Latest Feed News

Medallion Metals has moved Ravensthorpe into mine development and is preparing Cosmic Boy for gold processing, backed by approximately $175 million in available liquidity. The September quarter also delivered high-grade drilling extensions and major construction progress, but commissioning and execution now carry the story.

GBM Resources has extended gold mineralisation beyond the existing 1Moz Twin Hills resource, including an 18-metre intersection grading 12.01g/t gold. Early flotation tests returned recoveries of up to 99%, while the company held $23.3 million in cash and no debt at quarter end.

Nex Metals has assembled a potential 3,021 km² Western Australian exploration portfolio through its WTAC joint venture, while preliminary Kookynie test work lifted laboratory gold recovery to 71%. The expansion comes with important conditions: most tenure remains pending, and the processing case still requires further technical and economic work.

Lotus Resources lifted Kayelekera’s uranium recovery to 80% in September after recommissioning its sulphuric acid plant, while securing the approvals and funding needed for its first shipment since the restart. The company still faces power, acid capacity and cash-flow risks as it moves from restarting production to generating sales.

Andromeda Metals has lifted independently verified high-purity alumina output to 99.9989% at its continuous pilot plant and sent its first commercial sample to a potential Japanese customer. The result strengthens the technical case for its HPA project, but customer qualification and commercial-scale production remain ahead.

Athena Resources has completed its Narryer drilling campaign, reporting concentrate grades above the company’s stated direct-reduction benchmark and bringing forward a potential maiden resource estimate to the December 2026 quarter. The exploration progress comes with only A$1.382 million in cash and an estimated 1.06 quarters of funding at quarter end.

Reach Resources has moved its Murchison South project closer to mining after Andel exercised its option over the Blue Heaven tenement, while grade-control drilling returned shallow, high-grade gold. The proposed development remains conditional on regulatory, environmental and commercial milestones.

Champion Iron’s second-quarter earnings collapsed as lower iron ore prices, higher freight and commissioning costs pushed the company into a C$48.4 million net loss. The first commercial DRPF shipment offers a strategic milestone, but the project is yet to deliver the higher prices and operating leverage investors are waiting for.

Metro Mining increased third-quarter shipments by 17% from the previous quarter and secured 4.5 million wet metric tonnes a year of binding offtake for 2027 to 2029. The result came with lower guidance, elevated costs and operational disruptions still weighing on the business.

Brightstar Resources says construction of its 1.5Mtpa Laverton processing plant remains on schedule and within budget for first gold in June 2027, while Sandstone continues to expand through drilling and resource upgrades. The September quarter also set up a larger exploration push, backed by an A$82 million placement and Genesis Minerals’ new strategic stake.

Marmota has completed more than 32,000 metres of Stage 3 RC drilling at its Greenewood and Mainwood gold zones, reporting high-grade extensions to the north, south and at depth. The results will feed into the company’s Gawler Gold scoping study, while a 39-hole uranium program awaits native title clearances.

Develop Global delivered record mining and processing volumes at Woodlawn while advancing its lithium and copper growth pipeline. The September quarter also generated A$29.6 million in operating cash flow, although cash fell to A$95.5 million after heavy investment and debt repayments.