Latest Exploration And Production News

Papyrus Australia has taken a significant step towards commercialisation by signing a $4.2 million supply contract with TBS Mining Solutions for its biodegradable Collar Keeper® products, while advancing its Adelaide R&D facility.

Western Gold Resources has approved the Decision to Mine for its Gold Duke Project, marking a key shift from exploration to production with first gold targeted in early 2026.

Hartshead Resources NL has entered a binding agreement for acquisition by ACAM GP Limited, offering shareholders a 133% premium and a clear exit from development risks. The scheme is set for implementation in early 2026, pending approvals.

VRX Silica Limited has announced a strategic leadership transition with Tony Swiericzuk appointed as CEO, succeeding Bruce Maluish who will step down in 2026 but remain on the board. This move positions VRX to advance its Arrowsmith North silica sand project towards production.

Central Petroleum has secured strategic interests in the Cooper and Otway Basins through binding agreements with ADX Energy, setting the stage for a multi-million dollar expansion and planned drilling campaigns in 2026 and 2027.

Ariana Resources has locked in a strategic A$11 million investment from Hongkong Xinhai Mining Services to accelerate development at its Dokwe Gold Project in Zimbabwe. This deal includes equity funding, technical services, and a board appointment, marking a significant milestone for the company.

Pacgold has secured approval to restart heap leach irrigation at its White Dam Gold Project and is progressing a significant drilling campaign to upgrade resources, setting the stage for a production restart in 2026.

Buru Energy is actively pursuing funding for its 2026 drilling campaign to validate resources at the Rafael Gas Project, aiming for a Final Investment Decision in the second half of 2026 and first cashflow by 2028.

Everest Metals Corporation’s latest drilling at Mt Dimer Taipan confirms high-grade gold mineralisation extending beyond current resources, while heap leach sampling reveals promising recoverable gold potential.

Lefroy Exploration has received a second $0.75 million cash advance from BML Ventures, reinforcing its funding position ahead of key production milestones at the Lucky Strike Gold Project.

Resources & Energy Group Limited has raised $2 million to fund drilling and production expansion at its East Menzies Gold Project, following a year of significant operational milestones.

EV Resources is set to begin a fully funded maiden diamond drilling program at its high-grade Los Lirios antimony project in Mexico, aiming to define a maiden JORC resource by Q3 2026. This marks a pivotal step toward production readiness and a broader 2026 exploration campaign.