Latest Mining Lease Renewal News

Greenwing Resources updates its strategy for the Que River Project, combining a renewed mining push with an innovative plan to develop digital infrastructure on site.

Quantum Graphite has extended its Uley 2 Project mining leases for 21 years, underpinning long-term development plans while showcasing its innovative TES Graphite Cells technology at a major energy conference. Financing discussions are progressing to potentially integrate downstream processing, signalling a pivotal phase for the company.

Besra Gold Inc has updated its Bau Gold Project resource estimate and is intensifying efforts to secure critical mining lease renewals, while restructuring its operations to sharpen capital discipline and technical oversight.

St Barbara Limited has agreed to sell a 20% interest in its Simberi Gold Project to Papua New Guinea’s Kumul Mineral Holdings for A$100 million, forming a strategic joint venture that aligns with PNG’s resource ownership goals.

Besra Gold Inc reveals significant challenges at its Bau Gold Project, including mining lease renewal uncertainty and a reduction in measured gold resources, prompting a strategic pivot to government and community engagement before advancing development.

Besra Gold Inc has updated its Bau Gold Project resource to 2.28 million ounces and is intensifying efforts to renew a critical mining lease, signaling a strategic reset for the company.

Besra Gold Inc has updated its Bau Gold Project mineral resource to 2.28 million ounces, reflecting refined assumptions and a more robust project foundation despite a reduction in total ounces. This revision sets the stage for a detailed technical review and lease renewal negotiations.

Green & Gold Minerals has initiated a dual-rig drilling campaign at its Chillagoe Gold Project, aiming to grow its existing resource base and define a maiden resource at Little Wandoo. Initial assay results are anticipated within four weeks.

St Barbara Limited has secured approximately A$58 million through an institutional placement to fund its Simberi Expansion Project and advance the 15-Mile Processing Hub in Nova Scotia. This capital raise supports the company’s growth ambitions amid ongoing regulatory and operational developments.

St Barbara Limited reported a $52 million underlying loss for FY25, driven by investments in its Simberi Expansion Project and operational challenges. The company classified its Atlantic operations as discontinued, recognizing a $38 million impairment, while completing a $100 million capital raise to support growth.

Besra Gold has appointed a new, experienced Board and advanced drilling and metallurgical trials at its Jugan deposit, while awaiting a critical mining lease renewal.

St Barbara Limited reports steady gold production and strong financials while progressing the Simberi Expansion Project, though a PNG tax dispute delays funding decisions.