Latest Mining Sector News

Lodestar Minerals has raised $520,000 through a share placement to fund its inaugural reverse circulation drilling at the Darwin gold project in Chile, signaling a pivotal step in its exploration strategy.

Lotus Resources has fast-tracked the restart of its Kayelekera uranium project in Malawi, targeting production by Q3 2025, backed by a $132 million capital raise. Meanwhile, its Letlhakane project in Botswana reports a 65% increase in measured and indicated uranium resources.

SciDev Ltd reports a seasonal revenue dip in Q2 FY25 due to US Oil & Gas sector uncertainty but marks a strategic milestone by securing its first PFAS treatment contracts in Europe.

Ronin Resources has made significant strides in its exploration portfolio, applying for a large gold-silver project in Argentina and raising $461,500 to fund its development. The company also reports steady cash reserves and ongoing efforts to expand its business opportunities.

NuCoal Resources Ltd is pursuing a listing on the National Stock Exchange (NSX), aiming to restore active trading of its shares currently suspended on the ASX. The company targets submitting its full application by January's end, signaling a strategic shift in its market presence.

Torque Metals and Aston Minerals have confirmed key terms of their all-scrip merger, appointing an independent expert to assess fairness. Aston shareholders will receive one Torque share for every 5.2 Aston shares held.

Torque Metals and Aston Minerals have updated shareholders on their merger, confirming the share exchange ratio and appointing an independent expert to assess the deal's fairness.

Adriatic Metals delivered a strong Q4 2024 with 934koz silver equivalent produced, setting the stage for commercial production at Rupice Mine in Q1 2025. The company’s financial footing and expansion plans signal confidence in scaling operations.

BauMart Holdings reports meaningful progress in expanding its distribution networks and strategic collaborations during the December 2024 quarter, positioning itself for growth across Indonesia, Australia, and the mining sector.

Mont Royal Resources Limited reported a stable cash position of $1.75 million at the end of December 2024, despite significant outflows on exploration activities during the quarter.

Grange Resources delivered a robust December quarter with increased pellet and concentrate output, a stronger cash position, and key advancements in its North Pit Underground Project.

Gullewa Limited reports steady progress on its Hunter Valley subdivision and South Darlot gold exploration, alongside a significant royalty payment from Silver Lake Resources.