Latest Mine Life Extension News

KGL Resources says its Jervois copper project is funded through construction and ramp-up after a US$300 million Wheaton agreement and a post-year-end A$300 million equity raising. The company is now targeting a final investment decision in the second half of 2026 and first copper concentrate in 2028, while its annual report highlights the execution risks still attached to that timetable.

WIN Metals has lodged two major Western Australian permit applications covering the proposed restart of its Radio Gold Project. The milestone advances the project toward construction, but funding, approvals and a final investment decision remain outstanding.

Western Gold Resources is pursuing multiple processing alternatives for Gold Duke after Wiluna Mining deferred third-party tolling, while revising the project’s study around a larger resource. The company is also considering corporate opportunities, but no processing agreement, transaction or expanded mine plan has been secured.

Boab Metals has reported high-grade silver-lead intercepts outside the current Sorby Hills FEED Study pit designs, led by 12.62 metres at 204g/t silver equivalent. The results have pushed the company to extend its growth drilling program as it assesses potential resource, reserve and mine-life additions.

Ore Resources has extended lithium mineralisation beyond the current resource boundaries at its Big Red and Potoroo pegmatites, with drilling still open to the north and west. The results add exploration upside to Kangaroo Hills as the company advances strategic discussions and approvals for a potential DSO operation.

Rox Resources has started surface diamond drilling at Youanmi, targeting resource conversion, incremental growth and deeper extensions of the high-grade United North system. The campaign could support future reserve growth and mine-life extensions, but its value still depends on drilling results that have yet to arrive.

Catalyst Metals has lifted the Keillor gold Resource from 81koz to 307koz after a major drilling campaign, while the operating mine ramps up near the Plutonic processing plant. The company expects an Ore Reserve update to extend Keillor’s initial three-year mine life.

Brightstar Resources says construction of its 1.5Mtpa Laverton processing plant remains on schedule and within budget, with first gold still targeted for June 2027. The update also marks the end of underground mining at Second Fortune as the company shifts towards commissioning and new mine development.

Vault Minerals has reported a 9% increase in its 2026 Ore Reserves to 3.9 million ounces of gold, driven by notable gains at its Leonora and Deflector operations, underpinning a robust production outlook through FY29.

Brazilian Rare Earths (ASX: BRE) has delivered a substantial expansion of its Monte Alto rare earths deposit with approximately 10,000 meters of new drilling revealing ultra-high-grade mineralisation beyond the existing resource boundaries and opening a northern growth corridor.

South32 has boosted the Sierra Gorda copper mine’s Ore Reserves by 61%, extending its reserve life by five years to 2045, underpinned by extensive infill drilling and a planned processing expansion.

Alkane Resources delivered a transformational FY26 with a 590% surge in net profit to A$228.7 million, driven by its merger with Mandalay Resources and record gold equivalent production. The company declared its first fully franked dividend and confirmed solid FY27 guidance.