Latest Mining News

Sarama Resources has successfully closed the first tranche of a A$2.7 million equity placement to fund exploration at its Cosmo Gold Project and support ongoing arbitration efforts. The second tranche, involving options and director participation, awaits shareholder approval.

Bryah Resources has signed a binding option to acquire the high-grade Golden Pike gold project in Canada, while appointing Greg Hill as its new CEO to steer exploration and development efforts.

FMR Resources has refined its exploration targets at the Southern Porphyry within Chile’s Llahuin Project, confirming surface indications of a copper system and gearing up for drilling in late 2025.

Mineral Commodities Ltd updates investors on the delayed sale of its Skaland Graphite Project, with Norge Mineraler making significant non-refundable payments and committing to complete the transaction by the end of July.

Zenith Minerals has successfully raised A$3.5 million through a fully underwritten rights issue, positioning the company to fast-track exploration and resource growth at its key gold projects in Western Australia and Queensland.

Chariot Corporation has completed its Phase 2 drilling at the Black Mountain lithium project in Wyoming, revealing a more intricate pegmatite system with modest lithium grades and outlining clear targets for further exploration.

Mithril Silver and Gold Limited has announced a C$10 million brokered private placement to fund expanded exploration at its Copalquin district project in Mexico. The raise includes an option for agents to increase the placement by 15%, underscoring strong investor interest.

Blackstone Minerals has launched a $2 million Share Purchase Plan at a 9% discount, running alongside a $22.6 million placement to institutional investors. Eligible shareholders in Australia and New Zealand can buy shares up to $30,000, supporting the company’s Mankayan Copper-Gold Project expansion.

Blackstone Minerals has completed a significant capital raise, issuing nearly 290 million new shares to bolster its financial position. The move follows regulatory compliance assurances and sets the stage for the company’s next growth phase.

Argent Minerals has confirmed extensive high-grade gold mineralisation over a 4.7km strike at its Trunkey Creek Gold Project in NSW, revealing a newly discovered southern extension with bonanza grades up to 216 g/t Au. The company plans a maiden drilling campaign to test these promising targets.

Pantera Lithium Limited has agreed to sell its Smackover lithium brine project in Arkansas to Energy Exploration Technologies for A$40 million, combining cash and stock consideration while retaining equity exposure to the lithium sector.

Iltani Resources has reported updated diamond drilling results confirming high-grade silver-indium mineralisation at its Orient West project, setting the stage for a JORC-compliant resource estimate by July 2025.