Latest Permitting And Funding News

Black Bear Minerals’ latest scoping study for its Independence Gold Project in Nevada outlines a low-capital open-pit heap-leach operation with a post-tax NPV of around A$511 million and a rapid 1.4-year payback, based on a portion of the near-surface epithermal resource.

Everest Metals has reported strong progress across its Western Australian projects, including maiden and upgraded resource estimates at Revere, Mt Edon, and Mt Dimer, alongside advancing mining and proprietary processing technology.

IRIS Metals is gearing up for a substantial tungsten drilling campaign in Montana while delivering a fresh lithium-rubidium resource estimate for its South Dakota project, underpinning its North American critical minerals ambitions.

Evion Group will pay a mandatory 3% initial CAPEX levy to Madagascar's government as part of mining permit approvals for its Maniry Graphite Project, aligning with the country’s 2023 Mining Law.

Aureka Limited has secured a three-year, project-agnostic toll milling agreement with the Wedderburn Gold Processing Mill, positioning its Comstock Gold & Silver Project for early production and exploring processing options for its flagship Irvine Gold Project.

Kinetiko Energy has approved a Field Development Plan marking its shift from exploration to production at the Brakfontein gas project in South Africa, aiming to fast-track gas output and secure strategic funding.

Buxton Resources has locked in over A$1.1 million from a UK-led placement to fund its upcoming exploration push at the Madman copper-gold project and other assets.

Theta Gold Mines (ASX: TGM) reports substantial progress on its TGME Gold Project, with major construction activities well underway and critical equipment nearing delivery, reinforcing its path to production in 2027.

Magnum Mining has mapped a substantial 3.3 km² equivalent thorium anomaly at its Wet Mountain rare earths project in Colorado, aligning with historic high-grade assays and setting the stage for initial diamond drilling.

European Resources has significantly expanded the exploration potential at its Korsnäs rare earth project in Finland, increasing the Exploration Target by up to 190% to between 18 and 32 million tonnes at 0.8% to 1.0% TREO. This growth follows new passive seismic survey results and geological modelling extending mineralisation down to -400 m RL.

Elevra Lithium's updated scoping study for its North American Lithium mine expansion reveals a faster ramp-up to 338 ktpa spodumene concentrate with stable costs and a significant increase in project value.

Neometals is pivoting towards gold production with a funded JV at its Barrambie Ironclad deposit, while simultaneously progressing a substantial lithium-potash brine project in Utah.