Latest Mining News

Latitude 66 Limited is set to commence a pioneering Reverse Circulation (RC) drilling trial at its KSB North Project in Finland, aiming to unlock high-grade gold and cobalt mineralisation at the K6E and K6W Prospects. This move could significantly enhance exploration efficiency and reduce costs across the project.

South32 reported a robust US$360 million net profit for H1 FY25, driven by strong commodity prices and operational execution, while investing heavily in growth projects like Hermosa and returning US$169 million to shareholders.

Native Mineral Resources has completed a $15.9 million shortfall placement, fully funding the restart of gold production at its Queensland projects with first output expected in the third quarter of 2025.

Somerset Minerals Ltd has identified multiple high-priority drill targets at its Coppermine Project in Nunavut, Canada, following the reprocessing of historical geophysical data. The company is preparing for a 1,250-metre drilling and surface sampling campaign scheduled for the second quarter of 2025.

Kincora Copper and AngloGold Ashanti have expanded their initial drilling program at the Nyngan porphyry project following encouraging early results, highlighting the potential for a district-scale copper-gold discovery in New South Wales.

South32 Limited has announced a fully franked dividend of USD 0.034 per share for the six months ending December 2024, signaling steady shareholder returns amid a complex currency environment.

Gold Mountain Limited has confirmed high-grade Rare Earth Oxide mineralisation from 56 drill holes at its Down Under REE Project in Brazil, highlighting significant potential for resource expansion and further exploration.

South32 Limited reported a strong first half of fiscal 2025, driven by improved operational performance and a streamlined portfolio following the sale of Illawarra Metallurgical Coal. The company announced a fully-franked interim dividend and maintained its production guidance despite some operational challenges.

Kula Gold Limited has reported a significant maiden drill intercept of 2 metres at 2.3 grams per tonne gold at its Mustang Gold Prospect near Kirup, Western Australia, supported by government co-funding. This discovery marks the emergence of a new gold system warranting further exploration.

Lindian Resources has appointed seasoned financial advisor Henk Ludik to advance funding negotiations for its Kangankunde Rare Earths Project amid rising investor interest and a non-binding $50 million package with Gerald Group.

Northern Star Resources delivered strong half-year financials for FY25, showcasing significant growth in EBITDA and cash earnings while advancing its strategic acquisition of De Grey Mining.

Northern Star Resources has reported a robust half-year performance with record cash earnings and a significant interim dividend increase, reinforcing its commitment to shareholder value amid ongoing growth projects.