Latest Australian Resources News

AIC Mines has successfully raised over $14 million through a Share Purchase Plan, exceeding its $10 million target, to fund expansions at its Eloise processing plant and the Jericho copper mine development.

North Stawell Minerals confirms fresh gold mineralisation at Darlington West, backed by a $3.6 million equity raise to fund expanded drilling and exploration across its Victorian projects.

Monadelphous Group Limited has landed over $110 million in new contracts spanning construction and maintenance across major Australian resource and infrastructure projects.

Barton Gold Holdings has completed the acquisition rights for the Wudinna Gold Project, adding 279,000 ounces of gold to its South Australian portfolio and raising its total resources to 2.14 million ounces. The deal, approved by Cobra Resources shareholders, positions Barton for regional growth pending final tenement transfers.

Mount Gibson Iron Limited is set to acquire a 50% stake in the Central Tanami Gold Project from Northern Star Resources for $50 million, marking its strategic entry into the precious metals sector. The project boasts a substantial 1.6 million ounce gold resource and significant infrastructure, positioning MGX for potential development within 18 months.

Krakatoa Resources has initiated a pivotal two-hole diamond drilling program at its Stone Tank Nb-REE Prospect in Western Australia, targeting significant gravity anomalies that may reveal valuable rare earth mineralisation.

ACDC Metals has lodged a retention licence application for its Goschen Central project in Victoria, marking a pivotal step in developing a critical minerals supply hub with strong economic prospects.

Revolver Resources has completed the final milestone of a Queensland government grant, unlocking full funding to fast-track its Dianne Copper Mine Project towards production in 2026.

North Stawell Minerals Ltd (ASX, NSM) is advancing its gold exploration ambitions with a $3.6 million equity raising aimed at funding key projects near the prolific Stawell Gold Mine in Victoria. The capital injection will support drilling and geological modelling to unlock new gold discoveries under a thin sediment cover.

Tivan Limited has fully redeemed its convertible notes issued to SBC Global Investment Fund ahead of schedule, marking a significant step in its financial restructuring. The company now plans to remove SBC’s security interests on its assets before the fiscal year ends.

Western Yilgarn NL has secured exploration licences for the Cardea 1 and 2 Bauxite Projects in Western Australia, revealing promising high-grade bauxite results from extensive drilling. The projects' proximity to infrastructure and strong assay data position the company well for future resource development.

Ausmon Resources has completed its latest Aircore drilling campaign targeting rare earth elements across three tenements in South Australia’s Limestone Coast, with initial samples now sent for analysis.