Latest Australian Resources Sector News

VHM Limited has obtained crucial federal environmental approval for its Goschen Rare Earths and Mineral Sands Project, clearing a major regulatory hurdle and setting the stage for development in 2026.

S2 Resources has initiated reverse circulation drilling at the Yalgamine soil anomaly within its West Murchison project, targeting a significant copper-platinum-palladium-gold zone. Assay results are expected by early October, while drilling permits progress for the Warraweena project in NSW.

Tali Resources has commenced drilling across multiple high-priority prospects in the West Arunta, leveraging its dominant land position and a strong cash balance to explore for Tier-1 copper and critical metal deposits.

SGH Ltd reported solid FY25 results with 8% EBIT growth, margin expansion, and a 17% dividend increase, setting a confident tone for FY26. The diversified industrial services group demonstrated robust cash flow and reduced leverage despite mixed divisional performances.

AIC Mines has successfully raised over $14 million through a Share Purchase Plan, exceeding its $10 million target, to fund expansions at its Eloise processing plant and the Jericho copper mine development.

North Stawell Minerals confirms fresh gold mineralisation at Darlington West, backed by a $3.6 million equity raise to fund expanded drilling and exploration across its Victorian projects.

NRW Holdings’ subsidiary Primero Group has landed a $157 million contract from Rio Tinto to deliver critical infrastructure at Hope Downs in Western Australia, extending their longstanding partnership.

WestStar Industrial’s subsidiary SIMPEC has landed a $17 million contract to deliver key construction works for a pioneering lithium refining plant in Western Australia, marking a significant step in Australia’s energy transition.

Babylon Pump & Power has successfully closed its institutional entitlement offer, raising over $1 million through the issuance of 271 million new shares. A retail entitlement offer is set to follow, providing existing shareholders another chance to participate.

Sipa Resources has inked agreements to acquire four advanced gold projects in South Australia and Western Australia, positioning itself for a significant exploration boost. The $2.2 million deal, coupled with a $1.75 million capital raise, signals a strategic pivot towards expanding its resource base.

Australian Vanadium Limited has secured critical EPA approval for its Gabanintha Vanadium Project, marking a significant step toward construction and production within its broader Australian Vanadium Project.