Latest Mining Sector News

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.

Golden State Mining has appointed Keith Middleton as Managing Director and CEO, bringing over two decades of mining sector expertise and a strategic vision for growth. His leadership comes with a significant share-based incentive, signaling a new chapter for the exploration company.

SciDev Limited has secured a $19.5 million contract to design and build a groundwater treatment plant for the Rum Jungle Rehabilitation Project, tackling contamination from historic uranium mining near Darwin.

Piche Resources Limited has voluntarily suspended trading of its shares pending a crucial update on its capital raising efforts, expected by early next week.

Bellavista Resources has appointed former De Grey Mining executives Glenn Jardine and Peter Canterbury as Managing Director and Finance Director, aiming to leverage their proven track records to accelerate exploration and development.

LCL Resources Limited faces suspension from ASX trading due to failure to lodge a required periodic report on time, raising questions about the company’s compliance and operational transparency.

De.mem Limited has completed its $3 million acquisition of Core Chemicals, a specialty chemical supplier to Western Australia's gold mining sector, significantly expanding its market footprint and boosting pro-forma EBITDA to $1.6 million.