Latest Pilbara News

Fortescue Ltd has crossed the 75% ownership threshold in Red Hawk Mining, prompting an increase in its takeover offer price from A$1.05 to A$1.20 per share ahead of the March 3 closing date.

Macro Metals Limited has launched its second Indigenous joint venture, Robe River Kuruma Macro Mining, to foster sustainable mining and socio-economic benefits in the West Pilbara region.

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.

Golden State Mining is set to launch a comprehensive gold drilling campaign across its Western Australian projects in 2025, with key heritage approvals underway and promising geochemical results guiding exploration targets.

Fortescue Ltd’s subsidiary FMG Pilbara Pty Ltd has acquired a 66.23% majority interest in Red Hawk Mining, advancing its takeover bid with an increased offer price to incentivize remaining shareholders.

Calix Limited has successfully closed its Share Purchase Plan, raising $2.1 million to complement a prior $20 million institutional placement, strengthening its balance sheet to advance key environmental technology projects.

Burley Minerals Ltd reports significant progress in its Western Australian iron ore projects, highlighted by promising high-grade assay results and imminent drilling campaigns, while actively exploring strategic funding options amid recent sector M&A activity.

Equinox Resources reports robust quarterly progress across its global portfolio, highlighted by exceptional drill results at Mata da Corda and Alturas, underpinned by a solid $2.2 million cash position.

New Age Exploration Limited (ASX: NAE) reports encouraging gold intercepts from its Wagyu Gold Project in the Pilbara, Western Australia, alongside a $1.75 million capital raise to fund further exploration. The latest drilling phases reveal a significant 'sickle-shaped' mineralised zone, reinforcing the project's potential.

GreenTech Metals has launched a significant 4,000m diamond core drilling program at its Whundo copper-zinc project, aiming to substantially increase its resource base. Despite compelling lithium assets, the company remains focused on copper exploration, supported by a recent capital raise.

Sabre Resources advances exploration with promising uranium targets in the Northern Territory and copper-gold anomalies in Western Australia, setting the stage for upcoming drilling campaigns.