Latest Mining News

Patronus Resources has initiated an on-market takeover offer for Matsa Resources at $0.045 per share, representing a significant premium and aiming to consolidate its position in gold exploration.

Firetail Resources has identified several significant electromagnetic conductor targets at its Skyline Copper Project in Newfoundland, marking a major step forward in exploration with promising geological signatures for copper-zinc mineralisation.

Coolabah Metals Limited is undertaking a $3-4 million capital raise to fund the acquisition of Broken Hill Mines Pty Ltd and its subsidiary, aiming to re-list on the ASX and focus on developing the Rasp and Pinnacles Mines.

Lachlan Star has identified a significant new copper drill target at its Basin Creek project in New South Wales, following a detailed Induced Polarisation geophysical survey that revealed a large, chargeable anomaly correlating with recent high-grade copper intercepts.

Bastion Minerals has appointed Allister Caird as CEO and Dr Julian Stephens as Chief of Exploration and Strategy, signaling a strategic push to advance its Canadian copper projects with seasoned leadership.

Gladiator Resources Limited reported a $703,000 net cash outflow for the December 2024 quarter, driven by exploration and evaluation expenses, yet maintains sufficient capital to fund operations into 2025.

Enova Mining has completed a pivotal drilling campaign at CODA Central, uncovering significant zones of rare earth elements and titanium mineralisation. Over 200 samples are now en route to laboratory analysis, marking a key step in the company’s resource development strategy.

Marmota Limited has completed an extensive 91-hole drilling campaign at its Muckanippie project, extending exploration westward based on promising visual heavy mineral feedback. Laboratory assays are expected within weeks, potentially confirming a significant titanium resource expansion.

Brightstar Resources has reported robust high-grade gold assay results from its underground diamond drilling at the Second Fortune Gold Mine, reinforcing the mine’s geological consistency and supporting an imminent resource update.

Pilbara Minerals delivers record production and sales at Pilgangoora but faces statutory net losses due to joint venture investments and expansion costs. The company remains optimistic about long-term lithium market prospects.

KGL Resources Limited has released a comprehensive feasibility study update for its Jervois Copper Project, confirming its technical robustness and financial viability with plans to commence production in 2027. The project boasts a post-tax net present value of A$405 million and aims to produce around 30,000 tonnes of copper annually, positioning itself to capitalize on a tightening global copper market.

Sarama Resources has launched its first large-scale soil geochemistry program in decades at the Cosmo Gold Project, aiming to unlock drill targets across a vast underexplored greenstone belt in Western Australia’s Laverton Gold District.