Latest Toll Milling News

Challenger Gold has secured a 24-month mining contract with MAPAL for its Hualilán Toll Milling phase, with mobilisation complete and production drilling underway. The project is on track to commence mining by December 1, aiming to generate early cash flow amid strong gold prices.

Lefroy Exploration has secured final approvals for the Lucky Strike Gold Mine, setting an accelerated timeline for mining and first gold production by March 2026. Partnering with BML Ventures, the company is poised to transition into gold production with strong financial backing.

Scorpion Minerals reports promising near-surface high-grade gold at its Pharos Project and announces a strategic partnership with Gylden Resources to leverage processing capabilities in Western Australia.

Challenger Gold Limited advances its Hualilan Gold Project with commissioning of the Casposo Toll Milling plant and key operational contracts, while Ecuador projects gain value following Lumina Gold’s takeover. A $30 million placement strengthens funding for upcoming milestones.

Challenger Gold Limited reported a solid cash position of A$27.7 million for Q3 2025, backed by strong financing activities and a funding runway exceeding five quarters. The company’s strategic financing arrangements underpin its ongoing exploration ambitions.

SQX Resources advances exploration in Queensland and secures 80% stake in two promising US gold projects, backed by a $2 million placement to accelerate development.

Auric Mining Limited has completed its Jeffreys Find project, initiated production at Munda Gold Mine, and secured the Burbanks processing plant, positioning itself for integrated operations in Western Australia.

Auric Mining reports a positive operating cash flow for Q3 2025 and a new ore processing agreement, but faces a critical short-term funding gap.

Scorpion Minerals reports promising shallow gold intercepts at its Pharos Project and announces a strategic collaboration with Gylden Resources, enhancing processing options in Western Australia’s Murchison region.

SQX Resources is set to acquire an 80% stake in AM6 Pty Ltd, gaining control of high-grade gold and silver projects in Montana and Arizona, with drilling programs slated to commence in December 2025.

Challenger Gold Limited invites investors to a webinar where CEO Kris Knauer will discuss the recent capital raise and outline the company’s near-term gold production plans at Hualilan.

Challenger Gold has raised A$30 million through an institutional placement to fund the ramp-up of its Hualilan gold project and support an extensive drilling campaign ahead of first production in early 2026.