Latest Open Pit Mining News

KGL Resources has completed a A$300 million equity raise, fully funding the Jervois Copper Project through construction and into production, with key contracts signed and development activities underway.

QX Resources has unveiled a significant JORC-compliant Exploration Target for its Madaba Uranium Project in Tanzania, estimating 18–33 million pounds of uranium oxide at grades suitable for open-pit mining. The company aims to convert this target into a maiden Mineral Resource with drilling planned for late 2026.

TG Metals Limited has delivered a maiden inferred lithium resource at its Burmeister deposit within the Lake Johnston Project, outlining a 6.7 million tonne resource grading 1.18% Li2O with significant exploration upside.

Kaiser Reef has quantified a 77,000-tonne tailings stockpile at its A1 Gold Mine in Victoria, containing an inferred 3,100 ounces of gold at 1.25g/t grade. Plans are underway to reclaim and process this higher-grade material alongside existing operations at Maldon.

Forrestania Resources has awarded a significant A$27 million contract to MEGA Resources for the initial open pit mining phase at its Tycho Gold Project, marking a pivotal move from development to production.

GoldArc Resources has delivered a standout 1m at 59.9 g/t gold intercept in the final round of grade control drilling at Mt Stirling Well, reinforcing the deposit's high-grade continuity and supporting mine planning.

Stavely Minerals has released an updated 2026 Scoping Study for its Thursday's Gossan project in western Victoria, revealing a robust 60Mt copper-gold-silver resource and strong financial metrics including a pre-tax NPV7 of A$818 million and a 40% IRR.

InVert Graphite has delivered a maiden Mineral Resource Estimate of 32.2 million tonnes at 8.0% Total Graphitic Carbon for its Kumba Deposit in Tanzania, underpinning its Morogoro Project with a substantial near-surface graphite resource.

GoldArc Resources has delivered its strongest gold intercept at Mt Stirling Well, reinforcing high-grade continuity and advancing mine planning under a fully funded drilling program.

Iltani Resources has reported robust assay results from 13 new drill holes at its flagship Orient Silver-Indium Project, confirming extensive high-grade silver, indium, lead, and zinc mineralisation that strengthens the case for a viable open-pit operation with potential underground mining.

St George Mining has delivered a major upgrade to its Araxá Project in Brazil, increasing measured and indicated resources by 155% and confirming the world's largest undeveloped niobium resource alongside rare earths.

Tungsten Mining has kicked off a comprehensive 20,700-metre drilling campaign at its Watershed Tungsten Project, aiming to boost geological confidence and gather critical engineering data following strong economic results.