Latest Underground Mining News

European Metals Holdings Limited has clarified its recent Concept Study results for the Cinovec lithium project, retracting previous production targets while highlighting a potential increase in production capacity pending Definitive Feasibility Study confirmation.

Ten Sixty Four Limited reports a 9% rise in gold production to 13,123 ounces and a reduction in all-in-sustaining costs to US$2,045 per ounce for the September 2024 quarter, while advancing its Tigerway Decline project and navigating ongoing restructuring.

Celsius Resources has obtained a six-month extension to meet funding conditions for its flagship MCB Project, while progressing engineering design and maintaining a stable cash position of A$1.053 million.

Site Group International edges closer to securing a pivotal Higher Training Institute license in Saudi Arabia, while reporting a robust 112% revenue surge and completing a $1 million capital raise to fuel expansion.

Larvotto Resources has reported robust progress at its Hillgrove Antimony-Gold Project, highlighted by exceptional drilling results and a successful $30 million capital raise, positioning the company for production by late 2025.

WIN Metals reports robust drilling results at its Butchers Creek and Golden Crown projects, confirming significant resource growth potential, alongside completing a key acquisition and securing fresh capital.

Southern Palladium has upgraded its Bengwenyama PGM project resource to 40.25 million ounces and delivered a positive prefeasibility study with a post-tax NPV of USD 1.059 billion, marking a pivotal step from exploration to development.

Aguia Resources has commenced underground mining at its Santa Barbara gold project and secured a key court victory for its Brazilian phosphate project, supported by a $1.5 million capital raise.

Vertex Minerals has completed construction and begun commissioning of its Gravity Gold plant at the Reward Gold Mine, supported by significant capital raises and strategic hires.

Medallion Metals Limited advances acquisition talks with IGO Limited for the Cosmic Boy Process Plant while reporting strong drilling results and a promising scoping study for its Ravensthorpe Gold Project.

Mastermyne Group Limited reported a 14% rise in EBITDA to $4.1 million for FY25 Q2, even as revenue fell 10% due to operational disruptions at Anglo American’s Grosvenor mine. The company secured key contract extensions and maintained a strong cash position, positioning itself for growth amid sector uncertainties.

PolarX Limited's latest quarterly report reveals significant extensions of high-grade copper mineralisation at its Caribou Dome Copper Project, deepening the resource to over 300 metres and enhancing prospects for underground mining.