Latest Mining Lease News

Scorpion Minerals has secured a $2 million option agreement with Andel Resources, granting exclusive rights to mine and process gold from the Old Prospect tenements, marking a pivotal step from exploration to production.

Chariot Resources has broadened its Nigerian lithium acquisition by adding a key small-scale mining licence and converting three leases to mining leases, extending the acquisition timeline and increasing regulatory costs.

Classic Minerals has restated its 80% beneficial interest in the Forrestania Gold Project, emphasizing that recent acquisitions by Forrestania Resources do not affect its rights, which remain protected amid ongoing Supreme Court litigation.

Alice Queen Limited has clarified the allocation of funds from its $5.77 million rights issue, dedicating over half to Horn Island exploration, while confirming director Jianying Wang’s stake will remain substantial post-raise.

Pure Resources has completed a pivotal sampling program at Garnet Hill, securing over 100 kg of material to underpin its multi-stream US defence materials platform, targeting abrasive garnet, jumbo flake graphite, and rare earth recovery.

Everest Metals Corporation (ASX:EMC) has delivered a maiden JORC Mineral Resource Estimate for its Revere Gold Project in Western Australia, outlining 15 million tonnes at 0.54 g/t gold for 260,780 ounces. The near-surface, open-pit amenable resource spans the Big John and Armstrong deposits, with further drilling planned to expand and upgrade the resource.

Freehill Mining has secured and reviewed the Mineral Resource Estimate block model for its Blanco y Negro copper-gold project in Chile, enabling accelerated underground mine planning and highlighting growth potential amid a strengthening copper market.

Grange Resources edges closer to a long-term mining lease extension for its Savage River North Pit Underground Project, but funding challenges emerge as a major shareholder pulls back support amid volatile markets.

Besra Gold has received conditional renewal terms for its critical Bau Gold Project mining lease, marking progress amid ongoing tenure uncertainties and financial commitments.

Terrain Minerals has launched a substantial induced polarisation survey at its Smokebush Gold Project, aiming to identify new gold-bearing structures akin to the Lightning discovery within untested ground. Results are due alongside a maiden resource estimate in July 2026.

Tartana Minerals revises its corporate presentation to clarify prior disclosures while spotlighting a $4.5 million capital raise to boost copper sulphate production and expand drilling across its Far North Queensland portfolio.

Elevra Lithium's updated scoping study for its North American Lithium mine expansion reveals a faster ramp-up to 338 ktpa spodumene concentrate with stable costs and a significant increase in project value.