Latest Kalkaroo News

Havilah Resources plans to return up to $44.6 million to shareholders through a fully franked Sandfire share dividend and proposed capital reduction. The final distribution will depend on Sandfire’s share price before the 31 December record date, while the capital return still requires shareholder approval.

Havilah Resources has swung to a $77.2 million FY2026 profit after securing the Kalkaroo transaction with Sandfire, but the result is dominated by deal accounting rather than mining revenue. The South Australian explorer ended the year with $40.9 million in cash and almost $100 million in listed investments.

Havilah Resources sees key milestones at Kalkaroo and Mutooroo projects, with Sandfire's $70 million prefeasibility study underway and Kantra Copper commencing Mutooroo evaluation. A shareholder distribution is targeted before year-end.

Sandfire Resources Ltd (ASX:SFR) posted a 41% revenue jump to $1.65 billion and a 282% surge in net profit to $355.8 million for FY26, driven by strong operational performance and robust commodity prices. The company declared a fully franked 35 Australian cents per share dividend and advanced its Kalkaroo Copper-Gold Project with a $70 million pre-feasibility study underway.

Broken Hill Gold (ASX:BH6) has identified several promising gold-copper targets near its White Dam project in South Australia, setting the stage for a significant exploration push focused on deeper sulphide mineralisation following the Icebreaker discovery.

Sandfire Resources capped FY26 with a 38% jump in quarterly copper equivalent output, record financials, and a strong FY27 production outlook.

Havilah Resources has kicked off reverse circulation drilling at its Brooks Dam prospect near Kalkaroo, aiming to penetrate a stubborn gossan-chert horizon and better define underlying copper-gold mineralisation. The drilling is part of a strategic alliance with Sandfire Resources, which is also advancing its own large-scale drilling and prefeasibility work at Kalkaroo.

Boss Energy has delivered on its revised FY26 uranium production guidance with 1.41 million pounds of U3O8 and accelerated its feasibility study for the Honeymoon project, aiming to unlock future growth with a new life-of-mine plan by August 2026.

Tarrina Resources has identified five high-confidence sulphide chargeability anomalies at its Walparuta IOCG Project, including a large, untested target that aligns with magnetic and gravity data. Historic drilling validates the geophysical model, setting the stage for imminent drill testing.

Havilah Resources has locked in a $105 million upfront payment from Sandfire Resources for the Kalkaroo project and signed a binding farm-in agreement with Hillgrove Resources for Mutooroo, while gearing up for regional drilling in South Australia’s Curnamona Province.

Hillgrove Resources has secured the right to earn an 80% stake in the Mutooroo Copper Project through a farm-in deal with Havilah Resources, leveraging its Kanmantoo processing plant to potentially boost copper output with lower capital risk.

Boss Energy has trimmed its FY26 uranium production guidance due to severe weather disruptions at its Honeymoon project, while advancing a new feasibility study targeting cost reductions with wide-spaced wellfields.