Australia’s Mining Epicentre: Key Takeaways from Day 1 of the 2025 Diggers & Dealers Mining Forum

Diggers & Dealers Mining Forum Highlights 2025

The Diggers & Dealers Mining Forum (D&D) held in Kalgoorlie, Western Australia, has evolved into one of the most significant events on the global mining calendar since its inception in 1992. Drawing over 2,500 attendees, the conference serves as a platform for mining executives, investors, and analysts to discuss insights and potential deals.

This year’s forum commenced with presentations from 22 out of the 67 participating companies. Below, we summarise the standout discussions from Day 1, categorised by market capitalisation.

Mid-Large Cap Companies (Market Capitalisation > $500 million)

1. Boss Energy Limited (ASX: BOE)

   • CEO Duncan Craib noted that the Honeymoon uranium mine exceeded production and cost targets in its first year, projecting output of 1.6 million pounds for FY26. Boss aims to enhance its position leveraging satellite deposits and exploration in South Texas and Queensland, despite recent challenges affecting share prices.

2. Catalyst Metals Ltd (ASX: CYL)

   • James Champion de Crespigny shared plans to double gold production from its Plutonic Belt assets, highlighting an updated resource of 800,000oz. Catalyst is well-capitalised, with $330 million liquidity and no debt, propelling its development plans.

3. Emerald Resources (ASX: EMR)

   • Morgan Hart emphasised a growth strategy targeting over 300,000oz annually while maintaining current shareholder values. Emerald’s operations in Cambodia and upcoming projects in Western Australia are expected to bolster this objective.

4. Evolution Mining (ASX: EVN)

   • Lawrie Conway outlined a successful fiscal year with record cash flow and strategic expansion projects, including Mungari and other high-performing assets that contribute significantly to production and cash generation. Evolution’s approach focuses on maintaining margins and sustainable growth.

5. Genesis Minerals (ASX: GMD)

   • Matthew Nixon highlighted the company’s transformation from a single mine to a diversified gold producer. Genesis aims for 400,000oz annually, driven by strategic acquisitions and increased milling capacity.

6. Paladin Energy (ASX: PDN)

   • Paul Hemburrow provided optimistic updates about their Namibian uranium projects and highlighted the promising potential of the Patterson Lake South project in Canada, which could significantly boost production volumes.

7. Ramelius Resources (ASX: RMS)

   • Mark Zeptner discussed the merger with Spartan Resources, which is expected to escalate production levels and maintain lower operating costs, underlining a strong cash position that allows room for exploration and expansion.
8. Vault Minerals (ASX: VAU)
   • Len Eldridge presented Vault’s growth strategy, citing its substantial cash reserves and focused operations aimed at increasing production without diluting shareholder equity.

Small Cap Companies (Market Capitalisation < $500 million)

1. Medallion Metals (ASX: MM8)

   • Paul Bennett shared plans for a streamlined, low-cost gold-copper operation, expecting to yield 70,000oz per annum with minimal initial investment. Their recent scoping study indicated promising economics.

2. Stellar Resources (ASX: SRZ)

   • Simon Taylor introduced the Heemskirk Tin Project, aiming for significant production growth. The project benefits from robust support and has demonstrated exciting exploration potential amid a critical demand for tin.

3. Turaco Gold (ASX: TCG)

   • Justin Tremain reported remarkable developments at the Afema Gold Project in Ivory Coast, which has escalated from no resources to an identified 3.6Moz. Turaco aims to advance further without additional equity requirements.
4. Waratah Minerals (ASX: WTM)
   • Peter Duerden announced promising gold discoveries in New South Wales, supported by a strategic exploration approach. The company aims to define resources quickly while leveraging its geological expertise.

Conclusion

The 2025 Diggers & Dealers Mining Forum showcased a diverse array of companies poised for growth in the mining sector. With a focus on strategic development, operational excellence, and exploration opportunities, both mid-large and small cap companies are adapting to evolving market conditions and aiming for future success. As the conference unfolds, continued insights and developments are anticipated from participating firms.