Latest Australia News

Corazon Mining has confirmed shallow, high-grade gold mineralisation at its Wembley prospect in Western Australia, with drilling extending the known system about 60 metres east of historic work. Seven assays remain outstanding as the company prepares follow-up drilling aimed at an eventual Exploration Target and potential Mineral Resource.

Metal Hawk has highlighted a shallow, high-grade gold intercept at the Numbat lode in Western Australia, with the structure remaining open along strike and at depth. Follow-up drilling is due to resume shortly, but the discovery remains an exploration result rather than a defined resource.

Equus Energy has completed Pre-FEED on its large North West Shelf gas project and signed a conditional 10-year gas sales agreement with Alcoa. But the annual report also shows a $25 million loss, a $12 million rehabilitation provision and substantial funding and permitting hurdles before development can begin.

L1 Group has finalised the key terms of its 2 cent fully franked interim dividend, confirming a Dividend Reinvestment Plan price of $1.2326. New DRP shares will be issued on 23 September, while New Zealand holders will receive the dividend equivalent in NZD.

Bass Oil has set out a growth plan spanning Indonesian oil production, a planned Vanessa gas restart and development of its Kiwi discovery in South Australia. The strategy offers several potential catalysts, but much of the upside remains dependent on funding, approvals and execution.

Polymetals Resources moved its Endeavor silver-zinc-lead mine from restart to commercial production in FY2026, generating A$100.0 million in revenue. The milestone came alongside a A$47.0 million loss, negative operating cash flow and an auditor warning over going-concern uncertainty.

Osmond Resources reported a A$7.61 million FY26 loss and warned of a material uncertainty over its ability to continue as a going concern, despite holding A$5.50 million in cash. The company is betting its Spanish Orión project can move from exploration into a resource estimate and scoping study in the coming months.

Encore Minerals has approved development of the Windarra Tailings Project, triggering a $400,000 payment to Maritana Minerals and preserving the company’s exposure to future gold production through royalties. Encore will carry the project’s development and operating costs, although key execution milestones remain ahead.

Emperor Energy has signed a term sheet to secure the Valaris 107 jack-up rig for its Judith-2 appraisal well, targeted for April 2027. The deal commits US$3.5 million before the full drilling contract is finalised, while environmental approval remains outstanding.

Element 25 has signed a binding AU$50 million NAIF facility agreement for its Butcherbird Expansion Project, replacing an earlier funding commitment with a contractual financing framework. The money is not yet available: financial close, first drawdown and other conditions precedent remain outstanding.

Barton Gold has secured approval for the environmental scope governing development studies at its Tunkillia gold and silver project in South Australia. The milestone moves the project towards a Mining Lease application, with updated resources, Ore Reserves and a pre-feasibility study targeted for the first quarter of 2027.

Recharge Metals has identified materially higher tungsten grades in selected re-assayed pulps from its Brandy Hill South copper project in Western Australia. The results strengthen the case for a broad Cu-W-Mo system, but the most important evidence still sits in more than 1,000 samples awaiting testing.