Latest Mining Development News

AIC Mines Limited reported a robust FY25 with $189.6 million revenue and $15 million net profit, securing key contracts and funding for its Eloise expansion and Jericho development.

TG Metals reports encouraging assay results from historical stockpiles and secures approvals for in-pit drilling at its Van Uden Gold Project, aiming to unlock near-term cash flow opportunities.

AIC Mines has announced promising drilling results at its Jericho copper deposit in Queensland, confirming continuity in key mineralised shoots and revealing a new mineralised lens, J0, that extends over one kilometre and remains open for further exploration.

Brightstar Resources reports robust gold assay results from its Sandstone Gold Project, reinforcing its path to a 2.4 million ounce resource following a merger with Aurumin Limited.

Iluka Resources reported a 31% drop in net profit for the first half of 2025, challenged by lower mineral sands prices but buoyed by strong cost controls and early project milestones.

Yancoal Australia reported a 16% rise in coal production for the first half of 2025 despite a 15% revenue decline due to softer coal prices, while sustaining a robust cash balance and declaring a fully franked interim dividend.

Rox Resources has reported multiple high-grade gold intersections from recent drilling at its Youanmi Gold Project, reinforcing its status as one of Australia’s most promising gold developments.

Almonty Industries reported a challenging Q2 2025 with a significant non-cash loss but strengthened its position through a Nasdaq listing, a major U.S. defense offtake agreement, and progress at its flagship Sangdong mine.

Venus Metals Corporation has updated its Mineral Resource Estimate for the Bellchambers Gold Deposit and Rangeview Prospect near Sandstone, revealing a notable increase in measured resources and securing a mining lease that advances the project towards development.

Euro Manganese Inc. reported a $12.8 million loss for the nine months ended June 30, 2025, while securing $11.1 million in equity financing and amending its $20 million convertible loan facility. The company highlights ongoing funding risks as it advances its manganese projects.

Evolution Mining has delivered a landmark FY25 with record profits and cash flow, tripling its final dividend, while setting a stable production and cost outlook for FY26 amid ongoing project developments and sustainability commitments.

Great Boulder Resources has identified multiple new gold targets at its Side Well project in Western Australia through a recent geophysical survey, setting the stage for accelerated drilling activity with a second rig arriving soon.