Latest Mining Approvals News

Prodigy Gold has won a $112,152 co-funding grant from the Northern Territory Government to drill a 600m hole at its Hyperion Gold Deposit, targeting a major untested geophysical anomaly that could expand the 454,000-ounce resource.

Medallion Metals has completed front-end engineering for the Cosmic Boy Concentrator refurbishment and secured a $7.6 million early works contract, keeping commissioning on track for Q2 2027.

Variscan Mines is ramping up exploration at its Novales Project in northern Spain, advancing underground and surface drilling with infrastructure upgrades and capital raising support.

Santana Minerals' Bendigo-Ophir Gold Project has entered the hearing phase of its regulatory assessment, with concurrent technical hearings scheduled for June and a statutory decision due by late October 2026.

Strata Minerals has secured a binding agreement with BML Ventures to fund and manage mining at its Zelica Gold Project, paving a capital-light path to production and profit sharing.

Dreadnought Resources has secured a mining lease for its Metzke’s Find deposit within the Illaara Gold Project, a key step towards commercial production of its 14,900 oz high-grade gold resource. The lease enables infrastructure development and supports ongoing drilling that aims to expand the resource.

Verity Resources awaits Botswana Department of Mines approval to launch near-surface exploration on its extensive critical metals portfolio, targeting high-grade copper-silver and nickel-copper-PGE mineralisation with promising historical results and district-scale potential.

Metal Bank has secured $1.2 million through a placement at a 30% premium, aiming to fast-track production at its Seven Leaders deposit and advance the Homestead and Winja gold projects at Livingstone.

Redcastle Resources has secured A$2 million through a discounted share placement aimed at accelerating exploration and advancing its development projects across its Eastern Goldfields portfolio.

Wia Gold has raised A$92 million through a heavily supported placement to accelerate development of its Kokoseb Gold Project in Namibia, underpinning progress towards a Definitive Feasibility Study due later this year.

Everest Metals Corporation (ASX: EMC) has upgraded its Mt Edon Critical Minerals Project resource to 4.3 million tonnes at 0.23% Rb2O, enhancing grade, tonnage, and confidence ahead of a mining proposal submission expected to gain approval by late 2026.

Reach Resources has locked in a binding option with Andel Resources that fully funds mining and processing at Murchison South, with a profit-sharing model and a strategic equity investment.