Latest Mine Operations News

Chatham Rock Phosphate has secured a definitive financing agreement with Wetstone Global that doubles an existing loan to USD 300,000 and converts it into a 30% equity stake, granting Wetstone majority board control and potential for up to 70% ownership upon project milestones.

Tusker Minerals spotlights thick, high-grade heavy mineral sands near Cameroon's Douala port, targeting a low-cost development pathway with a pending JORC Exploration Target and planned infill drilling.

Neometals is pivoting towards gold production with a funded JV at its Barrambie Ironclad deposit, while simultaneously progressing a substantial lithium-potash brine project in Utah.

Freehill Mining’s aggregates division hit a new monthly sales high of $427,766 in April, a 23% jump from March, driven by operational upgrades and nearing completion of a key crusher installation. This momentum underpins its strategy to fund copper project development in Chile.

Brightstar Resources has secured full funding for its Goldfields Project, targeting 75,000oz gold production annually from mid-2027, while advancing the Sandstone Project towards a potential Tier-1 development with production aimed for 2029.

Axel REE reports thick, shallow rare earth mineralisation with strong heavy rare earth enrichment at Woolrich, underpinning plans for an Indicated resource upgrade and in-situ recovery trials.

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.

MC Mining has secured a US$90 million capital injection from Kinetic Development Group, which now holds a 51% controlling stake, accelerating the Makhado Project towards production. New board appointments signal a strategic shift as the company pivots from development to operational ramp-up.

Lefroy Exploration has revised its Mt Martin gold resource estimate to 460,000 ounces at 1.6 g/t, marking a 5% increase driven by economic reclassification and deeper inferred resources. The company is advancing a 4,000m drilling program targeting high-grade extensions, with a scoping study set for the June quarter.

Admiralty Resources has commissioned the transmission line at its Mariposa Iron Ore Project, securing direct grid power and reducing reliance on costly fuel generators.

Cosmo Metals has locked in a diamond drill rig to advance its high-impact program at the Kanowna Gold Project, targeting deep gold mineralisation near the Fitzroy Fault with government co-funding.

Avira Resources has cleared all major regulatory and heritage hurdles to kick off a 4,500-metre RC drilling campaign at its high-grade Mt Cattlin Gold Project, aiming for a maiden resource estimate by year-end.