Latest Mining Tenure News

Bougainville Copper Limited has been officially notified that its Exploration Licence No. 01 is suspended following the Bougainville Executive Council’s approval of a 25-year Large-Scale Mining Lease granted to Bougainville Minerals Limited over the same land.

MGX Resources is set to exit its Koolan Island iron ore operation, selling to Crestlink for $20.2 million upfront plus potential revenue share, while shifting focus to gold development.

Ore Resources has secured an option to acquire six tenements adjacent to its Miriam Gold Project, expanding its landholding along the Miriam Shear Zone and reviving interest in underexplored historical gold prospects.

Besra Gold has received conditional renewal terms for its critical Bau Gold Project mining lease, marking progress amid ongoing tenure uncertainties and financial commitments.

St George Mining has expanded its Araxá rare earths-niobium resource by 75% to 70.91Mt at 4.06% TREO, positioning the project among the world’s largest carbonatite deposits. The company also acquired land for processing facilities and forged new downstream partnerships, supported by Minas Gerais state tax incentives.

Mandrake Resources has identified overlapping placer claims staked by Utah Brine Corporation, linked to Neometals Ltd, on its Utah Lithium Project tenure. Legal demands have been issued to resolve the dispute, which affects a small portion of Mandrake’s 3.3Mt LCE resource.

St George Mining has acquired 166 hectares near its Araxá Project in Brazil to host processing facilities, advancing development of a world-class niobium and rare earths mine. The move supports a fast-tracked pathway to production amid rising global demand.

Reach Resources has completed a significant drilling program at its Murchison South Gold Project and secured two new mining leases, setting the stage for enhanced resource confidence and potential open-pit development.

Torque Metals is advancing its Paris Gold Camp project in Western Australia, moving from exploration to development readiness with a 250,000-ounce gold resource and an aggressive drilling program.

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.

OZZ Resources has entered a binding option agreement with Scorpion Minerals, offering an exclusive chance to acquire its key tenements for $2.6 million plus a gold production royalty. The deal awaits shareholder approval and hinges on several regulatory and operational conditions.

Strata Minerals has commenced its first-ever drilling campaign at the Zelica Gold Project, aiming to validate and extend high-grade gold mineralisation along a 1km strike in Western Australia's Laverton Province.