Latest Mining News

Unico Silver has reported a transformative September quarter, highlighted by a 73% increase in its Cerro Leon Mineral Resource Estimate to 162 million ounces silver equivalent and the restart of a fully funded 30,000-metre drill campaign at Joaquin, backed by a $25 million equity placement.

Heavy Rare Earths Limited has completed acquisition of full mineral rights at its Prospect Hill Tin Project, setting the stage for a maiden resource estimate at the promising South Ridge prospect. Concurrently, the company advances uranium exploration across South Australia while strengthening its board.

Champion Iron Limited reported an 8% increase in revenue to C$882.9 million for the half-year ended September 30, 2025, while net profit declined 20% to C$80.6 million. The company declared a steady interim dividend of C$0.10 per share amid a strategic asset transfer.

Petratherm Limited has significantly extended high-grade titanium mineralisation at its Rosewood East prospect and discovered a new Echo Prospect, advancing its Muckanippie Project towards a maiden resource.

Kingston Resources Limited reported a robust cash position of A$31 million at the end of September 2025, supported by significant investing inflows and prudent financing activity.

Kingston Resources reported a 10% revenue increase to $15.8 million in Q1 FY26, driven by higher gold and silver output and successful flotation plant commissioning. Underground mining preparations are advancing, setting the stage for a production ramp-up.

Magnum Mining & Exploration has reported promising leach test results from its Brazilian rare earth projects and announced plans for a critical minerals processing hub in Nevada, supported by a $7 million capital raise.

Lotus Resources has marked a major milestone with first yellowcake production at its Kayelekera uranium mine in Malawi, progressing steadily towards full production in early 2026 while advancing its Letlhakane project in Botswana.

Galileo Mining reports standout gold assays up to 13.7 g/t with significant palladium and platinum at its Norseman project, setting the stage for upcoming RC drilling to test promising bedrock targets.

Codrus Minerals has completed its inaugural drilling campaign at the Bull Run Gold Project with promising assay results, while advancing uranium exploration in Canada and managing a cautious cash position.

Star Minerals has submitted key mining and environmental permits for its Tumblegum South Gold Project, backed by exceptional shallow gold drilling results and a $1.5 million capital raise. The company targets mining commencement in early 2026 amid robust project economics.

Megado Minerals has secured all seven exploration permits for its flagship Iberian Copper Project in Northern Spain, advancing geological mapping and planning airborne geophysics and maiden drilling. The company also raised A$780,000 through an institutional placement and appointed a new independent director.