Latest Mineral Resources News

Astral Resources has launched a recommended takeover offer to acquire Maximus Resources, creating a leading Western Australian gold developer with combined mineral resources of approximately 1.8 million ounces.

Astral Resources has launched a recommended takeover offer for Maximus Resources, valuing the company at $31 million and combining their gold resources to form a leading Western Australian developer with approximately 1.8 million ounces of gold.

Native Mineral Resources has raised $14.9 million through a Shortfall Placement and a major investment by Wes Maas, accelerating its plans for gold production at Charters Towers in Queensland.

Cobre Limited reports promising assay results from diamond drilling at its Ngami Copper Project in Botswana, revealing significant copper and silver mineralization over a 4km strike. The findings bolster prospects for advancing the Comet target towards a formal resource estimate.

Westgold Resources has lowered its FY25 gold production forecast due to slower-than-expected ramp-ups at key mines, adjusting cost and capital expenditure guidance accordingly.

Miramar Resources has validated the Bangemall region as a significant new nickel-copper province following detailed mineralogical analysis at its Mount Vernon Project, highlighting promising sulphide mineralisation and a dominant land position.

Podium Minerals has become the first Australian platinum group metals developer to join the World Platinum Investment Council, gaining access to vital market intelligence and global industry engagement ahead of production.

Alara Resources reports a marked increase in copper production at its Wash-hi-Majaza mine in Oman alongside encouraging early exploration results from the Block 8 concession, signaling potential growth in its copper-gold portfolio.

Resources & Energy Group Limited (REZ) has resumed trial gold mining at its East Menzies Gold Project, focusing on the Maranoa deposit with a vat leach method. The company anticipates its first gold pour on February 1, 2025, marking a pivotal step toward sustained production.

Vanadium Resources Limited (VR8) reports ongoing strategic equity and offtake discussions with tier-1 partners for its Steelpoortdrift Vanadium Project, alongside cost reduction measures and progress on environmental approvals.

BMG Resources pushes forward with expansion drilling at its Abercromby and Bullabulling gold projects in Western Australia, supported by a recent $1.5 million capital raise. The company navigates regulatory caution by retracting prior production targets while maintaining a focus on resource growth.

Artemis Resources has secured $4 million in funding to advance drilling at its Karratha Gold Project, following promising high-grade surface sampling and a strategic leadership appointment.