Latest Mine Rehabilitation News

Gibb River Diamonds reported a A$5.61 million profit after receiving a A$7 million pre-GST distribution from its Neta gold joint venture. The cash windfall leaves the explorer with A$6.74 million in the bank, but its next challenge is converting a one-off mining payment into a credible development pipeline.

Nelson Resources is selling its Woodline and Fortnum exploration projects for up to $1.09 million, including $690,000 in stated cash consideration and contingent Woodline payments. The divestments are intended to sharpen the company’s focus on Gold Point in Nevada and other priority assets.

Parkway Corporate has landed a $2 million contract to supply industrial-scale mine dewatering equipment to a top 10 global mining company, reinforcing its position in large-scale wastewater treatment solutions.

Novo Resources has progressed its Belltopper Gold Project with a planned diamond drilling campaign and completed maiden Pilbara drilling programs, while reporting a $3.9 million net loss for H1 2026 and bolstering liquidity through capital raises.

Alice Queen Limited’s Project Definition Study for the Horn Island Gold Project reveals robust economics with a pre-tax NPV of A$706 million and an IRR of 109%, underpinning plans for an 11-year mine life and a rapid 1.1-year capital payback.

Lunnon Metals delivered its best month yet at the Lady Herial open pit, mining over 62,000 tonnes at 1.73 g/t gold and securing a $12 million payment from Gold Fields, setting the stage for a robust finish to operations and a solid cash position for FY2027.

MGX Resources is set to exit its Koolan Island iron ore operation, selling to Crestlink for $20.2 million upfront plus potential revenue share, while shifting focus to gold development.

Nelson Resources has begun mobilising drilling crews for its maiden underground program at the high-grade Orleans Mine in Nevada, leveraging restored underground access to enhance targeting precision and reduce costs.

Besra Gold has received conditional renewal terms for its critical Bau Gold Project mining lease, marking progress amid ongoing tenure uncertainties and financial commitments.

Nelson Resources has completed underground rehabilitation at the historic Orleans Mine in Nevada, setting the stage for its maiden underground drilling program targeting high-grade gold-silver veins.

Nelson Resources has expanded its footprint at Gold Point, Nevada, confirming multiple high-grade gold-silver mineralisation styles and staking additional claims ahead of its maiden underground drilling program.

Valiant Gold Limited (ASX: VAL) has successfully listed on the ASX, raising $75 million before costs, and is progressing its Comet and Reedy gold projects with key operational milestones underway.