Latest Underground Development News

Catalyst Metals has secured the Old Highway Gold Project from Sandfire Resources for A$32.5 million, aiming to boost production with a satellite mine feeding its Plutonic processing plant. The project promises a 4-year mine life producing 35,000 ounces annually at competitive costs.

Larvotto Resources has released a definitive feasibility study for its Hillgrove Antimony-Gold Project, confirming robust economics and a targeted production start in 2026. The study outlines an 8-year mine life with strong margins and advanced project financing talks.

Liontown Resources has successfully ramped up production at its Kathleen Valley Lithium Operation, marking a milestone as Australia’s first underground lithium mine begins ahead of schedule. The company reports strong operational and financial performance amid robust lithium demand.

Aguia Resources has marked significant progress at its Santa Barbara gold project in Colombia, achieving maiden gold pours and initiating extensive drill testing. Concurrently, the company secured a long-term phosphate processing lease in Brazil and completed a $1.5 million capital raise, positioning itself for expanded production.

Rox Resources has raised A$40 million through a strongly supported institutional placement to accelerate early development works at its high-grade Youanmi Gold Project, significantly de-risking the pathway to production.

Southern Cross Gold Consolidated Ltd has successfully arranged an upsized C$143 million funding round to fast-track its Sunday Creek Gold-Antimony Project in Victoria, Australia. This capital injection positions the company to advance drilling, underground development, and economic assessments over the coming years.

Focus Minerals Limited has set a new quarterly milling record at its Three Mile Hill plant while accelerating underground development at Bonnie Vale, underpinning a robust operational and financial position.

Aguia Resources has marked a significant milestone with its maiden gold pour at the Santa Barbara project in Colombia, while advancing underground development and expanding processing capacity. Concurrently, the company secured a long-term phosphate processing lease in Brazil and completed a $1.5 million capital raise.

KGL Resources has reported a robust quarterly update for its Jervois Copper Project, highlighting a strong feasibility study with a $405 million NPV and successful drilling that extends high-grade copper resources. The company also secured $4.2 million in new capital and is progressing strategic financing to target production by 2027.

MAC Copper Limited reported steady Q1 2025 copper production amid rising costs but strengthened its balance sheet through a significant debt refinancing, positioning itself for a 23% production increase by 2026.

FireFly Metals reports robust March quarter results, highlighting significant drilling success at its Green Bay Copper-Gold Project and a well-funded position to advance large-scale mining studies.

Haranga Resources has acquired the Lincoln Gold Project in California, boasting historic production of ~3.4 million ounces and a current indicated and inferred resource of 286,000 ounces. Concurrently, the company advances uranium exploration in Senegal and completes a $1.14 million capital raise.