Latest Mining Sector News

Lode Resources has finalized the sale of its Webbs Consol silver project to Rapid Critical Metals, securing $3.75 million in cash, $8 million in shares, and a royalty stake, fueling its exploration push in silver and antimony.

Variscan Mines has completed a detailed 3D laser survey at its Udías Mine, revealing extensive under-explored zones and confirming a geological connection to the San Jose Mine. This breakthrough supports ongoing drilling and promises to enhance future resource estimates and mine planning.

Bayan Mining And Minerals Limited’s BMMO securities have been suspended from ASX trading due to non-compliance with listing rules, raising questions about the company’s next steps.

Rapid Critical Metals has agreed to acquire the high-grade Webbs Consol Silver Project from Lode Resources, significantly boosting its silver resource base and market presence.

Dynamic Metals Limited has identified a significant gold-in-soil anomaly at its Courvoisier prospect within the Widgiemooltha Project, signalling promising potential for bedrock-hosted gold mineralisation. Meanwhile, assay results from recent drilling at Chalice South are eagerly awaited.

Desert Metals has confirmed significant gold mineralisation over a 1.2km strike at its King Kong prospect in Côte d’Ivoire, underpinning plans for expanded exploration across its Adzope project.

Gold Road Resources Limited shares have been suspended from the ASX following court approval of its acquisition by Gruyere Holdings Pty Ltd, marking a pivotal step in the gold miner’s corporate journey.

The National Court of Papua New Guinea has dismissed litigation brought by offshore-funded landowners against Bougainville Copper Limited, ordering indemnity costs in the company’s favor.

Gold Road Resources has received Supreme Court approval for its Scheme, triggering a fully franked special dividend payable to shareholders in early October.

Gold Road Resources’ acquisition by Gold Fields has been legally approved, triggering a special dividend and final scheme payments to shareholders. Trading of Gold Road shares will be suspended as the deal moves to completion.

Future Metals NL has responded to an ASX price query following a sharp rise in its share price and trading volume, confirming no undisclosed information but highlighting progress on appointing a new CEO.

Everest Metals Corporation Ltd has completed a $4 million capital raise through a share placement, issuing over 38 million new shares to sophisticated investors. The move, approved by shareholders, strengthens the company’s financial position without triggering additional disclosure requirements.