Latest Underground Mining News

Macmahon Holdings has posted record FY25 results, buoyed by Decmil integration and strong mining contract wins, while raising its FY26 revenue and earnings guidance.

CuFe Ltd announces a remarkable 400% increase in its Gecko copper-gold resource at Tennant Creek, boosting the total project resource to 24.3 million tonnes. This comprehensive update integrates decades of historical data and expands the deposit’s economic potential with byproduct metals.

Horizon Gold is advancing its Gum Creek Gold Project feasibility study on track for early 2026 completion, with significant resource expansion and deep drilling planned to extend mine life and enhance project economics.

Cazaly Resources has released final 1m assay results from its initial drilling at the Goongarrie Gold Project, confirming significant high-grade gold mineralisation. Assays up to 56.3 grams per tonne gold highlight promising potential for both open pit and underground mining.

New Hope Corporation reported robust FY25 coal production and EBITDA despite severe weather and logistics disruptions at its Bengalla Mine, while New Acland Mine showed significant growth.

Marimaca Copper has successfully extended the high-grade copper mineralization at its Pampa Medina deposit by 300 meters west, confirming a large, continuous sediment-hosted system with promising grades and widths.

Gold Road Resources Limited has agreed to be acquired by Gruyere Holdings Pty Ltd, owned by Gold Fields Limited, in a scheme of arrangement offering $3.29 per share in cash consideration. The Gold Road Board unanimously recommends shareholders vote in favor of the Scheme, subject to no superior proposal emerging.

Patriot Battery Metals has reported a significant mineral resource upgrade at its Shaakichiuwaanaan Property, reaffirming its position as a leading lithium and caesium explorer. The company also progressed its lithium-only feasibility study and environmental assessments while maintaining a strong financial position.

Catalyst Metals reports significant drilling intercepts outside the current Trident Gold Project resource, hinting at further resource growth and supporting its ambition to double reserves on the Plutonic Gold Belt.

Burgundy Diamond Mines has released an updated Life of Mine plan for its Ekati Diamond Mine, extending operations through 2040 with robust economics from the Fox Underground Project. The update includes revised resource and reserve estimates and a deferred Point Lake open pit mining schedule.

Variscan Mines has successfully completed the initial phase of its $2.5 million capital raise, bolstering funds for advancing its Novales-Udias zinc-lead project in Spain.

Godolphin Resources has announced a substantial upgrade to its Lewis Ponds mineral resource, boosting contained gold to 470,000 ounces and silver to 21 million ounces, marking a significant step towards project development.