Latest Mining And Resources News

Infinity Lithium Corporation has withdrawn from Spain’s PERTE VEC IIa capital funding program, opting to return nearly €20 million due to prolonged permitting and regulatory hurdles.

Newfield Resources has taken a significant step forward with a new management partnership for its Tongo Diamond Mine, while facing legal challenges over the termination of its Tonguma Mine agreement.

Saunders International has landed a $27 million contract to install critical processing tanks at Kalgoorlie Consolidated Gold Mines, reinforcing its growing presence in Western Australia's mining sector.

Tungsten Mining NL has reported a maiden inferred mineral resource at its Hatches Creek Project, revealing significant tungsten and copper grades that underpin its ambitions to become a key critical minerals producer.

Larvotto Resources has announced an initial tungsten mineral resource at its Hillgrove Project, revealing a significant by-product opportunity alongside gold and antimony. This development could diversify revenue streams and enhance project economics amid rising tungsten prices.

EQ Resources has secured an extension of credit facilities from its major shareholder Oaktree, ensuring continued operations at its flagship Barruecopardo tungsten mine in Spain through 2025. The company is also actively restructuring its debt to strengthen its financial position amid improving production and market conditions.

Lode Resources has launched a 15-hole diamond drilling program at its Magwood Antimony Project in NSW, targeting multiple high-grade lodes including unmined mineralisation down to 450m. This move bolsters Lode’s strategic position in critical minerals amid rising antimony demand.

Turaco Gold has announced a significant 40% increase in its Afema Project gold resource in Côte d’Ivoire, now totaling 3.55 million ounces at an improved grade of 1.2g/t. The company is advancing towards a pre-feasibility study and environmental assessments, underpinning the project’s growing stature in West Africa.

Stanmore Resources has released an updated maiden Reserves Statement for its Isaac Downs Extension metallurgical coal project, confirming 52 million tonnes of Run of Mine coal reserves and a robust +20-year mine life supported by existing infrastructure.

Celsius Resources has locked in a USD 76.4 million bridge loan from the Philippine sovereign wealth fund to advance early development of its flagship MCB copper-gold project, while raising A$3.3 million through a share placement to bolster its balance sheet.

BMG Resources advances its gold exploration with ongoing drilling at Abercromby, promising near-surface high-grade results at Bullabulling, and strategic positioning near producing mines at Invincible.

Nagambie Resources reported significant new antimony-gold intersections at its Nagambie Mine and joined a US Department of Defence consortium, positioning itself amid soaring antimony prices and strategic demand. The company also advanced funding arrangements and plans a resource update in the June quarter.