Latest Infrastructure Upgrades News

MGX Resources is accelerating development at its Central Tanami gold project with underground exploration and resource drilling, while monetising Koolan Island through a $20.2 million sale plus future revenue share, bolstering its cash reserves.

Ora Banda Mining delivered a record 39,552 ounces of gold in the June quarter, meeting full-year guidance with 141,000 ounces produced. The company generated strong operating cash flow and unveiled a transformational growth plan targeting 300koz annual production by FY29.

Nelson Resources has kicked off metallurgical testing on samples from its high-grade Orleans Mine and completed underground rehabilitation, setting the stage for a follow-up core drilling program to extend known mineralisation at the Gold Point Project in Nevada.

Admiralty Resources has pushed its Mariposa Iron Ore Project into pre-production, completed initial shipments, and raised $7 million in a rights issue, while reporting a $4 million loss for FY25 amid ongoing operational and financial challenges.

Delorean Corporation has received a $1.66 million milestone payment from ARENA, advancing its SA1 Salisbury bioenergy facility towards renewable gas production and multiple revenue streams.

Variscan Mines is set to begin a 1,430-metre diamond drilling campaign at its Guajaraz polymetallic project in central Spain, aiming to test high-priority zinc and associated base metal targets and secure a tenement extension.

Austral Resources Australia Ltd has tabled a non-binding proposal to acquire Hammer Metals Ltd at A$0.087 per share, outbidding Larvotto Resources and aiming to bolster its Rocklands copper operations with a substantial new feed source.

Fenix Resources delivered a record 1.3 million tonnes shipment in June quarter, meeting FY26 guidance with 4.4 million tonnes and setting a 14% higher FY27 target while holding costs steady.

Pioneer Minerals has completed a critical airborne VTEM survey over its Springfield Tungsten-Gold-Gallium Project in Idaho, setting the stage for maiden drilling after integrating multiple datasets and securing key approvals.

Zeotech Limited has extended its offtake agreement with Jiangsu Mineral Sources International Trading Co. to April 2027, while completing a major drilling campaign and securing key environmental and infrastructure approvals at the Toondoon Kaolin Project.

Prodigy Gold is progressing key regulatory approvals to restart mining at its Old Pirate gold mine, supported by encouraging ore sorting testwork that significantly upgrades gold grades and promises operational efficiencies.

Alma Metals has acquired a fully equipped 16-person exploration camp at its Briggs Copper Project, enabling a second drill rig deployment and accelerating resource growth and pre-feasibility studies.