Latest Underground Mining News

Capricorn Metals has announced a 13% increase in the Mt Gibson Gold Project's resource, including a maiden underground resource of 684,000 ounces at Orion South and a new open pit resource at Highway, boosting total resources to 4.5 million ounces.

Aeris Resources has released its comprehensive 2024 Mineral Resource and Ore Reserve Statement, detailing strategic changes and growth plans across its Tritton, Cracow, Jaguar, North Queensland, and Stockman assets.

Perseus Mining reports robust drilling results at its Nyanzaga Gold Project in Tanzania, highlighting significant high-grade gold intercepts and potential for mine life extension beyond the initial 11-year plan.

Brightstar Resources has announced the strategic acquisition of Aurumin Limited, consolidating the Sandstone gold district and raising $50 million to accelerate exploration and development. This deal positions Brightstar as a growing mid-tier gold producer with a robust multi-hub growth strategy.

Lunnon Metals has completed a detailed Scoping Study on its Baker and Foster nickel sulphide deposits, highlighting potential economic viability despite ongoing uncertainty over processing arrangements. The study recommends sequential mining starting with the fully permitted Baker deposit, which remains profitable even at current nickel prices.

Perenti Limited has reported a substantial beat on its FY25 free cash flow, reaching approximately A$280 million, well above its prior guidance of A$150 million, driven by asset sales and operational efficiencies.

Pantoro Gold capped FY2025 with robust production and cashflow, eliminating debt and setting ambitious growth targets for FY2026 at its Norseman Gold Project.

Regis Resources closed FY25 with gold production near the top of guidance and a robust cash and bullion position of $517 million. The company’s FY26 outlook maintains steady production while ramping up growth investments amid ongoing legal and exploration developments.

Truscott Mining Corporation has re-established gold production in the Tennant Creek gold field and is progressing the Westminster high-grade gold project through advanced geological research and a structured development plan.

Rox Resources has announced a significant upgrade to the Youanmi Gold Project’s underground resource, boosting contained gold by 21% and increasing grade to 6.0 g/t, setting a robust foundation for its upcoming Definitive Feasibility Study.

Magnetic Resources NL has reported a significant 22% increase in gold resources at its Lady Julie Gold Project, now containing over 2.14 million ounces, while securing a key Native Title Agreement that clears the path for mining leases and development.

Hillgrove Resources reported operational gains and exploration success in Q2 2025, despite lower copper output due to grade variability. The Nugent acceleration project is progressing ahead of schedule, setting the stage for increased throughput and cost efficiencies in 2026.