Latest Underground Mining News

Black Cat Syndicate’s ongoing underground drilling at Paulsens has revealed extraordinary gold grades, including a standout 1.60m intercept at 623.94g/t Au. These results underpin the mine’s ramp-up and resource expansion plans.

New Murchison Gold Limited reveals significant high-grade gold intersections well below the current open pit at its Crown Prince Gold Mine, signaling promising underground mining potential and an extended mine life.

Advanced Braking Technology Ltd (ASX, ABV) reported a robust 25% revenue increase and 36% net profit growth for FY25, driven by international expansion and pioneering product launches in mining safety technology.

Mastermyne Group has received a Letter of Intent to extend its underground mining contracts with Anglo American Steelmaking Coal, potentially adding $31 million in revenue through April 2026.

Mithril Silver and Gold has launched a fully funded 45,000-meter drilling campaign at its Copalquin district in Mexico, delivering strong high-grade gold and silver results that underscore the project's expanding potential.

Ora Banda Mining's initial drilling at Round Dam Trend reveals multiple high-grade gold lodes, highlighting significant open pit and underground mining prospects.

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.

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.

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.

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.

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.

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.