Latest Laverton News

Arika Resources has identified a previously unrecognised gold lode at its Kookynie project after drilling returned 19 metres at 7.99g/t gold, including 6 metres at 15.87g/t. The early-stage discovery sits above the historic Champion Main Reef and opens several follow-up targets along a 3km mineralised trend.

Bulletin Resources has shifted its exploration focus further towards Lake Rebecca after reporting a $569,632 loss for the year, with Chifley drilling pointing to a possible concealed gold source but stopping well short of a discovery. The company ended June with $13.5 million in cash and listed investments, although its exploration portfolio still carries permitting and funding risks.

Bega Cheese has entered FY2027 with normalised EBITDA guidance of $240 million to $245 million after delivering a sharp improvement in FY2026 earnings. The company expects a relatively flat first half before stronger growth in the second half, supported by branded products, automation and manufacturing savings.

Matsa Resources has received the final A$45 million payment from AngloGold Ashanti for five Lake Carey tenements, completing the transaction. Total payments under the agreement reached A$70.125 million including GST, while AngloGold retains a right of first refusal over Fortitude North until September 2027.

Matsa Resources says all conditions have been satisfied for AngloGold Ashanti’s acquisition of five Lake Carey tenements, putting a further A$45 million payment within 15 business days. The final settlement amount has not yet been received.

Norwest Minerals has strengthened the technical case for its Bulgera heap-leach project, but its annual report highlights a sharper near-term constraint: just A$394,541 in cash at 30 June and material uncertainty over its ability to continue as a going concern. The company subsequently raised about A$1.89 million through an entitlement offer.

Iceni Gold has defined a new drilling corridor at Goose Well after diamond drilling confirmed broad, low-grade gold mineralisation with higher-grade quartz veins near the Gander Fault. The company is also preparing for a Gold Fields-funded 7,000m RC campaign at Everleigh, with results expected from December.

CVC Limited (ASX:CVC) ended FY26 with $87.7 million in cash after a major Laverton sale, debt refinancing and a decision to abandon a $124 million property settlement. The stronger liquidity position came alongside a 541.7% rise in underlying NPAT, although earnings remain dependent on lumpy property realisations and planning approvals.

Vault Minerals has cleared another procedural hurdle in its proposed Genesis Minerals merger, with ASIC registering the scheme booklet ahead of the 11 November shareholder vote. Independent expert BDO says the deal is fair, reasonable and in shareholders’ best interests, provided no superior offer emerges.

APC Minerals has replaced its FY2026 annual report after finding a version-control error in the independent auditor’s report. The corrected filing leaves a more consequential warning intact: the explorer needs near-term equity funding to remain a going concern.

Verity Resources has expanded its Monument gold story in Western Australia, but the explorer’s stronger resource base sits alongside a sharply higher annual loss, A$4.67 million operating cash outflow and a material uncertainty over its ability to continue as a going concern. The company finished FY2026 with A$1.05 million in cash and more than A$2.39 million of exploration commitments due within a year.

Rincon Resources posted a $6.96 million FY2026 loss after writing down $5.53 million of exploration assets, while its cash balance rose following a $3.1 million placement. The explorer has narrowed its focus to Telfer South and Crackerbox, but remains dependent on future drilling and funding.