Latest Mining Investment News

49 Metals Limited (ASX:49M) raised $10 million in its IPO and began reverse circulation drilling at its Nevada Gold Mountain project, marking its debut quarter as a listed entity.

Auric Mining has appointed Gareth Solly as CEO, aiming to fast-track its transition to a mid-tier gold producer by developing the Burbanks processing facility and expanding operations at Munda.

Lefroy Exploration (ASX: LEX) is launching a focused 4,000m drilling program at its Mt Martin Gold Project to expand its 439,000-ounce resource, alongside an imminent Mineral Resource Estimate update reflecting stronger gold prices and revised economics.

Altitude Minerals confirms high-priority drill targets and secures permits for a 2,600m reverse circulation program at its 100% owned Firenze silver-gold epithermal project in Nevada, targeting a promising 1.2km structural corridor.

Botala Energy has secured a significant A$1.45 million investment from a new African cornerstone shareholder, lifting regional ownership to around 12% and supporting ongoing drilling and feasibility work at its Serowe Coal Bed Methane project.

Midas Minerals has reported a substantial 52m mineralised intercept at its Spaatzu Prospect in Namibia, highlighting widespread high-grade copper and silver mineralisation and advancing its Otavi Copper Project exploration.

Patriot Resources Limited has secured a $500,000 share placement at a 28% premium and entered a 24-month marketing agreement with Next Investors to boost investor engagement for its Tassa Silver Project in Peru.

Cassius Mining’s Ghanaian subsidiary has escalated its damages claim to USD 905 million, citing lost profits from a stalled gold project, as the arbitration hearing looms in June.

Tolu Minerals has locked in a significant A$23.75 million investment from Indonesian heavyweights Petrindo and Petrosea, setting the stage for a major infrastructure push at the Tolukuma Gold Mine ahead of planned production in early 2027.

Lion Selection Group Limited has reported a robust half-year profit of $36.6 million, driven by strategic investments in Australian mining companies amid a resurging resources boom. The company also declared a fully franked dividend, signalling confidence in its portfolio and market outlook.

Energy Transition Minerals' legal battle over the Kvanefjeld rare earths project moves from arbitration to Greenlandic and Danish courts, following a tribunal ruling that imposes significant costs on ETM's subsidiary.

Avenira Limited has obtained a $5 million unsecured loan to fund key mining projects and maintain working capital while awaiting a strategic investment approval.