Latest Mining News

ABx Group has locked in a significant investment deal with Good Importing International to develop its bauxite projects in Queensland and New South Wales, positioning itself to capitalize on recent global supply disruptions.

Krakatoa Resources secures $3.1 million in a two-tranche placement to fund a major drilling campaign aimed at converting its Zopkhito Antimony-Gold Project’s foreign resource estimate into a JORC-compliant Mineral Resource.

Noronex Limited’s maiden diamond drilling at the Fiesta Copper Project in Namibia has validated multiple copper mineralised zones, setting the stage for a significant upcoming drilling campaign funded by South32.

Verity Resources has completed a rigorous validation of historical drilling data at its Monument Gold Project, confirming high-grade gold zones within a 154,000-ounce inferred resource. Phase one infill drilling at Korong is complete with assays pending, setting the stage for a resource upgrade.

First Au Limited has secured permits and funding to launch a 2,500-metre drilling campaign at its Gimlet Gold Project near Kalgoorlie, aiming to upgrade its 120,000-ounce inferred gold resource and advance feasibility studies.

Forrestania Resources has signed a binding agreement to acquire the Burracoppin Gold Project from Askari Metals, adding a significant JORC resource near a major WA gold mine. The deal includes cash, shares, and options, linking Forrestania to promising African exploration assets.

Ionic Rare Earths has launched a $7 million capital raise through a renounceable rights issue and placement, aiming to accelerate its magnet recycling projects and expand operations internationally.

The Mongolian government has officially endorsed a key highway project under a public-private partnership, aligning with Aspire Mining’s infrastructure plans and significantly de-risking its Ovoot Coking Coal development.

Stavely Minerals has completed a significant Phase 2 drilling campaign at its Fairview North and South gold prospects, confirming and expanding shallow, broad zones of moderate to high-grade gold mineralisation within its Western Victoria project.

Ora Banda Mining Limited reports a 24% increase in Ore Reserves and a Mineral Resource growth to 2.11 million ounces at its Davyhurst Gold Project, setting the stage for an ambitious $73 million exploration program in FY26.

Perenti Limited has announced an on-market buy-back program targeting up to 85.4 million ordinary shares, aiming to optimize its capital structure over the next year.

DeSoto Resources has revealed promising soil sampling results from its Tole and Dadjan projects in Guinea’s Siguiri Basin, identifying new gold anomaly zones that set the stage for upcoming maiden drilling campaigns.