Latest Resources News

Variscan Mines has acquired extensive historic drilling data over newly granted licences in northern Spain, revealing significant high-grade zinc and lead mineralisation and unlocking a district-scale exploration opportunity.

Magnetic Resources NL has secured all necessary mining leases for its Lady Julie Gold Project, marking a critical step towards production. Supported by a robust feasibility study and a recent resource upgrade, the project is now development-ready.

Gold Road Resources has announced a fully franked special dividend of $0.43694 per share, contingent on its acquisition by Gold Fields’ Gruyere Holdings. The dividend will reduce the cash consideration payable under the scheme, with the board urging shareholders to approve the deal.

Peak Rare Earths has dismissed a $240 million acquisition proposal from General Innovation Capital Partners, reaffirming its commitment to Shenghe Resources’ $195 million scheme. The board cites concerns over GICP’s incomplete offer and regulatory uncertainties.

Rumble Resources Limited has launched a $2 million non-renounceable entitlement offer following a $7 million placement, aiming to fund exploration and development activities at its Western Queen Gold Project. The offer opens on 16 September and closes on 26 September 2025.

New Hope Corporation reported an 18.1% rise in coal production for FY25 alongside an 8.4% reduction in unit costs, declaring a fully franked 15-cent dividend and launching a Dividend Reinvestment Plan.

New Hope Corporation has updated its 2025 coal resources and reserves, highlighting a significant increase at West Muswellbrook due to a new geological model, while overall reserves remain steady.

New Hope Corporation Limited posted a slight dip in revenue and net profit for FY2025 but achieved a notable 18% rise in saleable coal production, driven by growth at New Acland Mine and steady output at Bengalla Mine.

Xstate Resources Limited has had its trading suspension lifted as it meets key ASX listing requirements, marking a new chapter for the mining company.

Elevra Lithium finalizes merger of Piedmont and Sayona, creating North America’s largest hard-rock lithium producer with a combined resource base of 229Mt. The company outlines ambitious growth plans, operational efficiencies, and a strengthened financial position to capitalize on rising lithium demand.

Oliver’s Real Food reports improved gross margins and reduced expenses despite a 6% sales decline, driven by strategic store closures and operational efficiencies.

Northern Star Resources reaffirms its Ore Reserves and Mineral Resources as of March 2025, maintaining steady production targets and a robust balance sheet while advancing key growth projects including the KCGM Mill Expansion and the Hemi Development Project.