Latest Mine Development News

Medallion Metals has reported significant high-grade drilling results extending the Gem deposit at its Kundip Mining Centre, reinforcing growth potential and supporting the early mine plan at the Ravensthorpe Gold Project.

Piche Resources (ASX:PR2) has kicked off a $2.5 million non-renounceable entitlement offer to fund exploration in Argentina and potential acquisitions, alongside a key board change.

Javelin Minerals confirmed continuity and expansion of its Eureka Gold Project resource with high-grade drill results, advanced permitting milestones, and expanded tenure at Coogee. A $1.5 million placement to mining executive David Geraghty strengthens the company’s cash position for upcoming exploration.

Astral Resources has delivered robust assay results from its ongoing in-fill drilling at the Theia deposit, underpinning a resource upgrade and further de-risking the early development phase of the Mandilla Gold Project near Kalgoorlie.

Krakatoa Resources is pushing its 2026 drilling program at the Zopkhito Antimony-Gold Project two months ahead of schedule, advancing toward a maiden JORC-compliant mineral resource estimate with multiple technical workstreams underway.

Meeka Metals reports significant high-grade gold intersections well below the Turnberry Ore Reserve, coinciding with a strategic shift from open pit to underground mining amid contractor productivity issues.

Flynn Gold has secured a key regulatory milestone by registering Mining Lease Application 6M/2026 over part of its Golden Ridge Project in northeast Tasmania, enabling accelerated development including resource drilling and environmental studies.

Horizon Gold's Definitive Feasibility Study for the Gum Creek Project outlines a robust 10-year open pit mine plan with strong financial returns and production targets, setting the stage for a Final Investment Decision in mid-2027.

Rox Resources has secured full permits and major contracts to push forward construction at Youanmi, with mining and processing plant works advancing towards a mid-2027 gold pour.

Maritana Minerals is pushing ahead with its Black Swan Processing Hub development, targeting 100,000 ounces of gold production by H2 2027, supported by a strong cash position of $229.5 million.

Orbminco has completed key drilling and metallurgical milestones at Majestic North, keeping its development timeline on track for a September Mining Development and Closure Proposal lodgement and final investment decision.

Fenix Resources delivered record iron ore shipments and haulage volumes in the June 2026 quarter, achieving full-year FY26 production within guidance while maintaining cash costs. The company strengthened its balance sheet with a US$44 million funding facility and forged a new freight partnership to reduce shipping costs.