Pending Mining Lease Approvals Cloud Norseman Gold Project Outlook
Accent Resources NL continues its methodical progress on the Magnetite Range Project with ongoing pre-feasibility studies and regulatory groundwork, while awaiting key mining lease approvals for its Norseman Gold Project.
- Ongoing pre-feasibility study at Magnetite Range with completion expected in late 2026
- No changes reported to iron or gold mineral resources during the quarter
- 100% ownership maintained across all tenements for both projects
- Mining lease application for Norseman Gold Project remains pending
- Environmental, heritage, and hydrological surveys advancing to support regulatory approvals
Steady Progress on Magnetite Range
Accent Resources NL (ASX – ACS) has provided its quarterly update for the period ending 30 September 2025, highlighting continued advancement of its Magnetite Range Project in Western Australia's Mid-West region. The company is deep into its Pre-Feasibility Study (PFS), focusing on critical groundwork such as mining hydrology, heritage, and environmental surveys. These efforts are essential to securing the necessary regulatory approvals that will underpin future development.
The Magnetite Range Project, wholly owned by Accent, boasts a substantial magnetite mineral resource of over 523 million tonnes grading 31.3% iron. The PFS, initiated earlier this year, is on track for completion in the second half of 2026 and encompasses mine planning, process design, infrastructure logistics, and environmental compliance. This comprehensive approach reflects the company’s commitment to thorough preparation before advancing to the next stages.
Norseman Gold Project – Awaiting Lease Approvals
Alongside Magnetite Range, Accent holds 100% interest in the Norseman Gold Project, situated just south of the Norseman township within a highly mineralised greenstone belt. The project contains a modest but promising gold resource of approximately 59,500 ounces, predominantly near surface, which could offer relatively accessible extraction opportunities.
During the quarter, Accent submitted a mining lease application to consolidate existing tenements into a single lease, streamlining the regulatory framework. However, this application remains pending, introducing some uncertainty around timing. The company has also prepared a Reserve Activity Management Plan to support additional prospecting license applications, signaling ongoing efforts to expand and formalise its tenure in the region.
Stable Resource Base and Strong Ownership
Notably, the quarter saw no changes to the company’s iron or gold mineral resources, indicating a stable resource base as the company focuses on advancing studies and approvals. Accent maintains full ownership of all tenements related to both projects, providing strategic control and flexibility as it navigates the next phases of development.
The report includes competent persons statements from recognised industry experts, underscoring the credibility of the resource estimates and the company’s adherence to reporting standards. This transparency is crucial for investor confidence as Accent moves through the pre-development stages.
Looking Ahead
With the PFS for Magnetite Range expected to conclude in the latter half of 2026, Accent Resources is positioning itself to make informed decisions on project viability and potential investment. Meanwhile, progress on the Norseman Gold Project’s mining lease applications will be a key milestone to watch. The company’s methodical approach, supported by its major shareholders, suggests a patient but purposeful strategy in developing its Western Australian resource portfolio.
Bottom Line?
Accent Resources’ steady progress sets the stage for critical milestones in 2026, with regulatory approvals and study outcomes poised to shape its growth trajectory.
Questions in the middle?
- When will the mining lease for the Norseman Gold Project be granted, and what impact will delays have?
- What are the key findings expected from the ongoing Pre-Feasibility Study at Magnetite Range?
- How might the company’s major shareholders influence future investment or strategic direction?
