Latest Mining Sector News

Arafura Rare Earths secures an ASX waiver allowing eligible shareholders to vote on its upcoming Share Purchase Plan, ensuring broader participation in a key capital raising step.

Carnavale Resources Limited has successfully completed a non-renounceable entitlement offer, raising approximately AUD 2.66 million through the issue of new shares, fully underwritten by Canaccord Genuity.

Santana Minerals has been granted a 30-year mining permit for its Bendigo-Ophir Gold Project in Central Otago, surpassing earlier expectations of a 25-year term and providing long-term operational certainty.

Santana Minerals has been granted a crucial 25-year mining permit for its Bendigo-Ophir Gold Project in New Zealand, paving the way for construction and gold production pending environmental approvals.

Peel Mining Limited reveals a robust high-grade resource base and ongoing exploration in the Cobar Basin, positioning itself for growth amid a dynamic regional mining landscape.

Aspermont’s marketing arm Nexus has secured a key role promoting Timor-Leste’s second mining licensing round, reinforcing its growing influence in global resource sector campaigns.

Austral Resources Australia Ltd is poised to resume trading on the ASX following a successful $40 million placement, marking a significant step in its recovery and future growth plans.

Kore Potash has initiated a formal sale process as it seeks a strategic partner with potash mining expertise for its Kola Project, while also reviewing funding options to support project construction.

Arafura Rare Earths has successfully completed the first tranche of its A$475 million capital raising, issuing 440.6 million shares and securing A$123.4 million before costs. The second tranche, worth A$351.6 million, awaits shareholder approval.

McLaren Minerals Limited has announced a fully underwritten non-renounceable pro-rata entitlement offer to raise approximately $3.6 million, issuing new shares at 1.8 cents each with free-attaching options. The capital raise aims to fund exploration and development activities as the company advances its mining projects.

Savannah Goldfields Limited has explained the late filing of a director’s interest notice, attributing it to an oversight during an entitlement offer. The company affirms its compliance processes remain robust despite the delay.

Premier1 Lithium has successfully closed an oversubscribed renounceable entitlement offer and follow-on placement, raising over $2.17 million to fund exploration at its key Western Australian projects.