Latest Life Of Mine Plan News

Kingston Resources has reported high-grade polymetallic drilling results across Mineral Hill while advancing a 25,000-metre FY27 campaign and planning resource and reserve updates. The company ended September with A$14.54 million in cash and no debt, but the mine remains on care and maintenance and its strategic review has no guaranteed outcome.

Silver Mines has entered the final stretch of the Bowdens approval process after reporting a 93.5 million ounce silver reserve, a completed A$26 million royalty consolidation and A$70 million of new funding. The project’s headline 26-year economics remain partly dependent on a Stage 2 design that is not yet at definitive feasibility level.

Black Cat Syndicate maintained its FY27 production and cost guidance despite a capital-heavy quarter that pushed cash and liquid investments down by A$27.7 million. Paulsens remained steady, while Kal East’s ramp-up and a new A$30 million cash improvement program now dominate the execution story.

Southern Palladium’s updated study has lifted the Bengwenyama project’s post-tax NPV to US$1.96 billion, driven by sharply improved chrome recovery and a stronger commodity price deck. The project still needs a definitive feasibility study, permits, funding and commercial offtake arrangements before those figures can be tested in development.

West African Resources produced a record 127,950 ounces of gold in the September quarter, keeping its 2026 guidance within reach. Strong output at Kiaka offset weaker Sanbrado production, although explosives permitting remains an unresolved operational constraint.

Jupiter Mines delivered above-target production and sales at its Tshipi manganese mine in FY26, but higher costs and a stronger South African rand pulled group profit lower. The year also brought a new majority co-investor, a leadership transition and fresh questions around the mine’s resource and reserve base.

Maritana Minerals has increased the Burbanks Gold Project’s Mineral Resource by 62% to 755,000 ounces, pushing group resources above 2 million ounces. The growth is concentrated at Burbanks North, but the inventory remains predominantly Inferred and has yet to support an Ore Reserve.

Black Cat Syndicate has extended gold mineralisation beyond the current resource boundary at Trojan after completing a 56-hole, 6,804-metre RC drilling program. The results support further drilling and a potential resource upgrade, although the new intercepts are exploration results rather than an updated Mineral Resource.

St Barbara will sell its remaining New Simberi interest and Tabar Islands exploration exposure to Lingbao for A$453 million in cash, while retaining royalties over future production. The deal could leave the gold developer with about A$880 million in cash, but completion still depends on regulatory and potentially shareholder approvals.

Aeris Resources delivered FY26 production within guidance while building a much larger investment program around Tritton, including the Constellation and Mallee Bull developments. The company enters FY27 with no debt, $202 million in cash and receivables, and a sharper test of whether higher spending can convert expanded resources into longer mine life and production.

Black Cat Syndicate has appointed mining veteran Chris Stone as Acting Managing Director, with the interim arrangement beginning immediately and running indefinitely. Stone will earn $600,000 a year plus superannuation while the company searches for a permanent appointment.

Vault Minerals has reported a 9% increase in its 2026 Ore Reserves to 3.9 million ounces of gold, driven by notable gains at its Leonora and Deflector operations, underpinning a robust production outlook through FY29.