Latest Mining Expansion News

Evolution Mining has reported a record half-year profit, with statutory net income more than doubling to $766.6 million, driven by higher gold and copper prices. The company also declared a fully franked interim dividend of 20 cents per share and progressed key mine expansions and developments.

Tolu Minerals Limited reports steady progress at its Tolukuma Gold Mine, advancing a major mine expansion project targeting 500 tonnes per day production by the first quarter of 2027. Key infrastructure developments, drilling expansion, and processing plant refurbishments underpin the company’s growth strategy.

Genesis Minerals has restructured its executive team, appointing Raleigh Finlayson as Executive Chair and promoting Matthew Nixon to CEO, positioning the company for a significant growth phase.

Catalyst Metals has confirmed a new high-grade gold zone beneath the Cinnamon open pit resource, potentially adding a sixth underground ore source to its Plutonic Gold Belt operations and supporting its ambitious production growth plans.

St George Mining reports outstanding new drill results from its Araxá Rare Earths and Niobium Project, revealing thick, high-grade mineralisation beyond the current resource boundary. These findings underpin a significant resource upgrade and bolster the project's economic prospects.

Elevra Lithium unveils a staged, accelerated expansion plan for its North American Lithium mine, aiming to increase spodumene concentrate production to 315ktpa by early 2029 while lowering operating costs.

Fenix Resources unveils a robust three-year plan to ramp up iron ore production from 2.4Mt in FY25 to 6Mtpa by FY28, anchored by its Weld Range Project. The company also raises FY26 guidance and initiates feasibility studies for further expansion.

Almonty Industries has announced a $15 million public offering of common shares in the US, aiming to accelerate development across its tungsten and molybdenum projects amid rising global demand.

Lindian Resources has launched drilling at the North Knoll prospect near its Kangankunde Rare Earths Project, aiming to confirm high-grade NdPr-rich mineralisation that could boost early-stage production and lower costs.

Element 25 Limited has announced significant progress in expanding its Butcherbird manganese mine and developing a US-based high-purity manganese refinery, backed by substantial government grants and strategic partnerships with automotive giants.

Auric Mining reports $14.6 million in gross revenue from initial gold sales at its Munda Starter Pit, with plans underway for further processing and mine expansion.

Kingston Resources has announced a substantial 29% increase in its Mineral Hill Project resources, including a maiden resource for the high-grade Red Terror deposit, enhancing confidence in future mine planning and production.