Latest Eastern Goldfields News

Sarama Resources has completed the third tranche of its A$2.7 million equity placement, raising A$100,000 to advance exploration at its Cosmo Gold Project and support ongoing arbitration efforts.

WIN Metals has commenced maiden drilling at its Radio Gold Project in Western Australia, releasing restated historic exploration results that highlight significant high-grade gold intercepts. The ongoing drilling program is halfway complete, with first assay results expected soon.

BMG Resources has reported promising first-phase drilling results at its Bullabulling Gold Project, intersecting multiple high-grade gold lodes and identifying potential extensions from a neighbouring 2.3 million ounce gold mine. The company plans an extensive follow-up drill program in 2025 to further define these discoveries.

Viking Mines has identified a significant gold-bearing zone at its Riverina East Project, recovering 120 gold nuggets and discovering a new east-west structural trend that could unlock high-grade mineralisation.

Ardea Resources has extended its Major Project Status for the Kalgoorlie Nickel Project, reinforcing its strategic role in Australia's critical minerals sector and ensuring continued government support.

Forrestania Resources has completed its strategic acquisition of First Western Gold, securing control over seven exploration licenses including the promising Burracoppin Gold Project in Western Australia.

Gibb River Diamonds has inked a significant ore processing agreement with Black Cat Syndicate, advancing mining operations at its Neta Project with first gold sales expected early next year.

Forrestania Resources has initiated a scrip-based takeover offer for Kula Gold, valuing the company at nearly $59 million and promising regional consolidation in Western Australia's gold belt. The Kula board unanimously supports the deal, pending shareholder approval and regulatory conditions.

Magmatic Resources has reported promising high-grade gold intersections from its maiden drilling at the Weebo Gold Project in Western Australia, confirming extensive shallow mineralisation and planning follow-up drilling to expand on these early successes.

Forrestania Resources is set to begin diamond drilling at its Breakaway Dam Copper VMS prospect, aiming to unlock a potentially district-scale copper system in Western Australia’s Eastern Goldfields.

Aurumin Limited proposes a scheme of arrangement for acquisition by Brightstar Resources, with an independent expert confirming the deal is fair and reasonable. The transaction offers Aurumin shareholders exposure to a larger gold portfolio and enhanced market presence.

Solstice Minerals has upgraded gold intercepts at its Bluetooth Gold Prospect in WA, confirming broad near-surface mineralisation and fresh rock potential that supports open pit mining prospects.