Latest Underground Mining News

Terrain Minerals has delivered a maiden Inferred Mineral Resource Estimate of 54,000 ounces of gold and 156,500 ounces of silver at its Lightning Gold Project in Western Australia, setting a foundation for resource expansion and development.

Australian Gold and Copper Ltd (ASX: AGC) pushed mineralisation at Achilles beyond 540m, kicked off maiden resource drilling at Browns-Evergreen, and secured the drill-ready Junee Gold Project, supported by a $5 million placement and a near $1 million R&D refund.

Alfabs Australia has locked in a 12-month hire agreement for its Continuous Miner CM04 with a Queensland mining client, adding around $2.5 million in annualised revenue and boosting fleet utilisation.

Unity Metals has struck significant gold mineralisation in its maiden drill hole at the O’Phlay Gold Project, intersecting 40 metres at 1.9 g/t gold including a high-grade 5 metres at 10.5 g/t. The discovery points to a promising intrusion-related gold system open at depth and along strike.

Cobre Limited deepens its footprint in Botswana’s Kalahari Copper Belt through a new partnership with Equinor to optimise in-situ copper recovery at Ngami, while drilling campaigns at Ngami and Okavango reinforce mineralisation continuity and highlight fresh exploration targets.

Austral Gold has unveiled a comprehensive 14-year life-of-mine plan for its Guanaco Mine in Chile, underpinned by a US$192.1 million after-tax NPV and robust mineral reserves.

Turaco Gold’s latest deep drilling at Woulo Woulo Deposit confirms a substantial 250-metre vertical extension of higher-grade gold mineralisation, potentially expanding the 1.7Moz resource and underpinning a larger mining footprint.

Altoro Metals, formerly Variscan Mines, has officially rebranded and is set to begin maiden diamond drilling at its Guajaraz polymetallic project in Spain, backed by a $5 million capital raise.

Meeka Metals reports significant high-grade gold intersections well below the Turnberry Ore Reserve, coinciding with a strategic shift from open pit to underground mining amid contractor productivity issues.

Horizon Gold's Definitive Feasibility Study for the Gum Creek Project outlines a robust 10-year open pit mine plan with strong financial returns and production targets, setting the stage for a Final Investment Decision in mid-2027.

Westgold Resources delivered a record 387,354oz gold production in FY26, exceeding guidance, while closing the year with a robust $939 million in cash and liquid assets, remaining debt free and unhedged.

Gorilla Gold Mines has struck a spectacular new high-grade gold intercept at its Vivien Project in WA and secured underground mine de-watering to unlock redevelopment options.