Latest Silver Mines News

Silver Mines is seeking A$70 million from investors while agreeing to spend A$26 million to remove two private royalties from its Bowdens Silver Project. The strategy could simplify Bowdens’ economics, but the royalty deals depend on securing at least A$50 million in placement commitments and meeting approval conditions.

Fitzroy River has agreed to sell its long-held Bowdens Silver royalty to Silver Mines for A$17.5 million, including A$7.5 million in Silver Mines shares. The company intends to return the net proceeds to shareholders, but completion remains conditional on funding and regulatory steps.

Silver Mines says NSW planning authorities have reaffirmed that the Bowdens Silver Project is in the public interest and approvable subject to strict conditions. The Independent Planning Commission will resume its public hearing in October, with a final decision expected by 9 December 2026.

Exultant Mining has reported its first consolidated annual results since listing, recording a $1.526 million loss and holding $3.50 million in cash at 30 June 2026. Exploration has advanced across Black Hammer and Peak View, but the company remains dependent on future funding and assay results to justify its portfolio.

Diablo Resources has exercised its option over 101 patented claims covering the historic Horn Silver Mine in Utah, bringing its broader 202-claim, 13.2 square kilometre project package together. The company will now rank targets, advance permitting and prepare for a maiden Horn Silver drilling program in 2026.

Aureka Limited is set to become a gold producer after signing a binding agreement to acquire High Grade Holdings, including the Fiddlers Creek underground mine and Wedderburn processing mill in Victoria. The majority scrip, low cash deal valued at $8.9 million unlocks immediate production and processing capacity for Aureka’s Victorian gold projects.

Fitzroy River Corporation reported a modest loss for FY26, with a key highlight being a $12.27 million disputed payment from Endura Mining related to its Snowy River Gold Project royalty. The company has initiated court proceedings in New Zealand to clarify the validity of this buyout option while exploring potential sale of its Bowdens Silver royalty.

Diablo Resources has delivered exceptional first-pass rock sampling results at its Horn Silver Project in Utah, revealing a district-scale polymetallic system rich in silver, gold, copper, lead, and zinc. These findings reinforce historical structural models and set the stage for imminent drilling campaigns.

Diablo Resources has completed earthworks at its Star Range Project in Utah, setting the stage for a maiden diamond drilling program targeting high-grade silver and polymetallic mineralisation. Concurrently, the company is progressing its acquisition and exploration activities at the historic Horn Silver Project, with drilling plans advancing.

Olympio Metals is set to acquire an 80% stake in the Jacknife High-Grade Silver Project in Idaho, leveraging patented mining claims and a local partner to accelerate exploration in a historically prolific silver district.

Pantera Minerals has kicked off its first-ever diamond drilling campaign at the Gillham Project in Arkansas, aiming to confirm high-grade antimony and silver mineralisation beneath historic mines.

Diablo Resources has secured an 80% stake in the historic Horn Silver Project in Utah, unlocking a portfolio of high-grade silver, gold, copper, and antimony targets. The acquisition complements its nearby Star Range assets and aligns with US critical minerals priorities.