Latest Costerfield News

Alkane Resources delivered 40,740 gold equivalent ounces in the September quarter, generated A$102 million in mine operating cash flow and reaffirmed FY27 production guidance. The result also funded the company’s maiden dividend while leaving A$440 million in cash and bullion.

Alkane Resources has extended the known gold-antimony system beneath Nagambie’s West Pit, with drilling identifying mineralisation outside the existing Inferred Resource. The results strengthen the exploration case, but do not yet change the resource estimate or establish an economic mine plan.

Alkane Resources has reported high-grade gold-antimony intersections at Nagambie in Victoria, including a 115-metre down-dip extension of the C2 zone and broad mineralised areas outside the existing inferred resource. The results strengthen the geological case for the earn-in, although only three holes have returned assays and metallurgical work remains outstanding.

Alkane Resources has opened FY27 with 40,740 gold equivalent ounces of production and $440 million in cash and bullion. The miner has maintained its full-year guidance while funding mine extensions, growth projects and its maiden dividend.

Southern Cross Gold’s latest infill drilling at Sunday Creek has delivered some of its strongest composite intersections, including 2.7 metres at 178.4 g/t gold and 6.8 metres at 49.8 g/t gold. The tighter drilling also extended Golden Dyke west towards Christina and uncovered four vein sets outside the current Exploration Target.

Alkane Resources has reported a transformational FY2026, with the Mandalay merger helping lift revenue to A$935.8 million and profit after tax to A$228.7 million. The enlarged gold and antimony producer has also declared its first dividend and approved a buy-back, while setting broadly stable production guidance for FY2027.

Kalamazoo Resources has expanded its wholly owned Mt Piper exploration footprint in Central Victoria to 1,574 square kilometres, securing continuous coverage over a 15km structural corridor. Early drilling has confirmed gold-antimony anomalism at Whiteheads Hill, but the results remain reconnaissance-stage and sub-economic.

Alkane Resources has lifted group Ore Reserves to 1.374 million ounces after exploration and resource conversion replaced depletion across its operating portfolio. The FY26 update also puts Björkdal’s open-pit restart and Costerfield’s extended mine life into sharper focus.

Alkane Resources has identified a previously unmined high-grade gold and antimony zone at its Cuffley Lode within the Costerfield project, with assay results revealing spectacular grades. The new discovery is being fast-tracked into the mine schedule, promising to bolster production at this Victorian underground operation.

Alkane Resources delivered a transformational FY26 with a 590% surge in net profit to A$228.7 million, driven by its merger with Mandalay Resources and record gold equivalent production. The company declared its first fully franked dividend and confirmed solid FY27 guidance.

iTech Minerals has confirmed further significant shallow gold and antimony intersections at its Falchion Prospect in the Northern Territory, reinforcing the potential of the Reynolds Range Project.

iTech Minerals has delivered a standout drill intercept of 36m at 5.6 g/t gold and 1.2% antimony at its Sabre Prospect in the Northern Territory, reinforcing the potential scale and grade of the Reynolds Range Project.