Latest Mining Industry News

Dundas Minerals has secured $2.5 million to fund extensive drilling across its Western Australian gold portfolio, exercised its option to acquire the Rockland mining lease, and expanded the Romano project with a new exploration licence application near Gruyere.

Minerals 260 has locked in a $220 million funding deal with Franco-Nevada, combining royalty and equity financing to fast-track its 4.5Moz Bullabulling Gold Project. Strong drilling results and accelerated project work underpin a development timeline targeting first production by end 2028.

Deep Yellow Limited has accelerated development at its flagship Tumas uranium project in Namibia, nearing construction readiness with significant engineering and earthworks milestones. Exploration success at the nearby Tinkas Prospect and strategic leadership appointments position the company well amid a strengthening uranium market.

Brightstar Resources has wrapped up its largest-ever processing campaign under the Genesis Minerals Ore Purchase Agreement, delivering nearly 8,000 ounces of gold and $53 million in gross revenue. This milestone strengthens Brightstar’s financial position ahead of its own processing plant construction and mine restarts in 2027.

Fortescue Ltd (ASX: FMG) is fast-tracking the deployment of the world’s first large-scale, fully integrated green energy grid dedicated to heavy industry, aiming to eliminate diesel use across its Pilbara operations by early 2027 and full completion by 2028.

Macarthur Minerals Limited (ASX:MIO) has obtained Program of Work approval from the Western Australian Department of Mines, enabling bulk sampling and infrastructure development at its Lake Giles Iron Project. This milestone supports the company’s strategic progression toward potential production.

Latitude 66 Limited has lodged Exploration Permit applications for its KSB Project in northern Finland following a recent amendment to the Finnish Mining Act. The permits, expected in Q2 2026, will secure tenure for the project and enable further development and exploration activities.

Perenti Limited has appointed Dr Vanessa Torres as its new Managing Director and CEO, succeeding Mark Norwell. With over 25 years of global mining leadership experience, Torres is set to lead Perenti into its next chapter of growth and diversification.

GoldArc Resources has secured a key tenement adjacent to its high-grade Whistler and Woodpecker South prospects in the Kookynie Goldfields, expanding its Leonora South project at a modest cost. This acquisition complements ongoing drilling programs that have already delivered impressive gold assay results.

Duratec Limited has delivered its strongest half-year performance to date, reporting record revenue and gross profit across its diversified engineering and construction services. The company’s investor briefing highlighted robust order books, strategic growth in Defence and Energy sectors, and expansion into new regional markets.

Eagle Mountain Mining secures a major milestone as Nittetsu Mining's board approves a joint venture deal to develop the Oracle Ridge copper-gold project in Arizona, with binding agreements expected soon.

Javelin Minerals has launched a targeted drilling campaign at its Eureka Gold Project in WA, aiming to extend high-grade gold mineralisation and capitalise on a newly expanded mining lease. The company is poised for near-term production under a joint venture with MEGA Resources.