Latest Mining Operations News

Fenix Resources reported a strong 22% revenue increase for FY25 but saw net profit tumble 84% amid heavy investment in production expansion. The company declared a fully franked dividend exceeding net profit, balancing shareholder returns with growth ambitions.

Flagship Minerals has secured a comprehensive historical exploration dataset from Anglo American for its Pantanillo Gold Project, positioning the company to fast-track resource development and potentially expand its gold inventory without immediate drilling.

Havilah Resources has unveiled detailed plans for developing two significant copper deposits in South Australia’s Curnamona Province, highlighting robust resource bases and strategic infrastructure advantages.

Zenith Minerals has secured final regulatory approval to commence Phase 2 of its RC drilling program at the Consolidated Dulcie Gold Project, aiming to convert a significant Exploration Target into a JORC-compliant resource.

Aurelia Metals has reported a robust turnaround in FY25 with a 69% jump in EBITDA and a return to profitability, driven by operational gains at Peak and Federation. The company is advancing key growth projects targeting 40kt copper equivalent production by FY28.

Fortescue Ltd reported a solid FY25 with record iron ore shipments and a strong profit, while making significant strides in its decarbonisation agenda including renewable energy projects and green metal production.

Western Gold Resources has kicked off a major 35,300-metre grade control and infill drilling program at its Gold Duke Project, aiming to de-risk operations and support a mining start in late Q4 2025.

Locksley Resources has partnered with Rice University to pioneer domestic antimony processing in the US, aiming to reduce reliance on foreign supply and support critical defense and energy sectors.

Dome Gold Mines has announced a $5 million Share Purchase Plan at a 6.25% discount to fund critical milestones for its Sigatoka Sands Project in Fiji, aiming to secure a mining licence and commence operations.

Desert Metals Limited has reported multiple high-grade gold intercepts from its initial diamond drilling phase at the King Kong prospect in Côte d’Ivoire, confirming a significant gold system over a strike length exceeding 1.4 kilometres.

Diatreme Resources has achieved a significant regulatory milestone with Project Status granted across its silica sand tenements in Far North Queensland, alongside critical tenure renewals that preserve its strategic landholdings. This development strengthens its pathway toward long-term production of low-iron, high-purity silica sand.

Magmatic Resources has completed the second stage of acquiring the Weebo Gold Project in Western Australia and initiated a robust exploration program targeting high-potential gold zones.