Latest Mining And Processing News

Skylark Minerals has pushed its Côte d’Ivoire gold strategy forward, with M’Basso now extending across about 2km of strike. But the annual report also highlights a material uncertainty over funding, after the company ended the year with A$4.85 million in cash and a A$3.01 million loss.

Panther Metals has secured $350,000 in cash from the sale of its Mikado Gold Project to Brightstar Resources, while opening a potential processing route for Burtville East. The proposed 50:50 arrangement remains non-binding and depends on further evaluation and definitive agreements.

Charger Metals has mobilised an RC rig for a 10,000m programme aimed at expanding and upgrading confidence in its 10.6Mt Medcalf lithium resource. The work is funded by the $3.752 million cash sale of the Bynoe Lithium Project and comes as Charger commits to a scoping study at Lake Johnston.

Tivan has secured the regulatory and cultural heritage clearances needed to advance an 8,000-metre drilling campaign at its Molyhil tungsten project in the Northern Territory. The company will also issue 3.84 million shares as part-payment for the project acquisition, while its feasibility and proposed funding plans remain unfinished.

Kingsgate Consolidated has increased Nueva Esperanza’s Ore Reserves by 31% for silver and 37% for gold, extending the assumed reserve life beyond 12 years. The gains are largely driven by higher price assumptions and lower royalties rather than new drilling.

Challenger Gold has set early 2029 as the target for commercial production from a stand-alone heap leach operation at its Hualilán project in Argentina. The roadmap brings engineering, drilling and financing into sharper focus, but still depends on a US$15 million debenture refinancing and a much larger project funding package.

Focus Minerals has declared its first dividend, a fully franked A$0.08 per share payment worth approximately A$22.9 million. The distribution follows the A$250 million sale of the Laverton Gold Project and improved production from the Bonneville Underground Mine.

Kingfisher Mining has remade itself around a 700 square kilometre New South Wales exploration portfolio, with Copper Blow emerging as the flagship after high-grade drilling. The shift came alongside a $1.16 million FY2026 loss, $1.21 million in cash and an explicit reliance on future funding.

Westgold Resources has outlined a fully funded plan to lift gold production to 460-510koz by FY29 while reducing AISC to A$2,640-A$3,000/oz. The formal outlook excludes its potentially transformative Fletcher Zone, leaving a sizeable but still conceptual growth option beyond the plan.

Sentinel Metals has secured a seven-year option to buy out a legacy 1% royalty over claims hosting roughly 500,000 ounces of Columbia’s current resource. The deal caps the purchase price at 500 ounces of gold while limiting near-term payments to 5 ounces a year.

Patronus Resources is taking a well-funded exploration campaign into a busy phase, with 30,000 metres of multi-rig drilling underway at Pine Creek and a stated $65 million in cash and investments. The investor presentation also highlights a 2.3Moz AuEq resource base, although parts of the portfolio rely on historical estimates and future WA work remains dependent on heritage access.

Sigma Lithium says its Brazilian mining and processing operations remain active after reports of a preliminary court ruling allegedly suspending its environmental licences. The ASX-listed producer says it has received no legal notice and will begin its formal defence when Brazilian courts resume on September 8.