Latest Mining Sector News

Critical Resources Limited has successfully completed the first tranche of its capital raising, securing $1.605 million through a substantial share and option issuance. The company now awaits shareholder approval for the second tranche, which involves director participation.

Cobre Limited has voluntarily suspended its ASX trading to finalise details of a significant acquisition and placement, with an announcement expected imminently.

Evolution Mining Limited has announced a fully franked ordinary dividend of AUD 0.20 per share for the half-year ending December 2025, accompanied by a Dividend Reinvestment Plan with no discount.

Nagambie Resources has formally issued a Right of First Refusal notice to Southern Cross Gold, setting a March deadline that could determine the fate of its proposed joint venture with Alkane Resources.

DeSoto Resources has significantly expanded its footprint in Guinea’s prolific Siguiri Basin by acquiring three new reconnaissance projects and advancing multiple exploration programs across its portfolio.

Altamin Limited has obtained a retrospective Environmental Impact Assessment approval for its Gorno Project in Italy, strengthening its regulatory footing and supporting strategic options for development.

High-Tech Metals Ltd has completed a $750,000 placement by issuing 3 million shares, aiming to strengthen its working capital and advance exploration at its Mt Fisher and Mt Eureka projects.

Conico Ltd is set to raise $85,000 through a follow-on share placement at $0.008 per share, targeting strategic shareholders to meet excess demand from its recent entitlement offer.

Estrella Resources has ramped up extraction at its Ira Miri manganese project in Timor-Leste, targeting a significant 30,000 tonne market sample as it advances towards commercial production.

Aruma Resources Limited has had its AAJOA securities suspended from ASX quotation due to non-compliance with listing rules, raising questions about the company’s regulatory standing.

MGX Resources has completed its $50 million acquisition of a 50% stake in the Central Tanami Gold Project, positioning itself for a major push in one of Australia's highest-grade gold ventures.

Impact Minerals has identified a promising standalone process to produce sulphate of potash and hydrochloric acid from lake clays in Western Australia, potentially reducing reliance on imports and addressing local industrial demand.