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The latest announcement is out from Tolu Minerals Limited ( (AU:TOK) ).
Tolu Minerals reported continued progress in the March 2026 quarter toward restarting the Tolukuma Gold Mine, highlighting strong momentum in underground development, processing plant readiness, and supporting infrastructure. High-grade drilling results at the Zine North prospect, including shallow mineralisation, underpin both early production potential and longer-term resource growth, while an expanded drilling fleet aims to increase resource confidence.
The company’s Mine-Defining Expansion Project is advancing toward execution, with a new incline and tunnel system designed to unlock around 2km of strike and deeper high-grade zones alongside integrated dewatering, ventilation, and tailings paste backfill infrastructure. Dewatering, underground rehabilitation, and mine services are progressing steadily, key processing plant components are nearing refurbishment completion, and hydro power and onsite assay lab projects are moving forward, positioning Tolu for a staged restart targeting about 500 tonnes per day from early 2027.
More about Tolu Minerals Limited
Tolu Minerals Limited is an Australian-listed resources company focused on restarting and developing the Tolukuma Gold Mine in Papua New Guinea. The company operates in the gold mining industry, concentrating on underground and near-mine exploration, resource expansion, and staged production ramp-up to supply high-grade gold to global markets.
Average Trading Volume: 99,234
Technical Sentiment Signal: Buy
Current Market Cap: A$388.7M
See more data about TOK stock on TipRanks’ Stock Analysis page.