Latest Mining Developments News

Meeka Metals has secured $40 million after costs through a two-tranche institutional placement priced at $0.10 a share, giving the gold producer fresh funding for Turnberry, Mt Holland and exploration. The capital raise comes as provisional September-quarter gold recovery reached 7,000 to 7,500 ounces and the company expects roughly $50 million in cash after the first tranche.

Astral Resources has strengthened its balance sheet and expanded its Mandilla gold resource as it moves from explorer toward developer. The next test is converting deep drilling, permitting progress and a proposed early-production joint venture into funded construction decisions.

WIN Metals has lodged two major Western Australian permit applications covering the proposed restart of its Radio Gold Project. The milestone advances the project toward construction, but funding, approvals and a final investment decision remain outstanding.

Stellar Resources has lifted its Heemskirk tin resource to 115.3kt of contained tin while technical studies move toward a prefeasibility study outcome. The company is better funded, but remains pre-revenue and faces the usual capital, permitting and execution hurdles of mine development.

Rand Mining lifted fiscal 2026 net profit by 82% to A$23.9 million as gold sales rose and Golden Hind delivered its first ore. The result was also helped by a A$8.7 million Raleigh impairment reversal, while higher costs, inventory and development spending reduced cash generation.

Australian Silica Quartz Group is shifting its centre of gravity from exploration to development after adding the 47.3Mt White Swan Kaolin Project. The project has an approved 250,000-tonne-per-year mining concept, but commercial offtake and feasibility work remain ahead.

Peninsula Energy expects to book an approximately US$50 million non-cash impairment against legacy assets at its Lance uranium project in Wyoming. The charge removes value from Mine Units 1, 2 and 3 as the company concentrates capital and technical resources on Mine Unit 4 and future development.

Auric Mining has reported a 4-metre intersection grading 10.49 grams per tonne gold west of its planned Munda open pit, alongside a series of high-grade near-surface results inside the Stage 2 design. The results arrive as pit engineering and Ore Reserve work move towards an expected October release ahead of a planned 2027 mining restart.

Wia Gold has moved Kokoseb from exploration into a proposed mine development backed by a 1.95 million ounce Probable Ore Reserve, A$217 million in equity raised since May and indicative US$360 million debt terms. The funding pathway is substantial, but it still depends on permits, lender approvals and final documentation before construction can fully proceed.

Globe Metals and Mining has completed a bullish bankable feasibility study for its Kanyika niobium project, but the company still needs substantial funding to reach production. A proposed Sinomine transaction and a September mining-development deadline add urgency to the next phase.

Nexus Minerals has more than doubled its Wallbrook Mineral Resource to 631,000 ounces, lifting group resources to 709,000 ounces across Western Australian projects. The expansion comes alongside a $6.53 million FY2026 loss, falling cash reserves and a post-year-end $5.4 million capital raising.

Medallion Metals has shifted from project preparation to execution, with Ravensthorpe fully permitted, Forrestania acquired and Cosmic Boy refurbishment underway. The transition is funded by cash, equity and a US$50 million Trafigura facility, but production delivery and rehabilitation liabilities remain substantial tests.