Latest Mining News

West Wits Mining has locked in a USD 12.5 million tranche of a USD 35 million loan facility from Nebari to accelerate development of its Qala Shallows Gold Project, aiming for first gold production in early 2026.

Caspin Resources has successfully raised $4.5 million through a heavily oversubscribed equity placement, positioning the company to advance drilling at its Weethalle Gold and Bygoo Tin projects in New South Wales.

Rapid Critical Metals has agreed to acquire the high-grade Webbs Consol Silver Project from Lode Resources, significantly boosting its silver resource base and market presence.

Barton Gold Holdings has initiated a Definitive Feasibility Study for Stage 1 production at its Challenger Gold Project, aiming to leverage existing infrastructure for commissioning by the end of 2026. The project will begin with tailings reprocessing before transitioning to fresh ore mining.

Rimfire Pacific Mining is set to begin a fully funded 24-hole drilling campaign at its Rabbit Trap Scandium Project in central New South Wales, targeting promising laterite-hosted scandium mineralisation.

Strike Resources (ASX – SRK) has addressed a sharp 50% rise in its share price and trading volume, attributing the activity to developments in Lithium Energy Limited, where it holds a major stake, while denying any undisclosed price-sensitive information.

Redcastle Resources and BML advance their strategic gold joint venture with key studies completed and mining proposal submission expected by late 2025, targeting initial production in early 2026.

Metal Bank Limited has signed a binding agreement to acquire key gold assets from Hastings Technology Metals, marking a significant expansion of its Western Australian portfolio. Drilling has already commenced at the Whiteheads Project’s Seven Leaders prospect, signaling early progress.

Gold Mountain Limited has announced a fully underwritten $1.5 million entitlement offer alongside a $2 million placement to accelerate exploration activities in Brazil and Papua New Guinea. The capital raising, discounted by 40% to recent share prices, is underwritten by major shareholder José Luis Manzano, who may increase his stake to nearly 20%.

Gold Mountain Limited launches a $3.5 million capital raise through an entitlement offer and placement to fund exploration projects in Brazil and Papua New Guinea, supported by key shareholders including Jose Luis Manzano.

Cobre Limited has demonstrated the technical viability of its integrated In-Situ Copper Recovery process at the Ngami Copper Project, producing high-quality copper cathode in bench-scale tests. This milestone paves the way for pilot studies and environmental permitting.

Hastings Technology Metals has signed a binding agreement to sell its gold assets to Metal Bank Limited in a share-and-cash deal, marking a strategic pivot towards rare earths and niobium development.