Latest Mining Sector News

Breakthrough Minerals has successfully raised $500,000 through a share placement, reinforcing investor confidence and positioning the company to advance its lithium and gold projects in Australia and Canada.

Mantle Minerals reports encouraging geophysical findings at its Mount Berghaus project, with upcoming gravity surveys set to refine targets near the prolific Hemi gold deposit.

Mastermyne Group Limited reported a 14% rise in EBITDA to $4.1 million for FY25 Q2, even as revenue fell 10% due to operational disruptions at Anglo American’s Grosvenor mine. The company secured key contract extensions and maintained a strong cash position, positioning itself for growth amid sector uncertainties.

FireFly Metals reports a substantial 42% increase in its Green Bay Copper-Gold Project resource, underpinned by strong drilling results and a successful A$73 million capital raise. The company is well-positioned to accelerate development and regional exploration in 2025.

Equus Mining Limited reported a $750,000 final settlement from Andean Silver and is actively exploring new investment opportunities, maintaining a cash reserve of $535,000 as of December 2024.

Many Peaks Minerals has reported significant drilling progress and new high-grade gold targets at its Côte d'Ivoire projects, supported by strong financial backing and strategic leadership appointments.

Volt Group Limited reported a robust 20% increase in FY24 revenue receipts, driven by strong EcoQuip growth and strategic contract wins, while advancing its zero-emission ATEN technology with promising trials underway.

Sayona Mining's latest 2024 drilling results at North American Lithium reveal significant high-grade lithium intersections, underscoring potential resource upgrades and expansions in Québec.

Canyon Resources has completed an extensive drilling campaign at its Minim Martap Bauxite Project and appointed a new CFO, setting the stage for key resource updates and feasibility milestones in 2025.

Strategic Elements Ltd reports a robust cash position and progress across its portfolio of early-stage ventures, including the promising Energy Ink™ technology and autonomous vehicle applications in mining.

Miramar Resources Limited will have its trading suspension lifted on 31 January 2025 following the company’s response to a recent media article. This reinstatement marks a pivotal moment for investors awaiting clarity.

Miramar Resources has responded to media reports about court proceedings involving its Executive Chairman Allan Kelly, clarifying the company is not involved and requesting the ASX lift the trading halt.