Latest Underground Development News

Core Lithium has successfully raised $50 million through a two-tranche institutional placement, complemented by a $10 million Share Purchase Plan, to accelerate its Finniss Lithium Project towards a Final Investment Decision.

Aurelia Metals has reported a robust turnaround in FY25 with a 69% jump in EBITDA and a return to profitability, driven by operational gains at Peak and Federation. The company is advancing key growth projects targeting 40kt copper equivalent production by FY28.

Mammoth Minerals has initiated the second phase of exploration at its Excelsior Gold-Silver Project in Nevada, leveraging a pioneering 3D underground survey of the historic Blue Dick Mine to guide upcoming drilling.

Ora Banda Mining Ltd delivered a standout FY25 with net profit soaring 575% to $186 million, driven by record gold production and successful underground mine expansions. The company sets ambitious FY26 targets amid strong operational momentum.

Vertex Minerals has commenced high-grade underground gold production at its Reward Mine, processing first ore through a new gravity-only plant and aiming to replace low-grade surface stockpiles with richer underground feed.

Regis Resources has reported record financial results for FY25, driven by strong gold prices and operational consistency, while declaring a fully franked dividend. The company remains debt-free and sets ambitious production guidance for FY26.

Vault Minerals reports a robust FY25 with soaring gold production and profits, underpinned by operational upgrades and a strategic share buy-back.

Vertex Minerals has initiated underground mining at its Reward Gold Mine, marking a significant shift to high-grade gold extraction. The company is progressing steadily with infrastructure and mining fronts to sustain continuous production.

Greatland Resources has downgraded its FY26 gold production target and significantly increased capital expenditure forecasts for its Telfer Project, prompting a sharp share price reaction and detailed ASX disclosure.

Westgold Resources projects a rise in gold production to 345-385koz in FY26, backed by significant capital investment and operational improvements aimed at boosting free cash flow.

Black Cat Syndicate has awarded the Fingals open pit mining contract to Mineral Mining Services, initiating mobilisation and targeting an initial 120,000 ounces of gold production at its Kal East operation.

Black Cat Syndicate’s recent shallow drilling at Fingals delivers impressive high-grade gold intercepts, reinforcing the deposit’s role as a cornerstone for Kal East’s production growth. The results underpin ongoing mining ramp-up and future underground development plans.