Latest Underground Development News

WIN Metals has completed a preliminary study for the Radio Gold Project, revealing a low-capital restart plan targeting 20,200 ounces of gold production over 29 months with an 11-month payback period.

Alkane Resources has identified a previously unmined high-grade gold and antimony zone at its Cuffley Lode within the Costerfield project, with assay results revealing spectacular grades. The new discovery is being fast-tracked into the mine schedule, promising to bolster production at this Victorian underground operation.

Regis Resources (ASX:RRL) delivered a landmark FY26 with a 181% surge in net profit to $715 million, underpinned by strong gold production and record prices. The company declared a fully franked 35 cents per share dividend, including a special 5 cents payout from the terminated Vault Minerals merger break fee.

Elk Range Mining has begun its first diamond drilling campaign at the Friday Gold Project in Idaho, aiming to validate historical high-grade gold and build a modern resource base.

Pantera Minerals has kicked off its first-ever diamond drilling campaign at the Gillham Project in Arkansas, aiming to confirm high-grade antimony and silver mineralisation beneath historic mines.

Coda Minerals is set to begin a focused reverse circulation drilling program at its Oakden prospect, aiming to validate historical shallow copper mineralisation and assess its potential as early mill feed for the Elizabeth Creek project.

Evolution Mining delivered record FY26 profit and cash flow, declaring a 21-cent final dividend and setting a higher 60% payout policy while advancing key growth projects and acquisitions.

Rox Resources has signed a binding Native Title Mining Agreement with the Badimia Barna Native Title Claim Applicant, clearing a critical hurdle for the Youanmi Gold Mine in Western Australia and setting a framework for cultural heritage and community benefits.

Critica Limited is reshaping its Mt Lindsay Tin-Tungsten Project with an innovative underground mining approach, aiming to reduce surface disturbance and integrate environmental and commercial factors amid strengthening commodity prices.

Develop Global has locked in GR Engineering to build its Yitirrti processing plant in the Pilbara, advancing a project on track for mid-2028 production and backed by a US$400 million Trafigura financing deal.

Rox Resources (ASX: RXL) has reported strong underground drilling results at Youanmi’s United North area, with mineralisation extending beyond the Definitive Feasibility Study (DFS) mine plan and infrastructure contracts advancing, keeping the project on track for mid-2027 gold production.

Medallion Metals has confirmed and expanded high-grade gold mineralisation at its Lounge Lizard deposit in Western Australia, validating historical data and identifying new lode structures ahead of a major drilling campaign and resource estimate.