Latest Underground Development News

Tolu Minerals Limited has revealed significant progress at its Tolukuma Gold Mine in Papua New Guinea, targeting resource expansion and first production by mid-2026. The company’s extensive drilling campaign and new infrastructure promise to reshape its growth trajectory.

Rox Resources has ramped up operations at its Youanmi Gold Project, transitioning to 24-hour mining and completing key infrastructure ahead of production. The company is advancing permitting and financing milestones to maintain its development momentum.

FireFly Metals has launched a dual capital raising initiative, combining a $5 million Share Purchase Plan for eligible shareholders and a C$15 million Canadian flow-through share offer, aimed at funding key development and exploration activities at its Green Bay Copper-Gold Project.

Benz Mining reports significant high-grade gold extensions at Zone 126 and a new Lens 5 discovery at its Glenburgh Gold Project, highlighting strong potential for resource growth and new district-scale targets.

Regis Resources’ latest exploration update reveals strong drilling results across key targets at Duketon and Tropicana, underscoring significant growth potential and resource extensions.

Pinnacle Minerals has launched its first modern exploration program at the Antimony Queen Project in Washington State, aiming to unlock the potential of a historic antimony-gold district within a critical US minerals corridor.

FireFly Metals has raised approximately A$139 million to accelerate exploration and development at its Green Bay Copper-Gold Project in Canada, setting the stage for a major resource expansion and a Final Investment Decision in 2026.

Pantoro Gold's latest drilling at the Scotia Underground Mine reveals high-grade gold mineralisation extending 135 metres below current resources, reinforcing the mine's long-term potential within the Norseman Gold Project.

FireFly Metals has successfully raised over C$30 million through a Canadian bought deal and approximately A$106.5 million via an Australian equity raise to fund key development and exploration at its Green Bay Copper-Gold Project in Newfoundland.

Deep Yellow Limited has appointed Greg Field as its new Managing Director and CEO, aiming to leverage his extensive project execution experience to advance key uranium projects in Namibia and Australia.

WIN Metals has reported further high-grade gold intercepts at its Radio Gold Project in Western Australia, reinforcing the potential to expand its mineral resource and extend underground mining operations.

Greatland Resources confirms Havieron as a world-class, long-life gold-copper mine with robust economics and full funding secured. The feasibility study outlines a 17-year mine life with steady production and competitive costs leveraging existing Telfer infrastructure.