Latest Mine Operations News

Mastermyne Group has received a Letter of Intent to extend its underground mining contracts with Anglo American Steelmaking Coal, potentially adding $31 million in revenue through April 2026.

Nickel Industries reported a robust 81% rise in half-year profit to US$25.5 million, while advancing the Excelsior Nickel Cobalt project towards commissioning. The company also declared a final dividend and highlighted sustainability achievements.

Greatland Resources Limited has reported a robust unaudited FY2025 result, generating $337.3 million net profit after tax from seven months of Telfer gold-copper mine operations, alongside a successful ASX listing and strong cash flow.

Native Mineral Resources has marked a key milestone with three gold pours totaling around 300 ounces at its Blackjack operation, signalling a successful ramp-up to full-scale production.

Mineral Resources Limited has released its inaugural Mineral Resources and Ore Reserves statements for the Pilbara Hub, revealing a substantial 161 million tonnes resource and 50.7 million tonnes reserve at robust iron grades. The inclusion of the Lamb Creek deposit promises to extend the hub’s production profile by five years, pending approvals.

Perseus Mining Limited reported a robust FY25 with a 21.7% revenue increase to US$1.25 billion and a 15.6% rise in profit after tax to US$422 million, driven by higher gold prices despite slightly lower production. The company also declared a final dividend and completed a significant share buyback.

Brightstar Resources has kicked off a significant underground drilling campaign at its Fish Mine, aiming to extend mine life and upgrade mineral resources for future production growth.

AXP Energy has updated its resource disclosures and is accelerating its gas-to-power strategy to fuel bitcoin mining operations in Oklahoma, leveraging proven oil fields and strong industry partnerships.

Savannah Goldfields has announced a $15 million placement to strengthen its balance sheet, repay debt, and fund a restart of gold production alongside an ambitious drilling program targeting resource extensions.

Fenix Resources delivered a record 2.4 million tonnes of iron ore in FY25, marking a 64% production jump as it transitioned to a multi-mine operation. Despite iron ore price declines, the company maintained strong cash flow and declared a fully franked dividend, setting ambitious FY26 growth targets.

Fenix Resources reported a strong 22% revenue increase for FY25 but saw net profit tumble 84% amid heavy investment in production expansion. The company declared a fully franked dividend exceeding net profit, balancing shareholder returns with growth ambitions.

Flagship Minerals has secured a comprehensive historical exploration dataset from Anglo American for its Pantanillo Gold Project, positioning the company to fast-track resource development and potentially expand its gold inventory without immediate drilling.