Latest Mining Sector News

Global Uranium and Enrichment Limited shareholders have decisively approved Snow Lake Resources’ acquisition schemes, setting the stage for Federal Court approval and a significant market transition.

Magnetic Resources NL has strengthened its financial position with a significant equity raise, ending December 2025 with a robust cash balance of $35.4 million. Despite ongoing exploration expenses, the company’s funding runway now extends beyond 18 quarters.

Pioneer Minerals has varied CEO Michael Beven’s employment terms, proposing a fresh grant of 1.2 million Performance Rights under a new Employee Share Incentive Plan, pending shareholder approval in March 2026.

Santana Minerals has cleared key regulatory and operational hurdles for its Bendigo-Ophir Gold Project in New Zealand, with a 30-year mining permit granted and strong drilling results boosting project prospects ahead of targeted mid-2026 construction.

Novo Resources has responded to an ASX price query, attributing recent share price and volume spikes to insider buying and rising gold prices, while confirming no undisclosed material information.

European Resources Limited has accelerated its rare earths exploration and metallurgical programs in Finland, supported by a fully subscribed $1.6 million rights issue and a $546,750 placement. Key drilling and processing initiatives aim to unlock value amid rising global demand for critical minerals.

Euroz Hartleys reports a striking 121% jump in net profit for H1 FY2026, driven by booming equity capital markets activity and rising advisory fees. The company also lifts its interim dividend, signalling confidence amid cyclical market conditions.

Auravelle Metals has reported significant high-grade gold intersections at its Sheoak Prospect in South Australia, extending the gold trend beyond 600 metres and identifying new targets at Sheoak East. Meanwhile, early drilling at its Crown Gold Project in Western Australia confirms extensive gold anomalism, supported by a successful $2.5 million capital raise to fund ongoing exploration.

SSH Group Ltd reports a robust half-year performance with revenue up 25%, operational advances in gold projects, and a new strategic partnership enhancing its mining capabilities.

Sunstone Metals is seeking shareholder approval for a 30-for-1 share consolidation aimed at simplifying its capital structure and enhancing investor appeal. The move follows a recent placement that left the company with over 7 billion securities on issue.

TerraCom Limited has successfully completed a $60 million entitlement offer, surpassing its initial $40 million underwriting and demonstrating strong support from substantial shareholders and management.

Noronex Limited’s ongoing 7,000m drilling program at its Powerline Copper Project in Namibia reveals further copper-silver mineralisation, reinforcing its geological model and partnership with South32.