Latest Underground Development News

Northern Star Resources has met its FY25 gold sales guidance with strong June quarter results and outlined an ambitious FY26 production and capital expenditure plan focused on growth and operational readiness.

Adriatic Metals has officially declared commercial production at its Vareš Silver Operation in Bosnia and Herzegovina, overcoming earlier operational hurdles. This milestone sets the stage for steady output and stronger cash flow.

Black Cat Syndicate reports ongoing underground drilling success at its Paulsens Gold Operation, revealing significant high-grade gold mineralisation in newly targeted Gabbro Veins. The results underpin resource growth and support an accelerated production ramp-up.

Develop Global Limited has launched a A$180 million equity placement to fast-track production and extend mine life at its Woodlawn and Sulphur Springs projects, positioning itself as a leading copper and base metals player on the ASX.

Predictive Discovery’s Definitive Feasibility Study confirms the Bankan Gold Project in Guinea as a large-scale, long-life operation with robust economics and strong production potential.

Brightstar Resources is advancing underground development at its Fish Mine on schedule, aiming for first ore stoping in the September quarter while launching drilling programs to extend mine life and upgrade resources.

Ballymore Resources’ latest drilling at the Dittmer Project in north Queensland has uncovered exceptional bonanza-grade gold intersections, including a staggering 221.31 g/t gold over 0.4 metres. The company is now preparing to test a deep porphyry target that could redefine the project’s potential.

FireFly Metals Ltd has announced a flow-through share offer aiming to raise approximately A$11.2 million, targeting Canadian investors to fund regional exploration drilling. This offer complements a broader capital raising strategy to advance development at the Ming Mine and other key projects.

Perseus Mining outlines a robust five-year gold production plan targeting up to 2.7 million ounces with stable costs and strong cash margins, backed by major projects in Africa.

FireFly Metals has successfully raised approximately A$95 million through a multi-part equity offering to fund an aggressive exploration and development program at its Green Bay Copper-Gold Project in Canada.

Viking Mines has completed an Underground Mining Study at its First Hit gold mine, defining an inferred underground resource of 12,400 ounces of gold and outlining plans for follow-up drilling at high-grade targets within its Riverina East Project.

Develop Global has commenced concentrate production and cashflow at its Woodlawn copper/zinc mine, marking a significant milestone in its strategy to become a leading ASX copper and base metals company.