Latest Australia News

Pantera Minerals has secured full ownership of the 470km² Corona Gold Project in Western Australia after receiving Ministerial consent and satisfying all completion conditions. The low-cost acquisition gives the company an 8km historical gold-in-bedrock anomaly and multiple untested auger targets, although the evidence remains unverified by Pantera drilling.

Iluka Resources delivered higher contracted zircon pricing and reduced mineral sands net debt in the September quarter, while the Eneabba rare earths refinery reached 65% construction completion. The update also showed the execution risks still attached to Balranald and a prolonged shutdown of synthetic rutile capacity.

Agrimin is preparing a maiden drilling program at Mount Squires for 2027, but ended September with A$678,000 in cash and an estimated 1.33 quarters of funding. The company says further capital raising initiatives will be pursued when appropriate as Mackay Potash rehabilitation continues.

Deep Yellow has pushed back its targeted fourth-quarter Final Investment Decision for the Tumas uranium project, citing unfavourable equity market conditions. The delay comes as engineering reaches 85%, construction works begin and cash falls to A$144.7 million.

E79 Gold is preparing to start more than 12,000 metres of drilling at its Cue Gold Project in November, subject to final heritage clearance. The explorer ended September with $1.946 million in cash as it moves from target generation to field testing.

RLF AgTech improved margins and cut its quarterly loss sharply, even as revenue fell 18%. The more pressing issue is cash: operating outflow more than doubled to $3.6 million, leaving the fertiliser group with an estimated 1.8 quarters of funding.

Monadelphous has secured approximately $150 million of new resources-sector work across Western Australia, Queensland and New South Wales. The awards extend its maintenance and shutdown pipeline, although the company has not disclosed the value or expected margins of each contract.

Cygnus Metals has completed its acquisition by Central Asia Metals, transferring all Cygnus shares to the London-listed miner. Eligible shareholders received 0.06 new CAML shares for each Cygnus share, as Cygnus moves towards its final ASX delisting.

Raiden Resources has resubmitted the environmental documentation needed to support a permit re-issue for its Crixás gold tailings project in Brazil. The company says approval would allow it to begin evaluating drilling, metallurgy and a potential near-term production pathway, although the project still has no JORC-compliant resource or reserve.

Encounter Resources has grown its Aileron niobium resource by 54% to 120 million tonnes while moving the West Arunta project into mining lease, metallurgical and development work. The company also ended FY2026 with $26.9 million in cash and term deposits, but still has no Ore Reserves or operating revenue base.

Atlantic Lithium has received FIRB approval for Zhejiang Huayou Cobalt’s proposed A$292 million takeover, while Huayou has completed the transfer of Elevra’s Ghana project rights and agreed to fund up to US$66 million of remaining development obligations. The scheme still requires shareholder and court approval, with the first hearing scheduled for 5 November.

Jatcorp’s Q1 FY27 revenue fell 52.4% to A$4.66 million as a sharper seasonal downturn in China hit brand sales and OEM orders. Cash fell to A$3.727 million after A$2.145 million of operating outflows, leaving the company’s reported funding estimate at 1.7 quarters.