Latest Mining Sector News

DMC Mining confirms its exploration permits in Guinea remain unaffected amid a government crackdown on non-compliant mining licences. The company welcomes regulatory reforms aimed at boosting investor confidence and is poised to start exploration once permits are granted.

Adriatic Metals has confirmed ongoing discussions with Dundee Precious Metals regarding a possible takeover offer, marking the start of a formal offer period under the UK Takeover Code. While talks continue, no firm offer has yet been made.

Iltani Resources has raised $1.8 million through a share placement and launched a $1 million Share Purchase Plan to fund exploration at its promising Orient Silver-Indium Project.

Gold Road Resources has secured a crucial regulatory green light as the Foreign Investment Review Board approves Gold Fields’ acquisition scheme. The deal now moves closer to shareholder and court approvals.

Ardea Resources has received a $1.2 million R&D tax incentive rebate from the Australian Government, reinforcing its innovative work at the Kalgoorlie Nickel Project and strengthening its financial position.

The ASX has formally queried Bougainville Copper Limited following an unexpected surge in its share price and trading volume, seeking clarity on any undisclosed information that might explain the market activity.

Sunstone Metals Ltd has had its trading suspension lifted following a Federal Court decision and the release of a cleansing prospectus, signaling a fresh chapter for the mining company on the ASX.

Bryah Resources has requested an immediate suspension of its shares on the ASX as it prepares to announce a significant acquisition. The suspension follows a recent trading halt and is expected to last until the announcement or the resumption of trading on May 21.

Visionflex Group has landed a significant contract with BHP to deploy its telehealth technology across 13 remote medical centres and a HEMS aircraft in Western Australia, aiming to revolutionize healthcare delivery for mining workers.

Lindian Resources has assured investors that its bauxite projects in Guinea remain untouched by recent government mining license cancellations, underscoring stable progress despite regulatory upheaval.

Emu NL’s recent shareholder meeting saw all attempts to remove or elect new directors decisively rejected, reinforcing board stability as the company completes a planned capital raise.

Wayburn Holdings has lodged a formal application with the Takeovers Panel challenging the integrity of Emu NL’s recent extraordinary general meeting vote, citing undisclosed share placements and opaque proxy handling.