Latest Underground Mining Development News

Liontown Limited delivered its strongest financial quarter since production began, achieving a self-funded quarter with a $33 million cash boost and surpassing underground mining targets ahead of schedule, while maintaining FY2026 guidance amid robust lithium market conditions.

Medallion Metals has greenlit development at Ravensthorpe following a $50 million loan and environmental approval, while integrating Forrestania assets to underpin a multi-source gold strategy.

Celsius Resources appoints Bardin Davis as MD to lead financing efforts for the MCB Copper-Gold Project, extends Final Investment Decision timeline to late 2026, and navigates a complex ownership dispute in the Philippines while raising A$9.3 million.

Grange Resources has released its 2025 Annual Mineral Resource and Ore Reserve Statement for its Savage River operation, reporting only minor declines due to mining depletion and ongoing refinement of underground plans.

Vault Minerals has delivered a robust half-year result with a 44% jump in EBITDA and declared its first-ever dividend, signalling confidence in its growth and cash flow outlook.

Rumble Resources reports multiple high-grade gold and tungsten intercepts from its Western Queen project, advancing underground mine development with strong economic indicators and ongoing permitting progress.

Meeka Metals delivered a robust December quarter with a 28% jump in gold production and nearly doubled operating cash flow, while exploration at new targets hints at further resource expansion.

Kingston Resources reported a 14% increase in quarterly revenue to $18.1 million despite a geotechnical setback, while underground mining development gains momentum and resource estimates grow by 29%.

Pantoro Gold delivered a solid December quarter with strong gold production, robust EBITDA, and promising exploration results at its Norseman Gold Project.

Tanami Gold NL has released final assay results from its 2025 drilling campaigns at the Jims Gold Mine and Defa Prospect, confirming extensive gold mineralisation and promising high-grade zones that could underpin future mining development.

Develop Global Limited has landed a significant A$200 million contract to build underground access tunnels at OceanaGold’s Waihi North Project in New Zealand, marking a major milestone for its mining services division.

Group 6 Metals has materially improved its debt position by converting warrants under its April 2025 recapitalisation plan, signaling renewed shareholder confidence and operational momentum.