Latest Farming News

Cazaly Resources will replace managing director Tara French with mining executive Adrian Byass from 8 October, while launching a review of its exploration portfolio. Byass will receive a $325,000 annual salary and may be granted up to 7 million performance rights, subject to approval and conditions.

Elixir Energy says its Lorelle-3H well reached a peak test rate of 10.5 MMscfd and a stable rate of 2.35 MMscfd during first-phase cleanup. The ASX-listed gas explorer is now preparing for post-soak testing while weighing farm-outs, joint ventures and other structures for its Taroom Trough assets.

PGG Wrightson delivered a sharp improvement in FY26 earnings, with Operating EBITDA up 15% to NZ$64.3 million and net profit rising 46% to NZ$15.6 million. The result supports a fully imputed 5.5 cents per share final dividend, although debt and GO-STOCK receivables have also expanded.

Benz Mining’s quarterly loss widened sharply as exploration spending surged at its Western Australian projects, but a subsequent C$148.02 million placement has given the company substantial funding to accelerate Glenburgh drilling. The project’s 10.1-12.0 million ounce Exploration Target remains conceptual rather than a Mineral Resource.

Prominence Energy has secured an independent resource framework for its Eyre Project, with RISC Advisory estimating 202.8 Bscf of 2U unrisked hydrogen and 9.2 Bscf of helium across 15 leads. The milestone moves the South Australian project towards target selection, potential farm-out discussions and a planned mid-2027 drilling campaign, but the volumes remain undiscovered and highly exploratory.

ADX Energy has secured a potential funding partner for its next Austrian gas well, with Empyrean Energy offering EUR 555,400 for a 10% economic interest in the GOLD Cluster Area. The arrangement remains conditional on a final investment agreement before drilling is expected to begin in the fourth quarter of 2026.

AngloGold Ashanti has completed a 2,659-sample soil geochemistry program at EcoGraf’s Golden Eagle project in Tanzania, with results now pending ahead of a planned drilling phase. The work forms part of a US$9 million farm-in while EcoGraf prepares separate exploration across a broader portfolio of gold and critical-minerals targets.

Forte Energy has bought nine more months to secure funding for the required Idris Prospect well after regulators suspended work-program conditions on WA-424-P. The extension preserves the permit, but drilling finance and the prospect’s technical credentials remain unresolved.

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.

Bubs Australia has secured permanent US FDA authorisation for three infant formula products, removing a regulatory barrier in the company’s largest market. The approval supports possible portfolio expansion and contract manufacturing, but the presentation contains no new earnings guidance or quantified financial benefit.

Conrad Asia Energy has completed the sale of a 75% non-operated interest in the Duyung PSC, triggering a US$4 million payment from PT Nations Natuna Barat. The company says the transaction leaves it with a 22.875% operated interest and fully funds the US$320 million Mako gas development.

Elixir Energy has confirmed it is in an exclusive due diligence and negotiation process with Beach Energy over a potential strategic farm-in to its Taroom Trough portfolio. The process runs until 1 October, but no transaction has been agreed or assured.