Latest Mine Development News

Audalia Resources is raising $500,000 through a share placement to fund critical development and regulatory steps at its Medcalf Project, aiming to advance mining permits and design.

MetalsTech Limited’s substantial shareholders have finalized an off-market sale of 23.6 million shares, raising over $11 million and reshaping the company’s ownership landscape.

Manhattan Corporation has significantly expanded its Hook Lake exploration footprint in Nunavut, staking new claims and preparing a detailed magnetic survey to unlock the project's gold and polymetallic potential.

Locksley Resources appoints Kerrie Matthews as CEO and Danny George as COO to fast-track the Desert Antimony Mine and establish a U.S.-based antimony supply chain. Their leadership aims to overcome critical supply chain gaps amid rising demand.

Lunnon Metals reports robust high-grade gold assay results from its Lady Herial deposit, reinforcing confidence in its upcoming open pit development plans within the Kambalda Gold & Nickel Project.

Santana Minerals has reported a significant high-grade gold intercept extending the Rise and Shine deposit 250 metres down plunge, suggesting a potentially much larger orebody and longer mine life.

Forrestania Resources has completed its acquisition of the British Hill Gold Project near Southern Cross, Western Australia, and appointed MBS Environmental to lead mine development planning.

Tolu Minerals has completed a groundbreaking airborne LiDAR survey over its Tolukuma prospects, delivering ultra-precise topographic data to guide targeted drilling and infrastructure planning.

Javelin Minerals has partnered with MEGA Resources to fully fund and operate the Eureka Gold Project, setting the stage for mining to begin in mid-2026. The deal includes a $4.5 million capital raise and a strategic leadership appointment to drive exploration and production growth.

Cobalt Blue Holdings has secured a crucial works approval for its Kwinana Cobalt Refinery, pushing Australia’s first dedicated cobalt processing plant closer to a final investment decision by the end of 2025.

Rumble Resources Limited has launched a $2 million non-renounceable entitlement offer following a $7 million placement, aiming to fund exploration and development activities at its Western Queen Gold Project. The offer opens on 16 September and closes on 26 September 2025.

West Wits Mining has raised $17.5 million through a discounted share placement to accelerate gold production at its flagship Qala Shallows project in South Africa. This capital injection, alongside existing loans, positions the company to advance toward steady-state output.