Latest Underground Mining Development News

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.

Meeka Metals’ first drilling at Turnberry North delivers thick, high-grade gold intersections, signaling potential resource expansion and extended mining at the Murchison Gold Project.

Santana Minerals has reported a significant high-grade gold intercept extending the Rise and Shine deposit 250 metres down plunge, suggesting a potentially much larger orebody and longer mine life.

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.

Alfabs Australia Limited reported a robust 76% rise in net profit for FY2025, driven by strong mining contract deliveries and engineering demand, while boosting dividends and expanding operational capacity.

Black Cat Syndicate has officially commenced underground mining at its Majestic deposit within the Kal East Gold Operation, marking a significant step in its growth strategy. With Macmahon Underground contracted and initial production targets set, the company is poised to boost gold output in the coming years.

Iluka Resources reported a 31% drop in net profit for the first half of 2025, challenged by lower mineral sands prices but buoyed by strong cost controls and early project milestones.

Northern Star Resources confirms steady Ore Reserves at KCGM and outlines robust FY26 production guidance amid ongoing mill expansion. The company highlights strategic underground development and exploration efforts supporting future growth.

Aguia Resources reported steady progress in its June 2025 quarter, highlighting underground gold production in Colombia and development milestones in Brazil’s phosphate project, alongside strategic capital raises and operational restructuring.