Latest Mining Leases News

Beacon Minerals has agreed to sell its MacPhersons Reward Project to Forrestania Resources for $5 million in cash and 36 million shares, sharpening its focus on core assets near Coolgardie.

Sunshine Metals has released a comprehensive scoping study for its Liontown Gold Operation in North Queensland, outlining a promising initial production target of approximately 75,000 ounces of gold and 654,000 ounces of silver. The study highlights strong financial metrics and a pathway to production by late 2026, with further resource updates expected.

Minerals 260 Limited reports robust drilling results from its 4.5 million ounce Bullabulling Gold Project, highlighting significant high-grade gold intercepts across multiple deposits. A new 30,000 metre drilling program has commenced to underpin an updated Mineral Resource Estimate due mid-2026.

Waratah Minerals has executed a binding agreement to acquire the Ironclad Mining Lease, expanding its Spur Gold Project footprint in New South Wales and unlocking significant gold exploration opportunities.

Forrestania Resources has agreed to acquire MacPhersons Reward, consolidating its Coolgardie gold tenure with a $5 million cash and share deal that supports its shift from explorer to near-term producer.

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.