Latest Underground Mining Potential News

Lode Resources has identified promising high-grade tin mineralisation at its newly acquired Silver Hills Project near Waratah, Tasmania, with assays up to 3.64% tin from historical waste dumps. This discovery complements its existing Granville Tin Project and expands its critical minerals footprint in Tasmania’s West Coast mining district.

Lode Resources has delivered a maiden JORC Mineral Resource Estimate at Montezuma, revealing a high-grade silver-antimony system with clear underground mining potential and ongoing exploration upside.

Ramelius Resources (ASX: RMS) reported gold production of 38,093 ounces for the March 2026 quarter, maintaining FY26 guidance at the midpoint. The company progressed key projects including early Never Never ore delivery and completed A$110.2 million in share buybacks.

Larvotto Resources has reported robust diamond drilling results at its Metz Mining Centre, revealing wide zones of gold, antimony, and tungsten mineralisation that promise to boost the Hillgrove project’s resource base.

Lunnon Metals reports steady progress at its Lady Herial gold mine alongside the discovery of a new gold-bearing structure northwest of the site, highlighting promising potential for future underground mining.

Stavely Minerals has issued an amended 2026 Mineral Resource Estimate and Scoping Study, correcting key data omissions and confirming significant growth in its copper, gold, and silver resources. The updated study highlights promising open pit and underground mining potential in Western Victoria.

Capricorn Metals Ltd has reported a landmark half-year performance with underlying profit before tax soaring 128% to $206.8 million, supported by strong gold production and cash flow. The company also declared its first fully franked interim dividend, signalling confidence in its growth trajectory.

Iltani Resources reports exceptional silver-indium assay results from its Orient Project’s Link Zone in Queensland, confirming potential to connect key mineral resources. Backed by a fresh $8 million investment, the company plans an aggressive drilling program to expand and upgrade its resource base in 2026.

Wia Gold’s latest drilling results at the Kokoseb Gold Project reveal strong high-grade continuity and promising depth extensions, reinforcing the project’s underground mining potential ahead of a key feasibility study.

True North Copper has launched a right-sized Pre-Feasibility Study for its Cloncurry Copper Project following strong 2025 drilling results, aiming to refine resource estimates and optimise development plans ahead of a potential investment decision in 2026.

Magnetic Resources NL reports significant thick, high-grade gold intersections at its Lady Julie North 4 deposit, boosting the Laverton Project resource to 2.14 million ounces. New drilling reveals a rapidly expanding fourth high-grade core zone with strong underground potential.

Santana Minerals has expanded the high-grade gold footprint at its Rise and Shine deposit, delivering strong drill results featuring visible coarse gold that reinforce the deposit’s underground mining potential.