Latest Mining Services News

Babylon Pump & Power has called off its planned acquisition of a water pumping and storage business after failing to agree on terms. The ASX-listed company now aims to refresh working capital through a capital raise and lift its trading suspension.

Scorpion Minerals has secured a $2 million option agreement with Andel Resources, granting exclusive rights to mine and process gold from the Old Prospect tenements, marking a pivotal step from exploration to production.

Reach Resources has locked in a binding option with Andel Resources that fully funds mining and processing at Murchison South, with a profit-sharing model and a strategic equity investment.

GoldArc Resources has locked in A$7.2 million through a placement to fast-track exploration along the largely untested 9km Ursus Fault corridor at Leonora North, aiming to expand its 152,000-ounce resource and advance production plans.

Pivotal Metals has kicked off its first modern exploration program at the LaForce copper-nickel project in Quebec, aiming to unlock new targets with advanced geophysical surveys ahead of a planned 2026 drill campaign.

Medallion Metals has unveiled multiple high-grade gold-copper-silver intercepts from its Kundip Mining Centre drilling, boosting confidence in early mine plan stages before underground development begins in August 2026.

Element 25 is making steady progress on its Butcherbird Expansion Project in Western Australia, with major equipment ordered, key contracts nearing finalisation, and project financing advancing toward closure ahead of a Q1 2027 commissioning target.

Develop Global has landed a substantial A$274 million underground mining contract at Core Lithium’s Finniss Project, marking a major shift from Bellevue Gold and boosting its lithium services portfolio.

Barminco, Perenti's underground mining arm, has landed a significant A$850 million contract at Bellevue Gold Project, expanding its Australian footprint and requiring A$75 million growth capital in FY27.

Australian Mines has reaffirmed strong economics for its Flemington Scandium Project, highlighting a robust 28-year mine life and significant leverage to scandium price scenarios.

Aquirian Limited has secured $8 million through a strongly supported placement to accelerate growth of its Drillforce business and support a major $48 million contract at the Lord Byron mine.

Neometals is pivoting towards gold production with a funded JV at its Barrambie Ironclad deposit, while simultaneously progressing a substantial lithium-potash brine project in Utah.