Latest Mining Acquisitions News

Yancoal's June quarter saw a 20% jump in attributable saleable coal production to 10.8 million tonnes, supported by rising realised coal prices and operational improvements. The company advances its strategic growth with the pending acquisition of an 80% stake in the Kestrel Coal Mine, while planning to close Ashton mine by early 2028.

Recharge Metals has expanded its gold exploration footprint near Leonora, Western Australia, by acquiring the Ironstone Well Project, increasing the Prospero Trend strike length by 50%. The company raised nearly $6 million to fund an aggressive 30,000m drilling campaign at Sunset Well and other exploration activities.

Rokeby Resources (ASX:RKB) has completed its acquisition of the Omeo Gold Project, gaining full ownership of a historically rich gold asset in Victoria. The company has already commenced a diamond drilling program at the high-grade Sunnyside deposit, aiming to upgrade and expand the resource.

Cooper Metals has secured full ownership of the Pyramid Gold Project in North Queensland, a high-grade, underexplored gold asset in the prolific Drummond Basin. The company plans to accelerate exploration with immediate drilling targeting multiple priority zones along a largely untested fault corridor.

Strategic Energy Resources (ASX:SER) has completed its acquisition of 100% of the Diamantina Copper-Gold Project from Anglo American, setting the stage for a maiden diamond drilling campaign targeting promising copper-gold mineralisation in northwest Queensland.

CGN Resources has bolstered its position in the Leonora gold district by acquiring the 142 km² Desdemona Project, expanding its landholding to 386 km². The company has initiated its first reverse circulation drilling program at Christmas Well targeting multiple high-priority gold prospects.

Li-FT Power has gained a two-year exclusive call option, approved by the Superior Court of Québec, to acquire the Renard diamond mine site with plans to explore its conversion for lithium processing.

Recharge Metals has boosted its gold exploration footprint near Leonora, Western Australia, by acquiring the Ironstone Well Project for $100,000 cash, extending the Prospero Gold Trend to over 15km and adding new drill-ready targets.

Cygnus Metals is set for a transformative acquisition by Central Asia Metals valued at about A$232 million, while its Golden Eye deposit delivers high-grade drilling results that bolster resource confidence.

Corazon Mining has completed its acquisition of the Chalice Gold Project from Westgold Resources, securing a 191,000oz high-grade gold resource and planning an aggressive drilling campaign to unlock further potential.

Corazon Mining has secured the Chalice Gold Project from Westgold, marking its shift to a gold developer with a 191,000oz resource and a $16.5 million capital raise to fund an aggressive drilling campaign.

AuMEGA Metals appoints Rafael Gradim as President, replacing Michael Skead, to spearhead exploration across its significant Newfoundland gold portfolio.