Latest Diamonds News

Burgundy Diamond Mines reported a mixed Q2-2025 with increased ore mined and carats recovered but lower revenue and earnings, prompting a strategic pivot including placing Point Lake on care and maintenance and extending Misery mine life.

Burgundy Diamond Mines has released an updated Life of Mine plan for its Ekati Diamond Mine, extending operations through 2040 with robust economics from the Fox Underground Project. The update includes revised resource and reserve estimates and a deferred Point Lake open pit mining schedule.

Lunnon Metals has reported robust metallurgical test results for its Lady Herial gold deposit, confirming strong gold grades and recoveries that align with recent economic studies. These findings bolster the project’s development prospects amid ongoing negotiations with Gold Fields.

G11 Resources has announced a proposed acquisition of Pacific State Metals, adding highly prospective copper and gold projects in Tasmania and New South Wales to its portfolio. The deal includes a significant share issuance and a planned share consolidation, pending shareholder approval.

Lachlan Star and Cullen Resources report promising final assay results from the Killaloe Gold Project, revealing extensive shallow gold mineralisation and high-grade zones near the Duke Prospect. Plans are underway for a new drilling phase to further explore this under-explored Western Australian gold belt.

Strata Minerals has initiated its inaugural diamond drilling program at the Penny South Gold Project in Western Australia, supported by a co-funded deep drill hole from the WA Government. This marks a pivotal step in exploring extensions of gold mineralisation near the high-grade Penny Mine.

OD6 Metals has successfully produced high-quality rare earth products from its Splinter Rock project, positioning itself for premium market payability and strategic global partnerships.

Lachlan Star has received final assay results from its maiden drilling program at the Killaloe Gold Project, confirming extensive gold mineralisation and setting the stage for a new phase of deeper drilling.

Nagambie Resources has completed a $1.2 million capital raise to fund diamond drilling at its Nagambie Mine, targeting a recent high-grade gold-antimony discovery and updating its mineral resource estimate.

Kula Gold has raised $750,000 through a share placement to fund diamond drilling at its Mt Palmer Gold Mine, following a series of promising high-grade gold results from recent exploration.

Fortescue has approved a $3 million exploration budget for Strategic Energy Resources’ Canobie Project, setting the stage for a significant diamond drilling campaign targeting copper-gold mineralisation in northwest Queensland.

Titan Minerals reports robust drilling results at its Dynasty Gold Project in Ecuador, revealing wide, high-grade gold and silver intercepts that promise resource expansion and improved mine economics.