Latest Open Pit Mining News

EV Resources has unveiled a maiden Exploration Target at its Los Lirios Antimony Project in Mexico, estimating up to 166,000 tonnes of contained antimony across three zones. Phase 1 drilling confirmed shallow, continuous carbonate replacement mineralisation, while high-grade feeder zones await further testing.

Odyssey Gold’s latest drilling at the Bollard deposit within the Tuckanarra Project has delivered high-grade gold results that confirm the presence of multiple plunging shoots beneath the historical pit, hinting at significant resource expansion potential.

Unico Silver’s latest drilling at the Joaquin Project in Argentina has delivered standout high-grade gold-silver intercepts outside the March 2026 Mineral Resource Estimate, underpinning potential resource growth ahead of the Pre-Feasibility Study.

Skylark Minerals has completed Phase 1 drilling at its M’Basso Prospect, defining a 750m mineralised strike and identifying a new eastern gold zone. Metallurgical tests show 95% gold extraction, supporting a straightforward processing route.

GoldArc Resources has identified distinct critical element associations with gold mineralisation at Mt Stirling and Mt Stirling Well, advancing metallurgical test work and mine planning with BML Ventures.

Caravel Minerals has lifted the confidence in its Caravel Copper Project with a 48% increase in Proved Ore Reserve tonnage, maintaining stable total contained copper while adding new metal grades to the reserve estimate.

Lunnon Metals reported its best month yet at Lady Herial with 2,865 ounces of gold produced in May 2026, generating $10.8 million in revenue and enabling early repayment of a $6 million working capital loan. Mining remains on schedule to complete by September, with strong cash reserves set to fund further exploration.

Kingston Resources secures $12.9 million through placement and entitlement offer to fund a 25,000m drilling program and plant expansion at its Mineral Hill polymetallic mine, bolstering cash reserves to $32.3 million ahead of a planned operational restart.

KGL Resources has received the initial US$16 million tranche from a US$300 million precious metals streaming deal with Wheaton, marking a key funding milestone for the Jervois Copper Project development in Australia’s Northern Territory.

Tungsten Mining NL has updated the Mineral Resource Estimate for its Watershed Tungsten Project, increasing contained tungsten by 8% through a lower cut-off grade reflecting strong market prices.

Benz Mining reports strong metallurgical test results from the Icon deposit, showing up to 95.5% gold extraction within 24 hours and potential for broader mineralised halo to contribute to mill feed.

Hot Chili Limited has reported a substantial 391.1-metre copper-gold intersection grading 0.51% copper equivalent from surface at its La Verde discovery in Chile, reinforcing the project's potential for a high-grade starter pit within the Costa Fuego copper-gold project.