The S&P/ASX200 was relatively flat to close lower on Friday (7 February), slipping 9.30 points or 0.11% to 8,511.40. Yancoal Australia (ASX:YAL), Beach Energy (ASX:BPT), and Liontown Resources (ASX:LTR) were the bottom performing stocks in this index, down 5.776%, 5.209%, and 4.380% respectively. Lynas Rare Earths (ASX:LYC) was one of the top performing mining stocks, closing 6.125% higher at the bell, while Champion Iron (ASX:CIA) was […]

The Association of Mining and Exploration Companies (AMEC) says if Australia wants to diversify and achieve its aspirations to further downstream critical minerals, the Critical Minerals Production Tax Incentive makes Australia competitive. The organisation is taking part in the Senate Economics Legislation Committee’s inquiry into the Australian Government’s proposed Future Made in Australia production tax […]

Sunshine Metals (ASX:SHN) has uncovered 6km of gold-copper-zinc prospective stratigraphic contact near the Liontown deposit, part of the Ravenswood Consolidated Project in Queensland.  This news comes after the company conducted a new interpretation at Liontown which proposes that tight folding has formed a 3.5km long dome.   Sunshine Metals, which has a market capitalisation of $12.7 […]

Southern Cross Gold Consolidated (ASX:SX2) will begin trading on the Australian Securities Exchange (ASX) today at 3pm AEDT on a deferred settlement basis.  The new shares will be settled in the form of CHESS Depositary Interests (CDIs) at a 1:1 ratio.  This news comes after the dual-listed gold explorer changed its name from Southern Cross […]

Privately held Northern Iron has dispatched its inaugural shipment of magnetite from the Warrego Rehabilitation Project bound for Asian markets. Just over 47,000 tonnes of magnetite concentrate was shipped from the project, which expected to operate for three years and is forecast to produce up to 1.2 million wet tonnes of magnetite concentrate annually. It […]

Victory Metals (ASX:VTM) has upgraded the North Stanmore Heavy Rare Earth Elements Project’s mineral resource estimate, with 71% now in the higher confidence indicated category.  The indicated resource now totals 176.5 million tonnes @ 503 parts per million (ppm) total rare earth oxide (TREO), which is expected to complement a Scoping Study already underway.  North […]

Basin Energy (ASX:BSN) has completed the purchase of a portfolio of projects prospective for uranium and green energy metals in Scandinavia.  On 31 October 2024, the company signed a binding agreement to buy the Virka, Björkberget, Rävaberget, Prästrun, and Håkantorp projects in Sweden, as well as the Puokio, Löttö, Temo, Eronlampi, and Palmottu projects in […]

US equities rallied overnight on reports of near-record profits from the major banks and a lower-than-expected US Consumer Price Index (CPI) data, with the momentum flowing through to the Australian market.    The S&P/ASX 200 spiked 128.20 points, or 1.56%, to 8,341.50 points as of 10.30am AEDT.  Over the last five days, the index is virtually […]

Mining giant BHP (ASX:BHP) is forming a 50:50 joint venture with Lundin Mining (TSX:LUN) after acquiring Filo Corp (TSX:FIL), which owns the Filo del Sol Copper Project in Argentina.  On 26 September 2024, Filo Corp shareholders’ approved the acquisition, which was C$4 billion ($4.47 billion) excluding the Filo shares already held by Lundin Mining and […]

Mining services company MLG Oz (ASX:MLG) has executed contracts, valued at $45 million, with Northern Star Resources (ASX:NST) across four operations in Western Australia.  The company will provide haulage and site services across Northern Star’s Jundee, South Kalgoorlie, Kanowna Belle, and Kalgoorlie Consolidated gold mines operations. MLG, which has a market capitalisation of $84.14 million, […]