Lithium producer Allkem's annual report reveals a 62% rise in revenue, hitting a record US$1.2 billion (AUD$1.8 billion), driven by strong operations and favorable market conditions.

At the Mt Cattlin lithium site in Western Australia, revenue surged by 36% to US$615.6 million (AUD$956.2 million).

Allkem's Olaroz lithium facility in Argentina achieved a record annual production of 16,703 tonnes, 30% higher than its previous best. Revenue at Olaroz soared by 102% to US$592.2 million (AUD$920.1 million), based on 13,186 tonnes of lithium carbonate sales.

Evolution Mining has revealed an enhanced mineral resource estimate for the Ernest Henry project, situated 38km north-east of Cloncurry, Queensland. This large-scale copper-gold operation gained an extended mine life earlier this year, bolstering its prospects. As of June 30, the updated mineral resource stands at 101.5 million tonnes, boasting 1.25% copper and 0.73 grams per tonne (g/t) gold. This translates to 1.3 million tonnes of copper and 2.4 million ounces of gold.

Westgold Resources has taken a major step towards sustainability by launching four new hybrid power facilities to power its Western Australian operations. The move marks a shift from diesel-fired power to renewable energy, resulting in a reduction of 15,000 tons of CO2 emissions and a saving of 10 million liters of diesel annually. Managing Director Wayne Bramwell emphasized the company's dedication to lowering greenhouse gas emissions and operational costs.

Western Australian gold explorer De Grey has announced substantial advancements at the Hemi project in the Pilbara region. Exploratory efforts have led to major strike extensions at the Eagle and Diucon deposits, with potential for increased scale of the Diucon-Eagle open pits and enhanced underground mining opportunities. De Grey's general manager of exploration, Phil Tornatora, highlighted the extension of mineralisation at depth at Eagle and along Diucon's strike.

Bellevue Gold's flagship gold project in Western Australia is proving to be a promising venture as the company announces high-grade mineralisation during infill drilling. The historic Bellevue gold mine, located in the northern Goldfields region, has returned positive results from both the Bellevue South and Armand Main areas. With development levels opened in the upper Armand work area, long hole stoping is set to commence soon, contributing significantly to early stoping and development ore.

Larvotto Resources, a mining company based in northwest Queensland, has exciting news for investors and stakeholders as it begins the reverse circulation drilling at its Mt Isa project. Situated within the Mt Isa Inlier, a region known for its abundance of valuable minerals, the project holds immense potential for copper, gold, and cobalt.

Widgie Nickel has achieved a remarkable high-grade nickel discovery at its Widgie Townsite resource, a key element of the Mt Edwards project pipeline and central to the Widgie South project. The successful drilling campaign revealed significant nickel mineralization on the eastern limb of the Widgie Townsite syncline, marking a major breakthrough for the company.

St Barbara's June 2023 quarter report unveiled a remarkable performance, bolstering its standing in the gold mining sector. The company achieved a significant increase in gold production, yielding 77,125 ounces at an AISC of $2145 per ounce, surpassing the March 2023 quarter results. Overall, FY23 production totaled 260,368 ounces, meeting upper-end guidance, with an AISC of $2443 per ounce. A sale of 68,854 ounces of gold in the June quarter, at an average realized price of $2921 per ounce, further contributed to the company's success.

Red 5's King of the Hills gold mine achieved exceptional results in the June 2023 quarter, recording four months of record gold production. With 61,705 ounces produced, a significant increase from the previous quarter, the company's sales reached 58,960 ounces, generating operating cash flows of $50.6 million. Demonstrating strong operational efficiency, Red 5 met its production and cost guidance for the second half of the fiscal year, producing 102,574 ounces at an AISC of $1837/oz.