Latest Mining Approvals News

Metal Bank Limited moves swiftly to expand its Western Australian gold footprint through the acquisition of Hastings Technology Metals’ gold assets and a $2.3 million capital raising aimed at fast-tracking exploration and production.

Metal Bank Limited (ASX – MBK) has announced a partially underwritten entitlement offer aiming to raise $2.32 million to fast-track its Western Australia gold projects and explore graphite potential in Queensland. The offer, priced at $0.014 per share, is supported by Equator Capital Management Ltd and targets existing shareholders.

Brightstar Resources has obtained key regulatory approvals for its Lord Byron open pit project, positioning the company to commence mining operations in the second half of 2026. This milestone advances Brightstar’s strategy to boost gold production from its Laverton Hub.

Patronus Resources (ASX, PTN) reveals a robust financial position with $70 million in cash and investments against a market cap near $100 million, underpinned by 2.3 million ounces gold equivalent resources in Tier-1 Australian jurisdictions. The company’s active exploration and strategic acquisitions signal promising growth ahead.

VBX Limited reports promising low-silica bauxite discoveries at East Kalumburu A near its flagship Wuudagu project, alongside key strategic appointments and ongoing drilling programs advancing the project towards a targeted DFS completion in early 2026.

Ballard Mining has announced a promising new gold discovery at its Neptune Prospect within the Mt Ida Gold Project, revealing mineralisation akin to its Baldock Deposit. This breakthrough extends the exploration potential along the 13km Ballard Fault, marking a significant milestone in the company’s regional drilling campaign.

Alligator Energy has initiated drilling at its Samphire Uranium Project, marking a critical step toward establishing Australia’s next in-situ recovery uranium mine. The company aims to commence field recovery trial operations early next year following regulatory approvals and pilot plant construction.

Resources & Energy Group Limited has received official approval to expand gold vat leach operations at its Maranoa Deposit, marking a significant step from trial to full-scale production.

Genesis Minerals has secured regulatory approval for Stage One mining at Tower Hill, aligning the project with its mill expansion plans and setting the stage for production in FY28.

VRX Silica Limited has obtained crucial works approval for its Arrowsmith North Silica Sand Project, paving the way for construction and operation ahead of targeted production in late 2026.

Star Minerals reports promising shallow gold intercepts 120 metres west of known lodes at its Tumblegum South project, hinting at a potential resource expansion ahead of planned mining approvals.

Ballard Mining reports strong infill and extensional drilling results at its Mt Ida Gold Project, confirming and potentially expanding the high-grade Baldock resource. The ongoing program aims to upgrade resource confidence and supports future development plans.