Latest Energy News

Contact Energy Limited has reported a striking 43.9% increase in net profit for the half-year ending December 2025, even as revenue fell by 5.3%. The company’s acquisition of Manawa Energy Limited has boosted its net tangible assets, underpinning a healthy interim dividend.

ADX Energy has reported encouraging initial flow test results from the Reifling Formation at its Welchau-1 well, confirming the presence of methane gas and potential light oil. Ongoing testing aims to establish sustained production and further reservoir characteristics.

Anson Resources is set to begin a 2,500-metre drilling campaign at its Yellow Cat project in Utah, aiming to confirm and extend high-grade uranium and vanadium mineralisation along a significant strike length.

Belararox Limited is accelerating exploration at its TMT Project in Argentina by deploying a second diamond drill rig to test promising copper and precious metals targets, with assay results from initial holes expected soon.

Temas Resources has inked a Letter of Intent to validate its patented Regenerative Chloride Leach technology on a major refractory gold deposit, paving the way for a joint venture to commercialise the platform in Western North America.

Magnetite Mines has secured all necessary permits to commence drilling at its Ironback Hill Rare Earth Element Project, aiming to expand on promising mineralisation discovered last year.

Critica Limited has produced its first commercial-quality Mixed Rare Earth Carbonate from the Jupiter Rare Earth Project, marking a key milestone in advancing its development and processing pathway. The high-grade product validates scalable hydrometallurgical processing and supports the upcoming Scoping Study.

TMK Energy’s latest pressure tests at its Mongolian coal seam gas project confirm reservoir conditions are aligning with models, moving the company closer to commercial gas production.

Victory Metals has partnered with Curtin University and the Australian Government to accelerate development of the North Stanmore Heavy Rare Earth Project, positioning Australia as a key player in critical minerals supply.

Prospect Resources has raised A$45 million through a strategic equity placement to accelerate drilling and studies at its Mumbezhi Copper Project in Zambia, aiming to expand its mineral resources and advance project development.

Australian Rare Earths Limited (ASX, AR3) reports breakthrough metallurgical testwork at its Koppamurra project, doubling heap leach irrigation rates and achieving around 70% recovery of key magnet rare earth elements. These advances promise faster production timelines and lower costs ahead of the Pre-Feasibility Study.

Strike Energy has secured all regulatory approvals to drill the Walyering West-1 well in the Perth Basin, aiming to unlock a prospective 46 PJ gas resource with drilling set to commence by mid-April 2026.