Latest Mineral Resources News

Magnetite Mines has increased its Razorback Iron Ore Project resource estimate and is advancing strategic partnerships, while early saline water testwork shows promise for green iron production.

Magnetite Mines Limited has updated its Razorback Iron Ore Project Mineral Resource Estimate, increasing tonnage by 600 million tonnes through a revised cut-off grade that aligns with Ore Reserves. This reinforces the project's strategic position in South Australia's Braemar iron province.

Brightstar Resources and Aurumin Limited have entered live merger discussions to consolidate their Central Sandstone tenements, aiming to create a major gold development project with a combined resource of approximately 2.4 million ounces. The proposed deal offers Aurumin shareholders a premium and could accelerate development and infrastructure plans in Western Australia’s Goldfields.

Brightstar Resources and Aurumin Limited have entered live merger discussions to consolidate their Central Sandstone tenements, aiming to create a major gold development project with a combined resource of approximately 2.4 million ounces. The proposed scrip deal offers Aurumin shareholders a premium, though completion remains uncertain pending due diligence.

Alligator Energy has completed a $17.25 million placement to fund critical development and exploration activities at its Samphire Uranium Project in South Australia, setting the stage for key milestones through 2026.

Osmond Resources has significantly expanded its Orion EU Critical Minerals Project in Southern Spain by 160%, adding three new permits and preparing for a targeted drilling campaign to confirm mineral continuity.

Lightning Minerals has inked a binding deal to acquire Lotus Minerals, gaining advanced gold and copper projects in Queensland and New South Wales, with drilling set to commence within eight weeks. This strategic move diversifies its portfolio and taps into buoyant commodity markets.

Centaurus Metals has announced a maiden iron ore Exploration Target of 520-780 million tonnes grading 30-35% Fe at its Boi Novo Project in Brazil, alongside promising metallurgical testwork indicating high-grade concentrate potential.

Chilwa Minerals has announced a significant 85% increase in its Heavy Mineral Sands resource, now totaling 110 million tonnes at 4.03% total heavy minerals, with 71% classified as Indicated. This upgrade sets the stage for upcoming feasibility studies and further resource enhancements.

Strickland Metals has agreed to sell its Yandal Gold Project to Gateway Mining for A$45 million in equity, enabling a strategic pivot to its substantial Rogozna Project in Serbia. Shareholders will receive most of the Gateway shares through an in-specie distribution, maintaining exposure to Yandal’s future potential.

Strickland Metals has agreed to sell its Yandal Gold Project to Gateway Mining for A$45 million in equity, enabling a strategic pivot to its Rogozna Project in Serbia. Shareholders will receive most of the Gateway shares via an in-specie distribution, maintaining exposure to Yandal’s future potential.

Gateway Mining Limited has agreed to acquire Strickland Metals’ Yandal Gold Project for $45 million in shares, adding a 400,400-ounce inferred gold resource to its portfolio. The deal, pending shareholder approvals, sets the stage for accelerated exploration and development in Western Australia’s prolific goldfields.