Latest Resources News

CZR Resources has declared its all-scrip offer for Zuleika Gold best and final after lifting voting power to 72.45%, while confirming the structure of a proposed $15 million buy-back. The takeover consideration will not increase unless a competing proposal emerges, leaving the 6 November closing date as the next key deadline.

Freehill Mining has secured A$600,000 from a placement and launched a further A$606,943 entitlement offer as September aggregate sales reached a record A$506,121. The funding will support Islón plant upgrades, working capital and permitting for the Blanco y Negro copper-gold project.

Aurelia Metals delivered a sharply stronger FY26, with revenue, EBITDA and net profit rising as Federation entered commercial production and gold output exceeded revised guidance. The next test is whether the company can convert that momentum into higher throughput while managing costs, safety and execution risk.

Gateway Mining will elevate Richard Pugh to managing director and install Anthony McClure as chair after its November AGM, as the company prepares to intensify exploration at Yandal. The leadership reset comes with a $340,000 fixed package for Pugh and 15 million performance rights tied to share-price hurdles.

Broken Hill Mines has lifted quarterly ore processing to its highest level since 2020 and silver production to a record 102,922 ounces. The result comes as the restarted Pinnacles mine reaches its first clean high-grade bench, opening a path toward greater use of the Rasp plant.

OD6 Metals has reported surface channel samples of up to 24 metres at 51.1% CaF₂ and rock-chip grades reaching 98.4% at Blue Bell in Nevada. The first-pass results elevate Blue Bell to Quinn’s fourth priority target, although drilling is still needed to establish scale, continuity and true widths.

Native Mineral Resources delivered its strongest quarter since restarting the Blackjack plant, with fine gold outturn up 84% to 2,330.9oz and operating cash flow turning positive. The result improves the production picture, but the company remains reliant on debt-funded development and a steady handover from Mid Pit to North Pit.

Symal has reaffirmed its FY27 guidance and raised its FY30 EBITDA ambition to more than $230 million, while pointing to $1.9 billion of work-in-hand and a $9.1 billion tendered pipeline. The contractor is increasingly leaning into energy, digital infrastructure, utilities and defence, with about 75% of FY27 revenue already secured.

Auric Mining has moved from study work towards execution at its Burbanks-Munda gold plan, securing processing infrastructure for A$1.2 million and reporting strong Munda drilling results. The company is targeting mining at Munda in late 2027 and first gold from Burbanks in early 2028, subject to approvals and project execution.

MGX Resources has reported its first Central Tanami resource statement since acquiring a 50% stake, giving the company an attributable 1.4 million ounces of gold. The shift comes as Koolan Island’s remaining iron ore resources fall to 3.3 million tonnes and its Ore Reserves are reduced to zero ahead of a planned divestment.

Rokeby Resources has extended a high-grade mineralised shoot at its Mt Wills Goldfield in Victoria, with a new intercept of 0.3 metres at 138 g/t gold. The result arrives as the company prepares an updated JORC 2012 resource estimate and awaits four more holes from its maiden drilling campaign.

Discovery Alaska has secured commitments for a A$900,000 placement and says Boulder Creek is ready for drilling, but its reported cash balance covers only about 2.07 quarters at the latest spending rate. The company is also progressing its proposed Cuddingwarra acquisition, with several key steps still requiring approval or completion.