Mining

Shares inCore Lithium Ltd (ASX:CXO)soared on Wednesday morning, climbing19% to 8.7 cents, after the company released an encouraging restart study for itsFinniss Lithium Projectin the Northern Territory. The report signals a possible return to production.

Encounter Resources Ltd (ASX:ENR)has reported a significant milestone in the development of itsAileron niobium projectin Western Australia, delivering amaiden inferred mineral resource estimate (MRE)of19.2 million tonnes at 1.74% niobium pentoxide (Nb₂O₅), based on a 1.0% cut-off grade.

Australian mining stocks are enjoying a second day of gains, with theS&P/ASX 200 Materials Index (XMM)rising0.6% on Tuesdayand touching its highest level sinceMarch 31.

Australian gold stocks suffered sharp losses on Monday, with theS&P/ASX All Ordinaries Gold Index (XGD)plunging as much as6.3% to 11,152.2 points, marking its lowest level in over a month. The decline comes amideasing geopolitical tensions, particularly the announcement of atemporary tariff truce between the …

Auric Mining Ltd (ASX:AWJ)has officially launched mining activities at theStarter Pitof its flagshipMunda Gold MineinWestern Australia, marking a major step forward in the company’s strategy to transition into gold production.

Sierra Nevada Gold Inc (ASX:SNX)has taken a major step in expanding its presence in the U.S. southwest by securing full ownership of theNew Pass gold minein Nevada—an asset with a significant production history and promising future potential.

Australian gold stocks, represented by the AXGD index, fell by 1.3% to 12,142.1 points, marking their weakest performance since April 30. The decline in gold stocks comes as a result of a 1.1% drop in gold prices on Monday. Investor anxiety eased after positive …