Latest Underground Development News

Focus Minerals Ltd. reported record ore processing at its Three Mile Hill plant and significant progress on the Bonnie Vale Underground Mine during the December 2024 quarter, supported by a solid cash position of $16.5 million.

Tribune Resources Ltd delivered a robust December 2024 quarter with increased gold production and a strong net cash inflow, underpinned by ongoing exploration and operational advancements.

Aguia Resources has successfully poured its first gold and silver from the Santa Barbara high-grade project in Colombia, marking a rapid operational milestone following its acquisition of Andean Mining.

Spartan Resources has launched an ambitious 85,000-metre drilling program at its Dalgaranga Gold Project, aiming to expand and upgrade its high-grade gold resources. Early results from late 2024 drilling show promising extensions beyond current estimates.

Adriatic Metals delivered a strong Q4 2024 with 934koz silver equivalent produced, setting the stage for commercial production at Rupice Mine in Q1 2025. The company’s financial footing and expansion plans signal confidence in scaling operations.

Adriatic Metals has transitioned from development to production, delivering strong silver equivalent output in Q4 2024 despite extreme weather disruptions, and has updated its 2025 guidance with ambitious expansion plans.

Grange Resources delivered a robust December quarter with increased pellet and concentrate output, a stronger cash position, and key advancements in its North Pit Underground Project.

Develop Global Limited reports significant progress at its Woodlawn copper-zinc mine, with the processing plant upgrade 70% complete and underground ore production set to begin in March 2025. The company has secured a US$65 million funding facility and projects A$425 million in pre-tax cash flow over the first three years post-ramp-up.

Brightstar Resources has initiated ore haulage from its Laverton Hub under a key Ore Purchase Agreement, setting the stage for its first gold pour in March 2025 and positioning the company for growth amid record gold prices.

De Grey Mining reports outstanding infill drilling results at the Eagle deposit within the Hemi Gold Project, highlighting significant mineralisation extensions and reinforcing the case for future underground mining development.

Regis Resources delivered a robust December quarter with 101.3koz gold production at $2,317/oz AISC, repaid $300 million debt early, and set a promising Exploration Target at Ben Hur.

Carnavale Resources has expanded its Kookynie Gold Project with the discovery of the Tiptoe lode and significant depth extensions at Swiftsure, enhancing resource potential amid rising gold prices.