Latest Mining Leases News

The week was split between big earnings reactions and small-cap rocks-and-rigs rallies. Pro Medicus sank despite record numbers, while a handful of explorers jumped on fresh discoveries and policy wins.

Explorers led the Materials tape as fresh drill stories and new ground deals pulled buyers into small caps. Big miners still delivered, but the loudest moves came from companies offering investors a near-term catalyst.

Metal Bank Limited has entered a non-binding MOU with Austral Resources to explore toll treatment of ore from the Millennium Project at Austral’s nearby Rocklands facility, aiming to advance a promising copper-cobalt-gold resource in NW Queensland.

Forrestania Resources has completed diamond drilling at its Lady Lila project and initiated drilling at British Hill, marking key steps in its strategy to build a multi-asset gold portfolio in Western Australia.

Gorilla Gold has secured critical drilling permits for its Comet Vale Gold Project, enabling exploration on high-priority, previously untested targets and expanding its resource potential. New tenure acquisition further broadens the project’s footprint in Western Australia.

Torque Metals reports a significant 20-metre intercept grading 5.8 grams per tonne gold at its Paris Gold Project, confirming the deposit as a multi-lode, high-grade system with strong growth potential.

Wildcat Resources has successfully intercepted spodumene in every drill hole at its Bolt Cutter Central lithium discovery in Western Australia, advancing metallurgical testing and exploration plans.

BMG Resources is set to begin a significant 10,000-metre diamond drilling campaign at its Abercromby Gold Project in Western Australia, aiming to grow and upgrade its existing 518,000-ounce gold resource. The drilling will focus on high-grade lodes within the Capital Deposit, with results feeding into mine planning and a scoping study due this quarter.

Zenith Minerals has completed a major drilling program at its Consolidated Dulcie Gold Project, confirming a significant gold system and advancing towards a maiden resource estimate and feasibility study.

St Barbara Limited has expanded its Nova Scotia exploration portfolio with 44 new targets near its 15-Mile Processing Hub, aiming to extend the mine life beyond 11 years. The company has acquired 174 exploration licences and plans extensive drilling and sampling in 2026.

St Barbara Limited reports solid progress on key transactions with Lingbao Gold Group and Kumul Mineral Holdings, aiming to complete deals and trigger a Final Investment Decision for the New Simberi Gold Project by the end of March 2026.

Everest Metals Corporation is progressing rapidly with near-term gold production at its Mt Dimer Taipan and Revere Gold projects while simultaneously developing Australia’s first rubidium industry at Mt Edon. The company reports strong resource upgrades, ongoing mining, and promising pilot plant plans for critical minerals.