Latest Gold And Iron Ore News

Peregrine Gold has secured $2.25 million through a discounted placement backed by major shareholder Mark Creasy, Lion Selection Group and company directors. The funding is earmarked for maiden drilling and broader gold and iron ore exploration in Western Australia, subject to heritage and Programme of Work approvals.

Barramundi Limited (NZX:BRM) has reported the worst performance in its 20-year history, with a NZ$42.9 million net loss and a 17.0% fall in gross portfolio performance. The board is reviewing Fisher Funds’ management performance just weeks before its five-year agreement comes up for renewal.

Peregrine Gold has reported a $3.47 million FY2026 loss and $3.56 million operating cash outflow, with its auditor highlighting material uncertainty over the company’s ability to continue as a going concern. Against that financial pressure, the ASX-listed explorer is preparing RC drilling across two high-grade channel iron prospects and advancing several gold targets in the Pilbara.

GR Engineering Services has locked in a $275 million EPC contract for the Yitirrti Copper-Silver-Zinc Project, reinforcing its position as a leading Australian minerals processing contractor.

CZR Resources (ASX:CZR) has launched a recommended all-scrip takeover bid for Zuleika Gold (ASX:ZAG), valuing the company at $44.8 million and offering a significant premium to Zuleika shareholders.

Legacy Iron Ore Limited has wrapped up Phase I mining at Mount Celia, pivoting to develop a heap leach processing facility while reporting a 77% surge in measured and indicated gold resources. The company also progresses its Mount Bevan iron ore joint venture amid ongoing exploration and feasibility studies.

Centaurus Metals has unveiled multiple large-scale copper-in-soil anomalies at its newly acquired Rio Novo tenements, expanding the Boi Novo Project footprint. Concurrent drilling continues to deliver promising copper-gold and iron ore intersections, while metallurgical tests indicate strong concentrate recoveries.

Centaurus Metals has secured a binding offtake deal with Glencore and attracted up to US$320 million in financing offers for its Jaguar Nickel Project, while advancing exploration and pilot testing at its Brazilian copper-gold and iron ore assets.

Gullewa Limited progresses with Hunter Valley property construction, submits a critical mining lease extension for South Darlot, and boosts its Central Iron Ore stake through a rights issue.

Babylon Pump & Power reported a $7.16 million loss for H1 FY26, weighed down by acquisition-related expenses and an impairment charge, while its rental segment soared post-acquisitions.

Reedy Lagoon Corporation is advancing preparations for drilling at its Burracoppin Gold and Iron projects in Western Australia, while actively seeking joint venture partners to fund next phases.

QX Resources has confirmed high-grade uranium mineralisation at its Madaba project in Tanzania and commissioned a detailed airborne radiometric survey to refine drill targets. Meanwhile, gold and iron ore projects in Australia await further exploration.