Latest Mining News

Gladiator Resources Limited reported a $703,000 net cash outflow for the December 2024 quarter, driven by exploration and evaluation expenses, yet maintains sufficient capital to fund operations into 2025.

Enova Mining has completed a pivotal drilling campaign at CODA Central, uncovering significant zones of rare earth elements and titanium mineralisation. Over 200 samples are now en route to laboratory analysis, marking a key step in the company’s resource development strategy.

Marmota Limited has completed an extensive 91-hole drilling campaign at its Muckanippie project, extending exploration westward based on promising visual heavy mineral feedback. Laboratory assays are expected within weeks, potentially confirming a significant titanium resource expansion.

Brightstar Resources has reported robust high-grade gold assay results from its underground diamond drilling at the Second Fortune Gold Mine, reinforcing the mine’s geological consistency and supporting an imminent resource update.

Pilbara Minerals delivers record production and sales at Pilgangoora but faces statutory net losses due to joint venture investments and expansion costs. The company remains optimistic about long-term lithium market prospects.

KGL Resources Limited has released a comprehensive feasibility study update for its Jervois Copper Project, confirming its technical robustness and financial viability with plans to commence production in 2027. The project boasts a post-tax net present value of A$405 million and aims to produce around 30,000 tonnes of copper annually, positioning itself to capitalize on a tightening global copper market.

Sarama Resources has launched its first large-scale soil geochemistry program in decades at the Cosmo Gold Project, aiming to unlock drill targets across a vast underexplored greenstone belt in Western Australia’s Laverton Gold District.

Black Dragon Gold has applied for its Salave Gold Project to be designated a Strategic Investment Project under new regional legislation in Asturias, aiming to fast-track development and boost local economic benefits.

Javelin Minerals has reported exceptional high-grade gold and copper assay results from its inaugural drilling campaign at the Coogee Project in Western Australia, highlighting new mineralised shoots that could significantly enhance the project's resource base.

Moho Resources has agreed to sell its Empress Springs Project in Western Queensland for $1.258 million, including deferred payments and a retained royalty, as it refocuses its portfolio.

Summit Minerals appoints Dr. Matthew Cobb as CEO to accelerate development of its Equador Niobium and Rare Earth Elements Project in Brazil, while reshuffling leadership to bolster operational focus.

Caspin Resources has commenced its first reverse circulation drilling campaign at the Bygoo Tin Project in NSW, aiming to confirm and extend high-grade tin mineralisation. Initial results are expected by mid-March, marking a pivotal step in unlocking the project’s potential.