Latest Eastern Goldfields News

APC Minerals Limited announces a $1.5 million capital raising through a placement and entitlement offer, alongside the planned exit of CEO Matthew Shackleton.

Miramar Resources has expanded its gold exploration footprint with promising new targets at the Gidji JV and confirmed a Noril’sk-style deposit at Bangemall, backed by a $2.2 million capital raise to fund upcoming drilling campaigns.

Western Mines Group advances deep diamond drilling and a high-powered electromagnetic survey at its Mulga Tank project, leveraging co-funded grants to target high-grade nickel sulphide deposits.

Lynas Rare Earths faces significant power disruptions at its Kalgoorlie processing plant, causing notable production delays that ripple through its Malaysian operations. The company is urgently seeking solutions to restore output within the financial year.

Forrestania Resources Limited has initiated an all-scrip off-market takeover offer for Kula Gold Limited, aiming to consolidate gold exploration assets across Western Australia. The offer, valued up to $58.7 million, comes with unanimous backing from Kula's board.

Redcastle Resources and BML Ventures have submitted a critical Mine Development and Closure Plan for their Queen Alexandra and Redcastle Reef deposits, setting the stage for gold production to commence in early 2026.

Strata Minerals is set to begin its first drilling program at the Zelica Gold Project in Western Australia, targeting high-grade shallow gold mineralisation along a 1km strike zone. The company aims to validate historical results and explore near-term mining potential on granted licences.

Forrestania Resources has secured multiple gold tenements near Jaurdi Hill, significantly enlarging its Bonnie Vale Project area in Western Australia. The acquisition features a performance-linked payment structure and positions the company for accelerated exploration and development.

Forrestania Resources has signed a binding agreement to acquire the Lake Johnston Project, including a 1.5Mtpa processing plant, supported by a $34 million capital raise. This acquisition marks a pivotal step towards near-term gold production and a strategic shift from exploration to development.

Sarama Resources has raised A$2.7 million to fund exploration at its Australian gold projects while progressing a significant arbitration claim against Burkina Faso for expropriation of its African permit.

OzAurum Resources reports robust high-grade gold results from recent drilling at Mulgabbie North, reinforcing its growth and development prospects. The company advances metallurgical testing and site planning, signaling a shift from exploration to production.

Gibb River Diamonds has commenced mining at its Neta Gold Prospect in WA, with ore processing agreements in place and first cashflow anticipated by early 2026. The company also outlines ambitious exploration plans for its broader portfolio.