Latest Mining Development News

Geopacific Resources has completed a drilling campaign at its Woodlark Gold Project, delivering significant high-grade gold intercepts that reinforce and extend known mineralisation, potentially enhancing project economics.

Medallion Metals has awarded a $50 million EPC contract to GR Engineering to convert its Cosmic Boy Concentrator into a standalone facility producing copper concentrate and gold doré, aligning with feasibility estimates and advancing production timelines.

Leeuwin Metals has identified a substantial new Exploration Target at its Marda Gold Project in Western Australia, potentially adding up to 186,000 ounces of gold beyond the existing 378,600oz resource. The company plans a 10,000m drilling campaign to test this target and advance project development.

High-Tech Metals has lifted its Mt Fisher gold resource by nearly half, adding a significant underground component beneath the historical pit. This expansion sets the stage for further drilling and development.

Asara Resources has more than doubled its Kada Gold Project resource to 2.1 million ounces, including 1.3 million ounces in the indicated category, following a 73,000-metre drilling campaign. The company is fully funded to complete a Definitive Feasibility Study by mid-2027, positioning itself for rapid development in Guinea’s prolific Siguiri Basin.

Javelin Minerals has cleared a major hurdle with final mining approval for its Eureka Gold Project near Kalgoorlie, positioning it for imminent production backed by a $25 million financing deal.

Antipa Minerals has expanded gold-copper-lead-silver mineralisation at its Tim’s Dome target over more than a kilometre of strike, advancing diamond drilling to test a large untested electromagnetic conductor.

Berkeley Energia reported a $8.7 million net loss for FY2026 while pushing forward with its Salamanca uranium project and maiden critical minerals resource at Conchas. The company continues a $1.25 billion ICSID arbitration claim against Spain over permitting delays.

Zimplats Holdings reported a strong FY2026 with revenue climbing 57% to US$1.3 billion and profit before tax soaring 484% to US$387.5 million, driven by higher metal prices, increased ore volumes, and improved operational efficiency.

Bathurst Resources delivered a consolidated EBITDA of NZD 44.7 million for FY26, reaching the top of its guidance despite a challenging start to the year for export coal prices. The company advanced key growth projects in New Zealand and Canada while maintaining a robust cash position.

Nickel Industries surged to a US$74 million profit in H1 2026, driven by higher nickel prices, expanded mining quotas, and strategic HPAL investments including first nickel cathode production at ENC.

Minrex Resources has reported strong assay results from the first ten infill drill holes at its Barje deposit, revealing shallow, high-grade gold-silver mineralisation that supports a low-strip, high-margin open pit scenario. The company is boosting its 2026 drilling program to 9,000 metres to explore extensions along the Barje-Liska corridor.