Latest Australian Mining Sector News

Novo Resources narrowed its Q1 2026 net loss to CAD 685K, boosted cash to CAD 10.6M following a $5.9M placement, and outlined aggressive gold and antimony drilling campaigns in Australia.

Legacy Minerals has received NSW Government approvals for an 8,000m diamond drilling campaign at its Mt Carrington Project, targeting promising extensions at Mascotte and first-ever modern testing at the Emu copper-gold prospect.

Austral Resources has bolstered its Cameron River Project with final assays revealing gold and silver alongside high-grade copper at Snow Queen, underpinning its regional growth strategy.

Develop Global has landed a substantial A$274 million underground mining contract at Core Lithium’s Finniss Project, marking a major shift from Bellevue Gold and boosting its lithium services portfolio.

High-Tech Metals has completed 700m of a planned 5,000m RC drilling program at Mt Fisher, aiming to expand its current gold resource by targeting high-grade shoots and extensions. Assay results for the first four holes are expected soon, following operational delays resolved by a contractor change.

Austral Resources has kicked off its 2026 drilling campaign with a standout 10m intercept grading 7.52% copper at the Snow Queen Prospect near its Rocklands facility, underpinning its strategy to build regional scale through satellite deposits.

Tarrina Resources has validated historic high-grade gold mineralisation at its Christmas Gift project in NSW through initial diamond drilling results, revealing significant widths and grades that support further exploration.

Gorilla Gold Mines has uncovered a new high-grade gold lode at the Sovereign Deposit within its Comet Vale Gold Project, intersecting 9.3m at 20.6g/t Au in a previously untested footwall position. This discovery adds a fresh dimension to the North Kalgoorlie Hub’s 1.2Moz resource base and accelerates the company’s exploration momentum.

Tennant Minerals has reported a significant diamond drilling intersection at its Bluebird discovery, revealing 19.7 metres of intense copper-gold-bismuth mineralisation and potential to more than double the resource footprint. The company also advances a feasibility study for a regional processing facility backed by government grants.

Emmerson Resources is set to be acquired by Pan African Resources for approximately A$311 million, offering shareholders a 36% premium. The company also advances a government-backed feasibility study for a shared processing facility and begins royalty revenue inflows.

Ausgold has locked in a $30.1 million EPC contract with ADD Business Group to build a 250-room workforce village near its Katanning Gold Project, marking a key step towards a final investment decision in late 2026.

Horizon Gold has reported strong high-grade gold intercepts from drilling at its Omega and Kingfisher prospects in Western Australia, extending mineralisation and advancing its feasibility study on a 2.3 million ounce resource base.