Latest Mine Development News

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.

Maronan Metals has significantly upgraded its Maronan deposit resource, doubling indicated silver-lead tonnage and adding near-surface copper-gold resources, setting the stage for imminent economic assessment results and development progress.

Group 6 Metals Limited has reported record quarterly tungsten production and sales, completed a major recapitalisation reducing debt, and is transitioning from open cut to underground mining at its Dolphin Tungsten Mine.

Critical Minerals Group (CMG) has made significant strides in its vanadium battery energy storage solutions and upstream mine development, supported by a $2.7 million entitlement offer. The company is targeting delivery of vanadium flow battery projects by 2026 amid growing demand for long-duration energy storage in Australia.

Venus Metals Corporation has made significant progress at its Bellchambers Gold Project with the granting of a mining lease and encouraging drilling results, while advancing base metals exploration at Youanmi.

Albion Resources has agreed to sell its Mongers Lake Project to Capricorn Metals for an upfront A$1.5 million, with additional milestone payments tied to resource and mining developments. This deal allows Albion to sharpen its focus on its high-grade Yandal West Gold Project.

Native Mineral Resources has completed its first gold pour at the Blackjack Gold Project, marking a key milestone as it advances toward full production ramp-up in August 2025. The company also secured a $10 million placement to support its growth plans.

Capricorn Metals has agreed to acquire the Mongers Lake Project adjacent to its Mt Gibson Gold Project, aiming to unlock new gold resources in Western Australia. The $1.5 million deal includes cash and shares, with milestone payments tied to resource and mining developments.

Estrella Resources has made significant strides in its maiden manganese drilling campaign in Timor-Leste, confirming high-grade mineralisation and advancing a major limestone marketing agreement with an Indonesian partner.

Ballard Mining has kicked off an extensive drilling campaign at its Mt Ida Gold Project, confirming high-grade gold resources at the Baldock deposit and advancing exploration across multiple high-priority targets.

Zimplats reported a 14% rise in mined volumes and a 21% increase in final metal output year-on-year, alongside a 20% drop in cash costs per ounce, driven by operational gains and smelter expansion.

Mindax Limited strengthens its position in Western Australia's Mid-West iron ore sector with a strategic investment in Cashmere Iron and an option to acquire full ownership of the Mt Forrest project.