Latest Underground Mining News

Adavale Resources has announced a maiden JORC 2012 Inferred Mineral Resource of 115,000 ounces of gold at its London-Victoria Gold Mine and secured a strategic exploration licence containing the high-grade Koh-I-Noor mine. A $3.238 million capital raise will accelerate drilling and exploration across its Parkes Project.

Vertex Minerals has made significant strides at its Reward Gold Mine, commencing gravity plant operations and preparing for underground mining with first high-grade ore expected in Q3 2025. The company also secured firm commitments for an A$11 million capital raise to support its development plans.

Kore Potash has signed non-binding term sheets for a $2.2 billion financing package to develop its Kola Potash Project, marking a significant step toward construction. The company also progressed environmental assessments and strengthened government relations during Q2 2025.

Besra Gold has appointed a new, experienced Board and advanced drilling and metallurgical trials at its Jugan deposit, while awaiting a critical mining lease renewal.

Cobalt Blue Holdings has completed a promising scoping study for its Halls Creek copper-zinc-silver project and secured a key cobalt feedstock contract with Glencore, setting the stage for a final investment decision on its Kwinana Cobalt Refinery by year-end.

Rumble Resources has boosted its Western Queen gold resource by 29% to 370,000 ounces at a higher grade, while advancing underground mining studies and preparing a maiden tungsten resource estimate. Simultaneously, the company progresses its Earaheedy zinc-lead-silver scoping study, signaling a pivotal phase for its Western Australian portfolio.

Celsius Resources has launched an updated feasibility study and front-end engineering design for its flagship MCB Copper-Gold Project, backed by a $76.4 million bridge loan from the Philippine sovereign wealth fund. The company also raised A$1.7 million in equity and progressed environmental and social initiatives across its portfolio.

AGUIA RESOURCES reported a $1.2 million net increase in cash for Q2 2025, underpinned by financing activities, as it prepares to launch underground operations at its Santa Barbara Mine.

Aguia Resources reported steady progress in its June 2025 quarter, highlighting underground gold production in Colombia and development milestones in Brazil’s phosphate project, alongside strategic capital raises and operational restructuring.

Burgundy Diamond Mines has updated its Ekati Diamond Mine Life of Mine plan through 2040, extending Misery underground operations and advancing the Fox Underground project with strong economic prospects.

Burgundy Diamond Mines reported a solid Q2 2025 with increased ore production, $52 million in diamond sales, and a significant extension of the Ekati mine life. Strategic shifts and promising project updates set the stage for future growth.

Group 6 Metals Limited has reported record quarterly tungsten production and sales, completed a major recapitalisation reducing debt, and is transitioning from open cut to underground mining at its Dolphin Tungsten Mine.