Mining

Gold Road Resources Ltd (ASX:GOR) shares climbed 2.0% on Tuesday, trading at AU$3.00 apiece, after the company announced the completion of a major underground exploration target review at its flagship Gruyere Gold Mine in Western Australia.

West African Resources Ltd (ASX:WAF) shares surged 4.3% on Tuesday to AU$2.17, following the company’s upbeat first-quarter production report from its flagship Sanbrado Gold Operations in Burkina Faso.

Native Mineral Resources Holdings Limited (ASX:NMR) has secured a further AU$2.26 million investment from Wes Maas, CEO and Managing Director of Maas Group Holdings (ASX:MGH), marking the second tranche of his total AU$6.8 million commitment under the company’s Maas Placement initiative.

Bayan Mining and Minerals Ltd (ASX:BMM) has commenced a reconnaissance and sampling campaign at its Bayan Springs multi-minerals project in Nevada, marking a significant step toward uncovering the site's potential for gold and silver mineralisation.

Australian Rare Earths Ltd (ASX:AR3) has confirmed the presence of significant near-surface uranium mineralisation at its Overland project in South Australia, following chemical assay results from drillhole OV047. The assays highlight shallow, calcrete-hosted uranium zones with grades exceeding 100 parts per million (ppm).

Australia’s mining sector took a fresh hit on Friday, with the S&P/ASX 200 Mining sub-index (XMM) falling 1.2% to its lowest level since 12 September 2024, as sliding iron ore prices continued to drag down heavyweight resource stocks.

Australian mining stocks, represented by the .AXMM sub-index, have experienced a sharp decline, falling as much as 1.9% to their lowest levels since September 13, 2024. The drop follows recent economic developments, including a significant tariff imposition by the United States on China. As …