Latest Mining Sector News

Strickland Metals has launched a new exploration campaign targeting a large porphyry copper-gold system at its Rogozna Project in Serbia, supported by advanced geophysical surveys and strong funding.

Polymetals Resources Ltd has successfully completed a $15 million equity raise to replace debt and support the production ramp-up at its Endeavor Mine in New South Wales.

Eastern Metals updates its proposed acquisition of Raptor Resources, shifting to a takeover bid or scheme of arrangement, alongside a $4-5 million capital raise via share placement.

Spartan Resources shareholders have overwhelmingly approved Ramelius Resources’ proposed acquisition scheme, clearing a major hurdle toward the deal’s completion. The transaction now awaits final court approval before implementation.

Athena Resources has partnered with Warradarge Energy and Fenix Resources to launch the Mid West Green Iron Project, aiming to produce sustainable green iron using ultra-high-grade magnetite and renewable hydrogen in Western Australia.

Spartan Resources shareholders have overwhelmingly approved the proposed acquisition by Ramelius Resources, clearing a major hurdle for the deal. The next step is court approval, with the transaction expected to complete by the end of July.

Spartan Resources held a pivotal Scheme Meeting to decide on Ramelius Resources' proposed acquisition, with the board unanimously backing the deal. The transaction offers Spartan shareholders a mix of cash and Ramelius shares, pending court approval.

Argosy Minerals has completed a $2 million capital raising led by Evolution Capital, following an ASX inquiry into recent trading activity. The company affirmed the materiality of the placement and its compliance with continuous disclosure rules.

Bryah Resources has lodged a formal application with the Takeovers Panel alleging breaches of takeover laws by shareholders linked to GBA Capital and Yonglu Yu, amid a looming boardroom showdown.

Aguia Resources has locked in $2.687 million in loan commitments, including a $500,000 stake from its Executive Chairman, to fund ongoing mine development and exploration in Colombia. The loans feature convertible terms and options issuance, pending shareholder and ASX approvals.

Australian Rare Earths Limited (ASX, AR3) has acquired exploration license EL6895, adding 972 km² to its Overland Uranium Project and uncovering significant near-surface uranium potential from historic data. Drilling is set to resume in July 2025 to test this promising new target alongside existing deeper uranium prospects.

Pacgold has identified a compelling IP chargeability anomaly coincident with a magnetic bullseye at its White Lion Prospect, echoing signatures seen at the Mt Leyshon gold deposit. Drilling is planned for Q4 2025 following heritage clearances.