Latest Mining Sector News

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.

RocketDNA’s December quarter saw a robust 32% revenue jump, underpinned by new contracts with mining giants BHP and Anglo American, signalling strong momentum for 2026.

Breakthrough Minerals has appointed Nigel Broomham as Managing Director to spearhead resource expansion at its North Queensland Copper-Gold Project, signalling a strategic shift towards development.

Terra Critical Minerals has amended its option agreement with ATHA Energy Corp to fast-track uranium exploration at the Pasfield Lake Project, increasing expenditure and drilling commitments in response to rising uranium prices.

29Metals has successfully closed its institutional entitlement offer, raising approximately $119 million at a notable discount, with a retail offer set to launch later this month. The capital raise aims to fuel key growth projects across its mining portfolio.

Galileo Mining reports a robust cash position and promising exploration progress at its Norseman Project, with high-grade gold and PGE assay results expected soon. A large-scale gravity survey and a 2,000m drilling program underpin plans for an active 2026 exploration campaign.

GoldArc Resources’ maiden RC drilling at Leonora South reveals promising high-grade gold mineralisation at Woodpecker, Whistler, and Niagara West, validating its exploration strategy and setting the stage for a major follow-up campaign.

Mastermyne Group has extended its exclusive distribution agreement with Jennmar Holdings for critical strata consolidation products by a decade, locking in supply until 2047. This move strengthens its foothold in the Australian underground coal mining sector.

Infini Resources has confirmed widespread uranium anomalism across its Reynolds and Reitenbach Lake projects, including standout high-grade results at the Titus Prospect. These findings set the stage for a fully funded maiden drilling campaign in mid-2026.

Eagle Mountain Mining has issued nearly 120 million new shares and 40 million options, raising just over $1 million, but a significant shortfall remains to be placed. The company aims to secure additional funding to advance its Arizona copper-gold projects.

MEC Resources Limited has extended the closing date for its Options Placement Offer to 3 February 2026, adjusting the timetable for issuing and listing new options.