Latest Mine Development News

Alkane Resources has expanded its Storheden gold resource near the Björkdal mine in Sweden, adding Indicated Resources and increasing contained gold by 26%. Recent drilling revealed high-grade veins along a 2.7 km strike, with mineralisation still open in multiple directions.

High-Tech Metals has released an updated Mineral Resource Estimate for its Wagtail Gold Deposit, boosting geological confidence and underpinning ongoing development work.

Australian Silica Quartz Group (ASQ) reports promising kaolin beneficiation results from its White Swan Project, with dry processing boosting kaolinite content to 83% and early ceramic tests confirming product quality. Chinese market feedback signals robust demand amid dwindling domestic supplies.

Akora Resources has successfully raised $3.3 million through a placement and entitlement offer, advancing its high-grade Bekisopa iron ore project in Madagascar following a key mining permit grant.

Auric Mining has kicked off an extensive drilling program at its Munda Gold Mine, aiming to extend resources and advance mine development following a recent 32% resource increase and encouraging Scoping Study results.

Lake Resources has raised A$3.8 million through an at-the-market placement priced above recent trading levels, earmarked for environmental and power optimisation work at its Kachi lithium project.

Minerals Exploration Limited has completed its first phase of diamond drilling at the historic Jubilee Gold Mine within the Waitekauri Gold Project, confirming multiple quartz-mineralised zones and exceptional high-grade rock chip assays. Exploration continues with promising results at the Invincible Gold and Glenorchy Tungsten projects.

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.