Latest Mining News

Infinity Metals has secured a two-year exclusive option to acquire 100% of the high-grade Swansea copper mine in Arizona and raised A$2.25 million via a discounted placement to fund exploration and acquisition costs.

Stavely Minerals has launched a deep diamond drilling program at its Freddy’s Find gold-silver prospect in western Victoria, targeting extensions below significant shallow mineralisation and exploring a large-scale porphyry system nearby.

Acrow Limited (ASX:ACF) is set to expand its Industrial Access and Construction Services footprint with a $54.5 million acquisition of Ausgroup and Preston SuperDeck, funded by a fully underwritten $70 million equity raise and a $10 million share purchase plan. The company also upgraded its FY27 revenue and EBITDA guidance by 21% and 15% respectively.

Kingston Resources secures $12.9 million through placement and entitlement offer to fund a 25,000m drilling program and plant expansion at its Mineral Hill polymetallic mine, bolstering cash reserves to $32.3 million ahead of a planned operational restart.

Avira Resources has completed 1,308 metres of reverse circulation drilling across the Maori Queen and Plantagenet prospects at Mt Cattlin, submitting initial samples for assay as it targets a maiden resource estimate by year-end.

Aguia Resources has rapidly converted its Pampafós phosphate fertiliser project into commercial sales, securing AUD 600,000 in revenue within 14 days, anchored by a 2,000-tonne contract with a leading Brazilian agricultural cooperative.

Platina Resources has completed its acquisition of the Mt Morgans South Project from Genesis Minerals, adding 18 tenements in a prolific gold district and setting the stage for a focused exploration campaign.

Antilles Gold’s Cuban joint venture Minera La Victoria has been designated a US Specially Designated National, forcing suspension of management and mine construction activities while the company seeks a resolution.

Terra Metals’ latest drilling confirms a large-scale, continuous PGM-Cu-Ni-Co sulfide system at its Southwest Prospect, extending the mineralised footprint beyond the existing Dante resource and setting the stage for a maiden Southwest Mineral Resource Estimate later this year.

Power Minerals has landed a A$1.7 million investment from a prominent international resources fund, reinforcing its financial firepower to push ahead with diamond drilling and metallurgy work at the Morro do Ferro Rare Earths Project in Brazil.

TechGen Metals has secured A$2.7 million through an oversubscribed placement to fast-track maiden drilling at its flagship Blue Devil copper-gold project in WA, alongside advancing exploration at Dalgaranga and John Bull gold assets.

Matsa Resources has received the last $1.65 million option instalment from AngloGold Ashanti, bringing total payments to $9.5 million under their Lake Carey project agreement. AngloGold Ashanti must decide by December whether to exercise the $101 million option.