Latest Underground Development News

Aguia Resources reported steady progress in its June 2025 quarter, highlighting underground gold production in Colombia and development milestones in Brazil’s phosphate project, alongside strategic capital raises and operational restructuring.

Burgundy Diamond Mines has updated its Ekati Diamond Mine Life of Mine plan through 2040, extending Misery underground operations and advancing the Fox Underground project with strong economic prospects.

FireFly Metals reports exceptional drilling results at its Green Bay Copper-Gold Project, extending mineralisation well beyond current resources. Backed by a substantial A$145 million capital raise, the company is poised for a resource update and advancing mining studies.

KGL Resources has leveraged cutting-edge integrated 3D inversion modelling to reveal multiple high-priority exploration targets at its Jervois and Unca Creek tenements, suggesting a larger and deeper mineral system than previously known.

Ballymore Resources’ latest drilling at the Dittmer Project in North Queensland confirms expanding high-grade gold, silver, and copper mineralisation, with promising deep extensions identified. The company is advancing towards mining lease approval to unlock further underground exploration.

Alkane Resources reported steady gold production and cash flow for FY2025 at its Tomingley operations, while securing shareholder approval for a transformative merger with Mandalay Resources.

Rand Mining Ltd reported solid gold production of 8,916 ounces in the June 2025 quarter, alongside improved cash flow and ongoing exploration success at key Western Australian projects.

Focus Minerals reported a record gold pour in June 2025 at its Three Mile Hill plant, alongside significant mining progress and infrastructure upgrades at Coolgardie. The company also completed a $250 million sale of its Laverton Gold Project, strengthening its balance sheet.

Liontown Resources reported robust FY25 results with over 294,000 dmt of spodumene concentrate produced and commenced underground mining on schedule. The company is transitioning to 100% underground production by Q3 FY26, aiming for scalable, low-cost operations from FY27 despite a 36% drop in spodumene prices.

Aguia Resources has reported promising initial diamond drilling results at its Santa Barbara gold project in Colombia, confirming high-grade gold mineralisation continuity beneath existing underground workings. The ongoing drilling program aims to delineate an extensive mineralised vein system with further assay results expected soon.

Greatland Resources has completed a landmark FY25, integrating Telfer and Havieron operations, producing nearly 200,000 ounces of gold, and raising $490 million in a successful ASX IPO. The company sets ambitious FY26 targets focused on extending Telfer’s mine life through its largest drilling program ever.

Lunnon Metals reports robust gold assay results from the newly identified Lady Herial Northwest structure, confirming a stacked gold system at its Kambalda project. The company advances open pit permitting and negotiations with major shareholder Gold Fields Ltd.