Latest Mining And Infrastructure News

Rox Resources has reached financial close on A$350 million of debt facilities for the Youanmi Gold Mine, removing the conditions that had stood between the funding package and construction spending. The company has initially drawn A$90.2 million in project debt and used a further A$4 million bank guarantee facility allocation.

Quantum Graphite has moved Uley 2 into front-end engineering and design, renewed key mining leases and formalised its downstream structure with Sunlands Pure Group. But the company ended FY2026 with just $210,710 in cash, $10.50 million in borrowings and an auditor-documented material uncertainty over its ability to continue as a going concern.

Cassius Mining reported a deeper FY2026 loss, negative net assets and a material uncertainty over its ability to continue as a going concern. The company is relying on further funding, a possible Ghana arbitration award and progress at its Soalara limestone project to support its next phase.

Odyssey Gold has secured a native vegetation clearing permit and a new mining lease at Tuckanarra, while refurbishment work at the planned Kirkalocka processing facility moves ahead. The first toll milling parcel is targeted for June 2027, but a required joint venture agreement remains unresolved.

Black Canyon has established a maiden 23.6Mt manganese resource at Wandanya in Western Australia, alongside 12.5Mt of iron mineralisation. The high-confidence estimate includes potential direct-shipping material, while a scoping study is targeted for completion in December.

Ardea Resources enters FY2027 with its flagship Goongarrie Hub still short of a completed definitive feasibility study, even as Japanese partners and governments deepen their support. The company reported a A$24.6 million consolidated loss, while future funding arrangements beyond the current DFS program remain unresolved.

Lefroy Exploration has moved from explorer to gold producer after Lucky Strike delivered its first gold, while Mt Martin and Burns advanced towards potential development. The milestone comes alongside a $2.136 million loss and an auditor warning that uncertain profit distributions may require further funding.

Australian Mines has appointed a specialist consultant team to complete the pre-feasibility study for its Flemington Scandium Project, targeting delivery in the first quarter of 2027. The study will retain a 60-tonne-per-year scandium oxide reference case while testing production scenarios of up to 180 tonnes per year.

Lefroy Exploration is considering folding the high-grade portion of its Burns deposit into the Mt Martin Scoping Study, broadening the development case while pushing delivery into the December quarter. At Lucky Strike, a newly granted licence removes one hurdle but several approvals still stand between the mine and a targeted early 2027 restart.

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.

PC Gold’s recent diamond drilling at its Spring Hill Gold Project has delivered high-grade gold intercepts well above modelled expectations, reinforcing the potential for a resource upgrade in late 2026.

Global Lithium Resources has secured critical environmental and water permits for its Manna Lithium Project, clearing the way for early works and construction. These approvals align with the company’s aggressive schedule targeting first ore shipment in mid-2027.