Latest Government Grants News

Bass Oil has secured full ownership of the Vanessa gas field in the Cooper Basin, aiming to resume gas sales by year-end after recommissioning the facility and pipeline.

Strategic Energy Resources (ASX:SER) is set to embark on a busy 2026 drilling season with three funded diamond drill programs across its Canobie, Diamantina, and Bulimba projects, targeting multiple high-potential copper and gold prospects in Queensland.

Westar Resources has won a Northern Territory Government grant to co-fund an aeromagnetic survey over 569 square kilometres of its Bunda Creek Project, aiming to unlock structural insights critical for sediment-hosted copper exploration.

Vintage Energy has locked in $5 million in South Australian government grants to co-fund drilling two new gas wells, aiming to boost output from the Southern Flank projects in the Cooper Basin.

Bass Oil lifted May production by 5% with a 219 barrels per day average, while drilling commenced on the Bunian 6 well, expected to double group output.

Mont Royal Resources has unveiled an updated Preliminary Economic Assessment for its Ashram Rare Earths Project, confirming robust economics and a long mine life with strategic importance for Western critical minerals supply chains.

VEEM Limited has finished its factory extension and installed new machinery, setting the stage for a stronger second half of FY26 and anticipated growth in FY27 driven by defence contracts and marine propulsion innovations.

PLC Resources has initiated a government-backed airborne geophysical survey at its Abbotts North Gold Project, setting the stage for new target identification while awaiting assay results from its maiden drilling at Rochefort.

South32 advances its stake in Hammer Metals’ Isa Valley project with a A$3 million exploration commitment, while Sumitomo Metal Mining Oceania signals withdrawal from the Bullrush joint venture.

Ardea Resources' Kalgoorlie Nickel Project – Goongarrie Hub has been awarded Lead Agency Status by the Western Australian Government, marking a key regulatory milestone that underscores its strategic importance in the critical minerals sector.

Aurora Labs has landed a $1 million Australian Government grant, matched dollar-for-dollar, to boost production of its micro gas turbine propulsion systems for defence applications using commercial 3D printing technology.

Killi Resources has significantly extended the King Louie Breccia gold-copper-molybdenum anomaly at its Mt Rawdon West Project, setting the stage for imminent drill testing backed by government funding.