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 […]

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 […]

Centrex (ASX:CXM) has secured strategic agreements with relevant counterparties, strengthening its working capital position, and “providing a robust foundation to complete the stage 1.5 expansion”.   In a corporate update, including regarding its wholly owned subsidiary Agriflex and the Ardmore Rock Phosphate Mine, Centrex says as a result of the increase in logistics requirements arising […]

The S&P/ASX200 is higher today (3 January) as of 11.50am AEDT, gaining 25.10 points or 0.31% to 8,226.30. Mining companies are the top performing stocks in this index including Paladin Energy (ASX:PDN) and Deep Yellow (ASX:DYL), up 10.27% and 9.44% respectively. Boss Energy (ASX:BOE) is also 8.467% higher, while Genesis Minerals (ASX:GMD) is up 3.225%, and Vault Minerals (ASXVAU) is 3.030% […]

Clean Air Metals (TSX-V:AIR) recently closed a non-brokered private placement to raise just over C$1.096 million through the issuance of 18.268 million shares that qualifies as a flow-through share at a price of $0.06 per FT share. All qualifying expenditures will be renounced in favour of the subscribers of the FT shares and became effective […]

DY6 Metals (ASX:DY6) has dispatched its prospectus, along with personalised entitlement and acceptance forms, regarding its non-renounceable entitlement issue. As announced on 20 December 2024, DY6 Metals is undertaking a pro-rata non-renounceable entitlement issue of one unlisted option exercisable at $0.08 on or before four years from the date of the issue for every two […]

Askari Metals (ASX:AS2) has executed a binding subscription agreement with Celtic Finance Corp, a single high-net worth sophisticated investor, to raise a further $350,000 at an average issue price of $0.0135 per share. The placement is expected to be settled on or about 10 January 2025 and will rank equally with existing fully paid ordinary […]

Macro Metals (ASX:M4M) reports drilling at its Goldsworthy East Iron Ore Project and initial drilling at the Wandanya Manganese Project “did not intersect mineralisation of consequence”. Managing Director Simon Rushton says he has no doubt these results will be disappointing for shareholders – himself included. However, Rushton notes that while very disappointing, these results reinforce […]

The next phase of drilling at Equinox Resources’ (ASX:EQN) Rio Negro target will aim to further delineate and map out the “ultra-high-grade” monazite-rich zones within the mineralised sill. Equinox says that given the structural controls and observed continuity of rare earth mineralisation, the plan will focus on angled drilling to intersect the sill at optimal […]