Latest Mining News

Prospech Limited has announced a 2-for-7 renounceable rights issue to raise up to $1.6 million, featuring attaching options exercisable at 4 cents. Directors are backing the raise, which will fund rare earth metallurgical work and exploration in Finland and Slovakia.

Unico Silver Limited has secured $25 million in funding to restart drilling at its Joaquin Project in Argentina, targeting promising high-grade silver zones. The company aims to upgrade resources and deliver a scoping study by mid-2026.

Canyon Resources has confirmed its Minim Martap Bauxite Project in Cameroon as a world-class, tier-one operation with production set to begin in early 2026. The project boasts over 1 billion tonnes of high-grade bauxite, strong economics, and secured financing.

Capstone Copper’s Mantoverde mine in Chile is experiencing a temporary production slowdown due to dual ball mill motor failures, with repairs expected to take about four weeks and production halved during this period.

Lightning Minerals is set to commence a significant diamond drilling program targeting high-grade gold zones at its newly acquired Mt Turner project in Queensland, aiming to unlock deeper mineralisation along the Drummer Fault.

Orezone Gold Corporation has clarified that it has not received any government request for equity participation in its Bomboré Gold Mine and will resume trading on the ASX. The company also provided updates on its mine expansion and production outlook.

Horseshoe Metals has launched a new phase of reverse circulation drilling at its Horseshoe Lights Copper-Gold Project in Western Australia, targeting near-surface copper oxide and gold zones. Concurrently, the company is progressing offtake negotiations with major commodity traders.

Dateline Resources has secured $25 million in an institutional placement to accelerate exploration and development at its Colosseum Gold-REE Project in California, backed by strong U.S. government support and promising new targets.

Canyon Resources’ Definitive Feasibility Study confirms Minim Martap as a major bauxite project with a 33% ore reserve increase and robust economics, targeting production start in early 2026.

Horizon Gold has successfully completed its renounceable entitlement issue, raising nearly $7 million including a full shortfall placement, positioning the company for further development at its Gum Creek Gold Project.

Dundee Precious Metals has received court sanction for its recommended acquisition of Adriatic Metals, paving the way for a scheme of arrangement expected to take effect on 3 September 2025. The transaction will result in Adriatic shares being cancelled and DPM’s listing on the ASX as a foreign exempt entity.

Warriedar Resources has secured a crucial ASX waiver allowing the cancellation of 5 million unlisted options without shareholder approval, smoothing the path for Capricorn Metals’ acquisition scheme.