Latest Mining News

Polymetals Resources has halved its US$20 million debt facility and raised A$15 million in equity to support the Endeavor Mine's transition to steady production.

New World Resources has replaced its previously proposed scheme with a recommended off-market takeover bid from Central Asia Metals at A$0.062 per share, with the Board urging shareholders to accept. The deal includes a US$6.5 million loan facility and matches a rival offer from Kinterra.

Group 6 Metals reported a $23 million loss for H1 2024 amid operational setbacks but completed a major $81 million debt-to-equity recapitalisation, setting the stage for a strategic turnaround.

Minerals 260’s latest drilling results at the Bullabulling Gold Project reinforce the 2.3 million ounce resource and reveal promising extensions at depth and along strike. The ongoing 80,000m program is on track to deliver an updated resource estimate by year-end.

Vulcan Energy has significantly expanded its lithium brine resource at Mannheim by 76% and reported its first geothermal energy resource estimate, marking a major step in its integrated renewable energy and lithium production strategy in Germany’s Upper Rhine Valley.

EQ Resources has successfully raised A$4 million through a strongly supported placement to fund expansion and optimization at its Mt Carbine tungsten mine, reinforcing its position amid global supply challenges.

MTM Critical Metals has appointed Gregory L. Bowman, a seasoned U.S. defense and industrial strategy expert, to the advisory board of its U.S. subsidiary Flash Metals USA, aiming to accelerate its critical metals refining technology and deepen ties with U.S. government stakeholders.

Dynamic Metals has secured heritage and regulatory approvals to commence a targeted 13-hole drilling program at its Chalice South gold prospect, advancing exploration in a proven mineralised corridor in Western Australia.

NewPeak Metals has agreed to acquire the Tansey Gold Project, a historically productive site near Brisbane, for A$250,000 in shares and cash, aiming to unlock its district-scale potential with modern exploration techniques.

Black Canyon Limited has revealed significant high-grade iron and manganese assay results from its Wandanya project, confirming a promising dual commodity discovery in Western Australia.

Bayan Mining and Minerals has secured a strategic rare earth tenement in California's renowned Mountain Pass district and raised $250,000 to fund early exploration activities.

Lodestar Minerals has secured a binding earn-in agreement for the Nicanor copper-gold project in Chile, revealing promising rock chip assays and drill-ready targets in a Tier-1 mining jurisdiction.