Latest Australian Mining Sector News

Zenith Minerals has announced a maiden Inferred Mineral Resource of 675,000 ounces of gold across its Consolidated Dulcie Gold Project in Western Australia, more than doubling previous estimates and setting the stage for accelerated development.

Magmatic Resources has reported significant gold intersections from recent drilling at its Weebo Gold Project, confirming extensive shallow mineralisation across multiple prospects. The company is poised to advance these targets with further drilling and resource definition in 2026.

Benz Mining Corp is set to accelerate exploration at its Glenburgh Gold Project with over 250,000 metres of drilling planned in 2026, backed by a strong A$94 million cash position. The company’s geological work has redefined Glenburgh into a district-scale system with three major gold camps, including a newly identified growth front.

Golden Horse Minerals has kicked off its 2026 drilling campaign at Hopes Hill with visible gold intersected in the first diamond hole, prompting an accelerated and expanded drilling program.

Lunnon Metals reports robust drilling results at Lady Herial, confirming significant high-grade gold mineralisation beyond current open pit plans and signalling potential for an expanded mining footprint.

North Stawell Minerals is broadening its gold exploration strategy beyond Victoria, aiming to capitalise on strong gold prices with a diversified Australian project pipeline.

Kuniko Limited has identified multiple walk-up drill targets at its Gladstone West prospect in NSW, supported by strong gold-silver soil geochemistry and high-grade rock-chip results. Concurrently, Phase 1 drilling is underway at the Commonwealth Project, aiming to extend known mineralisation within a district-scale system.

Kaiser Reef Limited has raised its production target at the Henty Gold Mine to 35,000 ounces per annum by late FY2027 while accelerating exploration and development activities at its Maldon Gold Project, all funded through operational cash flow.

Waratah Minerals has executed a binding agreement to acquire the Ironclad Mining Lease, expanding its Spur Gold Project footprint in New South Wales and unlocking significant gold exploration opportunities.

Truscott Mining has begun its RC drilling program at the Westminster Project, with the ASX confirming no suspension will occur as of mid-February. Investors await assay results expected in the coming months.

Aeris Resources has announced a strategic all-scrip acquisition of Peel Mining, consolidating key copper assets in New South Wales and aiming to extend the Tritton mine life beyond a decade. Peel shareholders will also retain exposure to precious metals exploration through a demerger into a new ASX-listed entity.

Matsa Resources launches a major drilling campaign at Fortitude North targeting up to 1.85 million ounces of gold, supported by a $17.5 million loan facility from major shareholder Deutsche Balaton.