Latest Mineral Rights News

Accent Resources has completed the sale of its Norseman Gold Project and received A$3.0 million in cash, giving its Magnetite Range iron ore strategy immediate funding. A further A$1.0 million remains conditional on mining-lease and operating approvals.

Alvo Minerals has expanded its Bluebush heavy rare earth project in Brazil, with new ground, encouraging clay intercepts and Florence drilling advancing toward a maiden resource. But quarter-end cash of A$227,000 covered only 0.28 quarters of reported outgoings before a subsequent A$1 million placement and option exercises.

Haranga Resources has moved its Lincoln Gold Project closer to a formal redevelopment study after completing underground access works, securing adjacent land and returning a high-grade result from the first Phase 2 hole. The company ended September with $3.33 million in cash as it weighs the cost and scale of a potential restart.

Australian Vanadium has moved its flagship project closer to an Optimised Feasibility Study while adding new industrial battery opportunities with Alcoa. But the September quarter also reduced cash to $12.4 million, leaving an estimated 2.5 quarters of funding at the reported spending rate.

Tempest Minerals ended the September quarter with $1.339 million in cash after selling 44,000 Capricorn Metals shares for $686,081. Exploration spending remained modest at $46,000, leaving the company with a reported 4.22 quarters of funding while it advances its iron and gold projects.

Astral Resources has moved its Mandilla development closer to a definitive feasibility study while extending drilling at Theia and adding 281,000 ounces to its Spargoville resource base. The company ended September with A$59 million in cash after spending A$7.6 million during the quarter.

Pilbara Gold’s latest drilling has extended broad gold mineralisation as much as 200 metres below parts of its 2.1Moz Mt York resource, strengthening the case for an updated estimate ahead of a prefeasibility study. Roe Hills has also produced wide, high-grade hits, but both growth stories still depend on further drilling, assays and resource modelling.

Aruma Resources has agreed to acquire a 90% interest in a patented mineral right at its Tillex project in Ontario, extending the interpreted copper-silver trend by 760 metres. The C$30,000 acquisition adds an untested near-term drilling target while assays from the company’s ongoing Phase 2 program remain pending.

S2 Resources reported a $12.7 million profit after selling its Greater Fosterville licence to Agnico Eagle, which also invested $3 million in the explorer. With $18.6 million in cash, S2 is now moving toward drilling across gold and copper targets, though access, approvals and rig availability remain the immediate constraints.

Industrial Minerals has cleared a key licensing hurdle at its newly acquired Laverton Gold Project, positioning the North Pool prospect for maiden RC drilling once heritage and regulatory approvals are complete. The company ended September with $2.50 million in cash after completing its $3 million placement and issuing shares tied to the acquisition and board changes.

MB Gold has secured up to $220,000 in Western Australian government co-funding for a 2,000-metre diamond drilling campaign at its Murphy Well Prospect. The program will test three previously untested geophysical anomalies, with assays expected in the first quarter of 2027.

Albright Metals is moving its Golden Pike project towards a scoping study after defining a 54,200-ounce gold resource at Vail Road, including 22,500 ounces in the Indicated category. The company has also improved its cash position through the quarter, but reported only 1.4 quarters of funding based on current operating outflows.