Latest Mining And Resources News

Magnetic Resources has significantly increased the gold resource estimate at its Lady Julie Gold Project to 1.75 million ounces, advancing plans for concurrent underground mining and an expanded processing plant.

Gold Mountain Limited has outlined a strategic 14-hole drilling campaign targeting high-priority lithium anomalies in Brazil’s Bananal Valley, following comprehensive soil sampling and mapping at its Salinas II Project.

Spartan Resources has completed the sale of its Glenburgh and Egerton gold projects to Benz Mining for $1 million in cash, a 15% equity stake, and potential contingent payments. This strategic move allows Spartan to sharpen its focus on its high-grade Dalgaranga Gold Project while maintaining influence through board representation at Benz.