Latest Mining Operations News

Magnetic Resources NL reports significant thick, high-grade gold intersections at its Lady Julie North 4 deposit, boosting the Laverton Project resource to 2.14 million ounces. New drilling reveals a rapidly expanding fourth high-grade core zone with strong underground potential.

Skylark Minerals has acquired a high-grade gold portfolio in Côte d'Ivoire, including a flagship project with a 364,600-ounce inferred resource, marking a significant step in its West African growth strategy. The company is fully funded to accelerate exploration in early 2026, targeting resource expansion and new discoveries.

Brightstar Resources outlines a bold growth strategy targeting over 200,000 ounces of annual gold production by 2029, leveraging its Western Australian assets and aggressive drilling programs. The company’s recent feasibility studies and acquisitions position it as a rising gold producer in the region.

Chariot Corporation and partners have formalized a phased small-scale mining initiative in Nigeria, aiming to unlock near-term lithium production while advancing larger exploration goals.

Redcastle Resources and BML Ventures have submitted a critical Mine Development and Closure Plan for their Queen Alexandra and Redcastle Reef deposits, setting the stage for gold production to commence in early 2026.

Celsius Resources has updated its Mineral Resource Estimate for the MCB Copper-Gold Project in the Philippines, reporting a larger and more confidently classified resource. This upgrade sets the stage for upcoming feasibility and engineering studies.

Southern Palladium fast-tracks development at its Bengwenyama PGM Project, advancing drilling and infrastructure plans while securing key regulatory approvals.

Mt Malcolm Mines has successfully closed an oversubscribed $2.3 million rights issue and secured an additional $750,000 placement, positioning the company to fast-track exploration and development at its Malcolm Gold Project.

Black Bear Minerals has completed the acquisition of the high-grade Shafter Silver Project in Texas, including $150 million in existing infrastructure, positioning itself strategically amid rising silver demand and geopolitical supply shifts.

Horizon Minerals reports strong progress at its Phillips Find and Boorara gold projects, with significant ore stockpiles and new processing agreements set to boost cash flow despite short-term delays.

29Metals has awarded a $253 million mining contract to Byrnecut for the Gossan Valley project, aiming for first ore by the end of 2026 and enhancing Golden Grove’s production profile.

AXP Energy reports sustained strong flowback at its Charlie #1 well in Oklahoma, moving swiftly to install infrastructure for natural gas sales and early revenue generation.