Latest Drilling And Blasting News

Matsa Resources has reported a $39.4 million FY2026 loss, negative net assets and a $28 million operating cash outflow after Devon operated at a loss and was suspended following a contractor dispute. A $55 million AngloGold tenement sale offers a potential liquidity reset, but the annual report says material uncertainty remains over the group's ability to continue as a going concern.

Aquirian has begun mobilising at Brightstar Resources’ Lord Byron site and started a $200,000 grade control drilling program. The work is the first operational step under a broader three-year contract valued at approximately $48 million.

Rokeby Resources has defined a maiden 6,100-ounce Inferred JORC resource at the Maude tailings stockpile in Victoria, adding to a broader 17,497-ounce surface stockpile inventory. The opportunity is shallow and potentially low-capital, but the estimate still rests on historical data, assumed density and incomplete metallurgical evidence.

Aquirian has completed its Wubin Energetics Hub upgrade within budget and is preparing Drillforce to begin work at Brightstar Resources’ Lord Byron project under a contract valued at approximately $48 million over three years. The company also says Collar Keeper sales remain strong, while a biodegradable version moves towards commercialisation.

TG Metals has outlined a preliminary A$26.8 million pre-tax NPV for a low-capital heap leach operation at its Van Uden Gold Project in Western Australia. The economics are striking, but the study remains an early-stage assessment reliant on further drilling, approvals, financing and technical work.

Lindian Resources says its Kangankunde rare earths project in Malawi has stockpiled about 125,000 tonnes of ore ahead of schedule as construction shifts toward commissioning and first monazite concentrate targeted by year-end. The company also lifted the annual base salaries of its two senior executives to A$1 million each.

Forrestania Resources has signed agreements giving it access to up to 2 million tonnes of third-party ore and a five-year framework for future mining services. Initial supply is expected from stockpiles at MEGA Resources’ Taipan open pit, although volumes, timing and financial returns remain uncommitted.

Fenix Resources has announced a maiden Ore Reserve of 26.9 million tonnes at 60.0% iron for its Beebyn Hub, combining the updated Beebyn-W11 and new Beebyn-W10 Stage 1 mines. This reserve underpins the company’s plan to ramp production to 6 million tonnes per annum by FY28 and secures over five years of mine life at current rates.

NRW Holdings has secured a $960 million extension for its mining services contract at the Karara mine, prolonging its operational role until February 2032 with largely unchanged service scope.

Macmahon Holdings has locked in a $485 million, 42-month contract extension at the Telfer Gold Mine, expanding its mining services footprint in Western Australia and reinforcing a decade-long partnership with Greatland Resources.

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.

Lindian Resources confirms Kangankunde Rare Earths Project remains on track for first production in late 2026, with concurrent progress across construction, mining, and operational readiness. The company is expanding its operational footprint internationally and strengthening its team to support the transition from construction to production.