Latest Mining News

Sunstone Metals secures $10 million in a discounted placement led by DGR Global, which gains a 10% shareholding and board representation to accelerate exploration at high-potential Ecuador projects.

Audalia Resources (ASX: ACP) is seeking to raise $450,000 through a placement of 15 million shares at 3 cents each, aiming to fund the Medcalf project’s progression and shore up working capital.

Hawk Resources has confirmed significant near surface copper, silver, and molybdenum mineralisation in drill hole DD26CT004 at its Cactus project in Utah, extending the known mineralised zone southeast along the Cactus Corridor. Drilling is set to resume in July 2026 to test further extensions.

Verbrec has secured a $21 million contract to upgrade the McArthur River Pipeline, enabling commercial gas flow from the Beetaloo sub-basin and bolstering Northern Territory's energy security.

Asara Resources has adjusted its $60 million institutional placement after Barbet LLC FZ reduced its subscription significantly, with the balance placed to other investors to keep the raise on track. The funds will accelerate drilling and development at the Kada Gold Project in Guinea.

Ballymore Resources has expanded its gravity survey at the Ruddygore Project, revealing several high-priority targets beyond its flagship Torpy’s discovery. The results validate prior drilling and set the stage for a busy exploration campaign backed by government funding.

New Talisman Gold Mines commissioned its processing plant and secured commercial offtakes while reporting a $2.26 million net loss in FY26. The company is refocusing on geological modelling and targeted drilling to boost resource confidence and production.

Viking Mines has agreed to sell its non-core First Hit Gold Project in Western Australia to First Au Limited for up to $5 million, allowing it to concentrate resources on its flagship Linka Tungsten Project in Nevada with drilling imminent.

Toubani Resources (ASX: TRE) is acquiring a near 20% equity interest in Avanti Gold (CSE: AGC) via a share swap, gaining exposure to the Misisi Gold Project in the DRC with a 3.1 million ounce inferred resource.

Astral Resources has reported significant deep gold mineralisation extending well below the current Theia Deposit resource at its Mandilla Gold Project, alongside ongoing in-fill drilling to upgrade open pit resources.

Benz Mining’s latest drilling at Glenburgh’s Icon Camp continues to underpin a multi-million-ounce gold target, delivering thick high-grade intercepts and expanding mineralised zones towards Apollo.

Pan African Resources has issued over 102 million new shares as part of the settlement for its acquisition of Emmerson, increasing its total issued shares to more than 2.4 billion ahead of trading commencing on 1 July 2026.