Latest Mining News

Somerset Minerals Limited has launched a C$2.25 million flow-through share offer targeting Canadian investors, aiming to accelerate exploration activities at its Jura project. The capital raise complements a planned institutional placement and highlights both growth ambitions and inherent risks.

Robex Resources has issued an addendum to its shareholder circular detailing amendments to its acquisition agreement with Predictive Discovery, postponing the crucial vote to December 30 to allow more time for shareholder engagement.

Li-FT Power Ltd has announced a strategic acquisition of Winsome Resources Limited and plans to acquire a controlling interest in the Galinée lithium property, aiming to create a leading Canadian lithium developer with enhanced scale and market presence.

Lithium Energy Limited has fast-tracked the sale of its remaining stake in the Solaroz Lithium Brine Project, securing US$21.7 million ahead of the planned timeline and strengthening its financial position.

Superior Resources has increased its capital raise to $2 million, funding a significant drilling campaign and feasibility studies aimed at accelerating gold production and advancing copper exploration in northern Queensland.

Taruga Minerals has entered a 12-month option to acquire two advanced gold and copper projects in Papua New Guinea, backed by a $1.5 million capital raise to fund exploration and resource development.

Aeris Resources has reported significant high-grade copper intersections extending mineralisation beyond current resources at its Tritton Operation in New South Wales, highlighting potential new mineralised trends and thicker deposits.

Winsome Resources Limited (ASX, WR1) has had its trading suspension lifted immediately following its response to an ASX price query, restoring market access for investors.

Winsome Resources has disclosed confidential discussions about a potential acquisition by Li-FT Power and a binding offtake rights sale, explaining recent unusual trading activity.

Li-FT Power Ltd. has agreed to acquire Winsome Resources Limited and a controlling interest in the Galinée property, aiming to create a leading hard rock lithium developer in Canada with enhanced resource scale and market presence.

Desert Metals Limited has completed the first tranche of its capital raising, issuing 64 million shares to raise $416,000, with a shareholder meeting planned to approve a second tranche worth $834,000.

Magnetic Resource NL is refining its Lady Julie Gold Project with updated mine designs and infrastructure work, aiming to reduce costs and boost gold recovery ahead of a final optimization report in early 2026.