Latest Economic Development News

Ore Resources has formalised a pivotal Project Agreement with the Marlinyu Ghoorlie people, setting the stage for mining lease approvals and advancing exploration at its Coolgardie Gold and Lithium Projects.

TMK Energy Limited reveals strong pilot well results and a robust phased development plan for its Gurvantes XXXV Coal Seam Gas project in Mongolia, underpinned by independently certified resources and strategic partnerships.

Genesis Minerals has announced a recommended scheme to acquire Magnetic Resources for A$639 million, significantly expanding its gold resource base and advancing its ambitious ASPIRE 500 production goal.

Santos Limited’s 2025 Annual Report reveals a robust operational and financial performance, highlighted by a 42% reduction in Scope 1 and 2 emissions and progress on major LNG projects Barossa and Pikka phase 1.

Magnetite Mines’ Razorback Iron Ore Project has been granted Major Project Status by the Australian Government, recognising its national economic importance and unlocking enhanced regulatory support for the next three years.

Pacific Lime and Cement has locked in a long-term quicklime supply deal with Newmont, anchoring Papua New Guinea’s first domestic quicklime manufacturing project and advancing local industry development.

Genesis Minerals has announced a recommended court-approved scheme to acquire Magnetic Resources for A$639 million, significantly expanding its resource base and production outlook. The acquisition includes the high-grade Lady Julie project near Genesis’ Laverton mill, promising operational synergies and supporting an aspirational 500,000 ounces per annum production target.

Vysarn Limited and the Kariyarra Aboriginal Corporation have advanced their Kariyarra Water Scheme with a key groundwater licence application and a bid to supply bulk water to Port Hedland.

Estrella Resources has released promising initial assay results from its 2025 drilling campaign at the Werumata Limestone Project in Timor-Leste, confirming high-grade, low magnesium limestone and chalk deposits. The company aims for a JORC-compliant resource estimate of at least 500 million tonnes.

CuFe, Emmerson, and Tennant Minerals have won $600,000 in matched government grants to fund a feasibility study for a shared critical minerals processing facility in Tennant Creek, aiming to boost regional mining development.

Nyapiri Macro Mining, a majority Indigenous-owned mining services company, has locked in a multi-year framework agreement with BHP, promising streamlined operations and enhanced Indigenous participation at the Mt Goldsworthy site.

Strike Resources has taken significant steps to enhance its Apurímac Iron Ore Project’s export capabilities through a new port services agreement and is progressing towards resuming mining operations. Meanwhile, its stake in Lithium Energy benefits from a major asset sale, boosting cash reserves.