Latest Mining News

EQ Resources has finalized a US$7.5 million royalty funding agreement with Oaktree Capital Management to support its Barruecopardo tungsten project, while major shareholder Cronimet Asia converts a US$3 million offtake prepayment into equity, strengthening the company’s capital position.

Kincora Copper Limited advances its project generator model with six asset-level partnerships unlocking over A$110 million in funding, supported by a C$4 million private placement led by prominent North American investors. The company ramps up drilling and exploration activities, particularly at its 100% owned Condobolin project.

Patriot Battery Metals has reported a significant mineral resource upgrade at its Shaakichiuwaanaan Property, reaffirming its position as a leading lithium and caesium explorer. The company also progressed its lithium-only feasibility study and environmental assessments while maintaining a strong financial position.

Venus Metals Corporation has updated its Mineral Resource Estimate for the Bellchambers Gold Deposit and Rangeview Prospect near Sandstone, revealing a notable increase in measured resources and securing a mining lease that advances the project towards development.

Mantle Minerals has completed the $13.5 million sale of its Mt Roe subsidiary to Northern Star Resources, redirecting funds to advance exploration at Yule River and Pardoo projects.

Sarama Resources has secured A$2.7 million to advance exploration at its Cosmo and Mt Venn gold projects in Western Australia, while arbitration over its lost Burkina Faso permit progresses.

Sarama Resources Ltd reported a $1.22 million net loss for the first half of 2025, while completing a $2.7 million equity placement and acquiring a majority stake in the Mt Venn Gold Project in Western Australia.

Advance Metals Limited has reported strong assay results from its maiden diamond drilling program at the Yoquivo Silver-Gold Project in Mexico, revealing high-grade silver-gold mineralisation extending 60-70 metres deeper in the Pertenencia Vein. These findings pave the way for potential resource upgrades.

Adriatic Metals shareholders have overwhelmingly approved Dundee Precious Metals’ recommended acquisition scheme, clearing a major hurdle toward completion. Key regulatory approvals are in place, with the final court sanction hearing scheduled for late August.

Audalia Resources has reported significant assay results from its recent infill drilling at the Medcalf vanadium-titanium-iron project in Western Australia, confirming consistent mineralisation and progressing towards an updated resource estimate.

Miramar Resources has extended its Share Purchase Plan closing date to 27 August 2025, giving shareholders more time to invest at a 20% discount as the company awaits critical exploration results.

Great Western Exploration’s recent gravity survey at the Oval Targets in Western Australia reveals a promising core of a large VHMS copper-gold system, prompting plans for a deep drill test supported by government funding applications.