Latest Mining Sector News

Golden Horse Minerals updates its Southern Cross Project exploration with compelling soil geochemistry results revealing extensive gold anomalies and confirms acquisition of the Irene Betty lease, setting the stage for targeted drilling in 2025.

Mantle Minerals Limited has announced a significant 10-for-1 consolidation of its ordinary shares and performance rights, set to reshape its capital structure by March 2025. This move aims to streamline the company’s share register ahead of renewed market activity.

Gladiator Resources has acknowledged a breach of its Securities Trading Policy following an on-market trade during a Black-Out Period, prompting a review of its compliance framework. The company reassures investors that subsequent trades were compliant and that governance standards remain a priority.

Poseidon Nickel Limited’s shares have been suspended from trading following court approval of Horizon Minerals’ acquisition scheme, marking a pivotal step in the nickel miner’s corporate evolution.

Poseidon Nickel and Horizon Minerals have officially completed their merger via schemes of arrangement, with Poseidon shares suspended and scheme consideration set for distribution next week.

Matsa Resources has advised shareholders to take no immediate action following Patronus Resources’ unsolicited takeover offer, with a formal recommendation expected soon.

Mayur Resources has locked in $11.2 million in funding from Pacific Unison to kickstart production at its Orokolo Bay Industrial Sands Project in Papua New Guinea, targeting 500,000 tonnes of magnetite annually by late 2025.

Patronus Resources has initiated an on-market takeover offer for Matsa Resources at $0.045 per share, representing a significant premium and aiming to consolidate its position in gold exploration.

Terramin Australia has lodged an appeal after the Supreme Court dismissed its mining lease application for the Bird in Hand Gold Project, underscoring the project's significant economic and environmental potential for South Australia.

Premier1 Lithium Limited’s initial sampling at the Abbotts North Project reveals multiple high-grade gold assays, highlighting promising exploration potential in a historically underexplored region.

Sandfire Resources Limited has announced the release date for its December 2024 half-year financial results, scheduled for February 20, 2025, accompanied by a live teleconference and webcast for investors.

The Supreme Court of Western Australia has approved the merger between Horizon Minerals and Poseidon Nickel, setting the stage for a significant consolidation in the nickel sector. Key dates for trading suspension and scheme implementation have now been confirmed.