Latest Mining And Exploration News

Sierra Nevada Gold (ASX – SNX) has completed the purchase of the New Pass Gold Mine claims in Nevada, gaining 100% ownership and reporting promising gold grades in historic tailings. The company advances plans for bulk sampling and underground mining, while exploration at its Warrior project reveals new targets.

Centrex Limited and its subsidiary Agriflex Pty Ltd have entered a Deed of Company Arrangement (DOCA) with PRL Group Limited set to acquire 100% of Centrex shares, pending court approval. An independent expert report values Centrex shares at nil on a liquidation basis, while mineral assets are valued at A$5.6 million.

Asra Minerals has confirmed significant high-grade gold mineralisation at its Gladstone prospect, extending known deposits deeper than previously recorded. These results bolster the Leonora South Gold Project’s resource potential and set the stage for expanded exploration.

M3 Mining Limited reports steady progress at its Edjudina Gold and Victoria Bore Copper projects, alongside significant corporate restructuring and the sale of its energy subsidiary.

Rincon Resources Limited has announced a non-renounceable entitlement offer to issue options aimed at raising approximately $97,520, fully underwritten by Golden Triangle Capital Pty Ltd. The offer may lead to a 25% dilution if all options are exercised.

Orbminco Limited has executed a binding agreement to acquire the Majestic North Gold Project in Western Australia and commenced maiden drilling, marking a significant step in its growth strategy.

Mount Hope Mining has received regulatory approval to commence its maiden drilling program at the Mt Hope Project, targeting three high-potential gold prospects in New South Wales.

29Metals Limited reported a stronger June quarter with increased copper production at Golden Grove, offset by higher costs and deferred capital spending on the Gossan Valley project. The company also secured a final $54 million insurance payout and improved liquidity despite ongoing operational challenges at Capricorn Copper.

Mount Gibson Iron Limited has agreed to acquire Northern Star Resources' 50% stake in the Central Tanami Project, gaining access to 1.6 million ounces of gold resources and existing infrastructure in the Northern Territory.

WIN Metals Ltd reports rock chip samples grading up to 23.5g/t gold at the Emjay prospect, confirming it as a prime drill target after correcting its previously mislocated position in government datasets.

Polymetals Resources Ltd has successfully completed a $15 million equity raise to replace debt and support the production ramp-up at its Endeavor Mine in New South Wales.

Korab Resources faces renewed uncertainty at its Rum Jungle Project after the Supreme Court invalidated the renewal of two key mineral leases due to a conflict of interest in the decision-making process.