Latest Mining Development News

Brightstar Resources reported robust March quarter results, highlighted by Second Fortune’s transition to full production and the commencement of Fish mine development, underpinning a clear growth trajectory.

Great Boulder Resources has reported further shallow, high-grade gold mineralisation at its Eaglehawk deposit within the Side Well Gold Project, confirming the prospectivity of this emerging system with strong recent drilling results.

Great Boulder Resources delivered strong March quarter results with multiple high-grade gold intersections at Mulga Bill and Eaglehawk, while advancing pre-development at Ironbark through a new mill collaboration and scoping study.

Prospect Resources has declared a maiden JORC-compliant copper resource of 107.2 million tonnes at 0.5% copper at its Mumbezhi Project in Zambia, alongside securing a strategic A$15.2 million investment from First Quantum Minerals. This milestone advances the project towards development with Phase 2 drilling planned for Q2 2025.

Iluka Resources reported a 32% drop in net profit after tax to $231 million for 2024, while securing critical funding for its Eneabba rare earths refinery and progressing the Balranald mine development.

Adriatic Metals has completed a two-tranche institutional placement raising A$80 million to fast-track its Vares Processing Plant expansion and support production growth at Rupice Mine.

Antilles Gold Limited is raising $1 million through a share and option placement to support working capital and development of its Nueva Sabana copper-gold mine in Cuba.

Lincoln Minerals is accelerating development across its diversified portfolio of critical minerals projects in South Australia's Gawler Craton, targeting copper, uranium, graphite, and high-purity iron to meet global electrification and decarbonization demands.

Asara Resources has raised $2.3 million through a placement led by Barbet L.L.C FZ to advance exploration at its Kada Gold Project in Guinea, coinciding with the appointment of Matthew Sharples as CEO.

Westgold Resources reported a 72% jump in revenue to $624 million in H1 FY25, driven by increased gold production and higher prices, but posted a net loss after tax due to significant one-off acquisition expenses.

Latitude 66 Limited is set to commence a pioneering Reverse Circulation (RC) drilling trial at its KSB North Project in Finland, aiming to unlock high-grade gold and cobalt mineralisation at the K6E and K6W Prospects. This move could significantly enhance exploration efficiency and reduce costs across the project.

Black Cat Syndicate has restarted underground drilling at its Paulsens Gold Operation, targeting resource expansion and mine life extension with results expected from March 2025.