Latest Mine Operations News

Savannah Goldfields has successfully completed a $2.69 million capital raise through a placement and institutional entitlement offer, setting the stage for a retail offer and a broader $14 million funding program to restart gold mining operations.

Solstice Minerals has secured the advanced Nanadie Copper-Gold Project in Western Australia, acquiring a JORC-compliant Inferred Mineral Resource of 40.4Mt at 0.4% copper and 0.1g/t gold. The acquisition positions Solstice for growth amid strong long-term copper demand.

Macro Metals Limited has launched its second Indigenous joint venture, Robe River Kuruma Macro Mining, to foster sustainable mining and socio-economic benefits in the West Pilbara region.

Meteoric Resources reports exceptional rare earth element grades and enriched magnetic rare earth oxides at its Agostinho Prospect in Brazil, signaling a potential expansion of its Caldeira Project resource base.

Brightstar Resources has reported compelling high-grade gold intercepts from its 2024 diamond drilling at the Lord Byron deposit, reinforcing the potential for expanded mining operations at Jasper Hills.

AXP Energy has secured $1.25 million through a share placement to accelerate its modular data centre rollout powered by stranded natural gas in Colorado. This capital injection aims to support the company’s pioneering gas-to-power operations tied to Bitcoin mining and other high-performance computing applications.

Peak Minerals has revealed promising assay results from its Minta Rutile Project in Cameroon, highlighting a significant rutile and heavy mineral discovery. The company also announces a new CEO appointment and a $2 million entitlement offer to fund further exploration.

Tanami Gold NL reports exceptional high-grade gold intercepts from its recent drilling at the historic Jims Gold Mine, reinforcing the potential of the Central Tanami Project and setting the stage for expanded exploration in 2025.

OM Holdings Limited has reported a strong finish to FY24 with production volumes surpassing guidance and outlined robust production targets for FY25 amid shifting market dynamics in ferrosilicon and manganese.

Philsaga Mining Corporation has announced a delay in the completion of its Tigerway decline at the Co-O Mine, citing COVID-19 disruptions and a significant earthquake as key factors. The company is now focusing on horizontal drives to improve ore transport and ventilation, with full decline completion expected by year-end 2025.

Savannah Goldfields Limited has announced a $9.91 million equity raising to fund the restart of mining operations and regional expansion in Far North Queensland. The company targets resuming production in H1 2025 with a focus on optimising costs amid a strong gold price environment.

Savannah Goldfields Limited has launched a $14 million capital raising to fund the restart of gold mining operations at its Agate Creek and Georgetown projects, backed by cornerstone investors including Wes Maas.