Latest Ore Processing News

St Barbara Limited reports a strong quarter with Simberi gold production up 37% and a robust US$235 million expansion plan, while navigating a critical tax assessment review in Papua New Guinea.

Horizon Minerals reported steady gold production from its Boorara and Phillips Find projects, marking first gold pours under key milling agreements. The company also finalized its merger with Poseidon Nickel, adding critical processing infrastructure and boosting growth prospects.

Haranga Resources has acquired the Lincoln Gold Project in California, boasting historic production of ~3.4 million ounces and a current indicated and inferred resource of 286,000 ounces. Concurrently, the company advances uranium exploration in Senegal and completes a $1.14 million capital raise.

New Frontier Minerals has identified 46 priority exploration targets rich in heavy rare earth elements at its Harts Range Project and formalized a strategic alliance to process copper ore from its Big One Deposit, marking significant progress in its multi-commodity portfolio.

European Metals Holdings has achieved key regulatory milestones for its Cinovec Lithium Project, including EU Strategic Project status and a $36 million grant, positioning it as a pivotal supplier in Europe’s lithium supply chain.

Tribune Resources delivered steady gold output and continued underground development in the March 2025 quarter, while improving cost efficiency and maintaining positive cash flow. Exploration drilling at key prospects promises potential resource upgrades ahead.

Magnetite Mines has submitted a key Mining Lease Proposal for its Razorback Iron Ore Project and is progressing strategic funding agreements, including a $7 million convertible note facility. The company also filed a provisional patent for a novel saline water processing method, underscoring its technical innovation in green iron production.

Savannah Goldfields is advancing plans to resume gold production by July 2025, backed by a $9.1 million capital raise and strategic leadership appointments. The company aims to capitalise on high gold prices by processing stockpiled ore at its Georgetown plant before restarting mining operations.

Sandfire Resources reported resilient March quarter results despite severe weather disruptions, maintaining its FY25 copper equivalent production guidance and reducing net debt by $45 million. The company also advanced exploration and secured a new $650 million corporate revolving facility, enhancing financial flexibility.

Lefroy Exploration has partnered with BML Ventures in a profit-sharing agreement to fast-track mining at the Lucky Strike Gold Project, backed by promising drilling results that validate and expand the resource base.

MLG Oz Limited reported a robust 20.5% increase in revenue for the first half of FY2025, reaching $272.9 million, even as net profit after tax declined to $4.1 million. The company anticipates stronger growth in the second half, supported by new contracts and fleet expansion.

St Barbara Limited has successfully commissioned the MMD Sizer crusher at its Simberi operation, exceeding performance expectations and boosting SAG mill throughput. The company also appointed Phil Stephenson, a seasoned PNG mining executive, as Operations Advisor to steer operational improvements and strategic decisions.