Latest Mining And Development News

Vital Metals reported a A$16.63 million FY2026 loss after impairing its North T mine asset by A$12.73 million, while its auditor highlighted material uncertainty over the company’s ability to continue as a going concern. The balance sheet was strengthened by A$12.47 million in placements, but Tardiff’s encouraging drilling results must now translate into a larger resource and a credible pre-feasibility study.

Platina Resources has reshaped itself around a 312 square kilometre gold portfolio in Western Australia’s Laverton district, backed by $8.61 million in cash. The FY2026 annual report shows stronger exploration momentum, but the company remains loss-making and dependent on turning targets into discoveries.

Bellevue Gold will spend A$25-30 million on FY27 exploration after its Mineral Resource and Ore Reserve declined year on year, while a slower Barminco ramp-up is expected to cut September-quarter production by 3,000-4,000 ounces. High-grade Deacon North drilling and deeper targets offer a possible longer-term counterweight.

Antipa Minerals has expanded its Minyari Project resource to 3.6 million ounces of gold equivalent and advanced key pre-feasibility work, including conventional processing and deeper open-pit studies. The progress comes with an auditor-highlighted going-concern uncertainty as the company prepares for further exploration and development spending.

Pantoro Gold has extended the interpreted mineralised strike at its Racetrack discovery to about 900 metres, with drilling returning several high-grade intersections. The company will begin a 450-metre exploration decline from the OK Underground Mine in the December 2026 quarter, although Racetrack remains outside the current Mineral Resource and Ore Reserve.

Globe Metals & Mining says 243 members of the Kanyika community have withdrawn long-running legal proceedings in Malawi, removing a historical contingent liability tied to the project. The development improves certainty around Kanyika, but land access still depends on a separate compensation and resettlement process.

Rox Resources has reported multiple high-grade underground gold intercepts at Youanmi’s United North area, including 10.30m at 12.46g/t. Ore drives on two levels have also extended about 125m beyond the existing DFS mine plan, with production stoping preparations now underway.

Cobre has secured two ore supply agreements that could add about 300 tonnes of copper cathode a month from Q4 2026, without changing its existing production guidance. The deal is designed to lift utilisation of the under-used Sierra Atacama plant while the company transitions from underground to open-pit mining in 2027.

Great Divide Mining has consolidated and restated a high-grade gold resource at its Adelong Project, confirming 169,700 ounces of contained gold with over half classified as Measured or Indicated.

Carnaby Resources secures ASX waiver to cancel 5.52 million unlisted options for $835,000 cash without shareholder approval, clearing a key hurdle in Evolution Mining's takeover scheme.

Westgold Resources delivered a landmark FY26 with record gold output, soaring profits, and a strong balance sheet underpinning a 10 cents per share fully franked dividend.

Freehill Mining has appointed seasoned engineer Marco Meneses to spearhead development at its Blanco y Negro copper-gold project, coinciding with Chile's planned legislative change to double processing thresholds for small miners, enhancing project viability.