Latest Mining Sector News

Indiana Resources Limited has announced a proposed capital return of five cents per share, backed by a draft ATO ruling confirming its tax-efficient status. The company plans a $32.2 million cash distribution, maintaining a strong balance sheet post-payment.

Bastion Mining has surpassed the critical 50.1% ownership threshold in Xanadu Mines, removing key conditions from its takeover bid and declaring the offer unconditional.

High-Tech Metals Limited has appointed Tyler Formica to its board following a $2.5 million capital raise, while the company begins its search for a new CEO after not extending Warren Thorne's contract.

Koonenberry Gold Limited has revealed a significant 1.6km strike extension to its Sunnyside gold system at the Enmore Gold Project, highlighted by strong surface assay results including high-grade rock chips. The discovery expands the potential strike length to over 2km, setting the stage for an extensive drilling campaign.

Many Peaks Minerals reports significant expansion of gold mineralisation at its Ferké Gold Project in Côte d’Ivoire, with diamond drilling revealing extensive high-grade zones. The company advances its exploration with multiple rigs and pending assay results.

Legacy Iron Ore Limited announces a significant leadership reshuffle with CEO Rakesh Gupta stepping down immediately and Dr Ranajit Das appointed to lead the company from July 2025. Ben Donovan also joins the board as a Non-Executive Director.

Duketon Mining has identified a significant new gold anomaly at its Killarney Project and is set to commence its first reverse circulation drilling campaign targeting high-grade extensions.

Matsa Resources has confirmed the unconditional status of its A$113 million option agreement with AngloGold Ashanti for the Lake Carey Gold Project, triggered by rising gold prices and strategic payments.

Orion Minerals has obtained a $0.5 million unsecured loan facility from a company linked to its chairman, aimed at bolstering working capital ahead of potential funding events.

Magnum Mining and Exploration Limited reminds eligible shareholders that its non-renounceable entitlement offer closes on 24 June 2025, aiming to raise over $2.2 million to support its strategic growth plans.

ENRG Elements Limited has confirmed the materiality of recent director resignations and appointments, clarifying timing and compliance with ASX disclosure rules.

Hamelin Gold has completed the second tranche of its share placement, issuing new shares to directors and granting options to lead managers, signaling strong backing ahead of its exploration ambitions.