🕒 Thursday 29 January 2026 Thu, 29 Jan 2026

Miramar Resources has kicked off a significant reverse circulation drilling campaign at its Gidji JV Gold Project, targeting promising bedrock gold deposits near Kalgoorlie. The program aims to follow up on earlier discoveries of supergene gold anomalies with deeper exploration.

Berkeley Energia reports promising metallurgical results from its Conchas critical minerals project in Spain while pursuing a US$1 billion arbitration over permitting delays at its Salamanca uranium project.

Perseus Mining reported a mixed December quarter with stable overall production guidance but rising costs and strong cash reserves, while advancing key projects in West Africa and Tanzania.

Metallium Limited has kicked off commissioning at its Texas Technology Campus, sealed a multi-year feedstock deal with Glencore, and bolstered its balance sheet with a A$75 million capital raise, setting the stage for commercialisation in 2026.

Sheffield Resources reported a 7% decline in ore mined and a 15% drop in concentrate production for the December quarter, while maintaining strong zircon concentrate shipments despite challenging market conditions. The company is advancing loan restructuring efforts and preparing for steady production in early 2026.

Aurum Resources has reported significant resource growth and strong drilling results at its Boundiali and Napié gold projects in Côte d’Ivoire, supported by a robust $40 million cash position.

Perseus Mining reported steady gold production in Q2 FY26 with 88,888 ounces at a higher cost, maintaining a robust cash and bullion balance of US$755 million. The company’s development projects remain on track despite increased royalties and a rejected acquisition bid.

Yandal Resources has made significant progress at its Arrakis gold discovery, confirming a large, high-grade mineralised system while securing a strong cash position to fuel accelerated exploration in 2026.

IGO Limited reports a robust quarter with improved safety, higher spodumene production and prices at Greenbushes, successful commissioning of CGP3, and solid performance at Nova. Despite challenges at Kwinana refinery, the group’s underlying EBITDA and cash flow strengthened.

Ora Banda Mining Ltd has reported a record quarterly gold production of 32,036 ounces, alongside significant exploration successes and a $63 million investment in growth projects, while revising its FY26 cost guidance upward due to increased third-party milling expenses.

Lefroy Exploration has transitioned its Lucky Strike Gold Mine from approvals to active mining, with first ore haulage and toll milling set for early 2026. Meanwhile, promising drilling results at the Burns Gold Project hint at further resource growth.

Lefroy Exploration Limited reported a net cash outflow in operating and investing activities for Q4 2025, balanced by financing inflows, leaving it with $1.85 million in cash and a funding runway of just over two quarters.

Elixir Energy has secured a $16.6 million capital injection led by Omega Oil and Gas, propelling its high-impact Lorelle-3 appraisal well drilling and expanding contingent gas resources in Queensland’s Taroom Trough.

Mineral Resources Limited has upgraded its lithium production guidance and reported record iron ore shipments in Q2 FY26, alongside a significant reduction in net debt and a strategic joint venture with POSCO Holdings.

Hamelin Gold Limited advances exploration with fresh drilling and geophysical surveys in Western Australia’s Yilgarn, Tanami, and Paterson provinces, maintaining a solid cash position of AUD 3.6 million.

Everest Metals Corporation has ramped up mining operations at its Mt Dimer Taipan Gold Project, delivering over 25,000 tonnes of ore and initiating a major drilling program to expand resources and optimise production.

WIN Metals has announced a significant 46% increase in the Mineral Resource Estimate at its Radio Gold Project, now totalling 41,000 ounces of gold. This upgrade, supported by extensive drilling, sets the stage for imminent mine planning and a potential development decision by mid-2026.

Great Western Exploration is set to drill six promising copper-gold targets at its Juggernaut prospect, aiming to unlock a volcanic hosted massive sulphide (VHMS) mineral system akin to nearby DeGrussa.

Tanami Gold NL reports significant drilling progress and an 18% increase in resource tonnes at its Central Tanami Project, reinforcing its growth potential ahead of a key joint venture acquisition.

QX Resources has confirmed high-grade uranium mineralisation at its Madaba project in Tanzania and commissioned a detailed airborne radiometric survey to refine drill targets. Meanwhile, gold and iron ore projects in Australia await further exploration.

EVZ Limited has reported its strongest quarterly cash position since inception, alongside profitable growth and an $80 million contract backlog, signalling robust momentum in its transition to a diversified industrial group.

Iluka Resources has reported a significant 19% increase in heavy mineral tonnage at its WIM100 deposit in western Victoria, enhancing the resource confidence and supporting its rare earths supply ambitions for the Eneabba refinery.

Iluka Resources is set to report a hefty $565 million pre-tax charge in FY25, driven by impairments and inventory write-downs amid ongoing weak demand for mineral sands products.

Iluka Resources reported a strong finish to 2025 with record zircon and rutile production, while advancing its Eneabba rare earth refinery and navigating softer zircon prices amid cautious 2026 guidance.