Latest Australia News

Augustus Minerals has reported its strongest Clifton East gold intersection to date while preparing more drilling at Music Well and advancing contested licence applications in Papua New Guinea. The exploration push comes with $0.77 million in cash and $879,000 spent during the September quarter.

Sheffield Resources reported record quarterly ore mining and lower unit costs at its 50%-owned Thunderbird mine, while zircon shipments nearly doubled and pricing improved. The operational gains arrive as lenders consider a standstill that could defer Kimberley Mineral Sands’ debt obligations until June 2027, but no agreement is guaranteed.

Everest Metals’ Mt Edon project has been selected as Australia’s representative site in a five-year German-funded exploration program and accepted into the European Union’s Raw Materials Mechanism. The recognition may improve access to technical expertise, strategic partners and potential financing, although no funding, offtake or development commitment was announced.

Mamba Exploration has secured approvals for a maiden 6,000m RC drilling programme at Meeka East, while historical data supports a 3km copper corridor between Copper Hills and Lady Alma. A post-quarter $6.0 million placement leaves the explorer funded for its next phase, subject to the remaining tranche and exploration execution.

Havilah Resources has swung to a $77.2 million FY2026 profit after securing the Kalkaroo transaction with Sandfire, but the result is dominated by deal accounting rather than mining revenue. The South Australian explorer ended the year with $40.9 million in cash and almost $100 million in listed investments.

Austin Metals has sharpened its gold targets at Brunswick Hill and Mt Sandy after completing 4,215 metres of reverse circulation drilling, including a standout 12-metre intersection at 1.67 g/t gold. The exploration progress comes with a near-term funding question, as the company ended September with $1.091 million in cash and estimated funding of 1.11 quarters.

Yancoal Australia will ask shareholders to approve up to US$1.2 billion a year in related-party coal sales from 2027, while companies acquired with Kestrel must guarantee and secure debt facilities worth A$1.5 billion and US$1.4 billion. The resolutions put the economics and governance of the enlarged coal portfolio under the microscope.

Sarytogan Graphite’s trading suspension is due to be lifted after the company releases details of a Supreme Court of Western Australia application over an inadvertently unlodged prospectus for SGAO Options. The filing provides no detail on potential orders, penalties or investor remedies.

OZZ Resources has completed its return to the ASX with a new critical minerals focus, but its $3.884 million cash balance is yet to translate into Bedaburra exploration spending. The company is now seeking to expand the Western Australian project while it rebuilds its exploration pipeline.

International Graphite has moved its Collie graphite processing project closer to commissioning, with the production building about 30% complete and new finance and feedstock arrangements in place. Cash stood at approximately A$3.4 million at quarter-end, while the company continued developing its planned Italian joint venture.

N1 Holdings reported a sharp rise in first-quarter revenue and customer cash receipts, while expanding its accessible lending capacity to approximately $402 million. The growth came alongside a $5.39 million operating cash outflow and heightened scrutiny of Australia’s private credit sector.

oOh!media’s proposed $1.68-per-share takeover by I Squared Capital has cleared the New Zealand Overseas Investment Office, removing one condition to the scheme. FIRB approval, shareholder approval and court sanction remain outstanding before the transaction can proceed.