Latest Nickel Resources News

Resource Mining Corporation has locked in a $5 million convertible securities facility to fund its expanding exploration programs across Tanzania, Saudi Arabia, and Finland. The initial $1.3 million drawdown supports ongoing copper-gold drilling and new gold ventures.

Legacy Minerals reports a robust Stage 1 Scoping Study for its Drake Project, confirming strong economics and production potential, while inaugural drilling at the Thomson Project and a $7.75 million capital raise set the stage for accelerated exploration.

WIN Metals Ltd has significantly expanded its Butchers Creek gold resource, boosting indicated ounces by 86% and advancing the project towards economic evaluation. Concurrent exploration successes and strategic asset sales underpin the company’s focused growth strategy.

Mantle Minerals has agreed to sell its Mt Roe gold project subsidiary for $13.5 million, marking a pivotal step in its growth strategy. The company also secured a government drilling grant for its Mt Berghaus project and raised $250,000 to support ongoing operations.

Nico Resources Limited reported steady progress on its Wingellina nickel-cobalt project despite challenging market conditions, completing a $1.1 million share placement and advancing metallurgical and drilling programs.

Mantle Minerals has agreed to sell its Mt Roe subsidiary to Northern Star Resources for $13.5 million, freeing up capital to accelerate exploration at its key Yule River and Pardoo projects while pursuing new opportunities.

Bryah Resources has formalised its acquisition of the Golden Pike high-grade gold and antimony project in New Brunswick, marking a strategic expansion into a promising Canadian mining jurisdiction.

Duketon Mining Limited has executed an option agreement to acquire 100% of the Killarney Gold Project, confirming high-grade gold results from historic and recent sampling. Concurrently, the company updated its nickel resource estimates at Rosie and C2, reinforcing its position in the Mount Magnet region.

WIN Metals has sold its non-core nickel rights and infrastructure at Munda to Auric Mining for $1.4 million, redirecting capital to advance its Butchers Creek Gold Project in the Kimberley region.

Western Mines Group is set to restart exploration drilling at its Mulga Tank nickel project in Western Australia, leveraging recent capital raises and government grants to target high-grade nickel sulphide mineralisation and expand its resource base.

Legacy Minerals has lodged an exploration licence application over the Nico Young nickel-cobalt deposit in NSW, securing a nationally significant resource with no acquisition cost. This strategic move positions the company to capitalize on future nickel and cobalt market recoveries.

Lunnon Metals’ Managing Director Edmund Ainscough is set to present the company’s latest exploration milestones, highlighting the promising Lady Herial gold discovery and robust nickel assets in Western Australia.