Latest Mine Infrastructure News

DPM Metals has reported robust high-grade gold-copper-silver intercepts from its Wedge Zone Deep prospect beneath the Chelopech mine, aiming for a resource estimate by year-end 2026.

Variscan Mines (ASX:VAR) has secured $690,000 in the first tranche of a $5 million placement, issuing 174 million shares at $0.004 each to new sophisticated investors. The capital raise supports ongoing development at the Novales-Udias zinc-lead project in Spain, which recently reported a JORC resource.

Evergold Minerals has kicked off a 3,000m reverse circulation drilling campaign at its Mt Monger Gold Project, aiming to confirm high-grade gold mineralisation at Duchess of York and test a newly defined intrusive-related target at Gladiator.

MB Gold has completed a heritage survey at its Razorback Prospect with Nyamal Traditional Owners and terminated a 0.75% net smelter royalty by issuing shares to First Au, paving the way for a planned 6,000-metre drill campaign in late 2026.

GR Engineering Services has been appointed preferred contractor for Ora Banda's $233 million Davyhurst Expansion Project, marking a major EPC win in WA's gold sector.

Rox Resources has finished dewatering the Youanmi Main Pit and is advancing underground mining and infrastructure, positioning the project on track for production.

EVZ Limited projects full year revenue between $120 million and $125 million for FY26, alongside an EBITDA forecast of $8.5 million to $9 million, reflecting improved margins and operational efficiency.

Redcastle Resources is accelerating its shift from exploration to production, with mining operations set to start by late May 2026 under a capital-light joint venture with BML Ventures.

Nexus Minerals has formalised a partnership with Macro Gold Mining Services to develop the Crusader-Templar gold deposit, marking a key step towards production backed by recent permitting and a profit-share funding model.

Lodestar Minerals has confirmed visible copper and IOCG-style mineralisation in its second drill hole at the Three Saints Project, extending the mineralised system over a 700-metre strike length. Drilling is ongoing with assay results expected by early July.

Toubani Resources has kicked off construction at its Kobada Gold Project in Mali following a positive Final Investment Decision, while securing a US$83.5 million financing package to support development.

Octava Minerals has delivered its first drilling results in nearly 50 years at the Federation Project in Tasmania, revealing significant copper, indium, tin, antimony, lead, and zinc mineralisation across multiple styles.