Mining

Subiaco-based junior explorer Kaiser Reef has entered an agreement to divest its NSW exploration assets for $3.625 million.

Newly installed Red 5 boss Luke Tonkin and Spartan Resources counterpart Simon Lawson have both elected to sell off shares, amid a busy month for their respective companies.

Subiaco-based junior Cosmos Exploration has increased its uranium portfolio in Canada with the acquisition of two additional projects in the Thelon Basin.

Meteoric Resources has signed a memorandum of understanding with the SENAI Regional Development of Minas Gerais, which owns Brazil-based magnet facility unit Lab Fab.

Shares in Encounter Resources close trade on Monday up 80 per cent to 62 cents, following positive initial aircore drilling results at its Aileron project.

Perth-headquartered uranium producer Paladin Energy has announced it will acquire 100 per cent of Fission Uranium in a deal worth $AU1.25 billion.

Venture Minerals has entered into a share purchase and sale agreement with Goldvalley Brown Stone, a subsidiary of private iron ore miner Gold Valley Group, regarding the sale of its Riley iron ore mine in Tasmania.

Westgold Resources has backed its move for Karora Resources, with the pair working towards finalising the deal by the end of July despite a rival’s request for Takeovers Panel intervention.

Regis Resources has applied to join IGO in the legal action South32 launched over a $122 million royalty dispute from the Tropicana gold mine proceeds.

Koolan Island iron ore mine is a celebrated part of WA’s mining history but plans for its rehabilitation and the island’s future are well under way.

Perenti's underground mining business arm Barminco has won a three-year mining services contract extension worth $450 million with AngloGold Ashanti, effective from October 1.

American West Metals has entered a binding agreement with Taurus Mining Royalty Fund to provide $18.8 million in exchange for a royalty package for its Storm copper project.

Castle Minerals has announced that Michael Atkins will retire as non-executive chair, effective from June 30.

West Perth-based junior Galan Lithium has appointed Ross Dinsdale as its chief financial officer, effective from July 10.

The company’s acquisitions cover 1828 square kilometres, 47.6sqm of which sit within the Erongo Uranium District – one of the world’s foremost uranium producing areas.

The Yindjibarndi people have ramped up their long-running battle with Fortescue by calling for an environmental inquiry into the miner’s Solomon hub operations in the Pilbara.

Shares in West African Resources rose 3 per cent to $1.50 on Friday, following news that the gold miner had drawn down the final $US100 million of its $US265 million secured loan facility.

Foreign investment in Australia’s critical minerals sector is about to become a headline issue for this country’s relationship with the US and China.

Pilbara Minerals has announced that production at its flagship Pilgangoora operation could expand to more than 2 million tonnes of spodumene concentrate per annum.

Exploration expenditure took a hit during the March 2024 quarter, according to BDO’s recent explorers quarterly cash update.

Alcoa Corporation has tapped a BHP veteran to lead its Australian division, as it draws closer to its acquisition of JV partner Alumina Limited.

Green Technology Metals has announced Cameron Henry will transition from executive director to managing director, effective immediately.

A 'green' pricing premium for critical minerals produced in Australia remains unlikely, industry experts have told a Business News event.

High-value magnetite could be the key for Mineral Resources to dust off the cobwebs of its Yilgarn iron ore precinct, which will be shut down at the end of the year.

Mineral Resources will close its Yilgarn iron ore operations by the end of the year in a move expected to affect about 1,000 jobs.

Pantoro managing director Paul Cmrlec is confident the company’s Norseman gold project can eventually produce more than 200,000 ounces of gold per annum.

Shares in WA1 Resources climbed 28 per cent on Wednesday to $20.69 per share, on the back of positive initial metallurgical test results.

Rising gold producer Red 5 has finalised changes to its board and management team, following its successful merger with Silver Lake Resources earlier this month.

Develop Global has received $11.55 million in proceeds, following the exercising of options by managing director Bill Beament and non-executive chair Michael Blakiston.

Perth-based Sierra Rutile has confirmed a worker has been killed at its Area 1 operation in Sierra Leone.

Tony Sage-led European Lithium has welcomed the completion of an initial cash payment of $5 million by Critical Metals Corp for 5.55 per cent equity in the Tanbreez project.

Richard Homsany-chaired Toro released updated scoping study results on Tuesday from its proposed Lake Maitland uranium-vanadium project, located 105km south-east of Wiluna in Western Australia’s Murchison region.