Latest Leonora News

Brightstar Resources has secured A$82 million to accelerate exploration and early development work at Sandstone, where Two Mile Hill is emerging as a potential cornerstone asset. Genesis Minerals will invest A$30 million for a 5.4% stake, while Brightstar says Goldfields construction remains separately funded and on schedule for first gold in the June quarter of 2027.

Arika Resources has identified a previously unrecognised gold lode at its Kookynie project after drilling returned 19 metres at 7.99g/t gold, including 6 metres at 15.87g/t. The early-stage discovery sits above the historic Champion Main Reef and opens several follow-up targets along a 3km mineralised trend.

Evergold Minerals has completed a busy exploration quarter at Mt Monger, where drilling confirmed broad and high-grade gold mineralisation and identified the new Vanguard zone. The progress comes with a lower cash balance of $2.765 million and an estimated 2.28 quarters of funding at the latest spending rate.

Genesis Minerals lifted cash and equivalents to A$598 million in the September quarter while maintaining FY27 production and cost guidance. The proposed Vault merger now carries a clear timetable, but its headline A$2 billion synergy potential remains subject to approvals and execution.

Vault Minerals generated $95.7 million in underlying free cash flow during the September quarter, while completing its King of the Hills Stage 2 upgrade ahead of schedule and maintaining FY27 production guidance. Operational performance was mixed, with weather, lower grades and underground constraints weighing on output at several sites.

Mt Malcolm Mines has reported high-grade shallow gold intercepts and mineralisation extending roughly 350 metres west of the previously drilled Golden Crown area. The results broaden the exploration target, but pending split assays and unknown true widths leave the resource-growth case unfinished.

Evergold Minerals will acquire the Rabbit Warren tenements near Leonora for $50,000 cash and $150,000 in shares, gaining access to a historic gold discovery with an untested 1982 intercept of 3 metres at 23 g/t. The opportunity is inexpensive, but the geological evidence remains largely historical and unverified.

GoldArc Resources has secured approval for the western haul road and expanded accommodation village needed to support mining at Mt Stirling and Mt Stirling Well. The project is now described as fully permitted and shovel ready, although a mining start date and processing arrangement remain unresolved.

GoldArc Resources has completed its acquisition of seven Niagara West and Niagara North prospecting licences, extending its contiguous Leonora South exploration corridor. The A$1.5 million upfront price was paid in shares, while a further A$1 million depends on future resource milestones.

Recharge Metals has secured firm commitments for a $4.1 million placement ahead of its first 30,000-metre drilling campaign at Sunset Well. The raise lifts pro forma cash to approximately $8 million and also funds copper-tungsten work at Brandy Hill South.

Norwest Minerals has strengthened the technical case for its Bulgera heap-leach project, but its annual report highlights a sharper near-term constraint: just A$394,541 in cash at 30 June and material uncertainty over its ability to continue as a going concern. The company subsequently raised about A$1.89 million through an entitlement offer.

Legend Mining is preparing to test its Pyrophyllite Hill gold prospect with a 50-hole aircore program after completing heritage surveys. The explorer ended September with $9.24 million in cash, although the reported 19.5-quarter funding estimate is based on a relatively modest quarter of spending.