Latest Commodities News

H3 Energy says four prospective partners have completed initial evaluations of its Warro gas project and been invited to submit commercial proposals. At Alinya, multiple global energy companies have signed confidentiality agreements and entered the data room, but no binding farm-out deal has yet been secured.

QEM has ranked the Vaught-Peck prospect as the leading target at its newly acquired Garden Valley project in Idaho after reviewing historical records of columbite, samarskite and other rare-metal minerals. The opportunity remains prospective rather than proven, with no modern drilling, assays or resource estimate yet reported.

Lion Selection Group (ASX:LSX) increased its investment portfolio by 19% to A$108.2 million in FY2026, even as net profit fell 77% to A$8.9 million after an exceptional prior year. The resources investor enters the new year with A$36 million in cash and term deposits, but remains exposed to volatile junior mining valuations and unresolved litigation.

GrainCorp says its transformation program is on track to deliver $12 million in run-rate benefits by the end of FY26, above the top of its previous commitment. But the company has delayed a major systems rollout, expects $30-35 million of FY27 completion spend and deferred a second release.

Latitude 66’s KSB project has returned a striking preliminary economic case, with a post-tax NPV8 of US$485 million and an 85% IRR at a US$3,500 per ounce gold price. The opportunity remains unbuilt, unfunded and subject to further study, permitting and a production target containing 10% Inferred Resources.

Echelon Resources delivered a sharp FY26 earnings increase after selling its Cue Energy stake, repaying debt and simplifying its portfolio. The headline profit includes a substantial disposal gain, leaving Palm Valley drilling and Amadeus Basin production to demonstrate the next phase of value creation.

Jameson Resources has opened the retail leg of a A$5 million accelerated entitlement offer, giving eligible shareholders the chance to buy new shares at a 22.2% discount to the latest stated closing price. The company says institutional demand has already delivered about A$3.7 million, with a further A$1.59 million placement, but the retail component remains non-underwritten.

Rua Gold has reported its highest-grade Auld Creek drilling results to date, including 0.6 metres at 136.2 g/t gold equivalent and 2.9 metres at 38.8 g/t gold equivalent. The company has completed 19,600 metres of resource drilling and is targeting an updated resource, approvals application and pre-feasibility study before year-end.

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.

Kingston Resources says infill drilling at Jack’s Hut has confirmed the location and continuity of polymetallic mineralisation targeted for potential underground mining at Mineral Hill. The results will feed into a resource update, while surface drilling in October will test extensions beyond the current resource.

Select Harvests expects a near-record FY26 almond crop and stronger pool pricing, but wet-weather harvesting has pushed operational costs to A$13.9 million. Net debt is forecast below A$65 million at year-end, leaving the key earnings impact for the full-year results.

Diablo Resources has exercised its option over 101 patented claims covering the historic Horn Silver Mine in Utah, bringing its broader 202-claim, 13.2 square kilometre project package together. The company will now rank targets, advance permitting and prepare for a maiden Horn Silver drilling program in 2026.