Latest Mining News

Torque Metals and Aston Minerals have announced a merger of equals, combining their gold assets to create a diversified explorer with 1.75 million ounces of gold resources and enhanced growth potential.

Torque Metals and Aston Minerals have agreed to merge, combining 1.75 million ounces of gold resources across premier projects in Western Australia and Ontario, Canada, creating a well-funded exploration powerhouse.

Torque Metals and Aston Minerals have agreed to merge, creating a gold exploration entity with 1.75 million ounces of gold resources across premier projects in Western Australia and Ontario, Canada. The all-scrip deal positions the combined company for accelerated growth with a strong cash base and refreshed leadership.

Red Hawk Mining Limited has issued a Target’s Statement recommending shareholders accept Fortescue’s off-market takeover offer at $1.05 per share, rising to $1.20 if Fortescue secures 75% ownership. An independent expert confirms the offer is fair and reasonable, providing a significant premium and resolving funding uncertainties for Red Hawk’s Blacksmith Project.

Yari Minerals and Impact Silver have mutually agreed to settle their arbitration claims, ending a legal dispute without admission of liability and with each party bearing its own costs.

Core Energy Minerals has raised $3.7 million through a two-tranche share placement, attracting a significant investment from Jose Luis Manzano. The funds will underpin exploration efforts across South Australia, Brazil, and Namibia, positioning the company for growth in tier-one uranium jurisdictions.

Bathurst Resources reported a first half EBITDA of $27.5 million, surpassing forecasts despite export disruptions, yet lowered its full-year EBITDA guidance to $45-$55 million due to reduced export volumes and softer coal prices.

Cosmos Exploration has secured an exclusive option to acquire EAU Lithium, partnering with Vulcan Energy to deploy cutting-edge Direct Lithium Extraction technology in Bolivia’s lithium-rich salars. This strategic move positions Cosmos at the forefront of sustainable lithium production in the world’s largest lithium resource base.

Dreadnought Resources has released a robust scoping study for its Star of Mangaroon gold project, targeting initial production of around 20,000 ounces at a high grade of 10 g/t. The study outlines strong financial metrics and sets the stage for potential production in 2025, backed by a processing agreement with Black Cat Syndicate.

Cooper Metals reports promising exploration progress at its Mt Isa East copper-gold project and high-grade gold assays at the Gooroo project, while maintaining a solid cash reserve of $2.1 million.

Pacgold Limited's latest drilling results and historic data recalculations at the Alice River Gold Project reveal a substantial bulk tonnage gold system, with multiple new targets identified for 2025 exploration.

EV Resources Limited has agreed to acquire a 70% interest in the Los Lirios Antimony Mine in Oaxaca, Mexico, positioning itself to address a tightening global antimony market amid soaring prices and supply constraints.