Latest Mining Sector News

Cassius Mining Limited is issuing bonus options to eligible Australian and New Zealand shareholders, offering one new option for every eight shares held. These options carry a 3-cent exercise price and expire in mid-2029, aiming to reward loyalty without raising new capital.

The High Court of New Zealand has dismissed Talley’s application to pursue a derivative claim on behalf of Bathurst Resources, maintaining confidentiality around ongoing litigation.

The Supreme Court of Western Australia has approved ACAM GP Limited’s full acquisition of Hartshead Resources via a scheme of arrangement, setting the stage for the company’s ASX suspension and shareholder payouts next month.

Xingye Gold (Hong Kong) Mining Company Limited has opened an off-market takeover bid for Far East Gold Limited at $0.13 per share, offering a significant premium amid stalled projects and funding concerns.

Patagonia Lithium has locked in A$3.4 million through a placement priced at 10 cents per share, attaching options exercisable at 16 cents. The capital injection aims to fund further drilling, resource upgrades, and a lithium carbonate demonstration plant at its flagship Formentera project.

Javelin Minerals has locked in a $1.5 million strategic placement to mining executive David Geraghty at a 9.5% premium to its last share price, boosting exploration funding for key WA gold projects.

The Supreme Court of Western Australia has approved the scheme of arrangement under which Genesis Minerals will acquire Magnetic Resources, triggering trading suspension and setting a clear timetable for share transfers and new listings.

Hammer Metals (ASX:HMX) has voluntarily suspended trading of its shares pending an announcement about a potential material corporate transaction that could change control of the company.

Red Mountain Mining has confirmed outcropping garnet skarn at its Pioneer Tungsten Project in Montana, with magnetic modelling revealing promising subsurface granodiorite bodies. Assay results are due soon, setting the stage for potential drill testing.

PLC Resources has initiated a government-backed airborne geophysical survey at its Abbotts North Gold Project, setting the stage for new target identification while awaiting assay results from its maiden drilling at Rochefort.

The Supreme Court of New South Wales has approved schemes of arrangement that transfer Nova Minerals' ownership to a new US holding company, with ASX trading set to suspend immediately.

Iron Bear Resources has applied for its Labrador Trough iron ore project to be designated a Project of National Significance under Canada's new Building Canada Act, aiming to fast-track approvals and financing.