Latest Gold Exploration And Mining News

Magnetic Resources NL is set to be acquired by Genesis Minerals Limited, with outstanding options cancelled for cash following an ASX waiver. Performance rights will vest and be exercised prior to the scheme’s record date.

MetalsGrove Mining has responded to an ASX price query following a sharp rise in its share price and trading volume, confirming no undisclosed material information exists and providing an update on its ongoing gold exploration in Côte d’Ivoire.

Benz Mining Corp. has raised A$75 million through a bought deal placement, significantly strengthening its cash reserves to nearly A$94 million. This capital injection will accelerate exploration and resource development at its Glenburgh and Mt Egerton Gold Projects in Western Australia.

Gateway Mining has announced a significant new gold discovery at its Haflinger target within the Yandal Gold Project, with drilling intersecting 52 metres at 1.4g/t gold, including a higher-grade 12-metre section at 3.1g/t. This extends a mineralised trend over 500 metres, highlighting a structurally complex and promising geological setting.

Miramar Resources has restructured its board, appointing Marion Bush as Managing Director and Jono Fisher as Non-Executive Chairman, aiming to drive growth and exploration success in Western Australia.

Warriedar Resources shareholders have overwhelmingly approved a scheme of arrangement for acquisition by Capricorn Metals, clearing a key hurdle ahead of final court approval and delisting.

IRIS Metals has agreed to sell its Kookynie Gold Project to Arika Resources, securing cash and equity to fuel its lithium ambitions in the US. This strategic move realigns IRIS’s portfolio towards critical minerals while retaining exposure to Kookynie through Arika shares.

Chrysos Corporation reported a robust FY25 with 46% revenue growth and an 80% jump in EBITDA, driven by expanding adoption of its PhotonAssay technology and a landmark contract with gold giant Newmont. The company projects further growth in FY26 with revenue guidance of $80-90 million.

Warriedar Resources has appointed BDO Corporate Finance Australia to assess the proposed acquisition by Capricorn Metals, with a detailed Independent Expert Report due in late September 2025.

Benz Mining reports extensive high-grade gold intercepts at its Icon Prospect, confirming the potential for a large-scale, bulk open-pit operation within the Glenburgh Gold Project in Western Australia.

Resource Mining Corporation has locked in a $5 million convertible securities facility to fund its expanding exploration programs across Tanzania, Saudi Arabia, and Finland. The initial $1.3 million drawdown supports ongoing copper-gold drilling and new gold ventures.

Tungsten Mining NL is pivoting its Mt Mulgine Project development by targeting near-surface oxide gold to generate early cash flow and support its long-term tungsten ambitions. A 10-week integrated scoping study will soon assess this dual-resource approach.