Latest Minerals And Mining News

Sheffield Resources saw a marked improvement in ore mining and concentrate output at its Thunderbird mine in May 2026, while ongoing debt restructuring discussions with lenders remain unresolved.

Classic Minerals has taken a decisive step towards mining at its Forrestania project by issuing a formal Notice of Decision to Commence Mining for the Lady Ada and Lady Magdalene deposits, despite ongoing legal challenges.

Sheffield Resources is overhauling operations at its flagship Thunderbird Mineral Sands Mine, aiming to slash ore mining costs by at least $10 million annually and improve production reliability through equipment and contractor changes.

Sheffield Resources has secured an additional US$10.15 million tranche on its senior loan facility for the Thunderbird Mineral Sands Mine, aimed at bolstering working capital. Ongoing negotiations to restructure debt add an element of financial uncertainty for the joint venture.

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.

Forrestania Resources has secured the Karonie Gold Project in the Eastern Goldfields, adding a JORC-compliant inferred resource of 185,700 ounces and expanding its strategic footprint near key processing hubs.

Alchemy Resources secured a major milestone with Newcam Minerals exercising its option on Bryah Iron Ore assets, while divesting Karonie and Lake Rebecca projects to Forrestania Resources, alongside promising exploration results at Yellow Mountain in NSW.

Metal Bank is pushing towards near-term gold production in Western Australia and expanding its critical minerals footprint in Queensland, backed by new processing partnerships and exploration milestones.

Kingston Resources has brought forward copper concentrate production at Mineral Hill by a quarter, successfully trialing underground ore processing and advancing its multi-commodity strategy.

BMC Minerals has cleared a major regulatory milestone for its ABM Mine in Yukon and reported thick, high-grade massive sulfide intercepts at its Krakatoa Zone, supporting resource expansion and a 2027 Final Investment Decision target.

Canyon Resources has mobilised its surface miner at the Minim Martap Bauxite Project, with first production on track for Q2 2026 and full funding secured through a US$140 million credit facility and cash reserves. Leadership changes and logistics updates mark a pivotal quarter for the company.

Pure Resources has deepened its partnership with Rice University to develop carbon nanotube fibre thermal management technology aimed at AI and defence markets, leveraging its Garnet Hills graphite for a vertically integrated IP pipeline.