Latest Mine Development News

Astral Resources has reported significant deep gold mineralisation extending well below the current Theia Deposit resource at its Mandilla Gold Project, alongside ongoing in-fill drilling to upgrade open pit resources.

Theta Gold Mines has secured US$18.6 million via placement and options exercise, completing equity funding for its US$90 million bond and advancing the TGME Gold Mine towards first production in early 2027.

KGL Resources has locked in a conditional placement raising approximately A$180 million as part of a broader A$300 million equity raise to fully fund the Jervois Copper Project. The placement attracted strong backing from major shareholders and global institutions, setting the stage for construction and production milestones.

Mount Hope Mining has engaged R.W. Corkery & Co to lead environmental baseline studies and prepare for an Environmental Impact Statement at its Mt Solitary gold project, a crucial step towards mining approvals in NSW.

Krakatoa Resources has kicked off its 2026 drilling campaign at the Zopkhito Project in Georgia, aiming to convert a significant foreign resource estimate into a JORC-compliant Mineral Resource Estimate while advancing early mine development studies.

Platina Resources has secured full ownership of the Sunrise Bore Project near Laverton, WA, and kicked off a 2,775-metre drilling program targeting a historically mineralised gold corridor.

KGL Resources has launched a A$300 million equity raising to complete funding for the Jervois Copper Project, combining it with a US$300 million streaming deal and existing cash to fully finance construction and production.

29Metals has reported strong drilling results from its 2026 program at Golden Grove, confirming high-grade copper, zinc, gold, and silver extensions at Oizon and Amity. Development at Oizon is progressing with first ore expected by year-end, underpinning mine flexibility and potential cost efficiencies.

Polymetals Resources has confirmed that substantial high-grade mineralisation remains intact near a previously assumed collapse zone at the Endeavor Mine, with initial drilling results exceeding expectations.

Akora Resources has completed a $3.3 million equity raise combining a $1.6 million placement and a modest $187,000 entitlement offer, positioning the company to push forward with mine development following its recent mining permit grant.

Rumble Resources has boosted its Western Queen gold mineral resource to 433,600 ounces, including a 54% jump in Indicated Resources and a fresh high-grade zone of 52,500 ounces at 11.3 g/t gold. The upgrade follows extensive drilling and will feed into a September Bankable Feasibility Study, keeping production on track for 2027.

Aguia Resources reports significant cost reductions and stable high-grade gold feed at its Santa Barbara Gold Project, despite a temporary dip in production as underground development advances.