Latest Underground Mining News

Horizon Gold advances its Gum Creek Gold Project with ongoing diamond drilling and a major upcoming RC drilling campaign aimed at upgrading its 2.14 million ounce gold resource. The company also strengthens its balance sheet following a strategic share sale.

Iltani Resources has reported outstanding silver equivalent grades from the first seven drill holes at its Orient West project, highlighting significant potential for both open-pit and underground mining operations. The company plans to resume drilling in March 2025, aiming to further delineate this promising silver-indium deposit.

Nexus Minerals reports significant exploration success at its Wallbrook Gold Project with two new gold discoveries and robust assay results from a recent aircore drilling campaign. The company plans further drilling to expand these promising targets.

Coronado Global Resources marked a key milestone with the Mammoth Underground Mine delivering first coal on time and budget, while reporting improved production and cost efficiencies in Q4 2024 despite softer coal prices.

Regis Resources delivered a robust December quarter with 101.3koz gold production at $2,317/oz AISC, repaid $300 million debt early, and set a promising Exploration Target at Ben Hur.

Gold Road Resources reports a 6% increase in attributable Mineral Resources to 4.81 million ounces and a 5% rise in Ore Reserves to 1.92 million ounces as of December 2024, driven by deeper open pit expansions and high-grade additions at Gilmour.

Pantoro Limited delivered a solid December quarter with gold production within guidance and positive cash flows for the fourth consecutive quarter, prompting an upward revision to its FY2025 production target. The company’s strategic focus on underground expansion and asset optimisation underpins its growth trajectory.

Iluka Resources has exceeded its 2024 production guidance with robust zircon and synthetic rutile output, while advancing key projects and implementing cost-saving measures ahead of 2025.

Liontown Resources has delivered a robust December quarter, achieving positive net cash flow and record production at its Kathleen Valley lithium project, reinforcing its path to becoming a major sustainable spodumene supplier.

Liontown Resources has reported a robust December 2024 quarter at its Kathleen Valley Lithium Operation, delivering strong production and financial results that underscore its trajectory towards becoming a world-class lithium producer.

Catalyst Metals is on track to nearly double its annual gold production to 200koz by revitalising the Plutonic East mine, backed by strong grade control drilling results and a modest A$31 million capital plan.

Alkane Resources has reported significant gold intercepts from deep core drilling beneath the San Antonio deposit, revealing promising underground mineralisation potential. The company is advancing a comprehensive exploration program to expand its resource base at Tomingley.