Latest Costerfield News

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.

Alkane Resources has expanded its Storheden gold resource near the Björkdal mine in Sweden, adding Indicated Resources and increasing contained gold by 26%. Recent drilling revealed high-grade veins along a 2.7 km strike, with mineralisation still open in multiple directions.

Alkane Resources capped FY26 with record production of 168,337 gold equivalent ounces and $174 million in quarterly cash flow, announcing a maiden fully franked dividend and setting robust FY27 guidance.

Southern Cross Gold’s first deep drilling beneath Victoria’s historic Redcastle Goldfield has returned multiple high-grade gold and antimony hits, confirming the presence of Costerfield-style mineralization over a significant vertical extent.

Alkane Resources delivered 42,491 ounces gold equivalent in the June quarter, pushing full-year production to 168,337 ounces and bolstering cash and investments to $454 million.

Amara Minerals has completed a $2.2 million placement by issuing 440 million shares at a 25% premium, backed by a $500,000 cornerstone investment from Nova Minerals. The funds will fuel drilling at its Victorian gold-antimony projects and support broader exploration ambitions.

Amara Minerals has raised $2.2 million through a placement priced 25% above its last trade, with cornerstone investor Nova Minerals increasing its holding by $500,000. The funds will accelerate drilling at Victorian gold-antimony projects following promising assay results.

Amara Minerals secured a $2.2 million placement at a 25% premium, with Nova Minerals increasing its strategic investment by $500,000. Meanwhile, Nova Minerals completed its redomiciliation to the US, listing on NYSE American and delisting from ASX.