Latest Australian Mining Sector News

The court has approved the merger scheme between Aston Minerals and Torque Metals, making it legally effective and suspending Aston’s trading. Shareholders will soon receive Torque shares in exchange for their Aston holdings.

Korab Resources has extended the completion date for the sale of its Geolsec mineral lease, securing higher royalty rates in the process. This move reshapes the financial terms of a key transaction tied to its Northern Territory phosphate project.

Ballymore Resources has won $400,000 in Queensland government grants to accelerate exploration at its Dittmer Project, targeting significant copper-gold porphyry systems beneath historic mines.

Rox Resources has completed a 35,000m drilling campaign at its Youanmi Gold Project, delivering multiple high-grade gold intercepts that confirm mineralisation continuity and underpin an upcoming resource upgrade.

New Frontier Minerals accelerates its NWQ Copper Project development by sending bulk samples to Austral Resources’ Mt Kelly plant, formalizing a key processing partnership that could fast-track copper output.

Godolphin Resources has revealed promising high-grade gold and copper assays from two new prospects outside its established Lewis Ponds resource, signaling significant potential for resource expansion.

Black Cat Syndicate’s recent drilling at Kal East reveals promising high-grade gold intercepts at Imperial, suggesting a possible open pit cut-back, while extensive grade control drilling begins at Fingals to accelerate production.

Zenith Minerals has secured a binding agreement to sell its 20% stake in Turkey’s Kavaklitepe Gold Project for US$543,000, marking a strategic shift to focus on its Australian gold assets.

New Frontier Minerals advances its NWQ Copper Project by securing bulk sample processing at Austral Resources’ Mt Kelly plant, accelerating its path to copper production in Queensland’s Mt Isa Copper Belt.

Antares Metals has identified a promising new copper mineralisation zone 200 metres north of the Surprise Mine, extending the known resource and setting the stage for further exploration.

Advance Metals has completed its initial drilling at the Myrtleford Project, revealing impressive high-grade gold results at Happy Valley and greenlighting an expanded follow-up program to explore extensions and new prospects along the trend.

Koonenberry Gold has reported a significant 149.5m gold intercept at its Sunnyside Prospect within the Enmore Gold Project, confirming broad zones of mineralisation and extending the known system over 260m strike length.