Latest Mining Developments News

Locksley Resources has received a non-binding Letter of Interest from the U.S. Export-Import Bank indicating potential financing support of up to US$191 million for its Mojave Project, aligning with U.S. efforts to rebuild domestic critical minerals supply chains.

Austin Metals Limited has agreed to sell its Broken Hill assets, focusing on its Western Australian gold projects, while reporting encouraging drilling results at Mt Sandy and Ashburton.

Catalyst Metals has doubled its Plutonic Gold Belt reserves to 1.5 million ounces, setting the stage to double annual gold production to 200,000 ounces over the next decade. The company’s strategic mine developments and exploration programs underpin a confident growth trajectory.

Freehill Mining shifts focus to cement industry feedstocks, stabilizes operations after plant challenges, and secures fresh capital while reporting promising magnetite test results.

Eagle Mountain Mining continues to push forward with its Arizona copper-gold projects while negotiating loan restructuring, maintaining a cautious cash position of $566,000 at quarter-end.

Burgundy Diamond Mines reported a robust A$80.4 million net cash inflow from operations in Q3 2025, offset by significant capital expenditure on its Point Lake project and ongoing loan repayments.

American West Metals reports robust drilling results at its Storm Copper Project in Canada and renews momentum at its West Desert Project in Utah, supported by a $7 million capital raise to advance critical metals development.

Narryer Metals advances metallurgical studies at Rocky Gully, revealing a promising dual-path processing flowsheet and a 124% uplift in rare earth grades, while also announcing a significant new titanium discovery at its Muckanippie JV in South Australia.

Belararox Limited has kicked off its 2025/26 field season in Argentina and progressed drilling in Botswana’s Kalahari Copper Belt, supported by a recent A$8.5 million capital raise that strengthens its financial position.

Dateline Resources advances its Colosseum Gold-REE Project with a major drilling campaign, fresh exploration targets, and a $25 million capital raise, positioning for construction in 2026.

MetalsTech Limited has strengthened its balance sheet with a $3.3 million strategic placement and cleared debt, pushing forward the Pre-Feasibility Study for its Sturec Gold Mine in Slovakia. The study is on track for completion by year-end, aiming to unlock significant project value.

Redcastle Resources has formed a strategic joint venture with BML Ventures to fast-track gold production at its Queen Alexandra and Redcastle Reef deposits, while expanding its Eastern Goldfields footprint through major tenement acquisitions.