Latest Underground Mining News

Page 23 of 57
Medallion Metals has significantly expanded its sulphide Mineral Resource Estimate at the Ravensthorpe Gold Project to 950,000 ounces gold equivalent, underpinning a rapid move toward production with a feasibility study due in October and a Final Investment Decision expected by year-end.
Maxwell Dee
Maxwell Dee
28 Aug 2025
Ora Banda Mining's initial drilling at Round Dam Trend reveals multiple high-grade gold lodes, highlighting significant open pit and underground mining prospects.
Maxwell Dee
Maxwell Dee
28 Aug 2025
Sandfire Resources Ltd reported a 26% surge in FY25 revenue to US$1.176 billion alongside a 46% rise in underlying EBITDA, driven by robust copper production and operational resilience despite severe weather disruptions. The company also slashed net debt by US$273 million, setting the stage for further growth in FY26.
Maxwell Dee
Maxwell Dee
28 Aug 2025
Perseus Mining Limited reported a robust FY25 with a 21.7% revenue increase to US$1.25 billion and a 15.6% rise in profit after tax to US$422 million, driven by higher gold prices despite slightly lower production. The company also declared a final dividend and completed a significant share buyback.
Maxwell Dee
Maxwell Dee
28 Aug 2025
Yari Minerals has increased its inferred coal resource at the Rolleston South Coal Project by 26% to approximately 190 million tonnes, leveraging new data from coal seam gas wells. The company plans a drilling campaign to upgrade resource classification and explore semi-soft coking coal potential.
Maxwell Dee
Maxwell Dee
28 Aug 2025
Zimplats Holdings Limited reported a strong financial rebound in FY2025, with revenue up 8% and net profit surging 393%, even as mined volumes dipped and no dividend was declared.
Maxwell Dee
Maxwell Dee
27 Aug 2025
Havilah Resources has unveiled detailed plans for developing two significant copper deposits in South Australia’s Curnamona Province, highlighting robust resource bases and strategic infrastructure advantages.
Maxwell Dee
Maxwell Dee
26 Aug 2025
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.
Maxwell Dee
Maxwell Dee
26 Aug 2025
Vertex Minerals has commenced high-grade underground gold production at its Reward Mine, processing first ore through a new gravity-only plant and aiming to replace low-grade surface stockpiles with richer underground feed.
Maxwell Dee
Maxwell Dee
25 Aug 2025
Stellar Resources has signed a non-binding Memorandum of Understanding to explore using the idle Avebury Nickel Mine plant for processing ore from its Heemskirk Tin Project, aiming to enhance production and reduce development costs.
Maxwell Dee
Maxwell Dee
25 Aug 2025
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.
Maxwell Dee
Maxwell Dee
25 Aug 2025
Alfabs Australia Limited reported a robust 76% jump in net profit for FY2025, driven by mining equipment hire and new profit centres, while planning a significant $31 million capital expenditure for FY2026.
Maxwell Dee
Maxwell Dee
25 Aug 2025