Latest Mining News

Red Hawk Mining has issued a supplementary target's statement endorsing FMG’s increased $1.20 per share takeover offer, with FMG now holding a commanding 78% stake. The directors urge shareholders to accept the offer ahead of the March 3 closing date, citing the absence of superior proposals.

Fortescue Ltd has increased its takeover offer for Red Hawk Mining to $1.20 per share after securing acceptance from major shareholders, pushing its stake to approximately 78%. This move triggers the offer’s increased price condition and sets the stage for Red Hawk’s likely delisting from the ASX.

Aruma Resources has confirmed a compelling exploration model for its Cypher Uranium Prospect in South Australia, positioning it as a priority target amid a surging uranium market. The company plans a systematic exploration program to unlock the prospect’s potential.

Altair Minerals unveils its strategic exploration projects in Peru's prolific Venatica copper belt and Australia's Olympic Domain, aiming to unlock major copper-gold deposits with a seasoned technical team at the helm.

Strickland Metals has reported multiple high-grade gold intercepts from its Gradina Prospect in Serbia, confirming extensive mineralisation and paving the way for a maiden Mineral Resource Estimate later this year.

Meteoric Resources reports exceptional rare earth element grades and enriched magnetic rare earth oxides at its Agostinho Prospect in Brazil, signaling a potential expansion of its Caldeira Project resource base.

Brightstar Resources has reported compelling high-grade gold intercepts from its 2024 diamond drilling at the Lord Byron deposit, reinforcing the potential for expanded mining operations at Jasper Hills.

James Bay Minerals reports standout Phase 1 drilling results at its Independence Project in Nevada, revealing gold grades more than double previous estimates and a significant 520m mineralisation extension. The company is gearing up for a promising Phase 2 drill campaign in 2025 targeting high-grade zones at Rebel Peak.

Evion Group has successfully raised $1.33 million through a rights issue, positioning itself to accelerate production at its Panthera JV in India. The company also announced a bonus options offer to reward shareholders and support future expansion.

Dynamic Metals has secured approval to commence an extensive Reverse Circulation drilling campaign at its Cognac West gold prospect, targeting high-grade anomalies identified in recent sampling. The program, set to begin in early 2025, aims to unlock significant gold mineralisation in Western Australia’s Widgiemooltha region.

Neometals Ltd has launched its maiden gold drilling program at the Barrambie Gold Project in Western Australia, marking the first such effort in two decades. The program aims to validate historic high-grade gold mineralisation and explore new targets within a richly prospective greenstone belt.

Aurumin Limited announces a significant 33% increase in its Plum Pudding gold resource at the Central Sandstone Project, supported by encouraging recent drilling results that reinforce the project's potential for future gold production.