Latest Iron Ore Projects News

Genmin has drawn strong international interest to finance its Baniaka iron ore project in Gabon, with proposals ranging from joint ventures to prepayment facilities. The Gabonese government backs the project as a national priority, aiming for a final investment decision by mid-2026.

Iron Bear Resources has boosted its Indicated Mineral Resource by 114% to 4.5 billion tonnes at 29.5% Fe, while total resources fell 18% due to updated geology and economics. The Labrador Trough project now rests on a stronger technical foundation with high-quality magnetite concentrates confirmed.

Admiralty Resources has commissioned the transmission line at its Mariposa Iron Ore Project, securing direct grid power and reducing reliance on costly fuel generators.

Following the granting of a 25-year mining permit, AKORA Resources has launched a $3.3 million capital raising to fund development and financing activities at its high-grade Bekisopa iron ore project in Madagascar.

Alchemy Resources has finalised the sale of its Karonie and Lake Rebecca projects to Forrestania Resources, securing over 7.7 million shares and a royalty, while gearing up for copper exploration in New South Wales.

AKORA Resources has secured a 25-year mining permit for its flagship Bekisopa iron ore project, a critical step toward development, but faces suspension from ASX quotation due to late reporting.

Alchemy Resources secured a major milestone with Newcam Minerals exercising its option on Bryah Iron Ore assets, while divesting Karonie and Lake Rebecca projects to Forrestania Resources, alongside promising exploration results at Yellow Mountain in NSW.

Brockman Mining Limited continues to develop its Marillana and Ophthalmia iron ore projects through joint ventures, progressing infrastructure plans at Port Hedland while maintaining a modest cash position and strong financing facilities.

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.

Equatorial Resources has completed its final arbitration submissions against the Republic of Congo with a final ICSID award expected in the first half of 2027. Meanwhile, the company continues to seek clarity on the status of its iron ore exploration permits in Guinea amid ongoing regulatory uncertainty.

Macro Mining Services has partnered with Austral Pacific to tap into gold tailings and stockpiles at the Paris Gold Mine, aiming to turn historical waste into revenue through a 50:50 profit share after expense recovery.

Talisman Mining has confirmed significant near-surface gold mineralisation at its Walkers Hill and East Peak Hill projects in NSW through recent aircore drilling, alongside receiving $0.79 million in iron ore royalties and maintaining a solid cash position.