Latest Underground Mining News

Capricorn Metals reported solid December quarter gold production at Karlawinda, advanced its Mt Gibson exploration and development, and completed the Warriedar acquisition, positioning itself for growth in FY26.

Augustus Minerals has expanded its gold exploration footprint at Music Well and is preparing for drilling, while progressing key licence applications in Papua New Guinea. Leadership changes and financial positioning signal a pivotal phase ahead.

Ramelius Resources reported a robust December 2025 quarter with solid gold production, strong cash flow, and significant progress on major projects including Never Never and Rebecca-Roe.

Strategic Elements Ltd’s subsidiary Stealth Technologies has secured its inaugural commercial pilot deployment of the EdgeiQ system at an underground gold mine in Western Australia, marking a significant milestone in the technology’s commercialisation journey.

Perseus Mining reported steady gold production in Q2 FY26 with 88,888 ounces at a higher cost, maintaining a robust cash and bullion balance of US$755 million. The company’s development projects remain on track despite increased royalties and a rejected acquisition bid.

Iluka Resources reported a strong finish to 2025 with record zircon and rutile production, while advancing its Eneabba rare earth refinery and navigating softer zircon prices amid cautious 2026 guidance.

Rand Mining Ltd reported a significant 96% increase in gold mined during the December 2025 quarter, driven by heightened activity at the Hornet open pit and strong processing through Evolution Mining’s Mungari plant. The company also posted improved cash flows amid ongoing exploration efforts.

Tribune Resources Ltd reported a 96% increase in gold mined at its East Kundana Joint Venture in the December 2025 quarter, alongside ongoing exploration progress in Ghana with assay results pending.

True North Copper Limited has released an updated Mineral Resource Estimate for its Wallace North copper-gold deposit, showing a 12% increase in tonnes and supporting ongoing development of the Cloncurry Copper Project in Queensland.

Benz Mining Corp’s latest drilling at the Glenburgh Gold Project reveals ultra high-grade shallow gold lenses and extends a large-scale mineralised system, positioning Glenburgh as a promising new gold district in Western Australia.

29Metals Limited has initiated a fully underwritten $150 million entitlement offer at $0.40 per share, aiming to bolster its growth projects and operational recovery following seismic disruptions. The retail offer opens on 28 January and closes on 11 February 2026.

Grange Resources delivered a robust quarter with increased concentrate output and reduced unit costs at Savage River, while advancing financing for its North Pit Underground project.