Latest Mining Lease News

Austral Resources Australia Ltd has agreed to acquire the Lady Loretta mine from Glencore for A$45.5 million, consolidating its copper assets near the Lady Annie Copper Mine and boosting its processing feedstock. This strategic move strengthens Austral’s balance sheet and advances its vision to become a mid-tier copper producer in Queensland.

Mount Hope Mining has completed Phase 1 drilling at its Mt Solitary Gold Project with promising high-grade gold results and has commenced Phase 2 drilling, backed by a $1.23 million capital raise to accelerate exploration along the 7.5km MS2 Gold Corridor.

Lunnon Metals has completed a detailed Feasibility Study for its Lady Herial gold deposit, outlining a robust, short-life open pit mine with strong pre-tax cash flows exceeding $40 million. The project is fully permitted and poised for imminent development.

Wildcat Resources has significantly expanded its Bolt Cutter Central lithium discovery with strong high-grade intercepts and progressed the Definitive Feasibility Study at its Tabba Tabba Project, alongside securing a strategic tenement and executing a Native Title Agreement.

Terrain Minerals has restarted its reverse circulation drilling campaign at the Smokebush Gold & Silver Project in Western Australia, aiming for a maiden resource estimate by mid-2026. The program targets the Lightning and Wildflower prospects with over 6,800 metres planned.

High-Tech Metals has resumed its second phase of drilling at the Wagtail Gold Deposit, following promising initial assay results that confirm shallow, high-grade gold mineralisation. The ongoing program aims to refine resource confidence and support near-term development plans.

Brightstar Resources has secured key regulatory approvals for the Lady Shenton open pit mine in Menzies, positioning the company to accelerate production within its Goldfields Hub. The deposit is now 'mine ready' and will feed into Brightstar’s planned Laverton processing plant.

RareX Limited has achieved a major regulatory milestone with the granting of a Mining Lease for its Cummins Range Project in Western Australia, significantly reducing development risk and paving the way for focused metallurgical optimisation and mine planning.

High-Tech Metals is targeting a Wagtail-scale gold discovery at the untested Bullock prospect while fast-tracking financial studies to bring Wagtail and Damsel deposits closer to production.

New Murchison Gold Limited reports significant high-grade gold intercepts from recent drilling at its Lydia Gold Prospect, expanding mineralisation near its flagship Crown Prince Gold Mine. The results pave the way for resource upgrades and potential rapid development leveraging existing infrastructure.

Zenith Minerals reports encouraging assay results from its Consolidated Dulcie drilling program in WA, confirming gold mineralisation consistent with its July 2025 Exploration Target and revealing high-grade intercepts. The company targets a maiden JORC Mineral Resource Estimate by late February 2026.

Leeuwin Metals has kicked off a substantial drilling program at its Marda Gold Project in Western Australia, aiming to grow its existing 342,000-ounce gold resource by targeting promising extensions and electromagnetic anomalies.