Latest Operational Costs News

New Murchison Gold Limited has secured all key approvals and mobilised equipment for mining at its Crown Prince Gold Project, with first ore delivery expected by September 2025. The company also announced a $15 million capital raise to support its transition from explorer to producer.

QMines Limited reveals metallurgical test results supporting a doubling of throughput at Mount Chalmers to 2Mtpa, boosting metal recoveries and expanding the mine plan to include Develin Creek and Mount Mackenzie.

Summit Minerals reports promising first-pass metallurgical results from its Equador Project in Brazil, showing strong potential for producing high-grade tantalum and niobium concentrates using straightforward density separation methods.

Predictive Discovery’s Definitive Feasibility Study for the Bankan Gold Project confirms robust economics with a 12.2-year mine life producing 250,000 ounces annually and a post-tax NPV of US$1.6 billion. The study outlines a clear path to construction and production in Guinea, backed by strong financial returns and environmental approvals.

Fortifai Limited has successfully raised $2.3 million through an upsized share placement, aiming to bolster its AI Gaming Lab and technology partnerships. The capital injection will support ongoing operations and strategic growth initiatives.

Victory Metals has landed a US$10 million unsecured loan from Saudi Arabia’s sovereign wealth fund, marking a strategic boost for its North Stanmore rare earths project in Western Australia.

Triangle Energy has signed binding agreements to sell its onshore Cliff Head assets to Pilot Energy, marking a strategic shift to focus on oil and gas exploration in the Perth Basin.

Virgin Australia Holdings Limited is set to list on the ASX, raising $685 million through a mix of new and existing shares, showcasing its transformation journey and strategic partnership with Qatar Airways.

Mount Burgess Mining has raised $221,806 through a share placement aimed at advancing its Kihabe-Nxuu Project and supporting ongoing operations.

Jayride Group launches a new B2B SaaS platform aimed at transforming ground transportation with integrated payments, fleet management, and AI tools, promising higher margins and scalable growth.

Richmond Vanadium Technology slows key project activities and reshapes its leadership team to navigate a prolonged period of low vanadium prices while advancing battery technology development.

Magnetic Resources NL has announced a significant 22% increase in the Lady Julie Gold Project resource, now totaling 2.14 million ounces, boosting the overall Laverton region resource to 2.32 million ounces. This upgrade reflects enhanced confidence in mineral continuity and advances the project closer to development.