Latest Mining Construction News

Hot Chili’s La Verde copper-gold discovery has expanded rapidly enough to become a cornerstone of the Costa Fuego project, while new funding gives the company room to pursue the next studies and permits. The key test now is whether drilling can translate into a maiden resource and a credible development case.

IperionX has moved its Virginia titanium operation into 24/7 production, lifting nameplate powder capacity to about 200 tonnes a year while commissioning equipment aimed at higher-value components. The progress came alongside a US$66.8 million annual loss, US$63.5 million of operating and investing cash outflows, and continued reliance on government support, customer qualification and future capital.

Carnavale Resources has started more than 7,000 metres of aircore drilling at Kookynie while lodging environmental and mine development applications for its proposed Swiftsure and Tiptoe pits. The company says its bankable feasibility study is essentially complete, with an updated financial model and ASX release expected in October.

Critica Limited (ASX:CRI) has delivered stronger technical results across its Jupiter rare earths and Mt Lindsay tin-tungsten projects, but the developer remains dependent on further funding. Two scoping studies targeted for Q3 2026 now carry the burden of translating resource potential and laboratory results into project economics.

Bannerman Energy has launched a fully underwritten A$124 million placement that it expects will fund its share of the Etango uranium project through construction and ramp-up. The raising follows confirmation that CNOL’s strategic investment and joint venture conditions have been satisfied or waived.

Brightstar Resources says construction of its 1.5Mtpa Laverton processing plant remains on schedule and within budget, with first gold still targeted for June 2027. The update also marks the end of underground mining at Second Fortune as the company shifts towards commissioning and new mine development.

Rox Resources reports steady progress at Youanmi Gold Mine with processing plant construction and mining development proceeding on schedule, supporting a mid-2027 gold production target.

Toubani Resources has received the initial US$25 million drawdown under its Gold Stream agreement with Eagle Eye Asset Holdings, marking a crucial step in advancing the Kobada Gold Mine towards production in 2027.

Rox Resources has secured full permits and major contracts to push forward construction at Youanmi, with mining and processing plant works advancing towards a mid-2027 gold pour.

Rio Tinto reported a 3% year-on-year increase in copper equivalent production for H1 2026, driven by Oyu Tolgoi’s 31% growth and record iron ore output in the Pilbara, while maintaining full-year guidance amid geopolitical headwinds.

Toubani Resources has secured a US$208 million funding package combining a US$160 million gold stream and a US$48 million equity raise, ensuring Kobada Gold Mine construction stays on track for first gold in Q3 2027.

Astral Resources reports strong assay results from infill drilling at Theia, underpinning resource upgrades and de-risking early Mandilla mine development near Kalgoorlie.