Latest Underground Mining News

Meeka Metals has secured a $60 million institutional placement to fast-track gold production and expand drilling at its Murchison Gold Project in Western Australia, targeting first gold by June 2025.

Makilala Mining has appointed leading consultants to refine and optimise the MCB Copper-Gold Project’s mine plan and infrastructure design, aiming to enhance operational efficiency and environmental outcomes.

FireFly Metals has filed a final prospectus for a C$25.7 million bought deal offering as part of a broader A$71 million equity raise to advance its high-grade copper-gold projects in Canada. The capital raise includes institutional placements, a charity flow-through placement, and a share purchase plan.

Catalyst Metals reports positive infill drilling results at its Trident Gold Project, confirming expected mineralisation and enabling development to commence with first ore targeted in late 2025.

Brightstar Resources is advancing underground development at its Fish Mine on schedule, aiming for first ore stoping in the September quarter while launching drilling programs to extend mine life and upgrade resources.

Terramin Australia reports progress on its Tala Hamza Zinc Project amid Algeria's landmark mining reforms that raise foreign ownership limits and streamline permits, potentially reshaping its investment landscape.

Lode Resources has announced its first Mineral Resource Estimate for the Webbs Consol silver-base metals project in New South Wales, revealing a substantial high-grade deposit. This milestone confirms the project's potential and sets the stage for further exploration and development.

Aguia Resources has reported promising initial drill results at its Santa Barbara gold project in Colombia, confirming key geological models and supporting a significant high-grade gold target. The company plans to accelerate drilling to further define the resource and advance mine planning.

Iltani Resources continues to impress with broad, high-grade silver and base metals intersections from its Orient West drilling program in Queensland, setting the stage for a significant JORC Resource estimate.

FireFly Metals has completed the initial tranches of a major equity raising, securing A$66 million to advance its high-grade copper-gold projects in Canada. The company’s fundraising includes a charity flow-through placement and institutional placement, setting the stage for further capital raises.

Adavale Resources has been granted exploration license EL9785, including the high-grade Koh-I-Noor gold mine, adjacent to its Parkes Project in NSW. The company plans detailed exploration and a maiden drilling campaign in 2025 to unlock further mineral potential.

Southern Palladium has raised A$8 million through a strategic placement to accelerate its Definitive Feasibility Study and staged mine development at the Bengwenyama PGM project, backed by a major cornerstone investor.