Latest Mining Development News

True North Copper (ASX:TNC) reported strong progress in Q4 FY2026, expanding its Mt Oxide copper system and consolidating its Cloncurry assets ahead of a key Pre-Feasibility Study.

Australian Silica Quartz Group (ASQ) finalises its acquisition of Australian Kaolin, securing a 47Mt kaolin resource and mining approval for a 250,000 tonne per annum operation. The company progresses kaolin beneficiation in China, explores high purity quartz projects, and advances gold targets at Koolyanobbing, supported by a $1.33m cash position.

High-Tech Metals has completed a major drilling program at Mt Fisher with promising early assays and delivered exceptional metallurgical recoveries at Wagtail, progressing both projects toward near-term production.

PLS Group Limited delivered record FY26 lithium production and sales, boosted revenue 152%, and commenced Ngungaju plant restart, setting the stage for growth with P2000 expansion feasibility underway.

Rand Mining’s cash balance fell to $2.086 million in June quarter as gold sales dipped and operating cash flow turned negative, pressured by higher production and development expenses.

Meteoric Resources has signed a strategic partnership with POSCO International to advance the development and commercial production of rare earths at the Caldeira project in Brazil, aiming to secure a resilient supply chain for Korea.

Saturn Metals has locked in $100 million from a two-tranche placement, anchored by major shareholders including Golden Crane, to push its Apollo Hill Gold Project towards production. A $5 million Share Purchase Plan will offer further participation to existing investors.

American West Metals is progressing its Storm Copper Project towards near-term production while expanding critical metals resources at West Desert, supported by a US$40 million financing and offtake deal.

Liontown Limited reported a record $137 million net cash flow in the June quarter, boosting its cash reserves to $561 million and hitting a new high in underground development metres. The company is on track to reach a 2.8 Mtpa mining run-rate by the end of FY27, supported by strong lithium prices and steady operational progress.

Odyssey Gold’s Stage 1 Scoping Study for Tuckanarra outlines a low-capital, near-term production of 79,000 ounces of gold, backed by a toll milling agreement at Kirkalocka and an updated resource base of 451,000 ounces.

Alkane Resources has expanded its Storheden gold resource near the Björkdal mine in Sweden, adding Indicated Resources and increasing contained gold by 26%. Recent drilling revealed high-grade veins along a 2.7 km strike, with mineralisation still open in multiple directions.

DeSoto Resources has launched a 10,000m maiden drilling program at its Timbakouna Gold Project and secured a major new ground package in Guinea’s prolific Siguiri Basin, backed by a strong cash position of A$9.2 million.