Latest Mining Industry News

AKORA Resources has successfully renewed its main tenement PR10430 for the Bekisopa Iron Ore Project, marking a pivotal step under Madagascar’s updated Mining Code and reinforcing the project’s path to production.

XRF Scientific has reported a record half-year performance, driven by robust mining sector demand and strategic sales growth across its divisions.

XRF Scientific Limited reported a robust half-year performance ending December 2024, with revenue edging up 0.3% to $28.7 million and net profit after tax surging 11.8% to $5.0 million, driven by strong consumables sales and international growth.

MLG Oz Limited has delivered a robust half-year performance with a 20.3% increase in statutory revenue and stable workforce numbers, setting the stage for anticipated growth in the second half of FY2025.

MLG Oz Limited posted a 20.5% increase in revenue to AUD 272.9 million for the half-year ended December 2024, driven by strong gold industry activity. However, net profit after tax fell 42.7% to AUD 4.1 million, reflecting margin pressures and higher depreciation costs.

Intelligent Monitoring Group Limited (IMG) has agreed to acquire KOBE Pty Ltd for an initial $6.98 million, aiming to expand its commercial security footprint in Queensland and boost FY25 EBITDA by approximately $2.5 million.

Global Lithium Resources Limited has refreshed its board following the 2025 AGM, appointing Dr Dianmin Chen as Managing Director and CEO to spearhead strategic milestones at the Manna Lithium Project and restore investor confidence.

Riversgold Ltd is set to commence its 2025 drilling campaign at the Northern Zone gold project near Kalgoorlie, following a series of promising high-grade gold intercepts and a mining lease application.

RareX has finalized a critical access agreement with Deep Yellow and secured two additional licenses, enabling a fully optimised drilling program targeting carbonatite intrusions at the Khaleesi Project.

Beacon Minerals has secured key regulatory approvals to launch multiple drilling programs at its Lady Ida Iguana Project, setting the stage for intensified exploration activity over the coming months.

The Supreme Court of Western Australia has approved the merger between Horizon Minerals and Poseidon Nickel, setting the stage for a significant consolidation in the nickel sector. Key dates for trading suspension and scheme implementation have now been confirmed.

Lanthanein Resources has completed diamond drilling at its Lady Grey Project, targeting a significant EM conductor plate aligned with gold anomalies. Approval for further drilling under a higher-grade anomaly sets the stage for potential resource expansion.