Latest Mineral Resources News

Kalgoorlie Gold Mining’s recent diamond drilling at Kirgella Gift and Providence deposits reveals thick gold mineralisation extending well below previous resource estimates, signalling promising vertical growth potential.

Verity Resources Limited has announced a pro-rata entitlement issue to raise up to $2.05 million, partially underwritten by entities linked to its directors. The capital raise aims to fund exploration and technical studies across its key projects, including the Monument Gold Project.

Cobre Limited has secured A$60 million to acquire a majority stake in the Sierra Atacama Copper Project in Chile, positioning itself as a significant copper producer with strong expansion potential.

Peel Mining has agreed to sell its South Cobar Copper Project to Aeris Resources in a $214 million transaction, while spinning off its remaining assets into a new ASX-listed company, NewCo. The deal offers Peel shareholders immediate value and ongoing exposure to a diversified metals portfolio.

PhosCo Ltd has reported outstanding final assay results from its Gasaat Phosphate Project in Tunisia, setting the stage for maiden resource estimates at the KM and SAB prospects. These high-grade intercepts promise to enhance early project economics and underpin an optimised scoping study.

Aguia Resources is poised to commence production at its Tres Estradas phosphate mine with infrastructure nearly complete and key licenses expected imminently. Meanwhile, exploration at the nearby Passo Feio project reveals promising phosphate grades, underpinning a strong market outlook amid global supply constraints.

Aeris Resources has announced a strategic all-scrip acquisition of Peel Mining, consolidating key copper assets in New South Wales and aiming to extend the Tritton mine life beyond a decade. Peel shareholders will also retain exposure to precious metals exploration through a demerger into a new ASX-listed entity.

Aeris Resources has agreed to acquire Peel Mining in a strategic deal that consolidates key copper assets and extends the Tritton mine life to over 10 years. Peel shareholders will receive Aeris shares plus stakes in a new ASX-listed entity holding Peel’s remaining exploration assets.

Gorilla Gold has secured critical drilling permits for its Comet Vale Gold Project, enabling exploration on high-priority, previously untested targets and expanding its resource potential. New tenure acquisition further broadens the project’s footprint in Western Australia.

Carnaby Resources has reported significant shallow, high-grade copper and gold drill results at its Trek 1 prospect, reinforcing the potential for an open pit development within the Greater Duchess Copper Gold Project.

Austral Resources is set to unlock significant residual copper at its Mt Kelly site using Hydro-Jex®, a patented heap leach technology promising enhanced recovery without costly reprocessing.

Axel REE is fast-tracking field recovery trials at its Caladão Project, leveraging proven in situ recovery methods and a rare gallium resource to position itself uniquely in the critical minerals space.