Latest Resources News

Canyon Resources has locked in a US$140 million syndicated credit facility alongside a AU$24.5 million option exercise by a major shareholder, positioning the company to fast-track operations at its Minim Martap Bauxite Project in Cameroon.

Horizon Minerals has raised A$30 million through a two-tranche share placement, strengthening its balance sheet to fast-track exploration and processing upgrades. The capital injection aims to boost resource drilling and refurbish the Black Swan plant ahead of increased gold production.

Lanthanein Resources has withdrawn from its farm-in agreement on the Lady Grey Lithium Project, signaling a strategic pivot. The company is now focusing on other growth opportunities to boost shareholder value.

Medallion Metals has reported outstanding drilling results from its Kundip Mining Centre, reinforcing confidence in its resource base and growth potential. The company is also advancing exclusive talks to acquire the Forrestania Nickel Operation, a key step in its sulphide development strategy.

McLaren Minerals has completed its Phase 1 drilling program at the McLaren Titanium Project, revealing significant extensions to its mineral sands resource and setting the stage for future growth.

Focus Minerals has agreed to sell its Laverton Gold Project to Genesis Minerals for A$250 million in cash, aiming to boost shareholder value and fund ongoing operations.

Aurumin Limited has reported impressive high-grade gold assay results from its recent drilling at the Gwendolyn deposit, setting the stage for a resource upgrade and advancing development plans at the Johnson Range Gold Project.

AuMEGA Metals Limited is advancing its exploration programs across multiple projects in Newfoundland, backed by a strong capital position and an experienced management team. The company is focused on expanding its mineral resources and uncovering new deposits in a region gaining attention as a new mining district.

AuMEGA Metals has launched an ambitious diamond drilling program at its Cape Ray and Bunker Hill projects in Newfoundland, revealing encouraging early gold results that hint at a larger mineralised system.

Kaiser Reef Limited has marked a milestone with a record-breaking first gold pour exceeding 1,200 ounces at the Henty Gold Mine, transforming the company into a multi-asset gold producer with annual output around 30,000 ounces.

South Africa’s Minister of Mineral Resources has upheld Renergen’s helium extraction rights at the Virginia Gas Project, rejecting an appeal from Springbok Solar and securing the company’s production future.

Trinex Minerals is set to seek shareholder approval for a significant 127:1 share consolidation aimed at streamlining its capital structure and enhancing investor appeal. The move also adjusts options and performance rights accordingly.