Australia Mining

Kingsgate Consolidated (ASX:KCN) faces a lawsuit from its political risk insurers in the Supreme Court of New South Wales.

Nexus Minerals (ASX:NXM) has received firm commitments for a capital placement to raise approximately $5.4 million before costs.

Silver Mines (ASX:SVL) has launched a two-tranche share placement aiming to raise gross proceeds of $70 million.

Right Resources (ASX:RRE) has commenced maiden aircore drilling across 60 holes at its Blue prospect.

Wildcat Resources (ASX:WC8) secured firm commitments to raise $60 million through an institutional placement.

Fitzroy River (ASX:FZR) has entered into a binding agreement to sell its royalty interest in the Bowdens Silver Project.

Lycopodium (ASX:LYL) has secured a $49.4 million EPCM contract for Greatland Resources (ASX:GGP) at its Havieron Gold-Copper Project.

FMR Resources (ASX:FMR) has agreed to sell its entire share capital in Canadian Future Metals for $200,000.

Ramelius Resources (ASX:RMS) updated its medium-term production outlook, forecasting annual gold output to reach between 560 and 610 kilo-ounces by FY30.

Kaoko Metals (ASX:KAO) has established a second active drilling front at its Chalkos Copper-Silver Project.

Anson Resources (ASX:ASN) has completed comprehensive environmental field surveys at its Yellow Cat Uranium-Vanadium Project.

QMines (ASX:QML) agreed to acquire two freehold properties adjacent to the Botos deposit for $2.4 million.