Latest Mining News

GoldArc Resources has responded to ASX inquiries about recent unusual trading activity, attributing it to early-stage mining discussions and anticipation of assay results from its Leonora South Gold Project.

GoldArc Resources has unveiled strong assay results from its Leonora South drilling program, confirming a robust gold system at Eclipse and Challenge prospects with high-grade, near-surface mineralisation. The company is now targeting a maiden Mineral Resource Estimate and further drilling to expand the resource.

Meteoric Resources has obtained crucial environmental consent to operate within the sensitive buffer zone of the Serra da Pedra Branca sanctuary, clearing a major hurdle for its Caldeira Rare Earth Project in Brazil.

Western Yilgarn Limited has raised $698,000 through a share placement to fund exploration and development at its key bauxite-gallium projects, backed by updated resource estimates confirming substantial alumina deposits.

Summit Minerals Limited has announced a fully underwritten entitlement offer to raise approximately $1.08 million, aimed at advancing its Brazilian exploration projects and funding potential acquisitions. The offer, priced at $0.03 per share, is open to Australian and New Zealand shareholders and is expected to dilute non-participating shareholders by about 25%.

Askari Metals has announced a $1.5 million rights issue to fund a maiden drilling campaign at its Nejo Gold and Copper Project in Ethiopia, aiming to unlock significant value in a promising underexplored region.

West Wits Mining Limited has presented a robust update on its flagship Qala Shallows gold project, showcasing a strong Definitive Feasibility Study and secured senior debt funding, targeting first gold production in early 2026.

Altitude Minerals has clarified the recent spike in its share price and trading volume, attributing the market activity to its acquisition of the Firenze silver and gold project and a successful capital raise.

NexGen Energy has expanded its Australian equity offering to AUD 600 million alongside a concurrent C$400 million North American deal, aiming to accelerate development of its flagship Rook I uranium project.

Nordic Resources has raised A$1.75 million through a strategic placement with Australian resource funds to advance exploration and development of its Finnish gold projects, including the sizeable Kopsa deposit.

Eclipse Metals has commenced mobilisation for its 2025 diamond drilling program at the Grønnedal Rare Earths Carbonatite Complex in Greenland, aiming to expand a significant rare earth mineral resource rich in critical magnet metals.

Xenora Minerals has successfully raised $2.1 million through a two-tranche placement to fund ongoing exploration at its Dudley Lithium Project in South Australia, positioning the company with a strong cash balance heading into the final quarter of 2025.