Latest Mining Agreements News

Carnavale Resources has announced a fully underwritten entitlement issue to raise up to $4.09 million before costs, offering one new share for every four held plus free attaching shares. The capital raise precedes a proposed 15, 1 share consolidation subject to shareholder approval.

Kairos Minerals has finalized a pivotal mineral rights agreement with Pilbara Minerals, granting it extensive rights over key Pilbara licences and setting the stage for a significant drilling campaign to expand its Mt York gold resource.

Kairos Minerals has reported strong drilling results at its Mt York Gold Project, extending the high-grade ‘Monster Zone’ gold mineralisation both deeper and 250 metres east. The company is boosting its Stage 1 drilling program to 30,000 metres, aiming to expand and upgrade its resource base.

Nelson Resources has entered a pivotal Right to Mine Agreement with MEGA Resources, securing up to $10 million in funding and mining expertise to advance the Yarri Gold Project near Kalgoorlie.

Baumart Holdings has recorded a nearly $1 million impairment on its mining equipment due to halted diamond mining operations and no clear plans for asset redeployment.

Lunnon Metals has formalized an Ore Purchase Agreement with Gold Fields subsidiary St Ives Gold Mining, setting the stage for development of the high-grade Lady Herial gold deposit. The agreement outlines a 70, 30 free cash flow split and awaits shareholder and regulatory approvals.

Global Lithium Resources Limited has clarified that recent spikes in its share price and trading volume are linked to previously announced project developments, not undisclosed information.

Legacy Iron Ore has completed a major drilling campaign at its Mt Celia project and is progressing metallurgical studies to define its processing strategy, setting the stage for updated resource estimates and development plans.

Lefroy Exploration is nearing operational readiness at its Lucky Strike Gold Deposit with key approvals and designs in place, while gearing up for a high-grade drilling campaign at Burns Central. The company is fully funded and poised for a self-funded growth phase.

Kairos Minerals reports significant wide and high-grade gold intercepts from recent drilling at Mt York’s Main Hill, reinforcing potential for resource growth ahead of a key update.

SSH Mining Australia has entered a profit share mining agreement with High-Tech Metals to advance the Wagtail Gold Deposit, marking a pivotal step in the Mt Fisher Gold Project's development.

Fenix Resources has locked in exclusive 30-year mining rights over a 290 million tonne iron ore resource at the Weld Range Project, significantly extending its mine life and production capacity. This strategic partnership with Sinosteel Midwest and Baowu Steel Group positions Fenix for ambitious growth in Western Australia's Mid-West.