Latest Mine Life Extension News

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.

Orezone Gold Corporation’s latest drilling at Bomboré reveals significant extensions and high-grade zones, setting the stage for a material resource and reserve upgrade expected in early 2027.

Sky Metals releases a Pre-Feasibility Study confirming Tallebung's robust economics with a 7.3-year mine life, strong cashflows, and rapid capital payback, targeting mid-2028 production.

Brightstar Resources reports steady July progress at its Goldfields Project, maintaining schedule and budget for first gold production in mid-2027 with key infrastructure milestones reached.

KGL Resources has secured comprehensive funding for its Jervois Copper-Silver-Gold Project, combining a US$300 million streaming deal and a A$300 million equity raise, positioning the project for construction start in Q3 2026 and first copper output in 2028.

Kaiser Reef delivered 6,000 ounces of gold in Q2 2026, maintained a robust A$37.2 million cash position, and advanced exploration at its Maldon Gold Project with new drilling and soil survey results.

Boab Metals has secured key contracts and financing milestones, accelerating the Sorby Hills Silver Lead Project with first production slated for H2 2027.

Kingsgate Resources hit its FY26 production target with 86,078 ounces of gold and outperformed cost guidance, while advancing key assets and joining the ASX200.

Odyssey Gold’s Stage 1 Scoping Study for Tuckanarra outlines a low-capital, near-term production of 79,000 ounces of gold, backed by a toll milling agreement at Kirkalocka and an updated resource base of 451,000 ounces.

Greatland Resources (ASX:GGP) exceeded its FY26 production and cost guidance, delivering 329koz of gold at a $2,179/oz AISC and bolstering cash to $1.29 billion. The company advanced key growth projects at Havieron and Telfer, including a major reserve upgrade and promising drilling results at Pinnacles.

Australian Critical Minerals has completed its initial diamond drilling at the Flint Project in Peru, revealing a substantial high-sulphidation hydrothermal system and signs of porphyry-style mineralisation. Assay results from the standout drill hole are awaited, with further drilling planned to explore the system’s broader extent.

EQ Resources delivered a breakout quarter with A$79 million revenue and A$22.5 million operating cash flow, driven by a 176% production surge at Mt Carbine and soaring tungsten prices. The company greenlit a major expansion to double crushing capacity, targeting commissioning in Q3 FY2027.