Latest Government Grants News

Tungsten Mining NL's Watershed Preliminary Economic Evaluation reveals a robust project with a pre-tax NPV of A$1.3 billion and a swift payback, aiming for first production by 2027 amid tightening global tungsten supply.

Triton Minerals has secured Mozambique government approval for mining concessions tied to its graphite assets, a critical hurdle cleared in its joint venture deal with NQM Gold 2 Pty Ltd. This milestone de-risks the transaction and sets the stage for imminent completion and cash receipt.

FIN Resources has landed a C$111,034 government grant to expand its geophysical surveys at the Cabin Lake Gold Project in Canada’s Northwest Territories, aiming to sharpen drill targets and unlock further exploration potential.

International Graphite Limited (ASX: IG6) has raised $4 million to fast-track its graphite processing ventures in Europe and Western Australia, supported by a UK critical minerals fund and existing shareholders.

HITIQ Limited secured a Federal Court order extending the quotation period for its HIQOA listed options on the ASX, resolving a regulatory timing issue and validating the delayed admission.

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.