Latest Asx Mining News

Norwest Minerals has strengthened the technical case for its Bulgera heap-leach project, but its annual report highlights a sharper near-term constraint: just A$394,541 in cash at 30 June and material uncertainty over its ability to continue as a going concern. The company subsequently raised about A$1.89 million through an entitlement offer.

Great Southern Mining has reported a run of high-grade gold intercepts at Golden Boulder, extending mineralisation across the northern 1.1 kilometres of a 3.5-kilometre trend. The exploration gains arrive alongside A$2.524 million in cash and a reported 1.13 quarters of funding at the quarter-end spending rate.

PC Gold has extended three gold lodes north of its Spring Hill resource, including a newly identified Link-style zone with grades as high as 10.03 g/t Au. Ten of 32 RC holes remain unassayed, leaving the scale and continuity of the extensions unresolved.

Recharge Metals has completed its 100% acquisition of the Ironstone Well Gold Project, expanding its Prospero gold exploration trend near Leonora to more than 15km. The deal lands just as the company prepares to start its first 30,000m drilling campaign at the adjoining Sunset Well project.

Dalaroo Metals will drill five holes totalling about 1,250 metres around its high-grade Wilfred gold intercept in Côte d’Ivoire. The work is designed to establish whether the 18-metre zone at 7.31 g/t gold extends at depth and along strike, while new assays and a diamond rig add near-term exploration catalysts.

Torque Metals has secured A$25 million from institutional investors to expand drilling and regional exploration at its Ritz Gold Project in Western Australia. The placement will lift pro forma cash to about A$32.7 million, but adds roughly 21% to the existing share count and leaves the company’s million-ounce ambition dependent on exploration results.

Metal Hawk’s Leinster South project produced its strongest drilling results yet, led by a 9-metre intersection grading 12.3g/t gold at the Numbat lode. But the FY26 annual report also flags a material uncertainty over going concern, despite a subsequent $1.2 million placement.

QMines has returned its first modern assay results from beneath the flooded Mt Chalmers pit, with two pontoon holes grading nearly 20% above the existing resource model. A high-grade polymetallic lens and 37 pending assays give the drilling campaign a substantial next phase.

NewPeak Metals has confirmed two more than 650-metre polymetallic intercepts at Las Opeñas in Argentina, with gold grades increasing towards an untested southwestern target. Phase 2 drilling is due to begin in mid-October, although the explorer reported only 0.81 quarters of funding at its current expenditure rate.

Antares Metals has agreed to earn a 90% interest in the historic Enterprise gold mine in Western Australia, adding a fourth priority target to its Quinns project. The company has expanded its air core program to 2,500 metres, but the transaction remains subject to expenditure, approvals and historical-data caveats.

Mamba Exploration has secured a $6.0 million placement, attracted a $500,000 investment from New Murchison Gold and added former Westgold founder Peter Cook as a strategic adviser. The funding will support drilling at Meeka East and a staged earn-in over the early-stage Poison Hills project, where selective rock chips returned high silver, gold, copper and lead grades.

Tolu Minerals has set out a Q1 2027 restart target for its Tolukuma gold-silver mine in Papua New Guinea, backed by a recently upgraded 909,000-ounce resource and refurbishment of an existing processing plant. The company says it has sufficient funding to reach production, but the timetable remains dependent on mine development, plant work and operating execution.