Latest Open Pit Mining News

St George Mining delivers a new benchmark intercept of nearly 200 metres of continuous high-grade rare earths and niobium from surface at its Araxá project, reinforcing its scale and open-pit potential.

Cobre Limited is progressing a major upgrade of its Sierra Atacama copper project in Chile, aiming to convert a large foreign resource estimate into a JORC-compliant Mineral Resource Estimate while launching a 40,000-metre drilling program targeting near-mine expansion and deeper sulphide mineralisation.

Native Mineral Resources (ASX:NMR) has cleared a key regulatory hurdle by submitting a Progressive Rehabilitation and Closure Plan for its Far Fanning Gold Project, while maintaining steady gold production at its Blackjack Gold Mine.

MLG Oz Limited has landed a significant A$70 million contract with Develop Global at the Pioneer Dome Lithium Project, marking its entry into Western Australia's emerging lithium sector with a comprehensive mining and crushing services package starting in mid-2026.

GoldArc Resources has completed the first phase of a 34,000m grade control drilling program at Mt Stirling, delivering consistent broad mineralisation and higher-grade zones that underpin updated mine models ahead of regulatory approval.

Develop Global has locked in a major A$70 million mining contract for its Pioneer Dome lithium project, setting the stage for first sales in the December quarter of 2026. Strong drilling results and a binding offtake deal with Trafigura underpin the project’s fast-tracked development and cashflow outlook.

Lefroy Exploration has launched a scoping study for its Mt Martin Gold Project, following an updated resource estimate of 460,000 ounces. The study, funded by a recent $3.6 million placement, aims to assess development options by September 2026 while mining operations at Lucky Strike prepare to resume.

Hawk Resources has confirmed significant near surface copper, silver, and molybdenum mineralisation in drill hole DD26CT004 at its Cactus project in Utah, extending the known mineralised zone southeast along the Cactus Corridor. Drilling is set to resume in July 2026 to test further extensions.

Toubani Resources (ASX: TRE) is acquiring a near 20% equity interest in Avanti Gold (CSE: AGC) via a share swap, gaining exposure to the Misisi Gold Project in the DRC with a 3.1 million ounce inferred resource.

KGL Resources has locked in a conditional placement raising approximately A$180 million as part of a broader A$300 million equity raise to fully fund the Jervois Copper Project. The placement attracted strong backing from major shareholders and global institutions, setting the stage for construction and production milestones.

Genesis Minerals (ASX:GMD) reports robust drilling results at Laverton, underpinning plans to expand processing capacity and organic growth. The completion of the A$639 million Magnetic Resources acquisition adds 2.2Moz to resources, lifting total resources to 21.3Moz and reserves to 5.4Moz.

KGL Resources has launched a A$300 million equity raising to complete funding for the Jervois Copper Project, combining it with a US$300 million streaming deal and existing cash to fully finance construction and production.