Latest Life Of Mine Plan News

Astral Resources has secured a pivotal Land Use Agreement with the Marlinyu Ghoorlie Native Title Claim Group, clearing the way for funded development of the Think Big Gold deposit in Western Australia.

Fortescue Metals Group kicked off FY26 with record iron ore shipments and strengthened its decarbonisation strategy through new partnerships and a $2 billion Renminbi loan.

Ora Banda Mining Ltd reported a record September quarter with a 39% surge in gold production and a 37% rise in gold sales, underpinned by strong operational performance and exploration success.

Horizon Minerals reported steady gold production from Boorara and Phillips Find, unveiled promising high-grade drilling results at Burbanks, and acquired the Gordons Project near Black Swan, while progressing a key Pre-Feasibility Study for a gold processing plant conversion.

Ora Banda Mining's latest drilling at Sand King Underground reveals significant high-grade gold mineralisation 300 metres beyond current life of mine plans, expanding the resource footprint and boosting production potential.

Mineral Resources Limited has released its inaugural Mineral Resources and Ore Reserves statements for the Pilbara Hub, revealing a substantial 161 million tonnes resource and 50.7 million tonnes reserve at robust iron grades. The inclusion of the Lamb Creek deposit promises to extend the hub’s production profile by five years, pending approvals.

Fortescue Metals Group reported a solid US$3.4 billion net profit for FY25, driven by record iron ore shipments and a strong balance sheet, while advancing ambitious decarbonisation and green energy projects.

St Barbara Limited reported a $52 million underlying loss for FY25, driven by investments in its Simberi Expansion Project and operational challenges. The company classified its Atlantic operations as discontinued, recognizing a $38 million impairment, while completing a $100 million capital raise to support growth.

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.

Horizon Minerals has executed a binding agreement to acquire the Gordons Dam and adjacent gold projects near its Black Swan processing plant, adding an inferred resource of 20,000 ounces and promising exploration upside.

Burgundy Diamond Mines has updated its Ekati Diamond Mine Life of Mine plan through 2040, extending Misery underground operations and advancing the Fox Underground project with strong economic prospects.

Horizon Minerals reported steady gold output from Boorara and Phillips Find projects, generating nearly A$39 million in revenue for the June quarter, while progressing a major plant conversion study and securing $30 million in new funding.