Latest Magnetite News

Waratah Minerals has unveiled compelling reverse circulation drilling results linking its Alpine and Gazzards prospects to Spur and Consols, establishing a continuous 6km gold corridor in New South Wales. The findings highlight shallow, high-grade gold mineralisation and set the stage for diamond drilling in late 2026.

Venus Metals Corporation (ASX:VMC) has fortified its balance sheet with a $47 million sale of its Youanmi Gold Project royalty, rebuffed a hostile takeover, and set in motion significant shareholder returns including a $35 million cash dividend.

CZR Resources has launched a recommended takeover bid for Zuleika Gold, backed by a robust $65 million cash position and promising drilling results at its Croydon Gold Project.

Vanadium Resources pivots to a co-production V-Iron Plant at Steelpoortdrift, securing a non-binding offtake with US Vanadium and appointing Rand Merchant Bank to drive project financing.

Sunshine Metals has reported strong progress at its Queensland projects, highlighted by high-grade drilling results at Liontown, acquisition and planned upgrade of the Mt Moss processing facility, and a strategic divestment of Hodgkinson. The company bolsters its cash position through a $22 million capital raise to fund development and exploration.

Metals Australia has reported maiden ore reserves and strong economic studies for its Lac Carheil Graphite Project in Quebec, with a combined after-tax NPV of AUD 2.56 billion, positioning the company for a strategic revaluation as it advances feasibility studies.

Golden Globe Resources has confirmed copper-gold mineralisation at Queensland’s Dooloo Creek through Phase 1 drilling, validating its exploration model and commencing Phase 2 to target deeper, higher-grade zones.

Austin Metals has wrapped up a 4,216-metre RC drilling campaign at its Austin Gold Project, testing newly defined BIF-hosted gold targets at Brunswick Hill and Mt Sandy, with assay results still pending.

FMR Resources reports encouraging assay results from its maiden drill program at the Llahuin JV, revealing extensive copper-gold-molybdenum mineralisation. The company also progresses its acquisition of the La Lorena Project with high-grade rock chip samples and identifies multiple magnetic targets for follow-up.

GreenTech Metals’ latest drilling at Munni Munni confirms thick, high-grade PGE-Cu-Ni zones while an independent review spotlights significant new copper targets. The company strengthens its balance sheet with a $7.5 million placement and key technical hires ahead of an ambitious drill campaign.

Javelin Minerals is set to drill two major gold-copper targets at its Coogee Gold Project in WA, leveraging WA Government funding to test large, previously untested magnetic anomalies that may host significant mineralisation.

ACDC Metals has pinpointed several promising drill targets at its Mount Jackson gold-silver project in Nevada following an aeromagnetic survey, setting the stage for maiden drilling in late 2026.