Latest Mining News

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.

Askari Metals has agreed to sell its Australian gold assets to Forrestania Resources for A$700,000, enabling a strategic pivot towards its promising African exploration projects.

Golden Deeps Ltd has identified further high-grade copper mineralisation at its Graceland Critical Metals Prospect in Namibia, with new channel sampling revealing extensive mineralised zones. An upcoming Induced Polarisation survey aims to pinpoint drilling targets for critical metals including copper, silver, and germanium.

Hamelin Gold reports encouraging shallow gold mineralisation at its Fremlins South prospect in Western Australia’s West Tanami, with ongoing drilling programs expanding exploration across multiple targets.

Leo Lithium announces it will return remaining funds from the Goulamina sale to shareholders and delist from the ASX on 22 September 2025, following a strategic review and lack of suitable acquisitions.

Enova Mining has narrowed its half-year loss to $1.07 million while progressing key rare earth and lithium projects in Brazil and Australia, supported by recent capital raises totaling $2.35 million.