Latest Mining News

Orbminco's maiden drilling at the Bronze Fox Project in Southern Mongolia reveals significant copper and gold intersections, confirming the potential for resource expansion and higher grades at the West Kasulu deposit.

Centrex Limited has initiated a $10.4 million entitlement offer to fund essential plant upgrades and strengthen working capital, following a strategic logistics debt restructuring. The raise is pivotal for advancing the Ardmore phosphate project and maintaining financial viability.

Eagle Mountain Mining’s recent age-dating confirms Laramide-age latite dykes at its Silver Mountain Project, aligning it with world-class copper porphyry deposits in Arizona and enhancing its exploration prospects.

EQ Resources announces a strategic leadership reshuffle, transitioning CEO Kevin MacNeill to CTO to sharpen operational focus and support ambitious growth plans across Australia and Spain.

Saturn Metals made significant progress on its Apollo Hill Gold Project during the December 2024 quarter, reporting strong drilling results and advancing its Pre-Feasibility Study despite a tragic on-site fatality. The company ended the quarter with a solid cash position of $9.5 million.

Peninsula Energy has resumed uranium production at its Lance Project in Wyoming, capturing 1,100 pounds of uranium in late December 2024, while securing key regulatory approvals to expand mining operations.

Magnetic Resources NL reported a $4.39 million net cash outflow from operations in Q4 2024 but strengthened its balance sheet with a $9.41 million financing inflow, ending the quarter with $11.6 million in cash.

Brazilian Critical Minerals has released an updated Mineral Resource Estimate for its Ema rare earth project in Brazil, defining a robust 350Mt starter zone at 778ppm TREO. This milestone underpins the imminent Scoping Study and signals promising economic potential for the project.

Basin Energy advances its Scandinavian uranium exploration with new land applications and awaits key sampling results, buoyed by Sweden's move to lift its uranium mining ban.

The Australian Takeovers Panel has declared unacceptable circumstances in Alara Resources Limited's recent rights issue, citing inadequate disclosure and potential control issues involving Al Tasnim Infrastructure LLC. The company faces a costs order and must reassess its fundraising approach.

McLaren Minerals has successfully raised $1.5 million through a shortfall placement, bolstering its efforts to advance the Pre-Feasibility Study for its McLaren Mineral Sands Project in Western Australia.

Bougainville Copper Limited has appointed Johnny Patterson Auna as its permanent CEO, marking a key leadership milestone as the company prepares to ramp up operations at the Panguna mine project.