Latest Mine Life Extension News

Ora Banda Mining Limited reports continued strong drill results expanding gold mineralisation at its Little Gem prospect and Riverina Gold Camp, with Phase 3 drilling extending mineralisation to 1,200 metres strike and 700 metres depth. A Phase 4 drill program is planned to support a Maiden Mineral Resource Estimate in 2026.

Greatland Resources has kicked off FY26 with a drilling program at Telfer that has already surpassed targets, revealing a promising new high-grade zone underground and advancing multiple resource extensions.

Larvotto Resources reports strong first-pass diamond drilling results at its Blacklode Prospect within the Hillgrove Project, revealing wide zones of high-grade gold and antimony mineralisation. These findings underpin plans for a resource upgrade and signal promising exploration upside near existing infrastructure.

Kalamazoo Resources has significantly increased the Mt Olympus underground gold resource and identified a substantial exploration target, setting the stage for a potential mine life extension at the Ashburton Gold Project.

Ballard Mining advances its Mt Ida Gold Project with strategic land acquisitions, new mining lease applications, and a pending water licence increase, underpinning plans for a decade-long mine life.

VHM Limited has reaffirmed the scale of its Goschen Project with updated Mineral Resource and Ore Reserve estimates, adopting a more cautious approach for Area 1 that enhances mine plan confidence while leaving substantial upside for future growth.

TerraCom Limited has extended the life of its Blair Athol Mine to 2033, supported by a robust 2025 JORC Code Resource and Reserve update. This reinforces the mine’s status as a low-cost, long-life asset underpinning stable cash flow and growth potential.

29Metals maintains steady copper output at Golden Grove despite seismic disruptions to zinc production, while progressing key growth projects and regulatory steps toward Capricorn Copper’s restart.

Brightstar Resources has reported a remarkable 91% increase in gold production at its Laverton underground mines for the September quarter, setting a new company record. The ramp-up at the Fish mine and ongoing exploration efforts signal strong growth potential.

Western Gold Resources has raised $6.75 million in a heavily oversubscribed placement, fully funding its Gold Duke Project and setting the stage for production to begin late this year.

Yancoal Australia Ltd reported a sharp 61% drop in net profit for the first half of 2025 amid falling coal prices and supply chain disruptions, despite a 15% rise in production. The company declared a fully franked interim dividend and is advancing strategic acquisitions and sustainability initiatives.

Vault Minerals projects steady gold production in FY26 with growth through FY28, driven by key plant upgrades and the anticipated restart of Sugar Zone operations. The company plans significant capital and exploration investments while preparing to fully unwind its hedge book.