Latest Project Milestones News

Admiralty Resources has pushed its Mariposa Iron Ore Project into pre-production, completed initial shipments, and raised $7 million in a rights issue, while reporting a $4 million loss for FY25 amid ongoing operational and financial challenges.

Freehill Mining has signed a non-binding MOU with Austral Gold to fast-track copper and copper-gold project development in Chile, leveraging Austral’s operational expertise to boost Freehill’s strategic growth.

Sibelco Silica Pty Ltd has exercised its call option to inject an additional $4.4 million into the Diatreme joint venture, restoring ownership stakes and supporting key project milestones for the Northern Silica Project in Far North Queensland.

Taiko Critical Minerals has secured $7 million through a wholesale placement and launched a $3 million Share Purchase Plan to fund key development stages of its Barrytown Minerals Project, including feasibility studies and regulatory approvals.

Pioneer Minerals has completed a critical airborne VTEM survey over its Springfield Tungsten-Gold-Gallium Project in Idaho, setting the stage for maiden drilling after integrating multiple datasets and securing key approvals.

Riversgold has been granted a 21-year mining lease for its Northern Zone Gold Project near Kalgoorlie, clearing a major hurdle for development and triggering full funding from Mega Resources under a profit-sharing agreement.

Iluka Resources has locked in a long-term supply deal with VHM Limited for rare earth concentrate from the Goschen project, underpinning its Eneabba refinery feedstock with a $40 million convertible note commitment to aid project development.

Australian Silica Quartz Group (ASQ) has finalized its acquisition of Australian Kaolin, gaining control of the White Swan Kaolin Project with a 47Mt inferred resource and an approved mining plan. The company raised $750,000 to advance development and is targeting export markets in Asia.

Akora Resources has placed the remaining $1.54 million shortfall from its entitlement offer and raised an additional $164,000 in a placement, bolstering funds to advance its Bekisopa iron ore project in Madagascar.

Andean Silver has promoted Matthew Allen to Managing Director, cementing his leadership as the company pushes its Cerro Bayo silver-gold project closer to production.

International Graphite Limited has appointed Liam Farley, CEO of Xcelsior Capital, to its board and increased its placement to $4.4 million, reinforcing its strategic push in graphite processing across Australia and Europe.

BauMart has reached a pivotal milestone in its BuildMart Modular project with the delivery of four modular homes to Fremantle, marking a practical demonstration of offsite construction's efficiency and quality.