Latest Operating Costs News

Capricorn Metals has completed its Karlawinda Expansion Project on schedule and achieved the targeted 6.5 million tonnes per annum throughput. The expanded operation is expected to produce about 150,000 ounces of gold annually, although the plant remains in its ramp-up phase.

Castile Resources has emerged from FY2026 with a larger Rover 1 resource, stronger preliminary project economics and A$9.37 million in cash. The next challenge is converting a A$1.07 billion pre-tax NPV8 study into a funded, permitted mining project.

Many Peaks Minerals has extended the tested vertical depth of gold mineralisation at its Ferké project by about 70%, with a deepest intercept returning 40.3 metres at 3.89g/t gold. The results support a planned resource update and preliminary assessment of underground mining, but remain exploration results outside the current resource.

Anax Metals has moved its Whim Creek copper-zinc project closer to a targeted investment decision, backed by strong feasibility economics and new drilling. But the annual report makes clear that development still depends on securing further funding, with the auditor warning of a material uncertainty over going concern.

Antipa Minerals has selected a preferred processing and mine development configuration for its Minyari Dome project, combining gold doré with a separate copper concentrate. The decision advances the study, but pushes the pre-feasibility study release into November 2026 while costs and project economics are finalised.

Fortuna Metals has reported a sharply expanded exploration base at its Mkanda rutile and graphite project in Malawi, alongside a narrower FY2026 loss and A$8.6 million of post-year-end funding. The resource remains early-stage and inferred, but the scale and product quality have moved the project into a more consequential development phase.

Meeka Metals has reported its first full-year profit as a gold producer, but the $51.3 million result came after a difficult second half and $107 million of growth investment. The company is now betting that higher-grade underground ore, processing upgrades and a fresh Mt Holland portfolio can improve cash generation.

VHM's refreshed feasibility study projects an A$807 million pre-tax NPV for its Goschen rare earths and mineral sands project, with approvals and major procurement work substantially advanced. The project still needs financing, lender due diligence and a Final Investment Decision before construction can begin.

Larvotto Resources has produced its first gold and antimony concentrate at the Hillgrove Mine in New South Wales, moving the project from plant commissioning towards a production ramp-up. The milestone comes with binding offtake agreements already in place with Wogen Resources and Glencore International AG.

Coda Minerals has reported average copper and silver extraction of 94.4% and 95.9% respectively from representative Emmie Bluff samples, strengthening the case for its preferred whole-ore chloride leach process. The preliminary laboratory results also suggest Elizabeth Creek site water is suitable for processing, although cobalt recovery, plant-scale performance and capital requirements remain unresolved.

Argosy Minerals says laboratory-scale crystallisation testing has demonstrated a potential lithium chloride product yield above 99% at its 12,000-tonne-per-year Rincon project in Argentina. The results remove a key process uncertainty, but the project still depends on engineering completion, financing and a broader Definitive Feasibility Study.

Everest Metals moved Mt Dimer into mining, established a 260,780-ounce Revere gold resource and upgraded its Mt Edon rubidium project in FY2026. Yet the company remains loss-making, has impaired its Mt Dimer development assets and warns that future funding and project cash inflows are needed to support its going-concern assessment.