Latest Underground Mining News

Gorilla Gold reports robust drilling results from its Comet Vale Gold Project, setting the stage for a significant December 2025 resource update. The company’s exploration success at Cheer, Lakeview, and Sovereign prospects highlights promising high-grade gold intercepts.

Capricorn Metals has released a conceptual study indicating promising underground mining opportunities at its Orion South deposit within the Mt Gibson Gold Project, potentially boosting gold production beyond current open pit plans.

Coronado Global Resources posted a $109.5 million net loss for Q3 2025 amid subdued metallurgical coal markets and announced a proposed refinancing deal with Stanwell Corporation to strengthen its financial position.

Capricorn Metals has expanded its Orion South Underground Mineral Resource Estimate at Mt Gibson to 895,000 ounces, marking a 31% increase since July 2025. This growth, driven by extensive diamond drilling, underscores the project's underground potential alongside ongoing open pit operations.

Rox Resources has initiated underground mining at its Youanmi Gold Project with the first cut fired at the United North pit, backed by robust lender commitments and progressing steadily toward production.

Ballard Mining Limited has released a comprehensive investor update following its July 2025 IPO, highlighting a robust 1.1 million ounce gold resource at Mt Ida and a strong cash position of $40 million. The company outlines ambitious exploration targets and development plans aiming to extend mine life beyond a decade.

Tivan Limited has initiated a comprehensive program of works at its recently acquired Molyhil Tungsten-Molybdenum Project, setting the stage for drilling and resource expansion in early 2026.

Group 6 Metals has materially improved its debt position by converting warrants under its April 2025 recapitalisation plan, signaling renewed shareholder confidence and operational momentum.

Larvotto Resources has appointed PYBAR Mining Services to undertake extensive underground development at its Hillgrove Antimony-Gold Project, paving the way for production to commence in 2026.

Magnetic Resources NL has discovered a fourth high-grade core zone at its Lady Julie North 4 deposit, signaling significant underground potential and resource expansion within the Laverton Project. Ongoing drilling and a recent $35 million capital raise underpin an aggressive push to grow the gold resource beyond 1.94 million ounces.

Cannindah Resources has reported a significant high-grade copper-gold intersection from its first step-out drillhole at the Mt Cannindah project, confirming structural controls and expanding the known mineralised zone.

Peel Mining Limited reveals a robust high-grade resource base and ongoing exploration in the Cobar Basin, positioning itself for growth amid a dynamic regional mining landscape.