Latest Contract Mining News

Lindian Resources has taken a decisive step forward with a Final Investment Decision on its Kangankunde Rare Earths Project, underpinned by a $91.5 million institutional placement and a strategic partnership with Iluka Resources. The company is on track for production by late 2026, backed by expanded mining licenses and a new owner-operator mining model.

Carnavale Resources has significantly upgraded its Kookynie Gold Project with a new resource estimate and scoping study, underpinning strong economics and a clear path to production. A $3 million placement and a $4.09 million entitlement offer support advancing to a Bankable Feasibility Study in 2026.

Austral Gold Limited has released an updated Mineral Resource and Reserve estimate for its Casposo Mine in Argentina, underpinning plans to restart production with strong economic fundamentals. The report highlights a 74-month mine life and a compelling after-tax NPV of US$72.7 million.

Gibb River Diamonds has inked a significant ore processing agreement with Black Cat Syndicate, advancing mining operations at its Neta Project with first gold sales expected early next year.

Carnavale Resources secures $7.1 million through placement and rights issue to advance the Kookynie Gold Project with a Bankable Feasibility Study underway and a strategic board reshuffle.

Carnavale Resources’ updated Scoping Study for the Kookynie Gold Project reveals a doubling in project value and robust economics, supporting a five-year mine life with 93,000 ounces of gold production.

Locksley Resources appoints Kerrie Matthews as CEO and Danny George as COO to fast-track the Desert Antimony Mine and establish a U.S.-based antimony supply chain. Their leadership aims to overcome critical supply chain gaps amid rising demand.

Perenti’s underground mining arm, Barminco, has secured a significant four-year contract at the Dalgaranga Gold Project, promising to bolster Australian earnings and operational scale.

Augustus Minerals is progressing its second-in-time licence application for the Mt Kare Gold Project in Papua New Guinea, aiming to unlock a high-grade alkali epithermal deposit near the Porgera mine. The company is preparing for rapid underground development and aggressive drilling, contingent on regulatory outcomes.

Gibb River Diamonds has officially started mining operations at its Edjudina Gold Project in Western Australia, leveraging a contract mining model that shields the company from upfront costs. The Neta Prospect's gold production will be processed through toll milling agreements, with profits shared equally between Gibb River and contractor BML Ventures.

Perenti Limited has reported record financial results for FY25, highlighted by revenue growth, improved margins, and a significant reduction in leverage. The company’s robust free cash flow and increased dividends set a solid foundation for future growth.

Perenti Limited has delivered record financial results for FY25, driven by strong operational performance and strategic contract wins, including its first underground mining contract in the USA. The company also improved its safety record and advanced key sustainability initiatives.