Latest Mine Operations News

Mount Ridley Mines has completed its recent entitlement offer, raising $190,910 but leaving a significant shortfall of shares unsubscribed. The company now faces decisions on how to manage the remaining 202 million shares.

Brightstar Resources reports underground mining operations at its Laverton Hub are significantly ahead of schedule, targeting a +50% quarter-on-quarter production increase in the September quarter. The Fish Mine has turned cash flow positive, underpinning a robust growth outlook.

Orbminco’s maiden drilling at Majestic North confirms robust shallow gold mineralisation, underpinning its planned acquisition of the project. High-grade intercepts highlight promising exploration upside.

Variscan Mines has acquired extensive historic drilling data over newly granted licences in northern Spain, revealing significant high-grade zinc and lead mineralisation and unlocking a district-scale exploration opportunity.

Celsius Resources has reported significant high-grade copper and gold drilling results at its MCB Project in the Philippines, alongside securing a conditional water permit crucial for advancing project development.

Zeotech Limited has locked in a binding five-year offtake agreement with MSI, granting exclusive marketing rights for its kaolin products across key Asian markets. This deal, valued at approximately AUD 204 million, sets the stage for early cash flow generation and advancement of its low-carbon concrete additive project.

Theta Gold Mines has officially begun construction at its flagship TGME Gold Mine in South Africa, securing key contracts and funding support that pave the way for production by early 2027.

Koonenberry Gold (ASX, KNB) reports promising soil sampling results from its Wilga Flats Project in NSW, revealing a 4.2km gold and base metal anomaly akin to the nearby Cowal Gold Mine. The company aims to progress these targets to drill-ready status backed by a strong cash position.

Vault Minerals reports a 31% increase in gold Ore Reserves to 4 million ounces and a 3% rise in Mineral Resources to 12.2 million ounces as of June 2025, driven by strong growth at Leonora, Sugar Zone, and Mount Monger.

Evolution Mining announces a robust 55.65% participation in its Dividend Reinvestment Plan, issuing over 16.6 million new shares at a discounted price of $8.73. The final dividend payment is set for early October alongside reiterated production guidance for FY2026.

First Au Limited has secured permits and funding to launch a 2,500-metre drilling campaign at its Gimlet Gold Project near Kalgoorlie, aiming to upgrade its 120,000-ounce inferred gold resource and advance feasibility studies.

Aurumin Limited has secured $6 million through divestments of non-core assets, enabling a sharper focus on advancing its flagship Sandstone Gold Project. The strategic sales to Newcam Minerals and others aim to fund exploration and support Brightstar’s pre-feasibility study.