Latest Resources Sector News

Besra Gold has appointed David Potter as Chair and Sean Williamson as Director, bolstering its board with seasoned expertise as it transitions from exploration to gold production at the Jugan Project.

Mount Burgess Mining announces the immediate resignation of long-serving Chairman Nigel Forrester due to ill health, appointing Dr. Steve Lennon as the new Executive Chairman to steer the company forward.

Babylon Pump & Power has successfully closed its institutional entitlement offer, raising over $1 million through the issuance of 271 million new shares. A retail entitlement offer is set to follow, providing existing shareholders another chance to participate.

NRW Holdings faces a significant threat to its $113.3 million secured debt after the South Australian Government proposed legislation that could invalidate key lease agreements underpinning its security interests in Whyalla Ports.

Babylon Pump & Power is set to acquire Matrix Hydro Services, enhancing its water management capabilities in Western Australia’s mining sector, supported by a $3.5 million entitlement offer.

Asra Minerals has kicked off a targeted 1,300-metre drilling program at its Leonora South Gold Project, aiming to extend high-grade gold mineralisation at the Orion and Sapphire deposits. The company also strengthens its leadership with a new CFO appointment.

NEXION Group Ltd reported a 5.45% revenue increase to $1.16 million for Q1 2025, driven by new satellite communication projects in Western Australia's iron ore sector and a strategic reduction in operating costs.

Santa Fe Minerals advanced its exploration efforts in the March quarter, expanding gold anomaly footprints at Challa North and deploying high-resolution drone magnetics at Watsons Well to refine vanadium-titanium-iron targets.

Trinex Minerals has identified promising lithium soil geochemistry trends at its Dudley Lithium Project and secured approvals for drilling, while completing a key share issuance for its Canadian East Yellowknife Lithium Project.

Albion Resources has made significant strides at its newly acquired Yandal West Project, identifying seven key geophysical targets and gearing up for a mid-year drill campaign under new CEO Peter Goh.

Infinity Mining Limited reported a challenging quarter with net cash outflows from operations and investing, but bolstered its liquidity through a $1.87 million equity raise and plans to divest Western Australian projects.

Petratherm Limited has confirmed a significant titanium-rich heavy mineral sands discovery at its Muckanippie Project, with drilling extending mineralisation over 15 square kilometres and a recent $8.1 million placement to accelerate development.