Latest Mining Tenements News

Cosmo Metals Limited has announced a fully underwritten entitlement offer to raise approximately $1.55 million, aimed at advancing drilling and exploration across its key gold and base metals projects. The offer includes new shares and attaching options, with funds earmarked for multiple projects in Western Australia and New South Wales.

Australian Pacific Coal Limited’s Dartbrook Mine has entered receivership, with the company now assuming no residual value in the asset. Despite this, AQC maintains solvency and continues to explore its options amid ongoing financial challenges.

Variscan Mines has locked in a A$1 million convertible loan note facility to accelerate exploration and development at its Novales-Udías Zinc Project in northern Spain. This funding underpins the company’s strategy to restart production at the high-grade San Jose Mine.

Recharge Metals Limited progresses uranium exploration in the USA and Canada while appointing a new director and maintaining disciplined capital management.

Nagambie Resources and Alkane Resources have entered a binding agreement for a joint venture that could see Alkane invest up to $27.5 million to earn an 80% stake in Nagambie's key mining tenements, leveraging Alkane’s existing processing infrastructure to accelerate production.

LCL Resources reported promising high-grade gold-copper-silver assays from trenching in Papua New Guinea and is actively pursuing lower-risk jurisdiction assets while advancing its Colombian option agreement.

Piche Resources has launched its first reverse circulation drilling campaign at the Cerro Chacón Gold-Silver Project in Argentina, backed by a successful A$2 million capital raise and a strategic confidentiality agreement with a US nuclear utility.

OZZ Resources has entered a binding option agreement with Scorpion Minerals to sell its Maguires Reward project, securing an initial $100,000 fee and potential $2.5 million consideration pending shareholder approval. Exploration activity remained subdued across its portfolio during the December quarter.

Ballard Mining Limited has launched a A$50 million placement to fund extensive drilling and early works at its fully permitted Baldock gold project in Western Australia, aiming for a maiden ore reserve and a final investment decision in 2026.

Forrestania Resources has agreed to acquire key gold tenements from Gibraltar, consolidating its Coolgardie Hub footprint with a $2.5 million share deal plus contingent payments tied to resource discoveries.

Forrestania Resources has formalised its acquisition of the Lake Johnston Project from Poseidon Nickel, marking a pivotal move towards near-term gold production with key infrastructure and contractor engagements.

Marvel Gold Limited has agreed to sell its Yanfolila Gold Project in Mali to Askiya Mineral Resources for up to US$1.94 million, marking a strategic shift to focus on its Tanzanian assets.