Latest Energy Sector News

Rumble Resources has reported significant high-grade gold and tungsten assay results from Phase 1 drilling at its Western Queen project, uncovering two new gold lodes and expanding tungsten mineralisation. Phase 2 drilling is underway to further delineate these promising discoveries.

Triangle Energy reports a missed payment from Pilot Energy related to the Cliff Head project sale, while Pilot continues funding operational costs amid capital raise talks.

Aruma Resources has reported multiple high-grade gallium assay results from its Saltwater Project in Western Australia, highlighting promising multi-commodity potential and drill-ready targets.

Contact Energy Limited has announced a fully unfranked dividend of NZD 0.1847 per share, combining ordinary and supplementary components, payable in March 2025.

Whitebark Energy Limited has issued a supplementary bidder's statement updating its $3 million capital raising and correcting share valuation details in its ongoing takeover offer for King Energy Limited.

Neometals has received a second tranche of funding from EU-backed EIT RawMaterials, injecting nearly €0.5 million to advance its Finnish Vanadium Recovery Project amid ongoing financing efforts.

Jupiter Energy Limited has extended the closing date for its General and Director Placement Offers to March 3, 2025, adjusting its capital raising timetable amid ongoing development plans in Kazakhstan.

Advent Energy, in which MEC Resources holds a significant stake, is pursuing a judicial review against the federal government's refusal to extend the PEP-11 offshore petroleum permit. This legal move could reshape the future of the project and its stakeholders.

Advent Energy, with BPH Energy as a significant stakeholder, has launched a judicial review against the Federal Government’s refusal to extend the PEP-11 offshore petroleum permit, seeking to overturn the decision and force reconsideration.

Tamboran Resources Corporation posted a $20 million net loss for the half year ending December 31, 2024, reflecting intensified exploration and development activities in the Beetaloo Basin amid no revenue generation. The company’s cash reserves declined to $59.4 million, underscoring the pressing need for additional capital to fund ongoing projects.

Gold Mountain Limited has confirmed high-grade Rare Earth Oxide mineralisation from 56 drill holes at its Down Under REE Project in Brazil, highlighting significant potential for resource expansion and further exploration.

Origin Energy has announced a fully franked ordinary dividend of AUD 0.30 per share for the six months ending December 2024, signaling steady shareholder returns.