Latest Mining And Minerals News

Minerals 260 has emerged from FY26 with a 6.2Moz Bullabulling resource, a maiden 2.5Moz reserve and a pre-feasibility study pointing to a 19-year gold operation. The project is now moving into definitive feasibility, but debt funding, approvals and a final investment decision remain ahead.

Viridis Mining and Minerals Limited (ASX:VMM) has used its FY2026 annual report to present Colossus as a rare earths project moving from study work into execution. The company has reported strong DFS economics and fresh equity funding, but still needs key permits, binding offtake and senior debt before construction can fully proceed.

Bayan Mining and Minerals has begun a third phase of surface sampling at its Bayan Springs South gold project in Nevada, extending an open southern anomaly and testing a previously unsampled northern fault intersection. The work is intended to sharpen drill targets, while assays from the company’s completed Desert Star RC program are expected in October 2026.

Viridis Mining and Minerals has selected Sedgman and Blossom as the preferred EPCM partner for its Colossus rare earths project, with up to US$3 million approved for work before a final investment decision. The full contract remains conditional, but engineering and procurement activity will begin immediately.

Viridis Mining and Minerals has secured approval for a R$77.5 million BNDES financing facility, reducing the estimated senior debt still required for its Colossus rare earth project to about US$280 million. The 16-year facility carries an indicative current cost of approximately 4.8% and supports the project’s Brazilian processing and research infrastructure.

Kingston Resources says infill drilling at Jack’s Hut has confirmed the location and continuity of polymetallic mineralisation targeted for potential underground mining at Mineral Hill. The results will feed into a resource update, while surface drilling in October will test extensions beyond the current resource.

Polymetals Resources has boosted the Endeavor Mine’s Mineral Resource to 20.7 million tonnes, adding 1.3 Mt of high-grade sulphide mineralisation in the Upper Main Lode despite ongoing depletion and a more conservative density model.

Bayan Mining's patented ion-exchange technology demonstrated a 14-fold increase in yttrium concentration and a two-fold purity upgrade in independent bench-scale trials at the University of Queensland, highlighting commercial potential amid global supply disruptions.

Viridis Mining has placed its first major equipment order for the Colossus Rare Earth Project, securing critical-path pressure filtration technology that underpins its 2028 production target.

Amara Minerals has taken a strategic legal step by filing a cross-claim against Great Divide Mining amid a GST indemnity dispute linked to Challenger Mines, intensifying a court battle that remains unresolved.

Javelin Minerals has cleared a major hurdle with final mining approval for its Eureka Gold Project near Kalgoorlie, positioning it for imminent production backed by a $25 million financing deal.

Alvo Minerals has secured an earn-in agreement for a 656-hectare tenement adjacent to its Bluebush Heavy Rare Earth Element project in Brazil, extending its footprint over the prolific Northern Serra Dourada granite.