Latest Iron Ore Exploration News

AKORA Resources has secured strong endorsement from Madagascar’s new government to upgrade its Bekisopa iron ore project licence from exploration to mining, paving the way for project advancement and investment.

Pearl Gull Iron Limited has entered a binding agreement to sell its Cockatoo Island Project for A$4.5 million in cash, a 4% equity interest in Crestlink Pty Ltd, and royalties on extracted materials, with completion expected in Q4 2025.

CZR Resources has completed a $75 million cash sale of its Robe Mesa iron ore asset, leaving it debt-free and well-funded for aggressive exploration. The company is gearing up for drilling programs across its gold, copper-zinc-silver, and iron ore projects in Western Australia.

Peregrine Gold has identified a promising new Channel Iron Deposit target near its recent Coopers CID North discovery, with high-grade iron ore samples and plans for imminent exploration.

Macro Metals Limited has successfully raised A$2 million through a share placement, positioning itself to accelerate exploration and expand its mining services operations.

Riversgold Ltd advances its Kalgoorlie East gold project with new drilling approvals and strong metallurgical recoveries, while Canadian exploration yields impressive copper and antimony assays.

Burley Minerals reports promising iron ore assay results from its Cane Bore project and secures $1 million to fast-track exploration, while lithium prices rebound from multi-year lows.

Aurumin Limited reports strong drilling results at Johnson Range, secures a $4 million joint venture with Newcam Minerals, and announces a $60 million merger with Brightstar Resources, positioning itself for accelerated development in the Sandstone Gold District.

Tempest Minerals reports a maiden inferred mineral resource of 63.5 million tonnes at 30.6% iron for its Remorse Deposit, alongside promising gold anomalies at its Sanity Target and a successful $1.87 million capital raise.

Brockman Mining Limited reports steady progress on its Marillana and Ophthalmia iron ore projects through joint ventures with Mineral Resources and Hancock Prospecting, alongside ongoing infrastructure and social engagement efforts.

Mindax Limited strengthens its position in Western Australia's Mid-West iron ore sector with a strategic investment in Cashmere Iron and an option to acquire full ownership of the Mt Forrest project.

AusQuest Limited has reported significant new coarse-grained magnetite intersections across multiple prospects at its Morrisey Project in Western Australia, signaling promising potential for premium iron product development.