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 […]

Lodestar Minerals (ASX:LSR) plans to further investigate three new copper targets identified in soil sampling at the Anticline Prospect, part of the Earaheedy Project in Western Australia. The targets were uncovered following the compilation of 637 samples taken from two prospects within the newly granted E69/3532 tenement. Managing Director Ed Turner says E69/3532 is one […]

Helix Resources (ASX:HLX) has completed a placement of 100 million shares to Acta Investment Group at $0.005 per share, being the same price as the offer price under Acta’s proportional takeover offer. The placement represents an investment of $500,000 in Helix. Funds raised are planned to progress the company’s Cobar exploration assets, including drilling of […]

Eagle Mountain Mining (ASX:EM2) has added a strategic land package to the Wedgetail Copper Project in Arizona, US.  In February 2024, the company exercised a first right of refusal to purchase 15 acres of the Cochise patented claim adjacent to its existing patented claims.  Under the acquisition, Eagle Mountain paid US$325,000 ($519,734), comprising a US$200,000 […]

Hammer Metals (ASX:HMX) is preparing, with its joint venture partner Sumitomo Metal Mining Oceania, to initiate a drilling program in the first quarter of 2025 at its Bullrush Project in north-west Queensland. The 2,000m diamond drilling program, which will be funded by Sumitomo, aims to test multiple high-priority iron oxide copper-gold (IOCG) targets within the […]

Astute Metals (ASX:ASE) says it will focus on its copper-gold and lithium projects after selling its diamond assets in Western Australia to privately held JBJ Capital. Pursuant to the agreement, Astute has sold its East Kimberley Diamond tenement E80/4210 and the Heavy Mineral Separation plant to JBJ for $125,000 in cash, and formally disposed of […]

Lodestar Minerals (ASX:LSR) has defined new areas of interest at its Darwin Iron Oxide Copper-Gold Project in northern Chile following a second site visit.  The new areas include multiple historical workings, which follow a trend spanning 1km and include several magnetic anomalies in the east of the project. The company says this is where elements […]

The Sossego copper-gold mine in Canaã dos Carajás, Brazil, has significantly improved milling efficiency and plant productivity through the application …

Great Western Exploration (ASX:GTE) is preparing to begin “company-making” drilling programs at a handful of targets within its Yerrida North Project in Western Australia.  The Sumo target, for example, has been previously defined by lag soil sampling, with a large, strong niobium anomaly measuring 2km by 1km. The company has also defined six individual targets […]