Latest Nevada News

Minerals 260 has secured an additional $200 million funding package from Franco-Nevada for its 6.2Moz Bullabulling Gold Project, including $170 million in royalty funding and a planned $30 million equity subscription. The deal strengthens project financing, but the future equity raising and higher royalty burden remain important details for shareholders.

Nelson Resources is selling its Woodline and Fortnum exploration projects for up to $1.09 million, including $690,000 in stated cash consideration and contingent Woodline payments. The divestments are intended to sharpen the company’s focus on Gold Point in Nevada and other priority assets.

49 Metals has elevated CEO Phil Carter to Managing Director while shifting Executive Director Oliver Kreuzer into a non-executive and consulting role. The restructure comes with A$265,000 in base pay for Carter and 5 million options exercisable at 25¢ and 30¢.

Viking Mines has hit 14 metres at 0.56% WO3 in the first assay from maiden drilling at its Linka tungsten project in Nevada. The result confirms mineralisation below historic workings, although a duplicate sample returned a lower grade and no resource has yet been defined.

OD6 Metals has extended its Rocket-Big Jim-Spar fluorspar corridor at Quinn in Nevada to approximately 700 metres, with six surface samples returning at least 97% CaF₂ and three reaching 99.9%. The results expand the project’s high-grade story, but remain based on selective rock-chip sampling rather than drilling.

Evion has identified a previously unmined 200m by 200m prospect at its Carp Fluorspar Project in Nevada, just 300m from the historic South Pit. Assays are pending, with geophysical surveys and a potential maiden drilling programme next in line.

Nelson Resources has lodged a Notice of Intent to collect up to 1,000 short tons of remnant mineralised material from the Orleans Mine in Nevada for bulk-scale metallurgical testing. The program could test whether laboratory recovery results translate to commercial-mill conditions, but remains subject to approval, bonding and the appointment of a third-party mill.

Sun Silver has intersected silver-gold mineralisation from surface at its Maverick Silver Project in Nevada, including a higher-grade 1.5-metre zone grading 75 g/t AgEq. The results also extend the project’s antimony story and could influence future mine sequencing studies, although the shallow mineralisation remains only lightly tested.

OD6 Metals has significantly increased the Mammoth fluorspar target footprint at its Quinn Project in Nevada, revealing broad, high-grade mineralisation with assays up to 85.9% CaF2 and preparing for drilling to define the system's scale.

Great Northern Minerals (ASX: GNM) reported a $3.8 million loss for FY26 amid major US acquisitions, including the Iron Butte gold-silver project with a maiden resource of 480,000 oz gold and 11.5 million oz silver, and the Catalyst Ridge rare earths project. The company also completed a $2 million divestment of its remaining Golden Ant interest.

Sun Silver continues to reveal extensive silver and antimony mineralisation at its Nevada Maverick Silver Project, with drill hole MV0004 hitting 89 metres at 70g/t silver equivalent and substantial antimony intervals above the current resource.

Viking Mines has reported high-grade tungsten mineralisation up to 2.7% WO3 at its Long and Terrell Projects in Nevada, expanding the potential of its tungsten portfolio beyond the flagship Linka Project.