Latest Mining News

Peninsula Energy has completed a major reset of its uranium offtake contracts, terminating five of six agreements with a $6.6 million payout, while advancing commissioning of its Central Processing Plant toward first yellowcake production in Q3 2025.

Larvotto Resources has opened a $5 million Share Purchase Plan offering shares at a 13.5% discount to fund key development and exploration activities at its Hillgrove Project in NSW.

Anax Metals has raised $3.3 million through convertible notes to push forward its Whim Creek copper-zinc project in Western Australia, while resolving a recent arbitration with its cornerstone investor Mineral Development Partners.

SQX Resources has advanced its exploration strategy by integrating new and historical data at its Queensland projects, aiming to define a mineral resource while maintaining a solid cash position.

Kula Gold has reported its first JORC-compliant inferred resource estimate for the Mt Palmer Gold Mine tailings, revealing nearly 2,000 ounces of gold with promising recovery rates. The resource’s proximity to existing processing infrastructure could accelerate monetisation options.

Centaurus Metals reports strong value engineering results for its Jaguar Nickel Sulphide Project, confirming a 15-year mine life and first quartile costs, while advancing exploration at Boi Novo and Jambreiro iron ore projects.

Viking Mines reports significant gold discoveries at its Riverina East Project, including a new large gold anomaly and high-grade drill intercepts, alongside a promising underground mining study at First Hit.

Magnetic Resources NL has achieved a key milestone with the granting of a mining lease over its flagship Lady Julie North 4 deposit, supported by a feasibility study confirming robust economics and over one million ounces of gold production.

Australasian Metals Limited has reported encouraging progress at its Queensland gold and bauxite projects, highlighted by promising gold assays and elevated gallium grades, while maintaining a solid cash position of $3 million with no debt.

Olympio Metals has reported impressive high-grade gold intercepts from the first two drill holes at its Bousquet Project in Quebec, extending known mineralisation and fueling ongoing exploration.

Grange Resources reported a robust quarter with increased iron ore production and pellet sales at Savage River, maintaining excellent safety standards and managing costs below budget despite accelerated waste stripping. Progress on financing the North Pit Underground project and strategic moves on the Southdown Magnetite Project highlight growth ambitions.

Austral Resources Australia Ltd reported solid mining progress and processing resilience in Q2 2025, while moving forward with strategic acquisitions and a recapitalisation plan to strengthen its position in Queensland's copper sector.