Latest Gold Assets News

Hammer Metals has dispatched an amended scheme booklet after correcting several computational errors in performance-rights valuations and director-interest disclosures. The proposed Austral takeover remains unchanged, with shareholder votes scheduled for 9 November and the independent expert’s favourable conclusion intact.

Austral Resources’ proposed acquisition of Hammer Metals has cleared its first Federal Court hurdle, with ASIC registration of the Scheme Booklet and a shareholder vote now set for 9 November. The transaction still needs shareholder approval, a second Court hearing and other conditions before implementation.

Hammer Metals’ proposed acquisition by Austral Resources has cleared its first court stage, with ASIC registering the scheme booklet and an independent expert backing the scrip deal. Shareholders now face linked votes on the takeover and the demerger of Western Australian gold assets into an unlisted company.

Locksley Resources has halted active field exploration across its Mojave antimony and rare earths project after antimony prices fell more than 57% from mid-2025 peaks. The strategic reset came as the company reported a widened FY26 loss of A$15.65 million and shifted attention to copper-gold assets in New South Wales.

Viking Mines has repositioned itself around Nevada tungsten, with Linka producing a 56.9% WO₃ concentrate at 76.0% recovery and gaining approval for a 63-hole maiden drilling programme. The opportunity is advancing, but the company remains loss-making, has no JORC resource at Linka and will need further funding as work accelerates.

Cooper Metals finished FY2026 with a $611,935 loss and $1.81 million in cash, while its post-year-end Pyramid Gold acquisition reshaped the exploration portfolio. The deal brought AIC Mines in as the company’s largest shareholder, but a larger pool of options and performance rights also raises the importance of future funding and exploration results.

Celsius Resources has reported a sharply wider FY2026 loss after impairing its disputed interest in the MCB copper-gold project, while an Equinaire credit bid has complicated ownership of the Philippine asset. The company is relying on a pending Opuwo sale, fresh financing and arbitration to keep its development strategy alive.

Castle Minerals has reported a $3.23 million net loss for FY2026, with its auditor highlighting material uncertainty over the explorer’s ability to continue without further capital or spending cuts. The company is redirecting its portfolio towards gold assets in Côte d’Ivoire and Western Australia, backed by a partly completed $4 million post-year-end placement.

Auravelle Metals has reported encouraging gold results at Sheoak and expanded its Crown project, but its FY2026 annual report flags a material uncertainty over its ability to continue as a going concern. The company lost A$3.98 million, used A$4.07 million in operating cash and held A$632,721 at year end before completing a further A$1.5 million placement.

Talisman Mining’s Sheepyard prospect has emerged as the company’s clearest exploration opportunity after drilling outlined shallow gold mineralisation across an unconstrained 800-metre strike. But the annual report also shows a shrinking royalty income stream, a $2.705 million loss and fresh reliance on equity funding.

Lachlan Star’s 2026 annual report puts its 90%-owned New Waverley project at the centre of the company’s exploration strategy after drilling outlined shallow, high-grade gold mineralisation across roughly 400 metres. The company ended the year with $6.52 million in cash, but remains loss-making and without a mineral resource or ore reserve.

Delta Lithium reported a $13.2 million FY2026 profit after separating its gold assets into Ballard Mining, while advancing lithium projects at Mt Ida and Yinnetharra. The result was supported heavily by demerger-related accounting gains, leaving the next test firmly operational: whether the projects can move towards production.