Latest Mining News

Aeris Resources has completed the drawdown of a $60 million Guarantee Facility from Washington H. Soul Pattinson, alongside an extension of its Term Facility, freeing up restricted cash and reinforcing its financial flexibility.

Barton Gold Holdings has entered binding terms to acquire the Wudinna Gold Project in South Australia, adding 279,000 ounces of gold resources to its portfolio. The $15 million transaction, largely settled in shares and milestone payments, awaits Cobra Resources shareholder approval.

The Takeovers Panel has declared unacceptable circumstances in Emu NL’s recent shareholder meeting, citing a controversial share placement and proxy voting issues that clouded the election outcome and board control.

Tigers Realm Coal’s ongoing efforts to divest its Russian mining assets have hit a significant impasse amid geopolitical tensions, regulatory hurdles, and a stalled sale agreement, leaving the company suspended from ASX trading.

Mt Malcolm Mines has successfully completed a $1.04 million entitlement offer and raised an additional $200,000 through a placement, bolstering funds for its Western Australian gold projects.

Alligator Energy confirms executive succession with Dr Andrea Marsland-Smith stepping in as CEO from July 1, 2025, while Greg Hall transitions to a part-time executive director role. The company is actively recruiting for key operational leadership positions to support its uranium projects.

Magnetite Mines has increased its Razorback Iron Ore Project resource estimate and is advancing strategic partnerships, while early saline water testwork shows promise for green iron production.

Mount Hope Mining Limited has successfully closed its Loyalty Option Offer, which was oversubscribed by almost 100%, raising $103,125 to support its exploration ambitions.

Magnetite Mines Limited has updated its Razorback Iron Ore Project Mineral Resource Estimate, increasing tonnage by 600 million tonnes through a revised cut-off grade that aligns with Ore Reserves. This reinforces the project's strategic position in South Australia's Braemar iron province.

Brightstar Resources and Aurumin Limited have entered live merger discussions to consolidate their Central Sandstone tenements, aiming to create a major gold development project with a combined resource of approximately 2.4 million ounces. The proposed scrip deal offers Aurumin shareholders a premium, though completion remains uncertain pending due diligence.

Horseshoe Metals Limited has requested a voluntary suspension of its shares on the ASX to complete a capital raising, with trading expected to resume by 1 July 2025.

Alligator Energy has completed a $17.25 million placement to fund critical development and exploration activities at its Samphire Uranium Project in South Australia, setting the stage for key milestones through 2026.