limited has successfully completed the first tranche of its capital raising, issuing 225.5 million shares to institutional and sophisticated investors and securing $5.2 million in fresh funds.

PhosCo Ltd has confirmed a significant phosphate mineralisation discovery at its DOH prospect within the Gasaat Project in Tunisia, highlighting the project’s potential as a world-scale phosphate source. This discovery complements pending maiden resource estimates at nearby prospects, reinforcing Gasaat’s strategic value amid global fertiliser supply pressures.

Viking Mines’ expanded geophysical surveys reveal a large-scale tungsten system at the Linka Project in Nevada, setting the stage for a targeted drilling campaign in June. The discovery highlights significant untapped potential beneath volcanic cover and reinforces Linka’s strategic value amid soaring tungsten prices.

Aeris Resources has finalised the sale of its North Queensland copper assets to Dingo Minerals, unlocking immediate cash and environmental bond releases with further payments contingent on production milestones.

EV Resources has begun refurbishing its Tecomatlán Processing Plant in Mexico, marking a pivotal shift from exploration to near-term antimony production amid tightening global supply. The company aims to leverage this low-cost, staged approach to secure a first mover advantage in the critical minerals market.

Diatreme Resources has reported promising aircore drilling outcomes from its Si2 and Casuarina silica sand deposits in Far North Queensland, underpinning resource upgrades and expansion potential. These results bolster the company’s position in the growing specialty glass and solar PV markets.

Charger Metals has reported significant new spodumene-pegmatite lithium mineralisation at its Medcalf Deposit, extending known resources and promising a resource upgrade. Recent drilling results reveal deeper and wider lithium zones, reinforcing the project’s potential.

Paterson Resources has reported impressive shallow gold intercepts at its Grace Gold-Copper Project, setting the stage for a significant resource upgrade and the next phase of drilling.

Javelin Minerals has launched a targeted drilling campaign at its Eureka Gold Project in WA, aiming to extend high-grade gold mineralisation and capitalise on a newly expanded mining lease. The company is poised for near-term production under a joint venture with MEGA Resources.

Resolution Minerals has confirmed exceptional tungsten grades in stockpiles at its newly acquired Johnson Creek Mill, setting the stage for a rapid JORC upgrade and potential near-term production aligned with US critical minerals strategies.

Western Mines Group has signed a Memorandum of Understanding with Magnium Australia to explore supplying magnesite from the Mulga Tank Project for low-carbon magnesium metal production. This collaboration could add a new revenue stream by monetising a previously overlooked magnesite cap.

Adavale Resources is ramping up its drilling campaign at the London-Victoria Gold Mine, aiming to grow its existing 115,000oz gold resource with a second drill rig and expanded geophysical surveys.