Latest Mining Agreements News

RareX has moved Cummins Range through key permitting and heritage milestones, while stronger metallurgical results broaden the project’s critical-minerals potential. But the explorer’s annual loss widened to A$5.07 million, cash burn remained high and its going-concern assessment still depends on future funding and project development.

Pilbara Gold has lifted the Mt York resource by 50% to 2.08 million ounces while advancing a prefeasibility study and restarting drilling at Roe Hills. The annual report also warns that planned exploration spending could require another capital raise within 12 months.

Javelin Minerals is pursuing an all-scrip takeover by FirstAU after its planned Eureka production partnership with MEGA Resources was terminated over regional processing constraints. The company reported a $2.69 million FY2026 loss, $3.92 million in cash and an auditor warning that further funding is required.

Tarrina Resources has identified five kilometre-scale IOCG target zones at Walparuta after soil sampling returned copper values up to 2,891 ppm and gold up to 466 ppb. The planned 23-hole drill campaign remains subject to native title, heritage, land access and government approvals.

Boab Metals has signed a binding Heads of Agreement with RE:GROUP for mining services at its Sorby Hills silver-lead project, clearing a key operational milestone ahead of planned production in the second half of 2027. Site establishment is scheduled for January, with mining services targeted to begin by March.

Strata Minerals has shifted from broad exploration to a Zelica-centred Western Australian gold strategy, pairing strong drilling results with a proposed capital-light mining pathway funded by BML Ventures. The opportunity is growing, but the company remains loss-making and warns that further funding may be required to continue as a going concern.

Cavalier Resources has lifted the Crawford Gold Project’s Stage 1 NPV by about 50% to A$77.2 million, while drilling supports extensions beyond the planned starter pit. But the annual report also flags a material uncertainty over going concern, with proposed project financing still subject to definitive documentation.

Cavalier Resources is advancing site preparation, contractor negotiations and recruitment at its Crawford Gold Project, but its financing remains unfinished after Javelin Global Commodities’ exclusivity period expired. Shareholders have also approved a A$60,000 share subscription by interim CEO Daniel Tuffin.

Everest Metals moved Mt Dimer into mining, established a 260,780-ounce Revere gold resource and upgraded its Mt Edon rubidium project in FY2026. Yet the company remains loss-making, has impaired its Mt Dimer development assets and warns that future funding and project cash inflows are needed to support its going-concern assessment.

Great Boulder Resources has used FY2026 to make the leap from gold explorer toward producer, acquiring Peak Hill and securing a 481,000-ounce resource alongside its 1.02 million-ounce Side Well project. The strategic shift came with a A$9.93 million loss, a heavily expanded share count and a clear near-term test: whether 40,000 metres of drilling can support development by late 2027.

Carnavale Resources is approaching the final stretch of its bankable feasibility study for the 80%-owned Kookynie Gold Project, backed by a 120,000-ounce resource and strong metallurgical recoveries. The project still requires financing, a toll-treatment agreement and final economic modelling before it can move from promising study to mine development.

Star Minerals has transitioned from explorer to producer with mining underway at its Tumblegum South Gold Project and anticipates first gold revenue in the December quarter of 2026.