Latest Commercial Production News

Gorilla Gold Mines has lifted its reported Mineral Resource to approximately 2.0Moz of gold after a year of intensive Western Australian drilling. The gain comes with strong exploration momentum, but the company remains pre-revenue and expects to seek further funding.

Image Resources has expanded the Mineral Resource at its Durack mineral sands project by 43% to 37.7 million tonnes, while lifting contained heavy minerals and zircon content. The upgraded estimate gives the company a stronger technical base for an economic evaluation due later in 2026, although changes to the cut-off and mineral definitions complicate direct comparisons.

Australian Rare Earths has moved its Koppamurra pilot plant beyond heap leaching, recovering rare earths from about 5,000 litres of leach solution into a Mixed Rare Earth Hydroxide intermediate product. The result provides an early test of the downstream flowsheet, although commercial economics and final product quality remain unproven.

Challenger Gold has set early 2029 as the target for commercial production from a stand-alone heap leach operation at its Hualilán project in Argentina. The roadmap brings engineering, drilling and financing into sharper focus, but still depends on a US$15 million debenture refinancing and a much larger project funding package.

Conrad Asia Energy has completed the sale of a 75% non-operated interest in the Duyung PSC, triggering a US$4 million payment from PT Nations Natuna Barat. The company says the transaction leaves it with a 22.875% operated interest and fully funds the US$320 million Mako gas development.

EV Resources has moved its Tecomatlán plant from integration into live proof-of-concept processing, with 200 metric tons of antimony ore delivered and crushing underway. The company is now targeting its first marketable antimony concentrate, although plant-scale performance remains unproven.

Catalyst Metals has lifted the Keillor gold Resource from 81koz to 307koz after a major drilling campaign, while the operating mine ramps up near the Plutonic processing plant. The company expects an Ore Reserve update to extend Keillor’s initial three-year mine life.

Nelson Resources has lodged a Notice of Intent to collect up to 1,000 short tons of remnant mineralised material from the Orleans Mine in Nevada for bulk-scale metallurgical testing. The program could test whether laboratory recovery results translate to commercial-mill conditions, but remains subject to approval, bonding and the appointment of a third-party mill.

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.

NuEnergy Gas Limited has secured A$3.05 million through a placement to fund early gas sales and production expansion at its Tanjung Enim project, alongside advancing other Indonesian coal bed methane assets.

Tamboran Resources and Daly Waters Energy have initiated initial gas sales from the Beetaloo Basin, marking the first delivery of local gas to the Northern Territory market. The company aims to ramp up to contracted volumes of 40 terajoules per day by early 2027 under a long-term agreement.