Latest Mining And Exploration News

Magnum Mining and Exploration Limited has launched a $7 million capital raising via a placement of shares accompanied by 630 million new options exercisable at $0.015, set to expire in three years. The offer aims to bolster working capital and advance exploration projects across the US and Brazil.

Diablo Resources has confirmed multiple high-grade silver, gold, copper, and antimony systems at its Star Range Project in Utah, setting the stage for its maiden drilling campaign.

Rox Resources has ramped up underground mining and advanced processing plant development at its Youanmi Gold Project, signalling a strong push towards production in 2026. Key infrastructure expansions and strategic hires underpin the company’s growth ambitions.

Brightstar Resources has reported high-grade drilling results and a 6% increase in mineral resources at its Lord Byron gold deposit, underpinning an upcoming feasibility study update.

Ryzon Materials Limited faces ASX scrutiny over the timing and disclosure of a $1 million advance from Xinhai Mining, with the company responding to regulatory queries and committing to improved governance.

Magnum Mining has resumed drilling at its Palmares and Azimuth rare earth projects in Brazil, advancing high-grade targets with assay results expected by the end of January.

MinRex Resources Limited and Electrum Discovery Corp. have agreed to merge, creating a well-capitalised gold-copper exploration company with advanced projects in Serbia and Australia. The combined entity aims to accelerate resource growth and exploration across two Tier-1 jurisdictions.

Beacon Minerals has agreed to sell its Mt Dimer tenements to Forrestania Resources for A$50,000, marking a strategic move to focus on core assets and reduce costs.

Capricorn Metals has secured the Yalgoo Project, significantly enlarging its Mt Gibson Gold Project tenure and setting the stage for new exploration in 2026.

The Northern Finland Administrative Court has overturned Kingsrose Mining’s exploration permit for the Penikat Project due to procedural errors by the regulator, delaying planned drilling until at least April 2026. Kingsrose remains confident in the project’s long-term potential despite the setback.

Red Mountain Mining has reported encouraging exploration outcomes at its Utah Antimony Project, prompting a significant expansion of its claim holdings. The results reinforce the company's geological model and set the stage for an aggressive exploration campaign.

Middle Island Resources has appointed Peter Spiers as CEO, aiming to accelerate exploration and development of its Serbian projects with his extensive industry expertise.