Latest Mine Development News

Hillgrove Resources has secured the right to earn an 80% stake in the Mutooroo Copper Project through a farm-in deal with Havilah Resources, leveraging its Kanmantoo processing plant to potentially boost copper output with lower capital risk.

Redcastle Resources has secured A$2 million through a discounted share placement aimed at accelerating exploration and advancing its development projects across its Eastern Goldfields portfolio.

Maronan Metals has landed a $22 million strategic investment from Kinterra Capital, boosting its cash reserves to $36.6 million and fully funding an expanded 2026 drilling campaign and Preliminary Feasibility Study for its Maronan Project.

Aguia Resources has implemented optimized narrow vein mining at its Santa Barbara Gold Project in Colombia, pushing head grades to 12 g/t Au and improving recoveries, signaling a step-up in production quality.

Everest Metals Corporation (ASX: EMC) has upgraded its Mt Edon Critical Minerals Project resource to 4.3 million tonnes at 0.23% Rb2O, enhancing grade, tonnage, and confidence ahead of a mining proposal submission expected to gain approval by late 2026.

Rumble Resources has locked in a toll milling and blending agreement with Gylden Resources and Kirkalocka Gold to process 100% of Western Queen gold ore at Kirkalocka’s plant, enabling faster cash flow and reduced capital expenditure.

Legacy Iron Ore Limited has wrapped up Phase I mining at Mount Celia, pivoting to develop a heap leach processing facility while reporting a 77% surge in measured and indicated gold resources. The company also progresses its Mount Bevan iron ore joint venture amid ongoing exploration and feasibility studies.

Challenger Gold's Pre-Feasibility Study for the Hualilan Project delivers a robust US$1.45 billion pre-tax NPV, 1.84 million ounces gold equivalent production, and a low upfront capital strategy.

Ora Banda Mining has significantly expanded its gold resources and reserves at Waihi and Round Dam, while greenlighting a $375 million new mill and Waihi Underground development as part of its DRIVE to 300 growth plan.

Maronan Metals has reported robust assay results from its 2025 infill drilling, revealing significant shallow copper-gold and silver-lead mineralisation that could boost early mining inventory. A revised boxcut design also promises to cut excavation volumes substantially.

Medallion Metals has unveiled multiple high-grade gold-copper-silver intercepts from its Kundip Mining Centre drilling, boosting confidence in early mine plan stages before underground development begins in August 2026.

Maronan Metals is set for a leadership change as Managing Director Richard Carlton steps down in December 2026, with a CEO search underway to guide the project through feasibility and mine development.