Latest Mine Operations News

BMG Resources has raised $2.5 million in a placement led by Tribeca Investment Partners to fund an expanded drilling program at its Abercromby Gold Project and advance exploration at Bullabulling. The company also welcomes Ben Pollard as its new CEO to spearhead growth.

Matsa Resources has completed processing its second campaign of gold ore from the Devon Pit, producing 23 gold doré bars valued at approximately $25.2 million, with mining for Campaign 3 already underway.

CuFe, Emmerson, and Tennant Minerals have won $600,000 in matched government grants to fund a feasibility study for a shared critical minerals processing facility in Tennant Creek, aiming to boost regional mining development.

5E Advanced Materials is raising up to $36 million through a stock offering to fund the development of its Fort Cady boron and lithium project in California. The capital raise comes amid ongoing concerns about the company’s ability to continue as a going concern without further financing.

The Tennant Creek Copper Alliance has won $600,000 in government grants, matched by the partners, to fund a feasibility study for a shared critical minerals processing facility. This initiative aims to unlock the economic potential of copper, gold, silver, and bismuth resources in the Northern Territory.

Dreadnought Resources has successfully extended the strike of its high-grade Metzke’s Find gold resource at the Illaara Project, delivering promising assay results from a recent drilling campaign that could significantly boost near-term production ounces.

Redcastle Resources has confirmed a broad, low-grade gold mineralised system at Morgan’s Castle East, with potential for higher-grade zones. Meanwhile, drilling at Sligo identified a promising aquifer that could support future mining operations.

Bellavista Resources Ltd has agreed to acquire up to 80% of the Pickle Crow Gold Project in Ontario, Canada, adding a 2.8 million ounce inferred gold resource at 7.2g/t to its portfolio. The company is raising A$25 million to fund aggressive exploration and development activities.

Pivotal Metals has revealed ore sorting test results at its Horden Lake project that deliver up to a 2.1 times uplift in copper grade, promising substantial cost savings and flexible development options in Quebec’s Tier 1 mining jurisdiction.

Patriot Resources has appointed mining engineer and finance expert Dominic Duggan as CEO to spearhead development of its high-grade silver and gold projects across Peru, Zambia, and Canada.

Strickland Metals has reported compelling new drilling results at its Gradina Deposit in Serbia, revealing strong gold and base metal mineralisation that extends beyond the existing 1.2 million ounce resource. These findings highlight significant growth potential within the Rogozna Project.

Ora Banda Mining’s Phase 1 drilling at Round Dam reveals a significant gold mineralisation system with multiple high-grade shoots, indicating strong potential for large-scale surface mining near existing infrastructure.